Tricks for Saving Money on Fort Wayne Auto Insurance Rates

Are you sick and tired of not being able to afford each month for car insurance? You are in the same boat as millions of other consumers. Numerous car insurance companies battle for your business, and it can be difficult to compare rates and get the best coverage at the best rate

Policy discounts you shouldn’t miss

Car insurance can cost a lot, but you may find discounts that you may not know about. Certain discounts will be applied at the time you complete a quote, but less common discounts must be specially asked for before you will receive the discount. If you’re not getting every credit available, you’re paying more than you need to.

  • Paperless Signup – Certain companies will give a small break simply for signing digitally online.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less compared to insuring an older model.
  • Safety Course Discount – Taking part in a course in driver safety can save you 5% or more if you qualify.
  • Student Driver Training – Have your child enroll in driver’s education if it’s offered in school.
  • Drive Less and Save – Low mileage vehicles can earn a substantially lower rate.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could cut 10% or more off the personal injury premium cost.
  • Good Student – Performing well in school can get you a discount of up to 25%. The discount lasts up to age 25.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think it’s possible to get free car insurance, you won’t be that lucky. But all discounts will bring down the cost of coverage.

For a list of providers who offer auto insurance discounts in Indiana, click here to view.

Smart Consumers Save More

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for auto insurance. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get big savings.

  • Where you live is a factor – Living in small towns and rural areas has it’s advantages when talking about auto insurance. Drivers in populated areas tend to have congested traffic and longer commutes to work. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the protection in the event that a court rules you are at fault for damages caused by your negligence. Liability provides you with a defense in court starting from day one. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Safer occupants lowers premiums – Vehicles with high crash test scores can get you lower premiums. Safe vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates.
  • Where do you drive? – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles based upon how you use the vehicle. Cars used primarily for pleasure use get more affordable rates compared to those used for work or business. Double check that your auto insurance declarations sheet is showing the correct usage for each vehicle.
  • Do you know you’re credit rating? – Credit rating is a big factor in calculating your auto insurance rates. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit ratings. So if your credit can use some improvement, you could potentially save money when insuring your by repairing your credit.
  • Lower deductibles cost more – Your deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of covered claims would be running into the backend of another car, vandalism, or theft. The more money you’re willing to pay, the less your auto insurance will be.
  • Sex matters – Statistics show women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. Women and men cause accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets such as DWI and reckless driving.

To learn even more about auto insurance

Additional auto insurance information is located on the website for the Indiana Department of Insurance found here. Visitors are able to discover disciplinary actions, find disaster information, view agent and company licensing information, and read industry bulletins.

Quote often and quote early

You just read many tips how you can compare auto insurance prices online. The key thing to remember is the more times you quote, the better likelihood of reducing your rate. Drivers may discover the most savings is with an unexpected company. Regional companies can often provide lower rates in certain areas compared to the large companies like State Farm, GEICO and Nationwide.

Cheaper auto insurance can be sourced online in addition to many Fort Wayne insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some auto insurance companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.