8 Ways You Can Buy Auto Insurance for Less in Conway
I can’t think of anyone who enjoys paying for auto insurance, especially knowing the cost is way too high.
Since consumers have many online and local companies to choose from, it is very difficult to locate the most affordable provider.
Choosing the best insurance company for you in Conway is quite easy. Just about every driver who has to buy auto insurance stands a good chance to be able to cut their insurance bill. Nevertheless, South Carolina vehicle owners must learn the way companies price insurance differently.
Save big with these eight discounts
Companies that sell car insurance don’t always list all their discounts in an easy-to-find place, so we took the time to find some of the best known as well as the least known auto insurance savings.
- Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
- Multiple Cars – Buying coverage for all your vehicles on one policy can get a discount on all vehicles.
- Discount for Life Insurance – Larger companies have better rates if you take out life insurance.
- Federal Government Employee – Simply working for the federal government may qualify you for a discount with a few auto insurance companies.
- No Accidents – Claim-free drivers can save substantially compared to bad drivers.
- College Student – Youth drivers who attend school more than 100 miles from home and don’t have a car may be able to be covered for less.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
- Drive Safe and Save – Drivers who avoid accidents may save up to 50% more than drivers with accident claims.
It’s important to note that most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, you’re out of luck.
For a list of insurance companies offering auto insurance discounts in Conway, click here.
Neighborhood insurance agents
Some consumers just want to buy from a licensed agent. One of the best bonuses of getting online price quotes is you can get the best rates and still choose a local agent.
For easy comparison, once you complete this quick form, your insurance coverage information gets sent to local insurance agents who will compete to get your business. There is no reason to leave your computer since price quotes are sent straight to your inbox. You can find the lowest rates AND an agent nearby.
Deciding on an insurance company needs to be determined by more than just the bottom line cost. Any agent should be forthright in answering these questions:
- How often do they review policy coverages?
- What insurance company do they write the most business with?
- How are they compensated?
- Do they specialize in personal lines coverage?
- Is the agency involved in supporting local community causes?
- Is working in the agency their full-time job?
- Does the agency have a good rating with the Better Business Bureau?
Shown below are Conway insurance companies that are able to give rate quotes.
State Farm Insurance – 1305 Main St, Conway, SC 29526 – (843) 248-5911
Allstate Insurance – 1602 Main St, Conway, SC 29526 – (843) 248-5200
Freddie L Martin Insurance – 8809 Highway 701 S, Conway, SC 29527 – (843) 397-2020
Helms Insurance Inc – 8253 Forest Lake Dr, Conway, SC 29526 – (843) 347-1313
Farm Bureau Insurance – 3873 Highway 501 W, Conway, SC 29526 – (843) 365-8580
<img class="alignright" style="padding-top:15px;" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-37.jpg" alt="Conway car insurance prices“/>
Upon getting satisfactory answers to your questions and locked in a price quote, you have narrowed it down to an insurer that can provide auto insurance coverage. But keep in mind policyholders can cancel your coverage at any point so never assume that you’re stuck with the auto insurance policy for any length of time.
How can Allstate and Progressive save drivers who switch?
Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads make an identical promise about savings if you change your policy. How does each company claim to save you money? This is how they do it.
Insurance companies have a certain “appetite” for the driver they prefer to insure. For example, a driver they prefer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a high credit rating. Any new insured who fits that profile is entitled to the best price and most likely will save a lot of money.
Consumers who don’t measure up to the requirements must pay higher premiums and this can result in business not being written. The ads state “customers who switch” not “people who quote” save that much money. That is how insurance companies can confidently advertise the savings. This illustrates why drivers must get as many comparisons as possible. It is impossible to predict which auto insurance company will have the lowest rates.
Auto insurance coverage basics
Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages for your vehicles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on the average auto insurance policy.
Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law (25/50/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive coverages – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a bird, a broken windshield, hitting a deer, falling objects and theft. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for X-ray expenses, hospital visits and ambulance fees. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay
Liability insurance – Liability coverage provides protection from damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability insurance covers things like pain and suffering, repair bills for other people’s vehicles, bail bonds and loss of income. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible. South Carolina state minimum liability requirements are 25,000/50,000/25,000 but drivers should carry more liability than the minimum.
Collision – Collision coverage pays for damage to your vehicle caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as hitting a mailbox, crashing into a ditch, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.
Online resources for education
Additional detailed information can be found at the South Carolina Department of Insurance website. South Carolina consumers can find out industry alerts, file complaints about a company, learn about specific coverages, and read enforcement actions against agents and companies.
The articles below may also help you learn more about auto insurance in Conway
Online plus local equals savings
When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. Too many times, an insured cut comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. Your goal should be to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.
In this article, we presented quite a bit of information on how to reduce auto insurance prices online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even find the biggest savings come from some of the smallest insurance companies. These companies often have lower prices on specific markets compared to the large companies like Allstate or State Farm.