How to Know You’re Throwing Money Away for Auto Insurance in Madisonville

Are you sick and tired of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as millions of other consumers. Insurance companies such as Allstate, Liberty Mutual and State Farm constantly bombard you with advertising and it can be hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

You should take the time to price shop coverage quite often because prices change regularly. Even if you got the lowest rates two years ago you will most likely find a better rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the fastest and easiest way to get good coverage at a lower rate.

Don’t pay full price with these discounts

Insurance can cost an arm and a leg, buy you may qualify for discounts to cut the cost considerably. Most are applied when you quote, but a few need to be asked for in order for you to get them. If you don’t get every credit you deserve, you are paying more than you should be.

  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Government Employees – Employees or retirees of the government can earn a discount up to 10% with a few auto insurance companies.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Defensive Driving Course – Taking part in a driver safety course could possibly earn you a 5% discount if your company offers it.
  • Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
  • Senior Discount – If you’re over the age of 55, you may receive a discount up to 10%.
  • New Vehicle Savings – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Discount for Swiching Early – Select companies give a discount for switching policies before your current policy expires. The savings is around 10%.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use a seat belt could cut 10% or more off the personal injury premium cost.

It’s important to note that most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, you’re out of luck. But any discount will help reduce your overall premium however.

To see a list of insurers with discount auto insurance rates in Kentucky, click here.Madisonville car insurance prices

Ads can be misleading

Consumers in Kentucky can’t get away from ads that promise big savings from the likes of Allstate and Progressive. They all seem to say the same thing of big savings if you switch your coverage to them.

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

All companies are able to cherry pick for the type of driver they prefer to insure. A good example of a driver they prefer might be profiled as over the age of 40, is a homeowner, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” will get the preferred rates and most likely will save quite a bit of money when switching.

Potential customers who don’t qualify for this ideal profile will be quoted more money which usually ends up with the customer not buying. The ads say “customers who switch” not “everybody who quotes” save that much. This is how insurance companies can confidently make those claims.

This emphasizes why drivers should quote coverage with many companies. Because you never know which insurance companies will have the lowest rates.

Madisonville car insurance prices

More information about auto insurance

Additional information is located on the website for the Kentucky Department of Insurance. Click here for link. Kentucky drivers can get help finding coverage, find out which companies have the most complaints, view a list of available companies, and find disaster information.

Better coverage you can count on

Budget-conscious auto insurance is attainable online as well as from independent agents in Madisonville, so you should compare both in order to have the best chance of saving money. There are still a few companies who don’t offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

In this article, we covered many ways to compare auto insurance prices online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even find the most savings is with the least-expected company. They may often insure only within specific states and give getter rates as compared to the big name companies such as GEICO and State Farm.