Is Your Yukon, OK Auto Insurance Leaving a Hole in Your Pocket?

Have you fallen victim to overpriced auto insurance? Trust us, there are many people just like you.

There is such a variety of insurers to choose from, and although it’s nice to have a choice, lots of choices makes it harder to find the lowest cost provider.

You should make it a habit to take a look at other company’s rates before your policy renews because rates are constantly changing. Just because you had the lowest rates a few years ago there is a good chance you can find better rates now. Starting now, ignore everything you know about auto insurance because I’m going to teach you how to quote online to find lower rates on auto insurance.

How to Compare Auto Insurance Costs in Yukon, Oklahoma

The are a couple different ways of comparing price quotes from local in Yukon, Oklahomaauto insurance companies. The best way to find the cheapest insurance rates is simply to get online rate quotes. It is quite easy and can be accomplished in a couple of different ways.

  1. The fastest way to get the best comparison quotes is to use a rate comparison form like this one (opens in new window). This easy form keeps you from doing a different quote for each company you want a rate for. Filling out one form will return quotes instantly.
  2. Another way to obtain and compare quotes online consists of visiting the website for every company you want to comare to complete their respective quote request forms. For instance, let’s say you want rates from GEICO, 21st Century and State Farm. To get each rate you have to visit each site to input your insurance information, which is why the first method is more popular. For a handy list of car insurance company links in Yukon, click here.

However you get your quotes, be sure to compare exactly the same coverages on every quote you get. If the quotes have unequal deductibles or liability limits it will be next to impossible to determine the best price in Yukon. Having just a slight variation in insurance coverages could mean much higher rates. And when quoting auto insurance, remember that comparing a large number of companies will improve the odds of getting the best offered rates.

Take discounts and save

Car insurance can cost a lot, but companies offer discounts that you may not even be aware of. Some trigger automatically at the time of purchase, but some may not be applied and must be manually applied before being credited.

  • Multiple Policy Discount – When you combine your home and auto insurance with one company you may save up to 20% off your total premium.
  • Payment Method – By paying your policy upfront instead of paying each month you could save 5% or more.
  • Multiple Vehicles – Having multiple vehicles with the same company qualifies for this discount.
  • Senior Discount – Mature drivers may receive a small decrease in premiums.
  • Driver’s Ed – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.

It’s important to note that most discounts do not apply the the whole policy. Most only cut specific coverage prices like comprehensive or collision. Just because it seems like you can get free auto insurance, auto insurance companies aren’t that generous. Any qualifying discounts will bring down the amount you have to pay.Yukon Oklahoma insurance ad

To see a list of companies with the best auto insurance discounts in Oklahoma, click here to view.

Learn How to Buy Auto Insurance Cheaper

It’s important that you understand the rating factors that play a part in calculating your auto insurance rates. Understanding what controls the rates you pay enables informed choices that could result in big savings.

Shown below are some of the items auto insurance companies consider when setting premiums.

  • Claim-free discounts can add up – Car insurance companies in Oklahoma provide lower rates to policyholders who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is intended to be relied upon for larger claims.
  • Do you know you’re credit rating? – Having a bad credit score is a large factor in your rate calculation. Consumers who have good credit tend to be less risk to insure than drivers who have lower ratings. If your credit score is low, you could pay less to insure your by repairing your credit.
  • Higher deductibles cost less – Physical damage deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply would be colliding with a building, vandalism, or theft. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
  • Pleasure use saves money – The more you drive in a year’s time the higher your rate. Almost all companies apply a rate based upon how you use the vehicle. Vehicles not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your auto insurance policy is showing the correct driver usage, because it can save money.

Much more information about auto insurance in Oklahoma is available on the website for the Oklahoma Insurance Department through this link. Oklahoma drivers can read state legal mandates and laws, view agent and company licensing information, learn about specific coverages, and report car insurance fraud.

More related Yukon auto insurance information:

Don’t believe everything you hear

Auto insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads on TV and radio. They all seem to make an identical promise that you can save if you switch your coverage to them. But how can every company make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of customer that makes them money. An example of a driver they prefer could possibly be between the ages of 40 and 55, has no tickets, and drives newer vehicles. Any new insured who meets those qualifications will get the preferred rates and therefore will pay quite a bit less when switching companies.

Yukon Oklahoma insurance ad

Potential customers who don’t measure up to the “perfect” profile must pay a higher premium which leads to business going elsewhere. The ads state “customers who switch” not “everybody who quotes” save that much. This is how companies can advertise the way they do.

This illustrates why you need to get as many quotes as possible. Because you never know which insurance companies will have the lowest rates.

In Summary

Throughout this article, we presented a lot of techniques to lower your auto insurance rates. The key thing to remember is the more price quotes you have, the better likelihood of reducing your rate. You may even find the biggest savings come from some of the smallest insurance companies. These companies may only write in your state and offer lower rates compared to the large companies like Allstate or State Farm.

As you shop your coverage around, make sure you don’t reduce needed coverages to save money. In too many instances, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage at the best price.