How to Know You're Throwing Money Away for Car Insurance in St Martin
Have you had enough of robbing Peter to pay Paul each month for car insurance? You are no different than the majority of other car owners in Minnesota.
Numerous battle for your hard-earned dollar, so it's not easy to compare every and get the best coverage at the lowest price
It's important to get comparison quotes once or twice a year because rates are constantly changing. Even if you got the best deal a few years ago you will most likely find a better rate today. So just forget all the misinformation about car insurance because you're going to learn the proper way to save on car insurance.
If you currently have a car insurance policy, you should be able to save some money using these techniques. Choosing the best insurance company for you in St Martin is quite easy. Nevertheless, Minnesota car owners do need to know the way companies price online insurance and take advantage of how the system works.
Don't pay full price with these discounts
Companies offering auto insurance don't always list all their discounts in an easy-to-find place, so here is a list some of the more common and the harder-to-find ways to save on car insurance.
- New Car Discount - Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
- Military Discounts - Having a family member in the military could mean lower rates.
- Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
- Homeowners Pay Less - Owning a house in St Martin may earn you a small savings because owning a home requires personal responsibility.
- Passive Restraints and Air Bags - Factory air bags can get savings of up to 25% or more.
- No Claims - Claim-free drivers can earn big discounts as compared to drivers who are more careless.
- Student Driver Training - Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
It's important to understand that many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, it doesn't quite work that way.
The car insurance bait and switch
Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all seem to make the same claim of big savings if you switch your policy. How do they all make the same claim? This is how they do it.
Insurance companies can use profiling for the right customer that earns them a profit. An example of a desirable insured could be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. A customer who matches those parameters will get the preferred rates and therefore will cut their rates substantially.
Consumers who don't measure up to the "perfect" profile will have to pay higher rates which leads to business going elsewhere. The ads state "drivers who switch" not "everyone that quotes" save that kind of money. That's why insurance companies can confidently advertise the way they do. Because of the profiling, you should get as many quotes as possible. Because you never know the company that will provide you with the cheapest rates.
More Minnesota car insurance information
More tips and info about car insurance is available at the Minnesota Department of Commerce website. Consumers can file complaints about an insurance agent or broker, view a list of available companies, read consumer alerts, and report car insurance fraud.
Affordable insurance is out there
When shopping online for car insurance, never buy lower coverage limits just to save a few bucks. In many instances, an insured dropped liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible for the lowest price.
Low-cost car insurance can be found from both online companies in addition to many St Martin insurance agents, and you should compare price quotes from both to get a complete price analysis. Some car insurance companies do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
