Did you fall for a flashy sales pitch and buy overpriced auto insurance? Trust us, there are many Colleyville consumers feeling the pinch from expensive auto insurance.
Drivers have multiple auto insurance companies to pick from, and although it’s a good thing to have a choice, it can be more difficult to find the lowest cost provider.
It’s a good idea to price shop coverage periodically due to the fact that insurance rates are rarely the same from one policy term to another. Even if you think you had the lowest rates a few years ago there may be better deals available now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the quickest ways to find the best coverage while lowering your premiums.
Cut your premium with discounts
Car insurance can cost a lot, but you can get discounts that many people don’t even know exist. A few discounts will automatically apply at the time of quoting, but a few need to be inquired about before they will apply.
- Multiple Policy Discount – When you combine your home and auto insurance with the same company you may earn approximately 10% to 15%.
- Homeowners Pay Less – Owning a home in Colleyville can help you save on auto insurance because owning a home shows financial diligence.
- Early Switch Discount – Some insurance companies reward drivers for switching policies prior to your current policy expiration. It’s a savings of about 10%.
- Senior Citizens – If you’re over the age of 55, you can possibly qualify for better auto insurance rates.
- New Car Discount – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.
- Government Employees – Being employed by or retired from a federal job can save as much as 8% with a few auto insurance companies.
It’s important to understand that most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like medical payments or collision. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky. But any discount will cut the cost of coverage.
To choose insurance companies with the best auto insurance discounts in Colleyville, click here to view.
Are you falling for claims of savings?
Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all make an identical promise that you’ll save big if you switch your policy. How can each company make almost identical claims?
All the different companies are able to cherry pick for the type of driver that is profitable for them. An example of a profitable customer could possibly be a mature driver, insures multiple vehicles, and drives less than 10,000 miles a year. A propective insured that hits that “sweet spot” will qualify for the lowest rates and therefore will save a lot of money.
Drivers who don’t meet the “perfect” profile must pay higher prices which usually ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that much. That’s the way companies can truthfully advertise the way they do.
This illustrates why drivers should get as many quotes as possible. It’s impossible to know which insurance companies will provide you with the cheapest rates.
Much more information about auto insurance in Texas can be read on the website for the Texas Department of Insurance. Click here for link. Texas consumers can learn about insurance regulations, read industry bulletins, find disaster information, and report car insurance fraud.
Other informative sites include this page for auto insurance prices in Texas and this list of insurance agents in Colleyville.
Keep this in mind
As you go through the steps to switch your coverage, never buy less coverage just to save a little money. In many instances, an insured dropped physical damage coverage only to discover later that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best price while not skimping on critical coverages.
Budget-conscious auto insurance is available on the web and also from your neighborhood Colleyville agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.
We just covered a lot of techniques to reduce auto insurance prices online. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. You may be surprised to find that the best prices are with some of the smallest insurance companies. These companies may often insure only within specific states and give getter rates compared to the large companies like GEICO and State Farm.