Overpriced car insurance can drain your personal savings and force you to prioritize other expenses. Shopping your coverage around is free, only takes a few minutes, and is a good way to tighten up your finances. Insurance companies such as GEICO, Progressive and Allstate constantly blast consumers with catchy ads and it can be hard to see past the corporate glitz and find the best price available.
It’s a good idea to compare prices before your policy renews because insurance rates go up and down regularly. If you had the best price two years ago the chances are good that you can find a lower rate today. Forget all the misinformation about car insurance because you’re about to find out one of the best ways to properly buy coverages while reducing your premium.
If you are insured now or need a new policy, you can follow these tips to reduce the price you pay while maintaining coverages. Choosing the best insurance company for you in Biddeford is easy if you know what you’re doing. Maine vehicle owners only need an understanding of the tricks to get comparison rates over the internet.
The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. A few discounts will automatically apply when you quote, but less common discounts must be specifically requested before you will receive the discount. If you don’t get every credit you qualify for, you are throwing money away.
It’s important to note that some credits don’t apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help reduce your premiums.
For a list of insurance companies with discount car insurance rates in Maine, click here.
It’s important that you understand some of the elements that help determine the rates you pay for car insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get better car insurance rates.
When it comes to choosing coverage for your vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions can help discover whether you may require specific advice.
If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Maine drivers can’t get away from ads that promise big savings by companies like Allstate and Progressive. They all make the same claim about savings if you change to them.
How does each company say the same thing?
Insurance companies have a preferred profile for the right customer that makes them money. A good example of a preferred risk might be over the age of 40, has no driving citations, and has a short commute. Any new insured who meets those qualifications will get the preferred rates and is almost guaranteed to save when they switch companies.
Consumers who do not match this ideal profile will be charged more money which usually ends up with the customer not buying. Company advertisements say “drivers who switch” but not “drivers who get quotes” save money. That is how insurance companies can state the savings.
That is why it’s extremely important to get as many quotes as possible. Because you never know which company will provide you with the cheapest rates.
Additional car insurance information can be read on the website for the Maine Bureau of Insurance located here. Visitors are able to read enforcement actions against agents and companies, read industry bulletins, read state legal mandates and laws, and file complaints about a company.
We just presented a lot of information how to shop for car insurance online. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest premiums are with a company that doesn’t do a lot of advertising. Regional companies may cover specific market segments cheaper than their larger competitors like GEICO and State Farm.
As you shop your coverage around, never reduce needed coverages to save money. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage for the lowest price.