Easy Ways to Save Money on Wells Auto Insurance

Shopping online for Wells auto insurance is challenging if you have never used online rate quotes. But don't be discouraged because we're going to show you how.

It's important to compare prices periodically since insurance rates are constantly changing. Just because you found the best rates two years ago you can probably find a better price now. There is too much inaccurate information about auto insurance online, so I'm going to show you some great ways to quit paying high auto insurance rates.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of the factors that play a part in calculating auto insurance rates. Knowing what influences your rates empowers consumers to make smart changes that may reward you with better auto insurance rates.

With age comes lower rates - Teenage drivers in Minnesota have a tendency to be more careless behind the wheel so they pay higher auto insurance rates. Adding a teenage driver onto a policy can really hurt. Older drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
A clean driving record saves money - Just one ticket can bump up the cost twenty percent or more. Drivers who don't get tickets get better rates than their less careful counterparts. Drivers who have dangerous citations such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
What are your deductibles? - Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims are collision with another vehicle, collision with an animal, and burglary. The deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The more expense you have to pay, the lower your rates will be.
Males pay more for insurance - Statistics show that women are safer drivers than men. Now that doesn't mean women are BETTER drivers than men. Men and women cause accidents at a similar rate, but the males tend to have more serious accidents. They also get more serious tickets like reckless driving and DUI.

More discounts equal less premium

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. Some discounts apply automatically at quote time, but some may not be applied and must be specially asked for in order for you to get them. If you're not getting every credit you qualify for, you are paying more than you should be.

New Vehicle Savings - Insuring a new car can cost up to 25% less compared to insuring an older model.
Good Student - This discount can save 20 to 25%. The good student discount can last up until you turn 25.
Multiple Cars - Having all your vehicles with the same company can get a discount on all vehicles.
Senior Discount - If you're over the age of 55, you may receive a small decrease in premiums.
Claim Free - Good drivers with no accidents pay less as compared to accident-prone drivers.

Keep in mind that some credits don't apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like you would end up receiving a 100% discount, it just doesn't work that way. But any discount will bring down your premiums.

To choose companies with discount auto insurance rates in Minnesota, click here.

Switch companies and save? Really?

Minnesota drivers can't ignore all the ads for cheaper car insurance from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you can save if you change your coverage to them.

How does each company say the same thing? It's all in the numbers.

Different companies have a certain "appetite" for the type of customer that makes them money. A good example of a desirable insured might be profiled as over the age of 50, a clean driving record, and chooses high deductibles. A propective insured that hits that "sweet spot" receives the best rates and therefore will save when switching.

Potential insureds who do not match these standards will have to pay more money and this can result in business not being written. Company advertisements say "customers who switch" not "everyone that quotes" save that much money. That is how insurance companies can state the savings.

Because of the profiling, you should get a wide range of price quotes. It's not possible to predict which company will give you the biggest savings.

It's not one size fits all

When buying coverage for your vehicles, there isn't really a single plan that fits everyone. Every situation is different.

Here are some questions about coverages that may help highlight if you may require specific advice.

Should I file a claim if it's only slightly more than my deductible?
Why am I required to buy high-risk coverage?
Can I afford to buy a different vehicle if my vehicle is totaled?
Should I put collision coverage on all my vehicles?
Will I be non-renewed for getting a DUI or other conviction?
Can I rate high risk drivers on liability-only vehicles?

If you can't answer these questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form. It is quick, free and you can get the answers you need.

More information can be read on the Minnesota Department of Commerce website found here. Minnesota drivers can read enforcement actions against agents and companies, file complaints about a company, and report car insurance fraud.

A tidy conclusion

When buying insurance coverage, it's very important that you do not buy poor coverage just to save money. There are many occasions where someone dropped full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at the best price.

Throughout this article, we presented a lot of ways to save on auto insurance. It's most important to understand that the more times you quote, the better your comparison will be. You may even discover the biggest savings come from some of the smallest insurance companies.

Affordable auto insurance can be sourced on the web as well as from independent agents in Wells, and you should be comparing both in order to have the best chance of saving money. Some insurance companies don't offer online price quotes and most of the time these small insurance companies sell through independent agents.