How to Know You're Wasting Money for Car Insurance in Spring Valley

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say many consumers are feeling buyer's remorse and feel like there's no way out.

There is such a variety of to buy insurance from, and although it's a good thing to have multiple companies, so many choices can make it hard to compare rates.

It's important to get comparison quotes every six months due to the fact that insurance rates are constantly changing. Just because you found the best rates a couple years back you will most likely find a better rate today. There is too much inaccurate information about car insurance on the internet, so we're going to give you some great ways to put money back in your pocket.

Finding affordable coverage in Spring Valley is quite easy. If you currently have a car insurance policy, you should be able to reduce your rates substantially using this information. Nevertheless, Wisconsin consumers do need to know the way companies sell online.

Policy discounts you shouldn't miss

Companies don't list every available discount very clearly, so the following is a list of both the well known and the more hidden ways to save on car insurance.

  • Discount for Good Grades - Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Multiple Vehicles - Buying insurance for multiple vehicles on one policy could earn a price break for each car.
  • E-sign - A few companies may give you up to $50 simply for signing over the internet.
  • Resident Student - Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Senior Citizens - If you qualify as a senior citizen, you may be able to get a discount up to 10%.
  • No Claims - Drivers with accident-free driving histories pay less compared to drivers who are more careless.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.

It's important to understand that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates adding up those discounts means a free policy, it doesn't quite work that way.

Wisconsin car insurance

Save $429 a year? Really?

Companies like State Farm and Allstate continually stream television and radio advertisements. All the ads make the same claim of big savings after switching your policy. How does each company claim to save you money?

Insurance companies are able to cherry pick for the right customer that earns them a profit. A good example of a preferred risk might be between the ages of 30 and 50, has no driving citations, and drives less than 10,000 miles a year. Any driver who matches those parameters is entitled to the best price and is almost guaranteed to save when switching.

Drivers who don't qualify for these standards will be charged a higher premium which leads to the customer not buying. The ads state "people who switch" but not "drivers who get quotes" save that kind of money. That's the way insurance companies can confidently advertise the way they do. That is why you should get a wide range of price quotes. You cannot predict which car insurance company will provide you with the cheapest rates.

Learn more about Wisconsin car insurance

More tips and info about car insurance can be read at the Wisconsin Office of the Commissioner of Insurance website. Visitors are able to file complaints about a company, find out which companies have the most complaints, get help finding coverage, and read enforcement actions against agents and companies.

Affordable insurance is out there

We just presented many ideas to reduce car insurance prices online. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from a company that doesn't do a lot of advertising. Regional companies can often provide lower rates in certain areas compared to the large companies like .

Low-cost car insurance can be sourced both online in addition to many Spring Valley insurance agents, and you should compare price quotes from both to have the best selection. Some car insurance companies do not provide you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed full coverage and found out when filing a claim that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.