Having to pay for overpriced car insurance can drain your savings account and make it hard to pay other bills. Comparing price quotes is a smart way to tighten up your finances. There is such a variety of car insurance companies to pick from, and although it’s a good thing to have multiple companies, so many choices can make it hard to find the best rates.
Finding the best rates in Elgin is not rocket science. If you have car insurance now, you will be able to lower your premiums substantially using these tips. Illinois consumers just need to understand the proper way to shop their coverage around on the web.
Consumers need to have an understanding of some of the elements that come into play when calculating car insurance rates. Knowing what influences your rates helps enable you to make changes that will entitle you to big savings.
The list below includes some of the factors that factor into prices.
Finding a better price on car insurance doesn’t have to be difficult. Just spend a little time to compare quotes from different insurance companies. This can be accomplished using a couple different methods.
For a list of links to companies insuring cars in Elgin, click here.
It doesn’t matter which method you choose, just make darn sure you compare exactly the same coverage limits and deductibles with every price quote. If you have different limits and deductibles on each one you will not be able to truly determine the lowest rate in Elgin.
Consumers in Illinois get pounded daily by advertisements for the lowest price auto insurance from companies such as Allstate, GEICO and Progressive. They all make an identical promise that you can save if you move your policy.
How does each company claim to save you money? It’s all in the numbers.
All the different companies can use profiling for the type of driver that is profitable for them. For instance, a preferred risk might be profiled as between the ages of 30 and 50, has no prior claims, and drives less than 7,500 miles a year. A customer who meets those qualifications is entitled to the best price and therefore will pay quite a bit less when switching companies.
Consumers who don’t meet these standards will be quoted more money which usually ends up with business not being written. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can claim big savings. This emphasizes why drivers should get as many comparisons as possible. It’s just too difficult to predict the company that will fit your personal profile best.
Companies don’t necessarily list every available discount very clearly, so we break down some of the more common and also the lesser-known savings tricks you should be using. If you’re not getting every credit you qualify for, you’re paying more than you need to.
Consumers should know that most of the big mark downs will not be given the the whole policy. Most cut the price of certain insurance coverages like medical payments or collision. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.
Certain consumers just want to talk to a local agent and that is OK! Licensed agents can point out coverage gaps and help you file claims. The biggest benefit of getting online price quotes is you can get the best rates and still have an agent to talk to.
By using this short form, your coverage information is sent to local insurance agents in Elgin who will compete for your coverage. You won’t need to leave your computer since price quotes are sent to the email address you provide. How cool is that?!
Choosing an insurance company should depend on more than just the price. Here are some questions to ask:
When looking for an insurance agent, you must know there are a couple types of insurance agents to choose from. Insurance agencies in Elgin are classified as either independent (non-captive) or captive. Both insure your vehicles, but it’s worth learning the differences because it can impact buying decisions.
Captive agencies have only one company to place business with and some examples include Farmers Insurance or State Farm. These agents are not able to give you multiple price quotes so it’s a take it or leave it situation. Captive agencies are very knowledgeable on their products and sales techniques which helps them compete with independent agents.
The following are captive insurance agents in Elgin who may provide you with rate quotes.
Farmers Insurance Group – 339 W River Rd # 202 – Elgin, IL 60123 – (847) 697-9800
State Farm Insurance – 310 S Mclean Blvd # B – Elgin, IL 60123 – (847) 741-5733
Allstate Insurance – 1130 Dundee Ave – Elgin, IL 60120 – (847) 697-5900
American Family Insurance – 860 Summit St # 233 – Elgin, IL 60120 – (847) 841-1444
Independent agents are not locked into one company but rather can write business with lots of companies and potentially find a lower price. If your agent finds better pricing, they simply move the coverage in-house and that require little work on your part. When comparison shopping, it’s a good idea to contact at least one independent agent to ensure the widest selection of prices.
Shown below is a list of independent agencies in Elgin who can help you get comparison quotes.
Lundstrom Insurance – 645 Tollgate Rd # 300 – Elgin, IL 60123 – (847) 741-1000
Menner Reinsurance Agency Inc – 1275 Davis Rd – Elgin, IL 60123 – (847) 697-1705
Robert Lindemann Agency – 744 Diane Ave – Elgin, IL 60123 – (847) 742-5351
Hebert Insurance – 1108 Stratford Ct # D – Elgin, IL 60120 – (847) 608-9344
Leo R Cox Agency – 350 Dundee Ave – Elgin, IL 60120 – (847) 742-9713
For a full directory of licensed insurance agents in Elgin, please go to this site.
Upon receiving answers to your satisfaction to these questions in addition to an acceptable price estimate, you have narrowed it down to an insurance agent that will service your policy.
When buying proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different so this has to be addressed. These are some specific questions might point out whether your personal situation might need professional guidance.
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Additional detailed information can be read at the Illinois Department of Insurance website. Visitors are able to view agent and company licensing information, discover disciplinary actions, view a list of available companies, and report car insurance fraud.
More related Elgin car insurance information:
Affordable car insurance is available from both online companies and also from your neighborhood Elgin agents, so compare prices from both so you have a total pricing picture. There are still a few companies who may not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.
Throughout this article, we presented a lot of information how to lower your car insurance rates. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from some of the lesser-known companies. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate or State Farm.