Never Shop For Mankato, MN Car Insurance Without Knowing These Money Saving Techniques

Paying for high-priced car insurance can overdraw your personal savings and force you to prioritize other expenses. Doing a price comparison is a smart way to lower your monthly bill. Big-name insurance companies like GEICO and Progressive promote their brand names with fancy advertisements and it can be hard to see past the corporate glitz and do the work needed to find the best deal.

Cut your car insurance rates with discounts

Insurance can be prohibitively expensive, but there are discounts available that you may not even be aware of. Most are applied at the time of quoting, but a few need to be asked for before you will receive the discount. If you’re not getting every credit possible, you are throwing money away.

  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off with select insurance companies.
  • Use Seat Belts – Requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
  • Bundle and Save – When you combine your home and auto insurance with one company you may earn at least 10% off all policies.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Drive Less and Save – Low mileage vehicles could qualify for a substantially lower rate.
  • Homeowners Savings – Being a homeowner may trigger a car insurance policy discount because maintaining a house demonstrates responsibility.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, you won’t be that lucky. Any qualifying discounts will bring down your overall premium however.

To see a list of insurance companies offering car insurance discounts in Minnesota, click here to view.

You are unique and your car insurance should be too

When choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different so this has to be addressed. For example, these questions may help you determine if you would benefit from an agent’s advice.

  • Is rental equipment covered for theft or damage?
  • What discounts do I qualify for?
  • Do no-fault laws apply in Minnesota?
  • Am I covered when driving on a suspended license?
  • Does my insurance cover my expensive audio equipment?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can provide invaluable money image

Don’t be fooled by advertising claims

Minnesota drivers get pounded daily by advertisements that promise big savings by State Farm and Allstate. All the companies make an identical promise that you’ll save big if you change to their company.

How does each company say the same thing?

All the different companies can use profiling for the right customer that is profitable for them. For example, a preferred risk could possibly be a mature driver, has no prior claims, and drives less than 10,000 miles a year. Any new insured who fits that profile will get the preferred rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t qualify for the “perfect” profile will be charged higher prices which usually ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everybody who quotes” save money. That’s why insurance companies can advertise the savings.

That is why you need to compare as many rates as you can. It’s not possible to predict which company will give you the biggest savings.

Find out more about car insurance

Additional information is available on the website for the Minnesota Department of Commerce through this link. Minnesota consumers can read state legal mandates and laws, discover disciplinary actions, and learn about specific coverages.

Mankato MN car insurance

More comparisons equals lower rates

Cheaper car insurance can be sourced online as well as from independent agents in Mankato, so you should compare both so you have a total pricing picture. Some companies don’t offer online quoting and most of the time these regional insurance providers sell through independent agents.

As you shop your coverage around, never buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice full coverage and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at a price you can afford.

We covered a lot of techniques to reduce car insurance prices online. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers may even find the lowest priced car insurance comes from a small local company. Some small companies can often provide lower rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.