Sick and tired of being strong-armed to insure your vehicles every month? Your situation is no different than most other car owners in Montana. Insurance companies such as Allstate, Progressive and GEICO persitently shower you with advertising and it is challenging if not impossible to see past the geckos and flying pigs and effectively compare rates to find the best deal.
Consumers need to do rate comparisons yearly because rates trend upward over time. Even if you think you had the best rates last year there may be better deals available now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the best ways to find better coverage at a better price.
Companies offering auto insurance don’t necessarily list every discount very well, so we break down some of the more common and the more hidden savings tricks you should be using. If you don’t get every credit possible, you are paying more than you should be.
It’s important to understand that many deductions do not apply the the whole policy. Most only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.
To see a list of companies offering auto insurance discounts in Polson, click here to view.
An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for auto insurance. Knowing what controls the rates you pay allows you to make educated decisions that could result in better auto insurance rates.
When choosing proper insurance coverage, there really is not a “perfect” insurance plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Consumers in Montana get pounded daily by advertisements for the lowest price auto insurance from companies such as Allstate and Progressive. All the ads say the same thing that you’ll save big if you move your policy.
How does each company claim to save you money? It’s all in the numbers.
Insurance companies have a preferred profile for the right customer they prefer to insure. For example, a desirable insured could be between the ages of 40 and 55, insures multiple vehicles, and has excellent credit. A driver who matches those parameters receives the best rates and as a result will probably save quite a bit of money when switching.
Potential customers who do not match these standards must pay a higher premium which leads to the driver buying from a lower-cost company. The ads state “people who switch” but not “drivers who get quotes” save money. This is how companies can claim big savings. This illustrates why it is so important to quote coverage with many companies. Because you never know which company will fit your personal profile best.
More tips and info about auto insurance is available at the Montana Commissioner of Securities and Insurance website. Montana consumers can report car insurance fraud, file complaints about a company, read enforcement actions against agents and companies, and find a variety of consumer forms.
While you’re price shopping online, do not skimp on coverage in order to save money. Too many times, an insured cut full coverage and learned later that it was a big mistake. Your goal should be to find the BEST coverage at the best price, not the least amount of coverage.
Throughout this article, we presented quite a bit of information on how to get a better price on auto insurance. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the best price on auto insurance is with a lesser-known regional company. They often have lower prices on specific markets than the large multi-state companies such as GEICO and State Farm.