Scraping up a payment for overpriced car insurance can drain your personal savings and put the squeeze on your family’s finances. Comparison shopping is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away. Companies like Progressive, GEICO and Farmers Insurance continually bombard you with advertising and it is difficult to see past the geckos and flying pigs and find the best price available.
Consumers should take time to get comparison quotes at least once a year because rates are variable and change quite frequently. Even if you got the lowest rates last year you may be paying too much now. Don’t believe everything you read about car insurance on the web, but with this article, you’re going to get some great ideas on how to slash your car insurance rates.
If you are insured now or are just looking to switch companies, you can use these tips to reduce the price you pay and still get good coverage. Finding the best rates in Lafayette is not that difficult. Louisiana vehicle owners just need to learn how to compare rates online.
An important part of buying insurance is that you know the factors that help determine car insurance rates. Knowing what determines base rates enables informed choices that could result in much lower annual insurance costs.
The following are a few of the “ingredients” car insurance companies consider when setting premiums.
Reducing your insurance rates is actually quite simple. You just have to invest a little time comparing rates online with multiple companies. This can be done in several different ways.
It’s your choice how you get your quotes, but compare the exact same quote information for every company. If you have different values for each quote it will be very difficult to determine the lowest rate in Lafayette.
Louisiana drivers constantly see and hear ads for the lowest price auto insurance by State Farm and Allstate. They all say the same thing that you’ll save big if you switch to their company.
How do they all say the same thing?
All the different companies have a preferred profile for the right customer they prefer to insure. For example, a preferred risk could be over the age of 40, has no prior claims, and has excellent credit. Any driver that hits that “sweet spot” will get the preferred rates and as a result will probably save quite a bit of money when switching.
Consumers who fall outside these standards must pay higher rates and this can result in business not being written. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That is how insurance companies can confidently advertise the savings.
This illustrates why drivers must get as many comparisons as possible. It’s not possible to predict which insurance companies will fit your personal profile best.
Insurance can be prohibitively expensive, but discounts can save money and there are some available that many people don’t even know exist. Larger premium reductions will be automatically applied at the time of purchase, but some must be asked for prior to receiving the credit. If you don’t get every credit you deserve, you are paying more than you should be.
As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will help reduce your overall premium however.
For a list of insurance companies offering car insurance discounts in Louisiana, click this link.
Some people just want to sit down with an agent. Good agents can point out coverage gaps and help file insurance claims. The best thing about comparing insurance prices online is that you can obtain lower rates and still choose a local agent. And providing support for local insurance agencies is important particularly in Lafayette.
By using this form (opens in new window), the coverage information is sent to agents in your area who will compete for your insurance coverage. There is no need to visit any agencies since price quotes are sent to the email address you provide. How’s that for easy!
To view a list of agents in Lafayette to contact, view this link.
Selecting an insurance company needs to be determined by more than just the price. These questions are important to ask:
Once you have good answers to your questions in addition to an acceptable price estimate, chances are good that you have found a company that meets your needs to properly service your car insurance policy.
Much more information about car insurance in Louisiana can be found on the website for the Louisiana Department of Insurance through this link. Louisiana consumers can find disaster information, view agent and company licensing information, and report car insurance fraud.
As you restructure your insurance plan, it’s very important that you do not buy less coverage just to save a little money. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to regret at claim time they didn’t have enough coverage. Your goal should be to buy the best coverage you can find at an affordable rate.
In this article, we covered many ways to get a better price on car insurance. The most important thing to understand is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may be surprised to find that the biggest savings come from some of the lesser-known companies. Regional companies can often provide lower rates in certain areas than their larger competitors like Allstate and Progressive.
Cheaper car insurance can be found from both online companies and with local Lafayette insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies do not offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.