Having to pay for pricey car insurance can dwindle your monthly budget and make it hard to pay other bills. You have so many car insurance companies to insure vehicles with, and although it’s a good thing to have a selection, lots of choices makes it harder to locate the cheapest rates.
Are you receiving every discount?
Some insurers do not list the entire discount list very clearly, so the following list contains both the well known and also the lesser-known credits that you can use to lower your rates.
- ABS Braking Discount – Cars and trucks that have anti-lock braking systems have fewer accidents and therefore earn up to a 10% discount.
- Good Students Pay Less – Maintaining excellent grades can save 20 to 25%. Most companies allow this discount until age 25.
- Driver’s Education for Students – Teen drivers should participate in a local driver’s education class in school or through a local driver safety program.
- New Car Discount – Buying a new car model can cost up to 25% less due to better safety requirements for new model year vehicles.
- Driver Safety – Taking part in a driver safety course could possibly earn you a 5% discount if you qualify.
- Distant College Student Discount – Children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
- Theft Deterent System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and earn discounts up to 10% off your .
Consumers should know that some of the credits will not apply to the entire cost. Most only cut individual premiums such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, you aren’t that lucky.
Insurance companies that may offer quotes with most of the discounts above are:
If you want , ask each company or agent the best way to save money. Savings may not be available in your state. If you would like to choose from a list of insurance companies that offer the discounts shown above in Texas, click here to view.
Informed Consumers Know How to Find Car Insurance Cheaper
Many different elements are considered when pricing auto insurance. Some are obvious such as traffic violations, although some other factors are less apparent such as your marital status or your vehicle rating. 
The items below are a few of the “ingredients” used by your company to calculate prices.
- Insurance prices are higher for high performance vehicles – The performance of the car you own makes a big difference in your car insurance bill. Since the Chrysler 300 is classified as a passenger car, insurance will be similar in price or lower than the average rate where you live in Fort Worth. The lowest performance passenger vehicles generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.
- Never let your policy lapse – Not maintaining insurance is a big no-no and you will pay a penalty because you let your insurance lapse for non-payment. In addition to paying higher rates, the inability to provide proof of insurance could earn you a fine, jail time, or a revoked license.
- Choose high IIHS safety ratings and save – Cars with five star safety ratings cost less to insure. Vehicles built for safety reduce injuries and better occupant protection translates into savings for insurance companies and thus lower rates. If your Chrysler 300 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
- Be proud to be claim-free – If you’re an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Insurance companies in Texas award better rates to insureds who do not rely on their insurance for small claims. Auto insurance is designed for the large, substantial claims.
- Car plus home equals more savings – Most major car insurance companies apply discounts to people who consolidate policies with them in the form of a multi-policy discount. Even with this discount applied, it’s always a smart idea to shop around to guarantee you are still saving the most.
- Age of drivers – Young drivers in Texas are statistically shown to be more careless when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Older people tend to be more responsible, tend to file fewer claims .
- Do you save by driving less? – Driving more miles every year the more you will pay for car insurance. Most insurance companies apply a rate based on their usage. Cars used primarily for pleasure use can be on a lower rate level than cars that get driven a lot. Having the wrong rating on your 300 is throwing money out the window. Make sure your declarations sheet states how each vehicle is driven, because improper ratings can cost you money.
- Men drivers tend to cost more – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Females and males are in fender benders at about the same rate, but the male of the species have accidents that have higher claims. Men also statistically receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers have the highest risk to insure so they pay the highest premiums.
Big names are not always cheapest
Consumers can’t escape the ads that claim the best premium rates by companies like Allstate, GEICO and Progressive. They all tend to make the same promise that drivers can save some big amount if you move to them.
How does each company charge lower premium rates? It’s all in the numbers.
All the different companies offer their best rates for the type of driver that makes them money. One example of this type of driver may need to be over the age of 40, has a clean driving record, and has a short commute. Any customer that hits that “sweet spot” receive the lowest rate quotes and will also pay quite a bit less when switching companies.
Insureds who fall short of the ideal profile must pay higher premiums and this results in the customer not buying. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. That is how insurance companies can confidently make those statements.
This emphasizes why you need to quotes from several different companies. It’s not possible to predict which insurance companies will provide the lowest auto insurance rates.
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These articles may also be worth reading.
- Car Insurance in Fort Worth 8 Discounts You Might be Forgetting
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- Best Pricing for Fort Worth Car Insurance Providers
Don’t give up on lower rates
We just showed you a lot of tips how to compare Chrysler 300 insurance rates online. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may be surprised to find that the best price on car insurance is with a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.
Lower-priced Chrysler 300 insurance can be purchased both online and with local Fort Worth insurance agents, and you should compare price quotes from both to have the best selection. There are still a few companies who do not offer rates over the internet and most of the time these smaller providers only sell coverage through local independent agencies.