Tightwads Guide to Saving on Waterford Auto Insurance

Overpriced auto insurance can empty your savings account and put a big crunch on your finances. Shopping your coverage around is free and is an excellent way to help make ends meet.

Having so many insurance companies to choose from, it can be challenging to find the cheapest provider.

Waterford Rates are Influenced by These Factors

Consumers need to have an understanding of the rating factors that help determine auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that could result in lower auto insurance prices.

  • Policy add-ons can waste money - There are a ton of add-on coverages that you can get tricked into buying if you aren't careful. Things like vanishing deductibles, accidental death and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but if they're wasting money remove them from your policy.
  • With age comes lower rates - Teenage drivers in Wisconsin are known to get distracted easily when driving so auto insurance rates are higher. Adding a teenage driver to your auto insurance policy can break the bank. More mature drivers are more responsible, tend to file fewer claims and are safer drivers.
  • Women pay lower rates - Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men have accidents at a similar rate, but the male of the species have costlier accidents. Men also tend to have more aggressive citations like reckless driving and DUI. Young males are most likely to cause an accident and are penalized with high auto insurance rates.
  • Credit scores impact auto insurance rates - A driver's credit history is a important factor in determining what you pay for auto insurance. If your credit is not that good, you could save money insuring your by improving your rating. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with lower credit scores.
  • Equipment add-ons that lower auto insurance rates - Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.

auto insurance in Waterford

How much can you save with discounts?

Insurance can be prohibitively expensive, but you can get discounts that you may not know about. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be requested specifically prior to getting the savings.

  • Driver Safety - Completing a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Student in College - Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Accident Waiver - Some insurance companies will forgive one accident before hitting you with a surcharge so long as you haven't had any claims prior to the accident.
  • Passive Restraint Discount - Vehicles equipped with air bags or automatic seat belts can receive discounts up to 30%.
  • Payment Method - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.

Keep in mind that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as liability and collision coverage. So when it seems like it's possible to get free car insurance, it just doesn't work that way. But any discount will help reduce the amount you have to pay.

To choose insurers who offer auto insurance discounts in Wisconsin, click this link.

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

21st Century, Allstate and State Farm continually stream television and radio advertisements. All the companies make the same claim that you can save after switching to their company. But how can every company say the same thing?

All companies have a preferred profile for the driver that makes them money. A good example of a profitable customer might be profiled as between the ages of 40 and 55, insures multiple vehicles, and has a high credit rating. A propective insured who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.

Potential customers who don't meet this ideal profile must pay a more expensive rate which leads to business not being written. The ads say "customers that switch" but not "drivers who get quotes" save that much. This is how insurance companies can state the savings.

This illustrates why you should get quotes from several different companies. It's not possible to predict which insurance companies will have the lowest rates.

How much car insurance do I need?

When buying coverage for your personal vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions may help you determine if your insurance needs will benefit from professional help.

  • Should I rate my vehicle as pleasure use or commute?
  • Why does it cost so much to insure a teen driver in Waterford?
  • Does my policy cover me when driving someone else's vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • What can I do if my company won't pay a claim?
  • Should I buy additional glass protection?
  • Is rental equipment covered for theft or damage?
  • Is my dog or cat covered if injured in an accident?

If it's difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don't have a local agent, complete this form or go to this page to view a list of companies.

More information can be read on the website for the Wisconsin Office of the Commissioner of Insurance located here. Wisconsin drivers can discover disciplinary actions, read enforcement actions against agents and companies, learn about insurance regulations, and find out industry alerts.

Other informative sites include this resource for Wisconsin auto insurance prices and this link which helps you find a Waterford agent.

Waterford auto insurance comparison

Affordable insurance is out there

Affordable auto insurance can be sourced on the web and also from your neighborhood Waterford agents, so you should be comparing quotes from both to have the best rate selection. Some insurance companies may not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you restructure your insurance plan, don't be tempted to buy poor coverage just to save money. There are a lot of situations where drivers have reduced collision coverage and discovered at claim time that they should have had better coverage. The proper strategy is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

In this article, we covered some good ideas how to save on auto insurance. The most important thing to understand is the more companies you get rates for, the higher your chance of finding lower rates. Consumers could even find that the lowest priced auto insurance comes from the least-expected company. Some small companies can often insure niche markets at a lower cost compared to the large companies like .