Finding lower premiums on Richmond auto insurance can be hard for consumers new to comparison shopping online. You have so many options that it can easily become a real challenge to locate the lowest price in Richmond.
The purpose of this article is to familiarize you with the best way to quote coverages and some tips to save money. If you are paying for car insurance now, you will be able to cut costs considerably using these tips. Kentucky vehicle owners only need to know how to shop for auto insurance on the web.
There are multiple methods to compare auto insurance quotes, but one way is easier and takes less work. You can spend your afternoon talking about coverages with agents in Richmond, or you can utilize online quoting to get rates in a matter of minutes.
Most of the larger companies participate in a marketplace that allows shoppers to send in one quote, and each company then gives them pricing based on that data. This system prevents you from having to do form submissions to each company.
To access this free quoting program, click to open in new window.
The only downside to using this type of system is you are unable to specify the companies you will receive quotes from. If you wish to select from a list of companies to compare, we have a page of low cost auto insurance companies in Kentucky. Click to view list.
It’s up to you how you get prices quotes, just ensure you’re using apples-to-apples deductibles and coverage limits for every company. If you have unequal deductibles or liability limits it will be next to impossible to make an equal comparison in Richmond.
Insurance can be prohibitively expensive, but you may find discounts that many people don’t even know exist. Some trigger automatically at the time of purchase, but a few need to be asked about prior to getting the savings. If they aren’t giving you every credit available, you’re just leaving money on the table.
Consumers should know that most credits do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like you could get a free auto insurance policy, it just doesn’t work that way. Any qualifying discounts will cut your premiums.
Some consumers would rather visit with an insurance agent. Educated insurance agents can help determine the best coverages and help file insurance claims. One of the best bonuses of comparing insurance prices online is you may find the best rates and still choose a local agent. Supporting local businesses is important particularly in Richmond.
Upon completion of this form (opens in new window), the coverage information is immediately sent to local insurance agents who will battle to get your business. You never need to leave your computer as quotes are delivered directly to your email. It doesn’t get any easier!
When finding a good insurance agency, there are two different types of agents to choose from. Insurance agencies in Richmond can either be captive or independent (non-captive). While both can insure your vehicles, but it’s worth learning how they differ because it can influence your agent selection.
These agents do not work for one specific company but rather can write business amongst many companies depending on which coverage is best. To transfer your coverage to a different company, an independent agent can move your coverage and you won’t have to switch agencies. When searching for an agent, it’s recommended you contact multiple independent agents for maximum quote selection. Most have the option of insuring with different regional companies which can save you money.
Below is a short list of independent agencies in Richmond willing to provide rate quotes.
This type of agents can only write with one company such as Allstate, Farmers Insurance or State Farm. They generally cannot shop your coverage around so always compare other rates. These agents are very knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Consumers often buy insurance from these agents primarily because of the brand legacy and the convenience of having a single billing for all their coverages.
Listed below is a list of captive insurance agents in Richmond that are able to give comparison quotes.
For a complete listing of captive agents in Richmond, please view this page.
Selecting an insurance agent should depend on more than just the bottom line cost. Agents should be asked these questions:
Once you have positive responses for all questions you ask and a good coverage price, you have narrowed it down to an insurance agent that can properly service your auto insurance policy.
Consumers need to have an understanding of the different types of things that help determine the price you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that could result in better auto insurance rates.
The following are some of the items companies use to determine premiums.
Consumers can’t ignore all the ads for car insurance savings from companies such as 21st Century, Allstate and State Farm. They all seem to have a common claim that you’ll save big if you move your policy.
How does each company make the same claim? It’s all in the numbers.
All companies have a certain “appetite” for the driver that is profitable for them. For instance, a preferred risk might be profiled as between the ages of 40 and 55, has no driving citations, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and therefore will pay quite a bit less when switching companies.
Potential insureds who don’t meet this ideal profile must pay higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everyone that quotes” save money. That’s why companies can truthfully make those claims.
This illustrates why it’s extremely important to get quotes from several different companies. It is impossible to predict which company will have the lowest rates.
As you prepare to switch companies, do not buy poor coverage just to save money. In many instances, an insured cut uninsured motorist or liability limits and learned later they didn’t have enough coverage. The proper strategy is to find the BEST coverage at an affordable rate.
We just showed you many ideas to get a better price on auto insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the best price on auto insurance is with some of the lesser-known companies.
Cost effective auto insurance can be purchased both online in addition to many Richmond insurance agents, so you should compare both to get a complete price analysis. A few companies do not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.
Much more information about auto insurance in Kentucky is available on the Kentucky Department of Insurance website through this link. Visitors are able to get help finding coverage, find out which companies have the most complaints, view a list of available companies, and read state legal mandates and laws.