Learn How to Lower Your Premiums for Peabody Car Insurance

Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Believe me, there are many Peabody consumers feeling the pinch from expensive car insurance.

With so many choices, it can be impossible to choose the lowest cost insurer.

You should make it a habit to do rate comparisons yearly since rates change frequently. Even if you think you had the best deal on your last policy there may be better deals available now. So just block out anything you think you know about car insurance because we’re going to show you the tricks you need to know to remove unneeded coverages and save money.

Choosing the best insurance company for you in Peabody is not that difficult. Essentially every vehicle owner who is shopping for car insurance will more than likely be able to cut their insurance bill. But Massachusetts consumers must learn how companies sell insurance online because it can help you find the best coverage.

Which Car Insurance is Cheapest in Peabody, Massachusetts?

When shopping for car insurance there are multiple ways to compare rate quotes from car insurance companies in your area. The quickest method to compare insurance prices is to get quotes online. This is very easy and can be done using a couple different methods.

  1. The easiest and least time consuming way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This method saves time by eliminating separate quote forms to each individual car insurance company. One quote request compares rates direct from many companies.
  2. A harder way to get quotes online requires a trip to the website for every company you want to comare and fill out their own quote form. For example, we’ll assume you want to compare Farmers, Safeco and GEICO. You would have to take the time to go to each site and enter your policy data, which is why the first method is quicker.

    For a list of links to companies insuring cars in Peabody, click here.

Whichever method you choose, double check that you are using the exact same coverage limits and deductibles for each comparison quote. If the quotes have different liability limits then you won’t be able to find the best deal in Peabody. Slightly different limits can mean a large discrepancy in price. Keep in mind that getting more free quotes will enable you to find a better price.

You probably qualify for some discounts

Companies don’t always publicize every discount in a way that’s easy to find, so we break down both the well known and the more hidden car insurance savings.

auto insurance image

  • Safe Drivers – Safe drivers may save up to 50% more than drivers with accident claims.
  • Drivers Ed for Students – Have your child complete a driver education course if it’s offered in school.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Accident Waiver – A handful of insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • Employee of Federal Government – Active or retired federal employment could cut as much as 10% off depending on your company.
  • Life Insurance – Larger companies have a break if you buy life insurance.
  • Sign Online – A handful of insurance companies may give you up to $50 for buying a policy and signing up over the internet.
  • Organization Discounts – Being a member of a qualifying organization is a good way to get lower rates when buying car insurance.
  • Save over 55 – Mature drivers may be able to get a small decrease in premiums.
  • Homeowners Savings – Being a homeowner may earn you a small savings due to the fact that maintaining a home requires personal responsibility.

A little note about advertised discounts, some of the credits will not apply the the whole policy. Most cut the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, car insurance companies aren’t that generous.

More tips and info about car insurance can be read at the Massachusetts Division of Insurance website. Consumers can get help finding coverage, find disaster information, file complaints about an insurance agent or broker, and learn about insurance regulations.