Expensive car insurance can overdraw your personal savings and put the squeeze on your family’s finances. Shopping your coverage around is a great way to tighten up your finances. Insurance companies such as Progressive, State Farm and GEICO all claim big savings with ads and consumers find it hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.
Consumers need to compare prices quite often because insurance rates are adjusted regularly by insurance companies. Just because you found the lowest price a few years ago other companies may now be cheaper. Starting right now, block out anything you think you know about car insurance because you’re going to learn the best methods to find better rates and still maintain coverage.
There are a variety of methods to compare car insurance quotes, but there is one way that is less labor-intensive and much quicker. You can waste a lot of time driving to agents in Nome, or you could use online quotes to maximize your effort.
Many insurance companies belong to an insurance system that allows shoppers to submit their information once, and every company can provide price quotes based on the submitted data. This saves time by eliminating quote forms to every company. To compare rates using this form now click to open in new window.
One minor caviat to using this type of system is you are unable to specify the providers you will receive quotes from. So if you prefer to choose from a list of companies to compare rates, we have a page of car insurance companies in Alaska. View list of Alaska insurance companies.
However you get your quotes, make sure you use apples-to-apples coverages for every quote you compare. If you enter different deductibles you will not be able to determine the best price in Nome.
Companies don’t necessarily list every available discount in a way that’s easy to find, so here is a list some of the more common and the more hidden discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.
Keep in mind that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, you’re out of luck.
To see a list of companies offering car insurance discounts in Alaska, click this link.
When it comes to choosing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique so your insurance should reflect that These are some specific questions could help you determine whether or not you might need professional guidance.
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.
An important part of buying insurance is that you know the different types of things that come into play when calculating car insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get better car insurance rates.
The list below includes some of the items used by your company to calculate your rates.
Alaska consumers can’t get away from ads for cheaper car insurance by companies like Allstate, GEICO and Progressive. All the companies have a common claim about savings if you switch to them.
How does each company make almost identical claims?
Different companies are able to cherry pick for the type of customer that is profitable for them. An example of a desirable insured might be between 25 and 40, has no prior claims, and has a short commute. A customer getting a price quote who matches those parameters gets the lowest rates and most likely will save quite a bit of money when switching.
Consumers who don’t meet these standards will be charged higher premiums and ends up with business not being written. The ad wording is “people who switch” not “everyone that quotes” save that much money. That is how companies can truthfully state the savings. That is why you absolutely need to get quotes from several different companies. Because you never know which car insurance company will fit your personal profile best.
While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where drivers have reduced full coverage only to regret that it was a big error on their part. Your focus should be to purchase plenty of coverage for the lowest price.
Low-cost car insurance is possible online in addition to many Nome insurance agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not provide the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.
We just covered many ideas to lower your car insurance rates. The key concept to understand is the more you quote, the better your comparison will be. Drivers may discover the lowest rates come from a smaller regional carrier. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.
Additional detailed information is available at the Alaska Division of Insurance website. Alaska consumers can read enforcement actions against agents and companies, report car insurance fraud, get help finding coverage, and find out which companies have the most complaints.