Best 9 Ways You Can Buy Car Insurance for Less in Waverly

Paying for high-priced car insurance can dwindle your personal savings and put a big crunch on your finances. Comparison shopping is a smart way to slash your bill and have more diposable income.

Because there are so many companies and agents to choose from, it can be diffult for consumers to find the cheapest insurance company.

More discounts equal less premium

Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not know about. Certain discounts will be applied at quote time, but some must be asked for in order for you to get them.

Payment Method - If you pay your bill all at once instead of making monthly payments you could save up to 5%.
Discount for Life Insurance - Companies who offer life insurance give a break if you buy life insurance.
Accident Waiver - Some insurance companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear for a set time period.
Early Switch Discount - Select companies give a discount for switching to them prior to your current policy expiration. It's a savings of about 10%.
Theft Prevention Discount - Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.
Organization Discounts - Belonging to a professional or civic organization could qualify you for a break when shopping for car insurance.
Claim Free - Drivers who don't have accidents can earn big discounts when compared to accident-prone drivers.
Driver's Ed - Cut your cost by having your teen driver successfully complete driver's ed class if it's offered in school.
Lower Rates for Military - Having a deployed family member may qualify for rate reductions.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like adding up those discounts means a free policy, you won't be that lucky. Any amount of discount will help reduce your premiums.

To choose insurance companies who offer car insurance discounts in Minnesota, follow this link.

Switch companies and save? Really?

Car insurance providers like State Farm, Allstate and GEICO continually stream ads in print and on television. They all say the same thing about savings after switching your coverage to them. But how can every company make the same claim? This is how they do it.

Insurance companies have a preferred profile for the type of customer that makes them money. An example of a driver they prefer could be between the ages of 30 and 50, has no prior claims, and drives newer vehicles. Any new insured who fits that profile will get the preferred rates and therefore will save a lot of money.

Potential insureds who do not match this ideal profile will be quoted more money which usually ends up with business going elsewhere. The ads state "drivers who switch" not "everyone that quotes" save that much money. This is how companies can truthfully claim big savings.

This emphasizes why you should compare many company's rates. It's just too difficult to predict which insurance companies will give you the biggest savings.

It's not one size fits all

When buying proper insurance coverage for your personal vehicles, there really is no "perfect" insurance plan. Every insured's situation is different and a cookie cutter policy won't apply. Here are some questions about coverages that can help discover if you might need an agent's assistance.

Are my tools covered if they get stolen from my vehicle?
What are the financial responsibility laws in Minnesota?
Does my policy cover me when driving someone else's vehicle?
Does my car insurance cover rental cars?
Do I need special endorsements for business use of my vehicle?
Do I qualify for additional discounts?
What companies insure drivers after a DUI or DWI?

If you don't know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Learn more about car insurance in Minnesota

Additional information is available on the website for the Minnesota Department of Commerce. Click here for link. Consumers can view a list of available companies, file complaints about an insurance agent or broker, learn about insurance regulations, and file complaints about a company.

Other informative sites include this page for car insurance prices in Minnesota and this list of insurance agents in Waverly, MN.

Shop smart and save

When trying to cut insurance costs, don't be tempted to buy poor coverage just to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage only to find out that it was a big mistake. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

Cheaper car insurance can be sourced from both online companies as well as from independent agents in Waverly, and you should compare price quotes from both in order to have the best chance of saving money. A few companies don't offer online price quotes and these smaller companies work with independent agents.