Tightwads Lessons for Saving on Shelbyville Kentucky Car Insurance

Overpriced car insurance can dwindle your checking account and make it impossible to make ends meet. Shopping your coverage around is a smart way to lower your monthly bill. Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the best rates possible.

It’s a good idea to shop coverage around at least once a year due to the fact that insurance rates are variable and change quite frequently. Just because you had the lowest rates on your last policy there is a good chance you can find better rates now. Forget all the misinformation about car insurance because you’re about to learn how to use online quotes to eliminate unnecessary coverages and save money.

How to Lower Your Car Insurance Cost in Shelbyville, KY

All major car insurance companies give coverage prices on their websites. Getting online quotes is pretty painless as you simply type in as requested by the quote form. When the form is submitted, the company’s rating system pulls your driving record and credit report and generates a price based on these and other factors. This streamlines rate comparisons, but the work required to visit each company’s website and repetitively enter the same data into a form gets old quite quickly. Unfortunately, it is important to do this in order to find the best price on car insurance.

Rate comparisons made easy

A less time-consuming method to compare car insurance pricing requires only one form that gets price quotes from many companies. This type of form saves time, eliminates repetitive work, and makes quoting online much more enjoyable and efficient. After sending your information, your coverage is rated with multiple companies and you can pick any one of the resulting price quotes. If you find a better price you simply finish the application and buy the new coverage. It takes 15 minutes at the most and may result in a nice savings.

To quickly find out how much you’re overpaying now, click here to open in a new tab and complete the simple form. If you currently have coverage, we recommend you replicate your coverages just like they are on your policy. This makes sure you’re receiving a rate comparison for exact coverage.

Pay less by taking advantage of discounts

Companies offering auto insurance don’t always publicize all their discounts very well, so we took the time to find some of the more common as well as the least known savings tricks you should be using. If you don’t get every credit possible, you’re paying more than you need to.

  • Passive Restraint Discount – Vehicles with factory air bags may earn rate discounts of more than 20%.
  • One Accident Forgiven – A handful of insurance companies will allow you to have one accident before raising your premiums if you are claim-free prior to the accident.
  • Save with a New Car – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy can get a discount on all vehicles.
  • Senior Discount – If you qualify as a senior citizen, you may be able to get a small decrease in premiums.
  • Own a Home – Owning a home in Shelbyville may earn you a small savings because maintaining a house demonstrates responsibility.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Resident Student – Children living away from home attending college and don’t have a car can receive lower rates.

Keep in mind that most discount credits are not given the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way.

To see a list of insurers who offer car insurance discounts in Shelbyville, click this link.save money concept

Buy Cheaper Car Insurance with These Tips

Smart consumers have a good feel for some of the elements that go into determining your car insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that can help you get lower car insurance prices.

  • Credit scores impact car insurance rates – Credit score is a large factor in determining what you pay for car insurance. Consumers who have good credit tend to be less risk to insure than those with lower credit scores. Therefore, if your credit is low, you could be paying less to insure your by improving your credit score.
  • Liability insurance protects assets – Liability coverage is the coverage that protects you in the event that a jury decides you are liable for causing damage or personal injury in an accident. It provides legal defense coverage which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Poor driving leads to higher costs – Just one speeding ticket can bump up the cost by twenty percent. Drivers who don’t get tickets get better rates than their less careful counterparts. Drivers who have dangerous citations such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
  • More claims means more premium – If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance companies in Kentucky give discounts to people who file claims infrequently. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Safe vehicles cost less to insure – Vehicles with good safety scores get lower rates. The safest vehicles protect occupants better and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders.
  • Do you know your deductibles? – Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims are a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are the amount of money you are willing to pay if you file a covered claim. The higher the amount you’re willing to pay, the less your company will charge you for insurance.
  • Discounts for married couples – Having a spouse actually saves money on your policy. Having a spouse translates into being more responsible and it’s proven that married drivers get in fewer accidents.

Aren’t my neighborhood agents an option?

A small number of people would rather visit with an insurance agent and that is a personal choice. Good agents can point out coverage gaps and give you someone to call. The best thing about getting online price quotes is the fact that you can find lower rates and still choose a local agent.

To make it easy to find an agent, after completing this simple form, the coverage information is submitted to local insurance agents who will return price quotes for your coverage. You won’t need to drive around because quoted prices will be sent to the email address you provide. How’s that for easy!

Picking an insurer needs to be determined by more than just the bottom line cost. Agents should be asked these questions:

  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • If your car is totalled, how to they determine the replacement cost?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • Will your rates increase after a single accident?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Are they full-time agents?
  • What insurance companies do they work with?

Two different types of insurance agents

When finding a reputable insurance agent or broker, you need to know there are two types of agencies to choose from. Agents are classified as either captive or independent. Both types can do a good job, but it’s worth learning how they differ because it can impact buying decisions.

Captive Insurance Agents

Captive agencies can only place business with one company like American Family, State Farm and Allstate. These agents are unable to compare other company’s rates so keep that in mind. They are trained well on the products they sell which can be an advantage.

Below are captive agencies in Shelbyville that are able to give rate quotes.

Shelter Insurance – 324 Main St # 1 – Shelbyville, KY 40065 – (502) 633-4827
Farm Bureau Insurance – 1201 Mount Eden Rd # 201 – Shelbyville, KY 40065 – (502) 633-2310
State Farm Insurance – 203 Alpine Dr – Shelbyville, KY 40065 – (502) 633-2281

Independent Agencies or Brokers

These agents are not locked into one company so they have the ability to put coverage with lots of companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and that require little work on your part. When searching for an agent, it’s recommended you include price quotes from at a minimum one independent agency to have the most options to choose from.

Car insurance in Kentucky

Below are Shelbyville independent agencies that are able to give price quotes.

Armstrong Agency Inc – 721 Main St – Shelbyville, KY 40065 – (502) 633-2247
American National Insurance Co – 12 Main St – Shelbyville, KY 40065 – (502) 647-6021
Cecil Nethery Insurance – 311 Main St – Shelbyville, KY 40065 – (502) 633-1829

For a complete listing of insurance agents in Shelbyville, go to this page.

Upon receiving acceptable answers to these questions as well as a affordable price, it’s possible that you found an auto insurance agent that can service your policy.

More detailed Kentucky car insurance information can be found at the Kentucky Department of Insurance website. Kentucky consumers can view agent and company licensing information, learn about specific coverages, and discover disciplinary actions.

More effort can pay off

Budget-conscious car insurance is definitely available from both online companies and also from your neighborhood Shelbyville agents, so you should be comparing quotes from both to have the best rate selection. A few companies may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

When shopping online for car insurance, never buy less coverage just to save a little money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.