Paying for high-priced car insurance can empty your checking account, especially in this economy. Doing a price comparison is a great way to slash your bill and have more diposable income.
Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates to get the lowest price
An important part of buying insurance is that you know the factors that go into determining car insurance rates. Knowing what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.
There are several ways of comparing price quotes from different in Kodiak, AKinsurance companies. The recommended way to find the lowest rates is to perform an online rate comparison. This is very easy and can be done in a couple of different ways.
The best way consumers can analyze rates is to use a rate comparison form like this one (opens in new window). This method prevents you from having to do separate quote forms to each individual car insurance company. Completing one form will get you rate comparisons from many national carriers.
A slightly less efficient method to shop for car insurance online requires visiting each company’s website to request a price quote. For examples sake, let’s assume you want to compare rates from GEICO, 21st Century and GMAC. You would have to visit each site to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in Kodiak, click here.
The hardest way of getting rate comparisons is to spend your day driving to and from local Kodiak insurance agencies. Shopping for car insurance online can eliminate the need for a local agent unless you have a need for the trained guidance that only a license agent can provide. It is possible to price shop online and get advice from an agent in your area and we’ll talk about that later.
Whichever method you choose, ensure you are comparing the exact same coverage limits and deductibles on every quote. If you are comparing higher or lower deductibles it will be very difficult to find the best deal in Kodiak. Slightly different coverages can mean a large discrepancy in price. And when quoting car insurance, remember that having more price comparisons will increase your chances of finding lower pricing.
GEICO, State Farm and Progressive consistently run ads in print and on television. All the companies have a common claim that you can save if you change your coverage to them. But how can every company claim to save you money?
Insurance companies can use profiling for the driver they prefer to insure. For example, a profitable customer could possibly be a mature driver, has no tickets, and has excellent credit. A driver that hits that “sweet spot” will get the preferred rates and is almost guaranteed to save when switching.
Potential customers who don’t measure up to these standards will be quoted a higher premium and this can result in business not being written. The ads say “customers that switch” not “people who quote” save money. This is how companies can truthfully advertise the savings.
This emphasizes why you should get as many comparisons as possible. It’s just too difficult to predict which company will give you the biggest savings.
Car insurance is not cheap, but companies offer discounts to cut the cost considerably. Most are applied at the time you complete a quote, but a few need to be manually applied before being credited.
Keep in mind that most discount credits are not given to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way. But any discount will cut the cost of coverage.
For a list of providers with discount car insurance rates in Kodiak, click here to view.
A small number of people would prefer to talk to a local agent. One of the best bonuses of price shopping on the web is you may find the best rates but still work with a licensed agent. And providing support for local businesses is definitely important in Kodiak.
After completing this form (opens in new window), your insurance data is submitted to local insurance agents who will battle for your business. You never need to leave your house since price quotes are sent straight to your inbox. Now that’s easy! You can find the lowest rates and work with a local agent.
If you wish to view licensed agents in Kodiak, simply jump to this page.
Deciding on a company requires more thought than just a low price. Any agent should be forthright in answering these questions:
Once you have acceptable answers as well as a affordable price, you’ve probably found a company that can adequately provide car insurance.
Additional car insurance information can be read on the website for the Alaska Division of Insurance. Click here for link. Visitors are able to read state legal mandates and laws, view a list of available companies, view agent and company licensing information, and file complaints about an insurance agent or broker.
When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. In many instances, drivers have reduced liability limits or collision coverage to discover at claim time that it was a big error on their part. Your goal should be to buy enough coverage for the lowest price while still protecting your assets.
We covered many ideas to lower your car insurance rates. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even discover the lowest premiums are with an unexpected company. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.