Proven Ways to Save on Wabash Car Insurance

Did you fall for a flashy sales pitch and buy overpriced car insurance? Believe me, there are a lot of people in Wabash just like you who feel imprisoned by their car insurance policy.

Drivers have so many to buy insurance from, and although it's a good thing to have a choice, too many choices makes it more difficult to compare rates.

It's important to compare prices every six months since rates are constantly changing. Just because you had the lowest rates last year you may be paying too much now. So block out anything you think you know about car insurance because we're going to show you the tricks you need to know to find lower rates on car insurance.

Comprehensive Wabash Car Insurance Comparison

Comparing car insurance rates can take time and effort if you don't know the fastest way to get free quotes. You could spend your day talking to insurance agencies in Wabash, or you can stay home and use the web to achieve your goal.

All the larger companies belong to a marketplace that allows shoppers to send in one quote, and each company can provide price quotes based on that data. This system prevents you from having to do form submissions for each company you want a rate for. To submit your quote information now, click here (opens in new window).

The only drawback to getting quotes like this is you are unable to specify which companies you will receive quotes from. If you prefer to choose individual companies to compare, we put together a list of the cheapest car insurance companies in Indiana. Click here for list of insurance companies in Indiana.

It's up to you how you get prices quotes, just ensure you are comparing identical coverages and limits for every quote you compare. If you have different deductibles you will not be able to determine the best price in Wabash. Having just a slight variation in coverages can result in a big premium difference. Just remember that comparing a large number of companies helps locate a lower rate.

How to Lower your Car Insurance Rates

It's important that you understand the rating factors that go into determining your car insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get better car insurance rates.

Tickets mean higher rates - Your driving record has a lot to do with how much you pay for insurance. Drivers who don't get tickets tend to pay less for car insurance than bad drivers. Only having one moving violation can bump up the cost forty percent or more. Drivers who get serious violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
Do you know your deductibles? - Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. A few examples of covered claims are running into the backend of another car, collision with an animal, or theft. Physical damage deductibles are the amount of money you are willing to pay if you file a covered claim. The higher the amount you have to pay, the less your car insurance will be.
Are you male or female? - Statistics demonstrate that women are safer drivers than men. That doesn't necessarily mean that women are BETTER drivers than men. Men and women have accidents in similar percentages, but men cause more damage. Men also have more aggressive citations such as reckless driving. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
Liability coverage protects you - Liability insurance provides coverage in the event that you are found to be at fault for personal injury or accident damage. It provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
Extra add-on coverages are wasting money - There are many extra coverages you can purchase on your policy. Coverages for vanishing deductibles, better glass coverage and additional equipment coverage may be wasting your money. These may sound like a good investment when talking to your agent, but now you might not need them so eliminate them to save money.
Do you know you're credit rating? - Your credit score is a huge factor in calculating your car insurance rates. If your credit rating is lower than you'd like, you could be paying less to insure your by spending a little time repairing your credit. People with high credit ratings tend to be more responsible than drivers who have poor credit.

How much can you save with discounts?

Car insurance can cost a lot, but discounts can save money and there are some available that you may not even be aware of. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be asked for prior to receiving the credit.

Discount for Good Grades - Getting good grades can save 20 to 25%. This discount can apply until age 25.
Homeowners Discount - Being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
No Charge for an Accident - Certain companies will allow you to have one accident without raising rates if you are claim-free for a certain period of time.
Club Memberships - Belonging to a qualifying organization could trigger savings on your policy.
Low Mileage - Driving fewer miles can earn better rates on cars that stay parked.
Passive Restraints and Air Bags - Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates you could get a free car insurance policy, car insurance companies aren't that generous. Any amount of discount will bring down the amount you have to pay.

For a list of providers offering car insurance discounts in Indiana, click this link.

Additional information can be found on the website for the Indiana Department of Insurance. Click here for link. Consumers can file complaints about a company, report car insurance fraud, learn about insurance regulations, and find out which companies have the most complaints.

Do the work, save more money

You just learned some good ideas how to lower your car insurance rates. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. Drivers may discover the best price on car insurance is with a lesser-known regional company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like .

Cheap car insurance is available from both online companies as well as from independent agents in Wabash, and you need to price shop both so you have a total pricing picture. A few companies don't offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

When trying to cut insurance costs, never reduce needed coverages to save money. There have been many cases where someone sacrificed uninsured motorist or liability limits only to regret that it was a big mistake. Your goal should be to find the BEST coverage for the lowest price, not the least amount of coverage.