Tightwads Instructions on Saving on Nicholasville, KY Auto Insurance

Are you overwhelmed by the crazy number of auto insurance options in Nicholasville? You’re not alone. Drivers have so many companies to choose from that it can quickly become a ton of work to compare prices.

If you have car insurance now, you should be able to reduce your rates substantially using these techniques. The purpose of this article is to instruct you on how to get online quotes and some tips to save money. Nevertheless, Kentucky drivers can benefit by having an understanding of how insurance companies sell online and apply this information to your search.

Take advantage of discounts

Car insurance can cost a lot, buy you may qualify for discounts that many people don’t even know exist. A few discounts will automatically apply when you quote, but some must be specially asked for before they will apply.

  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates than less cautious drivers.
  • Discount for New Cars – Buying coverage on a new vehicle can save up to 30% since new cars are generally safer.
  • Organization Discounts – Belonging to a professional or civic organization may earn a discount when buying auto insurance.
  • Homeowners Discount – Being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off with certain companies.
  • Drive Less and Save – Driving fewer miles can earn lower rates on the low mileage vehicles.
  • Payment Discounts – If you pay your bill all at once rather than paying monthly you can actually save on your bill.
  • Accident Forgiveness – Certain companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a set time period.

A little note about advertised discounts, some of the credits will not apply to the entire cost. A few only apply to individual premiums such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will reduce your premiums.

Nicholasville Auto Insurance Comparisons

There are several ways to compare auto insurance prices and some are more efficient than others. You can spend countless hours talking to insurance agencies in Nicholasville, or you could use the web to achieve your goal.

Most major companies participate in an industry program where prospective buyers send in one quote, and each company then returns a price quote. This prevents consumers from doing repetitive form submissions for each company you want a rate for.

To compare rates now click here (opens in new window).Nicholasville KY insurance ad

The one disadvantage to getting quotes like this is buyers cannot specifically choose the insurers to receive prices from. If you prefer to choose individual companies to compare rates, we have a listing of low cost auto insurance companies in Kentucky. Click here to view list.

Which method you use is up to you, but be sure to compare the exact same information on every quote. If your comparisons have higher or lower deductibles it’s impossible to make a fair comparison in Nicholasville. Quoting even small variations in coverages may result in a large different in cost. And when comparing auto insurance rates, know that comparing a large number of companies helps you find lower pricing.

Learn How to Lower your Rates

Consumers need to have an understanding of the different types of things that come into play when calculating auto insurance rates. Understanding what impacts premium levels helps enable you to make changes that will entitle you to lower auto insurance prices.

The list below includes a few of the “ingredients” that factor into prices.

  • Extra add-on coverages are wasting money – There are quite a few additional coverages you can purchase if you aren’t careful. Coverages for rental car reimbursement, better glass coverage and membership fees are some examples. These coverages may sound good when you first buy your policy, but your needs may have changed so eliminate them to save money.
  • Careful drivers pay lower rates – Just one citation may increase your cost by twenty percent. Drivers with clean records get better rates than their less careful counterparts. Drivers who have dangerous citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.
  • Men fork out a little more – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. Both sexes cause accidents at about the same rate, but men cause more damage. Men also receive more costly citations like reckless driving and DUI. Youthful male drivers are the most expensive to insure and are penalized with high auto insurance rates.
  • Too many auto insurance claims drive up costs – If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Auto insurance companies in Kentucky give better rates to insureds who file claims infrequently. Your insurance policy is meant to be used in the event of larger claims.
  • Having a spouse can save you money – Having a spouse can actually save you money when buying auto insurance. Having a spouse usually means you are more responsible and it’s statistically proven that being married results in fewer claims.
  • The type of vehicle makes a difference – The performance of the vehicle you are insuring makes a big difference in determining your rates. Low performance passenger vehicles generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.

How to know if you need help

When buying the right insurance coverage, there isn’t really a cookie cutter policy. Each situation is unique.

For instance, these questions might point out if your situation would benefit from an agent’s advice.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Are there companies who specialize in insuring high-risk drivers?
  • How high should my uninsured/underinsured coverage be in Kentucky?
  • Does my liability insurance cover pulling a trailer or camper?
  • Am I covered when pulling a rental trailer?
  • Can I afford low physical damage deductibles?
  • Should I buy more coverage than the required Kentucky minimum liability coverage?
  • When would I need rental car insurance?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Nicholasville insurance prices

Quote often and quote early

Drivers switch companies for any number of reasons including questionable increases in premium, being labeled a high risk driver, an unsatisfactory settlement offer or high rates after DUI convictions. Whatever your reason, choosing a new company is not as hard as you think.

When shopping online for auto insurance, never reduce coverage to reduce premium. There have been many cases where drivers have reduced comprehensive coverage or liability limits only to find out they didn’t purchase enough coverage. Your aim should be to find the BEST coverage at the best price.

We just covered a lot of ways to reduce auto insurance prices online. It’s most important to understand that the more providers you compare, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from the least-expected company.

Much more information about auto insurance in Kentucky is available on the Kentucky Department of Insurance website. Click here for link. Kentucky drivers can read industry bulletins, file complaints about a company, and learn about insurance regulations.