Learn the Secrets to Lower Greenwood, MS Car Insurance

No one in their right mind likes having to buy car insurance, in particular when their premiums are too high. Because you have many insurance companies to choose from, it’s difficult to locate the most cost effective provider.

Shopping for the best coverage in Greenwood is not that difficult. If you have a current car insurance policy or need new coverage, you can use these tips to get lower rates and still get good coverage. Mississippi drivers just need to understand how to buy car insurance over the internet.

How to Compare Car Insurance in Greenwood, Mississippi

All major car insurance companies like GEICO, State Farm and Progressive give prices for coverage directly from their websites. Getting online rates is quite easy as you simply type in the amount of coverage you want as detailed in the form. After you submit the form the system gets your driving and credit reports and returns a price quote. Being able to quote online helps simplify price comparisons, but the time required to go to multiple sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to perform this step in order to get lower prices.

The easy way to compare rates

The smarter way to find lower prices utilizes a single form that analyzes rates from more than one company. It saves time, eliminates repetitive work, and makes comparison shopping much simpler. Once the form is submitted, it is rated and you can choose any or none of the returned quotes.

If you find a better price you simply finish the application and buy the new coverage. It only takes a few minutes and you’ll know if lower rates are available.

To quickly find out how much you can save on car insurance, simply click here to open in new window and input your coverage information. If you have your current policy handy, we recommend you replicate your coverages identical to your current policy. This helps ensure you will get an apples-to-apples comparison based on similar coverages.

Do you qualify for discounts?

Insurance can cost an arm and a leg, but there are discounts available that you may not even be aware of. Certain discounts will be triggered automatically at the time you complete a quote, but less common discounts must be asked for prior to getting the savings. If they aren’t giving you every credit possible, you’re paying more than you need to.save money image

  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and will save you 10% or more.
  • Auto/Life Discount – Some companies give a discount if you purchase auto and life insurance together.
  • Sign Online – A few companies may give you up to $50 simply for signing on their website.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts compared to frequent claim filers.
  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off depending on your company.
  • Driver Safety – Completing a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.

It’s important to note that some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount will bring down the cost of coverage.

For a list of insurers offering car insurance discounts in Mississippi, click here.

Rate influencing factors

An important part of buying insurance is that you know the different types of things that help determine your car insurance rates. Having a good understanding of what influences your rates enables informed choices that can help you get big savings.

  • Claim-free discounts can add up – If you frequently file small claims, you can look forward to either a policy non-renewal or much higher rates. Auto insurance companies in Mississippi give better rates to people who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of larger claims.
  • Better crash test results mean better rates – Vehicles with high crash test scores are cheaper to insure. Safe vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company passed on to you as lower rates.
  • Extra coverages can waste money – There are a ton of add-on coverages that you can buy on your car insurance policy. Coverages like personal injury protection, towing coverage and additional equipment coverage are examples of these. These may sound like a good investment at first, but now you might not need them so get rid of them and save.
  • Performance level impacts rates – The performance level of the vehicle you drive makes a significant difference in the rate you pay. Low performance passenger models receive the most favorable rates, but other factors influence the final cost greatly.
  • Save money with special equipment – Owning a car with an alarm system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.

Don’t be fooled by advertising claims

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to say the same thing of big savings after switching your policy.

But how can every company make the same claim? It’s all in the numbers.

Different companies are able to cherry pick for the right customer they prefer to insure. For instance, a driver they prefer might be profiled as between 30 and 50, has no prior claims, and chooses high deductibles. Any driver who fits that profile receives the best rates and is almost guaranteed to save when switching.

Potential customers who do not match the requirements will be charged a higher premium and ends up with business going elsewhere. Company advertisements say “customers who switch” but not “drivers who get quotes” save that much. This is how insurance companies can advertise the way they do.

That is why you absolutely need to compare many company’s rates. It’s just too difficult to predict which insurance companies will have the lowest rates.

Greenwood Mississippi car insurance

In conclusion

While you’re price shopping online, do not buy lower coverage limits just to save a few bucks. In too many instances, an accident victim reduced liability coverage limits only to discover later that they should have had better coverage. Your aim should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Low-cost car insurance is possible both online and with local Greenwood insurance agents, so compare prices from both to have the best rate selection. Some insurance companies do not offer you the ability to get quotes online and these regional insurance providers work with independent agents.

Additional car insurance information is available on the website for the Mississippi Insurance Department. Click here for link. Visitors are able to find out industry alerts, find disaster information, and discover disciplinary actions.

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