Trying to find better insurance prices for a Chrysler 200 in Texas can turn out to be an all-consuming task, but you can learn our auto insurance buying tips to make it easier. There are both good and bad ways to compare auto insurance rates and you need to know the absolute fastest way to get price quotes for your Chrysler and obtain the cheapest rates either online or from Texas insurance agents.
It’s important to get comparison quotes before your policy renews because prices fluctuate regularly. Just because you found the lowest price on 200 insurance last year other companies may now be cheaper. There is too much inaccurate information about auto insurance online, so I’m going to show you some excellent ideas to save money.
Are you getting all your discounts?
Companies that sell car insurance don’t always publicize every available discount in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden ways to save on auto insurance.
- Sign Online – Some insurance companies will discount your bill up to fifty bucks simply for signing digitally online.
- Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on 200 insurance depending on your company.
- Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts could save 15% on the medical payments or PIP coverage costs.
- Senior Citizens – If you’re over the age of 55, you may qualify for a discount up to 10% on 200 insurance.
- Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Military Discounts – Having a family member in the military could be rewarded with lower premiums.
- Driver Safety – Successfully completing a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most only apply to individual premiums such as comprehensive or collision. Just because you may think all those discounts means the company will pay you, companies don’t profit that way.
For a list of companies with the best auto insurance discounts in Texas, follow this link.
Factors that can influence insurance rates for a Chrysler 200
Consumers need to have an understanding of the rating factors that play a part in calculating your auto insurance rates. Knowing what influences your rates empowers consumers to make smart changes that could result in big savings.
- How credit affects auto insurance rates – Having a bad credit score is a large factor in your rate calculation. Consumers who have excellent credit tend to be less risk to insure than drivers who have poor credit. If your credit score is low, you could save money insuring your Chrysler 200 by spending a little time repairing your credit.
- Frequent auto insurance claims increase rates – Companies in Texas award discounts to policyholders who do not rely on their insurance for small claims. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Insurance coverage is designed for larger claims.
- Never go without insurance – Allowing your auto insurance policy to lapse will be a guaranteed way to bump up your auto insurance costs. Not only will you pay more, failure to provide proof of insurance can result in a license revocation or jail time.You may need to submit proof of financial responsibility or a SR-22 with the Texas motor vehicle department to get your license reinstated.
- Don’t buy coverages you don’t need – There are a lot of add-on coverages that you can get tricked into buying on your 200 policy. Things like vanishing deductibles, accidental death and term life insurance may be costing you every month. These may sound like a good investment initially, but if they’re wasting money remove them from your policy.
- Liability coverage is cheap – Your policy’s liability coverage will protect you if a jury decides you are liable for personal injury or accident damage. Liability insurance provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
- Safer cars cost less to insure – Vehicles with high crash test scores can get you lower premiums. Safe vehicles protect occupants better and better occupant protection translates into fewer and smaller insurance claims and lower rates for you. If your Chrysler earned at least four stars on Safercar.gov it may be receiving lower rates.
- Performance level impacts rates – The performance of the vehicle you drive makes a huge difference in how high your rates are. Because the Chrysler 200 falls in the passenger car class, insuring your vehicle will cost similar in price or lower compared to average rates. Small economy passenger vehicles generally receive the lowest base rates, but other factors influence the final cost greatly.
When might I need an agent?
When it comes to choosing the best auto insurance coverage, there is no cookie cutter policy. Every situation is different.
For instance, these questions might help in determining whether you may require specific advice.
- Am I covered when pulling a rental trailer?
- Is my custom paint covered by insurance?
- Do I have any recourse if my insurance company denies a claim?
- When would I need rental car insurance?
- Can I rate high risk drivers on liability-only vehicles?
- Will I lose any money if I cancel my policy before it expires?
- What is the difference between comprehensive and collision coverage?
- How much liability coverage do I need in Texas?
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.
Is there truth in advertising?
Companies like Progressive, Allstate and GEICO regularly use ads on television and other media. All the ads say the same thing about savings if you move to their company. How do they all make the same claim? It’s all in the numbers.
All companies can use profiling for the type of customer that earns them a profit. For instance, a driver they prefer might be profiled as over the age of 50, has no prior claims, and drives newer vehicles. A driver who matches those parameters will get the preferred rates and is almost guaranteed to save when they switch companies.
Drivers who do not match these standards must pay higher prices which leads to business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can make those claims. This illustrates why you absolutely need to compare many company’s rates. It is impossible to predict which auto insurance company will fit your personal profile best.
For more information
More tips and info about auto insurance is located at the Texas Department of Insurance website. Consumers can file complaints about an insurance agent or broker, download brochures, and get help finding coverage.
Quote often and quote early
As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped liability coverage limits and learned later that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
Consumers leave their current company for many reasons like denial of a claim, not issuing a premium refund, lack of trust in their agent or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company is actually quite simple.
Throughout this article, we presented a lot of tips how to save on Chrysler 200 insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the biggest savings come from a smaller regional carrier.