Buy Florence, SC Auto Insurance Like a Scrooge

Finding affordable Florence auto insurance can seem to be hard for consumers new to shopping for insurance online. People have so many choices that it can turn into a real hassle to find lower rates in Florence.

You should take the time to compare rates at least once a year since rates trend upward over time. Even if you got the best rates last year a different company probably has better rates today. There is a lot of bad advice regarding auto insurance on the internet, so I’m going to show you some proven techniques to buy auto insurance cheaper.

Informed Drivers can Cut Their Rates

Consumers need to have an understanding of the different types of things that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what determines base rates allows you to make educated decisions that could result in much lower annual insurance costs.

  • More claims means more premium – If you file claims often, you can look forward to either higher rates or even cancellation. Companies in South Carolina give better rates to policyholders who file claims infrequently. Car insurance is intended for larger claims.
  • Higher deductibles cost less – Deductibles for physical damage represent how much money you are willing to pay in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims would be colliding with a building, collision with an animal, or theft. The higher the amount you’re willing to pay, the lower your rates will be.
  • Policy add-ons can waste money – There are quite a few add-on coverages you can purchase on your policy. Coverages for personal injury protection, better glass coverage and term life insurance may be costing you every month. They may seem like a good idea at first, but if they’re wasting money eliminate them to save money.
  • More performance means more cost – The performance level of the car you are insuring makes a huge difference in how high your rates are. The most favorable rates are usually for low performance passenger models, but other factors influence the final cost greatly.
  • Do you know you’re credit rating? – A driver’s credit score is a important factor in your rate calculation. Consumers who have high credit scores tend to be less risk to insure than drivers who have lower credit scores. If your credit score is low, you could potentially save money when insuring your by improving your credit score.
  • Don’t skimp on liability – The liability section of your policy is the protection if a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores are cheaper to insure. Safer cars result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates.

Don’t pay full price with these discounts

The price of auto insurance can be rather high, but companies offer discounts to help bring down the price. Some discounts apply automatically at the time you complete a quote, but some must be asked for before you will receive the discount. If you’re not getting every credit possible, you’re just leaving money on the table.

  • Student in College – Kids in college living away from home attending college and don’t have a car can receive lower rates.
  • Accident Waiver – Certain companies will forgive one accident without raising rates if your claims history is clear prior to the accident.
  • Air Bag Discount – Vehicles equipped with air bags can qualify for discounts of up to 25% or more.
  • No Accidents – Good drivers with no accidents can save substantially when compared with drivers who are more careless.
  • Paperless Signup – A handful of insurance companies will give a small break for buying a policy and signing up online.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Clubs and Organizations – Belonging to a civic or occupational organization could trigger savings on auto insurance.
  • Low Mileage – Low mileage vehicles can earn lower rates on the low mileage vehicles.

Drivers should understand that many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous. But any discount will help reduce your premiums.

To see a list of companies with the best auto insurance discounts in South Carolina, click money in Florence

Save $430 a year. For real?

Consumers in South Carolina can’t ignore all the ads for the lowest price auto insurance by State Farm and Allstate. All the ads have a common claim that you can save if you move to their company.

How can each company claim to save you money? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. A good example of a preferred risk might be profiled as over the age of 40, has no prior claims, and has a short commute. A propective insured who meets those qualifications is entitled to the best price and therefore will cut their rates substantially.

Consumers who don’t qualify for the requirements must pay higher rates and ends up with the customer not buying. The ads state “drivers who switch” not “people who quote” save money. That is how insurance companies can confidently advertise the savings.

This illustrates why you need to compare many company’s rates. Because you never know which company will provide you with the cheapest rates.

Much more information about auto insurance in South Carolina is available on the South Carolina Department of Insurance website found here. Visitors are able to get help finding coverage, find disaster information, and file complaints about a company.

The articles below may also help you learn more about auto insurance in Florence

Car insurance in Florence

More quotes mean more savings

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, an insured dropped collision coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to get the best coverage possible at the best price while still protecting your assets.

You just learned some good ideas how to save on auto insurance. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers may even find the lowest premiums are with a smaller regional carrier.

Budget-conscious auto insurance is attainable on the web and with local Florence insurance agents, so compare prices from both to have the best chance of lowering rates. Some insurance providers do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.