Having to pay for overpriced auto insurance can overdraw your checking account and put a big crunch on your finances. Shopping your coverage around is a smart way to help make ends meet. Multiple car insurance companies compete to insure your vehicles, so it can be very hard to choose a company and uncover the absolute lowest cost out there.
You need to do rate comparisons at least once a year since rates change quite often. If you had the best price last year other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to learn one of the easiest ways to save money, get proper deductibles and limits, all at the lowest rate.
Consumers need to have an understanding of the factors that play a part in calculating your auto insurance rates. Understanding what influences your rates helps enable you to make changes that could result in better auto insurance rates.
Finding a better price on auto insurance is not a difficult process. The only thing you need to do is spend a few minutes to compare quotes online with multiple companies. This can be done in just a few minutes using one of these methods.
To view a list of companies in Minot, click here.
Whichever method you choose, double check that you are using exactly the same coverage information with each company. If each company quotes different liability limits it will be impossible to determine the best price in Minot.
North Dakota consumers can’t get away from ads for car insurance savings from the likes of Allstate, GEICO and Progressive. All the companies make an identical promise that you’ll save big after switching your coverage to them.
How do they all make almost identical claims? It’s all in the numbers.
All companies are able to cherry pick for the right customer that earns them a profit. A good example of a driver they prefer might be between 30 and 50, insures multiple vehicles, and drives newer vehicles. A customer who fits that profile receives the best rates and is almost guaranteed to save when switching.
Drivers who don’t measure up to the “perfect” profile must pay more money and this can result in business going elsewhere. The ads state “customers who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can make the claims of big savings. This illustrates why drivers should get quotes from several different companies. Because you never know the company that will have the lowest rates.
Car insurance companies don’t always advertise every available discount in an easy-to-find place, so the following is a list of some of the more common and also the lesser-known savings tricks you should be using. If they aren’t giving you every credit available, you’re just leaving money on the table.
Consumers should know that most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you could get a free auto insurance policy, companies wouldn’t make money that way.
Some people would prefer to sit down with an agent and that is just fine! Good agents are trained to spot inefficiencies and help file insurance claims. One of the great benefits of price shopping on the web is you may find lower rates and still have an agent to talk to.
To help locate an agent, after submitting this quick form, your insurance data is sent to insurance agents in Minot who will return price quotes for your coverage. You don’t have to visit any agencies since price quotes are sent directly to your email. It doesn’t get any easier!
Picking an provider requires more thought than just the premium amount. Here are some questions to ask:
When searching for an insurance agent, there are a couple of different agency structures to choose from. Agents are classified as either captive or independent. While both can do a good job, but it’s worth learning the differences since it can impact your selection of an agent.
Captive agents work for only one company and examples are Allstate, Farmers Insurance or State Farm. These agents are not able to shop your coverage around so they have no alternatives for high prices. They receive extensive training on their company’s products and that can be a competitive advantage.
Listed below is a short list of captive agents in Minot that can give you price quotes.
Farmers Insurance Group – 811 S Broadway – Minot, ND 58701 – (701) 852-4434
Allstate Insurance – 1317 S Broadway – Minot, ND 58701 – (701) 838-2100
State Farm Insurance – 816 31st Ave SW – Minot, ND 58701 – (701) 838-4919
American Family Insurance – 1809 S Broadway # X – Minot, ND 58701 – (701) 852-5940
Independent agencies are not employed by any specific company but rather can write business with lots of companies depending on which coverage is best. If your agent finds better pricing, an independent agent can move your coverage and you won’t have to switch agencies.
When comparison shopping, we recommend you include price quotes from multiple independent agents to have the most options to choose from.
The following is a short list of independent agents in Minot that are able to give comparison quotes.
Humphreys Insurance and Surety – 415 20th Ave SW – Minot, ND 58701 – (701) 852-1093
Western Agency Group – 408 20th Ave SW # 101 – Minot, ND 58701 – (701) 852-5383
Western Agency – 408 20th Ave SW # 101 – Minot, ND 58701 – (701) 463-2253
Kellie Thorman Insurance – 515 20th Ave SE # 7 – Minot, ND 58701 – (701) 839-4999
To view a complete directory of Minot insurance agents, please view this page.
After receiving answers to your satisfaction in addition to an acceptable price estimate, it’s possible that you found a car insurance agent that will insure your vehicles.
When choosing the best auto insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might help in determining whether or not you would benefit from professional advice.
If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.
Even more information is available at the North Dakota Insurance Department website. North Dakota consumers can learn about insurance regulations, download brochures, file complaints about an insurance agent or broker, and find disaster information.
While you’re price shopping online, do not skimp on coverage in order to save money. There have been many cases where an accident victim reduced liability coverage limits and found out when filing a claim that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.
Cheaper auto insurance can be bought online as well as from independent agents in Minot, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies don’t offer online price quotes and usually these smaller companies provide coverage only through local independent agents.
In this article, we covered many ways to get a better price on auto insurance. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may discover the lowest priced auto insurance comes from a small local company. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as Progressive or GEICO.