Is Your Murray, KY Car Insurance Too High? Here is How to Save Money

Finding cheap Murray car insurance on the internet may be rather challenging for beginners to buying insurance on the web. With a ridiculous number of online companies available, how can anyone have a chance to compare every one to find the best available price?

Smart consumers take time to do rate comparisons every six months since insurance rates tend to go up over time. Just because you found the best rates last year the chances are good that you can find a lower rate today. So just ignore everything you know about car insurance because it’s time to teach you how to use the internet to lower your annual insurance bill.

Finding the best rates in Murray is not rocket science. If you are paying for car insurance now, you will be able to cut costs considerably using this information. But Kentucky drivers do need to understand how insurance companies market on the web and apply this information to your search.

Discounts can save BIG

Companies don’t always list all their discounts very well, so here is a list both well-publicized and also the lesser-known ways to save on car insurance.

  • Paperwork-free – A handful of insurance companies may give you up to $50 simply for signing over the internet.
  • Military Rewards – Having a family member in the military can result in better rates.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
  • Air Bag Discount – Cars that have air bags or automatic seat belts may earn rate discounts up to 30%.
  • Fewer Miles Equal More Savings – Fewer annual miles can earn better rates on cars that stay parked.
  • Clubs and Organizations – Participating in a qualifying organization could qualify you for a break when shopping for car insurance.
  • Life Insurance – Larger companies have better rates if you take out life insurance.
  • No Charge for an Accident – A handful of insurance companies permit an accident without raising rates if you are claim-free prior to the accident.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce individual premiums such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way.

To choose companies with the best car insurance discounts in Murray, follow this link.

How insurance companies determine rates

Consumers need to have an understanding of the factors that go into determining your car insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that will entitle you to better car insurance rates.

Listed below are some of the items used by your company to calculate prices.

  • Little extras can really add up – There are a lot of extra bells and whistles that you can get tricked into buying on your policy. Things like rental car reimbursement, accidental death and additional equipment coverage may be costing you every month. These may sound like a good investment at first, but now you might not need them so remove them from your policy.
  • Men pay higher rates – The statistics show that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. Women and men tend to get into accidents in similar numbers, but men tend to have more serious accidents. Men also have more aggressive citations such as reckless driving.
  • Pleasure use saves money – Driving more miles every year the higher your rate. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars that are left in the garage can get a lower rate compared to those used for work or business. Verify your car insurance coverage is showing the proper vehicle usage, because it can save money.
  • Type of vehicle determines base rates – The performance level of the car you are insuring makes a substantial difference in your rates. Low performance passenger models generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.
  • Liability insurance protects assets – The liability section of your policy provides coverage in the event that a jury decides you are liable for causing damage or personal injury in an accident. Liability provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Marriage pays dividends – Getting married can get you a discount on your car insurance policy. Having a spouse translates into being more responsible and it’s statistically proven that being married results in fewer claims.

Do I just need basic coverages?

When it comes to choosing proper insurance coverage, there isn’t really a cookie cutter policy. Each situation is unique.

For instance, these questions may help you determine whether your personal situation will benefit from professional help.

  • Am I covered when driving someone else’s vehicle?
  • Does my liability insurance cover pulling a trailer or camper?
  • Does my insurance cover a custom paint job?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What are the financial responsibility laws in Kentucky?
  • What companies insure drivers after a DUI or DWI?
  • How can I get high-risk coverage after a DUI?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.

Buying car insurance locally

Some consumers would prefer to buy from a local agent. One of the great benefits of price shopping on the web is that you can obtain better rates but still work with a licensed agent.

To find an agent, once you fill out this quick form, your information is instantly submitted to participating agents in Murray who will return price quotes to get your business. There is no need to drive around because quoted prices will be sent immediately to your email address. Now that’s easy! You can find the lowest rates and an insurance agent to talk to.

Deciding on an provider needs to be determined by more than just a low price. Here are some questions to ask:

  • If you are a high risk driver, do they have special markets for your coverage?
  • Do they assist clients in filing claims?
  • Are claims handled at the agent’s location?
  • Is the agent and/or agency licensed to do business in Kentucky?
  • Is working in the agency their full-time job?
  • Which members of your family are coverage by the policy?
  • Does the company allow you to choose your own collision repair facility?

Do you need an independent or captive insurance agent?

When searching for a reputable insurance agent or broker, you must know there are a couple different types of agents from which to choose. Insurance agencies in Murray are either captive or independent.

Captive Insurance Agents

These agents can only place business with one company and examples are Liberty Mutual, Allstate, Farmers Insurance or State Farm. These agents are unable to provide prices from multiple companies so they have no alternatives for high prices. Captive agents are well schooled on their products and sales techniques and that can be a competitive advantage. Consumers sometimes buy from captive agents mostly because of the brand legacy and the convenience of having a single billing for all their coverages.

Shown below is a short list of captive insurance agents in Murray who can help you get price quotes.

  • Farm Bureau Insurance – 1702 State Route 121 Byp N – Murray, KY 42071 – (270) 753-4703
  • State Farm Insurance – 302 Main St – Murray, KY 42071 – (270) 753-9935
  • Allstate Insurance – 1406 N 12th St # G – Murray, KY 42071 – (270) 759-5151
Independent Insurance Agents

These agents are not required to write business for one company but instead can place your coverage with lots of companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they simply move the coverage in-house and you don’t have to find a new agent.

When shopping rates, we recommend you include price quotes from at a minimum one independent agency for maximum quote selection. Most have the option of insuring with lesser-known insurance companies which can save you money.

Shown below are independent agents in Murray who can help you get rate quotes.

  • Mc Connell Insurance – 905 Sycamore St – Murray, KY 42071 – (270) 753-4199
  • Western Kentucky Insurance – 608 Main St # A – Murray, KY 42071 – (270) 753-5842

To view a full list of licensed insurance agents in Murray, please go to this site.

Car insurance in Murray KY

After receiving satisfactory answers to any questions you have as well as a affordable price, most likely you have located an insurance agent that can adequately provide car insurance.

More tips and info about car insurance is located at the Kentucky Department of Insurance website. Visitors are able to read state legal mandates and laws, get help finding coverage, and read industry bulletins.

Shop smart and save

When shopping online for car insurance, make sure you don’t buy less coverage just to save a little money. In many cases, an accident victim reduced physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to get the best coverage possible at an affordable rate.

We covered a lot of techniques to reduce car insurance prices online. The key thing to remember is the more you quote, the higher the chance of saving money. Drivers may discover the lowest rates come from the least-expected company.

People switch companies for a number of reasons such as extreme rates for teen drivers, delays in paying claims, high prices or even lack of trust in their agent. It doesn’t matter what your reason, choosing a new company can be less work than you think.