Car Insurance in Wabasso - 8 Discounts You Might be Unaware of

Are you sick and tired of paying out the nose each month for car insurance? You're in the same situation as many other drivers in Minnesota.

Because you have many choices of insurance companies, it is hard for the average consumer to find the best insurer.

It's important to compare rates before your policy renews since rates are constantly changing. Even if you got the lowest rates two years ago you can probably find a better price now. So forget all the misinformation about car insurance because we're going to show you the tricks you need to know to properly buy coverages and cut your premium.

Minnesota car insurance

These eight discounts can lower your rates

Companies offering auto insurance don't always advertise every available discount very well, so we break down some of the more common and the harder-to-find savings tricks you should be using.

  • Passive Restraints and Air Bags - Vehicles with factory air bags can receive discounts up to 30%.
  • Employee of Federal Government - Employees or retirees of the government can save as much as 8% with certain companies.
  • Anti-lock Brake System - Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Early Signing - Select companies give a discount for switching to them prior to your current policy expiration. This can save 10% or more.
  • Life Insurance - Some companies give a break if you buy a life insurance policy as well.
  • Low Mileage - Driving fewer miles can earn discounted rates on garaged vehicles.
  • Service Members Pay Less - Being on active duty in the military could mean lower rates.
  • Anti-theft Discount - Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.

It's important to note that most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like medical payments or collision. Just because you may think all the discounts add up to a free policy, you're out of luck.

To choose providers offering car insurance discounts in Minnesota, click here to view.

Are you falling for claims of savings?

Companies like State Farm and Allstate constantly bombard you with ads on television and other media. All the ads make an identical promise that you can save if you switch to their company. But how can every company make the same claim? This is how they do it.

All companies can use profiling for the driver that makes them money. For example, a preferred risk could be between the ages of 30 and 50, is a homeowner, and chooses high deductibles. Any new insured who meets those qualifications gets the lowest rates and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile will be charged more money and ends up with business going elsewhere. The ads say "drivers who switch" not "everybody who quotes" save that much. That's why insurance companies can state the savings. That is why you should get a wide range of price quotes. It's just too difficult to predict the company that will give you the biggest savings.

Learn more today

Additional detailed information can be found at the Minnesota Department of Commerce website. Consumers can find out industry alerts, download brochures, file complaints about a company, and file complaints about an insurance agent or broker.

Other informative sites include NAIC.org's Understanding your Policy and this directory of Wabasso insurance agents.

Final considerations

You just learned some good ideas how you can save on car insurance. The key thing to remember is the more you quote, the higher the chance of saving money. You may even discover the lowest rates come from a lesser-known regional company. Some small companies often have lower prices on specific markets than the large multi-state companies such as .

When buying insurance coverage, don't be tempted to buy poor coverage just to save money. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.