Coventry Auto Insurance For Less Than You’re Paying Now

Sick and tired of trying to scrape together enough money to insure your vehicles every month? You are in the same boat as many other Rhode Island drivers. Many insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the cheapest price

If you have a policy now or are shopping for new coverage, you can follow these tips to get lower rates and still get good coverage. Finding affordable coverage in Coventry is easy if you know what you’re doing. Rhode Island drivers just need to understand the proper methods to get comparison quotes online.

Are you getting all your discounts?

Companies do not advertise all their discounts in a way that’s easy to find, so we researched some of the best known and the more hidden ways to save on auto insurance. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

• Save over 55 – If you qualify as a senior citizen, you may receive a discount up to 10%.
• Drive Safe and Save – Insureds without accidents can pay as much as 50% less than their less cautious counterparts.
• Save with a New Car – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
• Drivers Education – Require your teen driver to enroll in driver’s education in school.
• Accident Free – Drivers who don’t have accidents can earn big discounts as compared to drivers who are more careless.
• Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
• Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.

It’s important to understand that some of the credits will not apply the the whole policy. Most only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, it doesn’t quite work that way.

Understand what determines the rate you pay

It’s important that you understand the different types of things that play a part in calculating auto insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to lower auto insurance prices.

Shown below are some of the factors that factor into prices.

• Higher deductibles cost less – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply are running into the backend of another car, damage caused by hail, and rolling your vehicle. Your deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The more you are required to pay out-of-pocket, the bigger discount you will receive.
• Don’t let your coverage lapse – Driving your car without having proper coverage is against the law and auto insurance companies will penalize you for letting your coverage lapse. And not only will your rates increase, but not being able to provide proof of insurance will get you a hefty fine and possibly a revoked license.
• Do you have a high stress job? – Did you know your occupation can influence how much you pay for auto insurance? Jobs such as real estate brokers, architects and dentists have the highest average rates due to job stress and lengthy work days. Other professions such as pilots, historians and performers get better rates.
• An active claims history can cost you – If you frequently file small claims, you can expect either policy cancellation or increased premiums. Companies in Rhode Island generally give discounts to insureds who do not file claims often. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
• Where you live – Being located in small towns and rural areas has it’s advantages when it comes to auto insurance. City drivers tend to have congested traffic and longer commutes to work. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
• Safer occupants lowers premiums – Vehicles with good safety scores can get you lower premiums. Safer cars protect occupants better and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders.

How can GEICO, State Farm and Progressive save drivers who switch?

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to make the same claim that you’ll save big after switching your policy.

How can each company make the same claim? This is how they do it.

Different companies can use profiling for the type of customer that is profitable for them. An example of a desirable insured could be a mature driver, a clean driving record, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” will get very good rates and is almost guaranteed to save quite a bit of money when switching.

Potential customers who don’t qualify for this ideal profile will be quoted higher rates and ends up with business not being written. The ads state “customers who switch” but not “drivers who get quotes” save that kind of money. This is how companies can advertise the savings. This emphasizes why it’s extremely important to quote coverage with many companies. It’s not possible to predict the company that will have the lowest rates.

Additional detailed information is available at the Rhode Island Division of Insurance Regulation website. Rhode Island consumers can report car insurance fraud, learn about specific coverages, find out industry alerts, and find a variety of consumer forms.

Quote often and quote early

As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped full coverage and discovered at claim time they didn’t have enough coverage. The aim is to get the best coverage possible for the lowest price, not the least amount of coverage.

Budget-conscious auto insurance is available on the web and with local Coventry insurance agents, so compare prices from both to have the best chance of lowering rates. Some insurance providers do not offer you the ability to get quotes online and these regional insurance providers work with independent agents.