5 Tricks Guaranteed to Slash the Cost of Car Insurance Costs in Stephen

Searching for the lowest cost Stephen car insurance online is rather challenging for people who are new to comparison shopping online. When there are so many online companies available, how can consumers even start to compare them all to find the best pricing?

It's important to compare prices quite often since rates are constantly changing. If you had the best rates a couple years back you can probably find a better price now. You can find a lot of misleading information regarding car insurance on the web, but I'm going to show you some great ways to quit paying high car insurance rates.

Minnesota car insurance quotes

How much can you save with these 5 discounts?

Companies that sell car insurance don't necessarily list all their discounts very well, so the following is a list of some of the more common as well as the least known discounts you could be receiving. If you don't get every credit you deserve, you are paying more than you should be.

  • Life Insurance Discount - Companies who offer life insurance give a break if you buy life insurance from them.
  • 55 and Retired - If you're over the age of 55, you can possibly qualify for better car insurance rates.
  • Government Employees - Employees or retirees of the government can earn a discount up to 10% with select insurance companies.
  • Anti-lock Brakes - Vehicles equipped with ABS or steering control prevent accidents and will save you 10% or more.
  • Anti-theft System - Vehicles with anti-theft systems are stolen less frequently and will save you 10% or more.

As a disclaimer on discounts, some credits don't apply to the overall cost of the policy. Most only apply to individual premiums such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, car insurance companies aren't that generous.

To choose companies with the best car insurance discounts in Minnesota, click here.

Save 15 percent in 15 minutes? Is it for real?

Consumers can't ignore all the ads for car insurance savings by GEICO, State Farm and Progressive. They all seem to have a common claim about savings if you move to their company.

But how can every company make the same claim?

Different companies have a preferred profile for the driver that makes them money. A good example of a desirable insured could be a mature driver, insures multiple vehicles, and drives less than 10,000 miles a year. Any new insured that hits that "sweet spot" is entitled to the best price and is almost guaranteed to save a lot of money.

Drivers who don't meet this ideal profile will have to pay higher premiums and this can result in business going elsewhere. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much. This is how companies can truthfully advertise the way they do. Because of the profiling, you should get quotes from several different companies. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

How much car insurance do I need?

When buying coverage for your personal vehicles, there really is no "perfect" insurance plan. Everyone's needs are different.

For example, these questions may help you determine if your insurance needs would benefit from professional advice.

  • When does my teenage driver need to be added to my policy?
  • Should I put collision coverage on all my vehicles?
  • Am I covered if I drive in a foreign country?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Does my policy cover me when driving someone else's vehicle?
  • Does my car insurance cover rental cars?
  • Does my personal auto insurance policy cover using my vehicle for business use?

If you can't answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.

Even more information can be read at the Minnesota Department of Commerce website. Consumers can view agent and company licensing information, learn about insurance regulations, and download brochures.

Other informative sites include Wikipedia and this page where you can research Stephen insurance agents.

Stephen car insurance comparison

In the end, you save

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. In many instances, drivers have reduced collision coverage and discovered at claim time that the savings was not a smart move. The ultimate goal is to buy enough coverage at a price you can afford.

Drivers who switch companies do it for a number of reasons such as delays in paying claims, denial of a claim, extreme rates for teen drivers or even policy cancellation. It doesn't matter what your reason, choosing a new insurance company is easier than you think.

Cheap car insurance is definitely available from both online companies and also from your neighborhood Stephen agents, and you need to price shop both to have the best chance of lowering rates. Some car insurance companies may not provide online price quotes and most of the time these small insurance companies sell through independent agents.