Is Your Hollywood, FL Car Insurance Costing Too Much?

Scraping up a payment for overpriced car insurance can take a big chunk out of your bank account and put the squeeze on your family’s finances. Shopping your coverage around is free and is an excellent way to help make ends meet.

With consumers having so many companies and agents to choose from, it can be diffult for consumers to find the cheapest company.

It’s a great practice to get comparison quotes every six months because rates are adjusted regularly by insurance companies. Even if you think you had the lowest price two years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about car insurance on the internet, so we’re going to give you some proven techniques to save money.

Buying car insurance in Hollywood is not rocket science. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these techniques. But Florida consumers must understand how the larger insurance companies price insurance differently and apply this information to your search.

Free Hollywood Car Insurance Quotes

Most companies such as 21st Century, Allstate and State Farm allow you to get coverage prices directly from their websites. Obtaining pricing is quite simple as you simply type in your required coverages into a form. Once you submit the form, the company’s rating system gets credit information and your driving record and generates a price. Online price quotes streamlines rate comparisons, but the time it takes to visit several different sites and enter the same data into a form can be a bit repetitive. But it’s absolutely necessary to get many rate quotes if you are searching for better prices.

The quickest way to compare rates uses one simple form that analyzes rates from several different companies. It saves time, eliminates form submissions, and makes rate comparisons much easier. After sending the form, it is rated and you can choose your choice of the quotes returned. If you find a better price it’s easy to complete the application and purchase the new policy. This process takes less than 15 minutes and can result in significant savings.

To save time and compare pricing, click here to open in a new tab and input your coverage information. If you have coverage now, it’s recommended you duplicate the limits and deductibles as close as possible to your current policy. This ensures you are getting comparison quotes based on the exact same insurance coverage.<img class="alignright" style="padding-top:15px;" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/ci175-31.jpg" alt="Florida car insurance quote”/>

Car insurance myths debunked

Car insurance providers like 21st Century, Allstate and State Farm consistently run television and radio advertisements. They all have a common claim that you’ll save big if you change your policy. How do they all say the same thing?

All the different companies can use profiling for the type of customer that earns them a profit. A good example of a desirable insured might be profiled as a mature driver, owns a home, and has a short commute. A customer that hits that “sweet spot” will qualify for the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t measure up to this ideal profile must pay a higher premium and this can result in the driver buying from a lower-cost company. The ads say “drivers who switch” not “people who quote” save money. That’s why insurance companies can confidently advertise the savings. This illustrates why you need to get quotes from several different companies. You cannot predict which company will provide you with the cheapest rates.

Components of your insurance rates

An important part of buying insurance is that you know the factors that go into determining the price you pay for car insurance. When you know what positively or negatively determines base rates allows you to make educated decisions that could result in big savings.

Listed below are a partial list of the pieces companies use to determine premiums.

Don’t buy coverages you don’t need – There are quite a few add-on coverages you can purchase if you aren’t careful. Coverages for vanishing deductibles, better glass coverage and additional equipment coverage may be wasting your money. They may seem good initially, but now you might not need them so eliminate them to save money.
Women pay lower rates – Statistics demonstrate that men are more aggressive behind the wheel. Now that doesn’t mean men are worse drivers. Men and women have accidents at about the same rate, but men tend to have more serious accidents. Men also have more aggressive citations like DUI and reckless driving.
Do you qualify for a multi-policy discount? – The majority of insurers give discounts to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to shop around to confirm you are receiving the best rates possible.
Where you live can impact rates – Being located in a rural area is a positive aspect when insuring your vehicles. Less people living in that area translates into fewer accidents and a lower car theft rate. Drivers who live in large Florida cities regularly have more traffic problems and much longer commute distances. Higher commute times can result in more accidents.
How’s your driving record? – Even a single moving violation can boost insurance rates by twenty percent. Careful drivers get better rates than their less careful counterparts. Drivers who get dangerous violations like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
Marriage pays dividends – Having a wife or husband actually saves money on your policy. It translates into being more mature than a single person and it’s proven that married couples file fewer claims.

Discounts are available to cut your rates

Auto insurance companies don’t list all available discounts in an easy-to-find place, so we took the time to find both well-publicized and the harder-to-find discounts you could be receiving.

College Student – Children who live away from home without a vehicle on campus can be insured at a reduced rate.
Anti-theft Discount – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
No Claims – Drivers with accident-free driving histories pay much less when compared with frequent claim filers.
Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you could save up to 5%.
Multiple Vehicles – Insuring multiple vehicles on one policy can get a discount on all vehicles.
Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can get savings of more than 20%.

Consumers should know that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as comp or med pay. So when the math indicates you could get a free car insurance policy, companies don’t profit that way.

One last thing

We just showed you a lot of tips how to shop for car insurance online. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. You may even discover the lowest priced car insurance comes from some of the lesser-known companies. They may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm and Allstate.

When you buy insurance online, never buy less coverage just to save a little money. There have been many cases where someone sacrificed liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to find the BEST coverage at a price you can afford while still protecting your assets.

Cheap car insurance is attainable both online and also from your neighborhood Hollywood agents, so you should be comparing quotes from both to have the best selection. Some insurance companies may not provide online price quotes and these small, regional companies work with independent agents.

Additional consumer information websites

Additional detailed information is available at the Florida Office of Insurance Regulation website. Florida drivers can learn about specific coverages, find disaster information, and find out industry alerts.