Have you had enough of scraping the payment together to pay your car insurance bill each month? Your situation is no different than the majority of other car owners in West Virginia. You have so many insurers to insure vehicles with, and even though it’s nice to have a choice, it can be more challenging to find the lowest cost provider.
Consumers need to have an understanding of the different types of things that go into determining your auto insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get big savings.
Insurance can be prohibitively expensive, but companies offer discounts to reduce the price significantly. A few discounts will automatically apply at quote time, but a few need to be asked about before they will apply. If they aren’t giving you every credit available, you’re just leaving money on the table.
It’s important to note that most of the big mark downs will not be given the the whole policy. Most only apply to individual premiums such as medical payments or collision. So when it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will cut the cost of coverage.
West Virginia consumers can’t get away from ads for the lowest price auto insurance from the likes of 21st Century, Allstate and State Farm. They all seem to say the same thing about savings if you switch your coverage to them.
How does each company make almost identical claims? This is how they do it.
All companies have a preferred profile for the right customer that is profitable for them. For example, a driver they prefer might be profiled as over the age of 40, insures multiple vehicles, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will get the preferred rates and is almost guaranteed to save quite a bit of money when switching.
Potential insureds who don’t measure up to these standards will be charged a higher premium and ends up with business going elsewhere. The ads say “customers who switch” not “people who quote” save that much money. That’s why companies can truthfully state the savings.
That is why you absolutely need to get quotes from several different companies. It’s just too difficult to predict which auto insurance company will have the lowest rates.
Additional auto insurance information is available on the website for the West Virginia Insurance Commission through this link. Consumers can view a list of available companies, download brochures, read state legal mandates and laws, and learn about insurance regulations.
These articles may also be worth reading.
Lower-priced auto insurance can be found from both online companies and also from your neighborhood Charleston agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some auto insurance companies may not provide online quoting and these small insurance companies work with independent agents.
When you buy insurance online, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where drivers have reduced full coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage at the best price, not the least amount of coverage.
You just read some good ideas how you can reduce auto insurance prices online. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the lowest premiums are with the least-expected company. These companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.