Tightwads Instructions on Saving on Draper, UT Car Insurance

Paying for high-priced car insurance can take a big chunk out of your checking account and make it impossible to make ends meet. Comparison shopping is a great way to slash your bill and have more diposable income. Multiple car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a provider and get the definite cheapest price

You should make it a habit to price shop coverage occasionally because prices go up and down regularly. Just because you found the lowest price a year ago you can probably find a better price now. There is too much inaccurate information about car insurance online, so by reading this article, you’re going to learn a lot of great tips on how to find affordable car insurance.

If you have insurance now or are shopping for new coverage, you can use these techniques to cut your premiums and still get good coverage. Finding affordable coverage in Draper is not rocket science. Utah drivers only need an understanding of the tricks to shop for car insurance online.

Vehicle Insurance Comparison

Getting better car insurance pricing can be surprisingly simple. Drivers just need to take a few minutes to get quotes online with multiple companies. This is very easy and can be done in a couple of different ways.

The first (and easiest) way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing separate quote forms for each company you want a rate for. A single form will get you price quotes from multiple companies.

A different way to analyze rates is to take the time to go to each company website and request a quote. For example, we’ll pretend you want rates from Allstate, Esurance and Travelers. You would have to go to every website to input your insurance information, which is why the first method is quicker. For a list of links to insurance companies in Draper, click here.

Whichever way you use, ensure you are comparing the exact same coverages with every price quote. If you enter differing limits you will not be able to determine the best price in Draper.

Be sure to get all your discounts

Insurance can cost an arm and a leg, but there are discounts available that can drop the cost substantially. Certain discounts will be applied at the time you complete a quote, but a few need to be specifically requested before you get the savings. If they aren’t giving you every credit possible, you are paying more than you should be.save money concept

  • Use Seat Belts – Drivers who require all occupants to wear their seat belts can save up to 15% off your PIP or medical payments premium.
  • Memberships – Affiliation with a qualifying organization may earn a discount when shopping for car insurance.
  • Accident Free – Drivers who don’t have accidents pay much less when compared with accident-prone drivers.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount with select insurance companies.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Drive Less and Save – Keeping the miles down can qualify you for discounted rates on garaged vehicles.
  • Good Student – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Drivers Ed for Students – Have your child enroll in driver’s education if offered at their school.
  • Multiple Vehicles – Insuring multiple vehicles on one policy qualifies for this discount.
  • Accident Forgiveness – Certain companies permit an accident before raising your premiums if you are claim-free for a certain period of time.

Keep in mind that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, it just doesn’t work that way. Any amount of discount will reduce your premiums.

To choose providers with discount car insurance rates in Draper, click here.

Understand what determines the rate you pay

Consumers need to have an understanding of the factors that play a part in calculating car insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get lower car insurance prices.

  • Mature drivers pay less – Youthful drivers in Utah are known to be more careless when driving so car insurance rates are higher. Parents adding a teen driver onto a policy can break the bank. More mature drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.
  • Safer occupants lowers premiums – Vehicles with high crash test scores tend to have better insurance rates. Safer cars protect occupants better and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Lower rates with optional equipment – Driving a car with anti-theft technology or alarm system can save you a little every year. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • Traffic violations increase rates – Only having one speeding ticket can bump up the cost by twenty percent. Drivers who don’t get tickets get better rates compared to drivers with tickets. Drivers with flagrant tickets such as DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • High numbers of claims are not good – Auto insurance companies in Utah give lower rates to drivers who are claim-free. If you file claims often, you can expect higher rates. Car insurance is designed for the large, substantial claims.
  • Are you male or female? – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. They both cause accidents at about the same rate, but the males tend to have more serious accidents. They also get more serious tickets like reckless driving and DUI.
  • Performance makes a difference – The type of vehicle you own makes a huge difference in determining your rates. The cheapest insurance rates are for economy passenger models, but the cost you end up paying is determined by many additional factors.
  • Multiple policies with one company can save – The majority of companies will award you with lower prices to customers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you’re getting this discount you may still want to shop around to verify if the discount is saving money.

Do you really save 40% when you switch?

Utah consumers can’t get away from ads for car insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. All the ads make the same claim that you’ll save big if you change your policy.

How does each company make almost identical claims?

Different companies have a preferred profile for the driver that earns them a profit. A good example of a driver they prefer might be a mature driver, has no driving citations, and drives less than 10,000 miles a year. A propective insured who meets those qualifications is entitled to the best price and as a result will probably save when they switch companies.

Potential customers who do not match this ideal profile will be charged a more expensive rate and this can result in business not being written. The ads state “drivers who switch” not “everyone that quotes” save money. This is how insurance companies can advertise the way they do.

That is why it is so important to get as many quotes as possible. Because you never know which company will provide you with the cheapest rates.

insurance quote Draper UT

Final considerations

Cheap car insurance is available online and with local Draper insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer online quoting and most of the time these smaller companies sell through independent agents.

In this article, we covered many ways to get a better price on car insurance. The key thing to remember is the more you quote, the higher your chance of finding lower rates. Consumers could even find that the most savings is with an unexpected company. Regional companies can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.

While you’re price shopping online, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that the savings was not a smart move. The aim is to find the BEST coverage for the lowest price.

More information can be found on the website for the Utah Insurance Department found here. Utah drivers can read industry bulletins, learn about insurance regulations, get help finding coverage, and discover disciplinary actions.