Find Consumer Tested Strategies to Save on Midwest City Auto Insurance

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Trust us when we tell you you are not the only one feeling buyer’s remorse.

Big companies like GEICO, 21st Century and Progressive promote their brand names with ads and it is challenging if not impossible to see through the cute green geckos and mayhem and find the best price available.

How to Lower your Auto Insurance Rates

An important part of buying insurance is that you know the different types of things that go into determining the price you pay for auto insurance. Understanding what influences your rates helps enable you to make changes that will entitle you to lower auto insurance prices.

  • Do you know your deductibles? – Your deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some instances where coverage would apply would be running into the backend of another car, vandalism, or theft. The more you are required to pay out-of-pocket, the bigger discount you will receive.
  • Your age impacts your rates – Older drivers tend to be more responsible, tend to file fewer claims and get fewer tickets. Young drivers are statistically proven to be careless and easily distracted behind the wheel therefore auto insurance rates are much higher.
  • Performance makes a difference – The type of car you drive makes a substantial difference in how high your rates are. Small economy passenger cars receive the most favorable rates, but other factors influence the final cost greatly.
  • Multi-policy discounts can save money – Most companies will award you with lower prices to customers who consolidate policies with them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount, it’s in your best interest to compare other company rates to verify if the discount is saving money. You may still be able to find better rates by splitting coverages up.
  • Your auto insurance rates can be influenced by your job – Occupations like judges, executives and dentists tend to have the highest average rates attributed to high stress levels and long work hours. Other occupations like actors, historians and retirees receive lower rates.

Discounts can save BIG

Companies that sell car insurance do not list every discount very clearly, so we took the time to find some of the best known and the harder-to-find auto insurance savings.

  • Homeowners Discount – Owning a home in Midwest City may trigger a auto insurance policy discount because maintaining a house demonstrates responsibility.
  • Senior Citizens – Mature drivers can possibly qualify for better auto insurance rates.
  • Discount for Good Grades – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Discount for New Cars – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
  • Service Members Pay Less – Having a family member in the military could mean lower rates.
  • Sign Online – Some insurance companies will give a small break just for signing your application on their website.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and earn discounts up to 10%.

It’s important to note that most discount credits are not given to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you could get a free auto insurance policy, it just doesn’t work that way.

For a list of providers offering auto insurance discounts in Oklahoma, follow this link.Midwest City OK insurance ad

How can Allstate, GEICO and Progressive save drivers who switch?

Auto insurance providers like Allstate, GEICO and Progressive continually stream ads on television and other media. They all have a common claim of big savings after switching your coverage to them. How does each company claim to save you money? This is how they do it.

All companies are able to cherry pick for the type of customer that earns them a profit. A good example of a driver they prefer could possibly be between 25 and 40, has no driving citations, and has a high credit rating. A driver who fits that profile is entitled to the best price and as a result will probably save when they switch companies.

Consumers who don’t measure up to the “perfect” profile will be quoted more money and ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can advertise the savings. This emphasizes why you should compare as many rates as you can. You cannot predict the company that will fit your personal profile best.

Will just any policy work for me?

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. These are some specific questions might point out if your situation might need professional guidance.

  • Does my car insurance cover rental cars?
  • Can I afford to pay high deductible claims out of pocket?
  • What are the financial responsibility laws in Oklahoma?
  • Do I have coverage when using my vehicle for my home business?
  • Why does it cost so much to insure a teen driver in Midwest City?
  • How do I file an SR-22 for a DUI in Oklahoma?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

More detailed Oklahoma auto insurance information is located at the Oklahoma Insurance Department website. Oklahoma drivers can view a list of available companies, view agent and company licensing information, and find disaster information.

Better coverage you can count on

You just learned many tips how you can get a better price on auto insurance. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest priced auto insurance comes from a small local company. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Allstate or State Farm.

As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. Too many times, an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. The aim is to find the BEST coverage at a price you can afford, not the least amount of coverage.