Easy Techniques to Cut Costs on Greenwood Indiana Auto Insurance
Expensive auto insurance can empty your bank account and force you to make sacrifices. Comparing price quotes is a great way to slash your bill and have more diposable income.
Because you have many auto insurance companies to choose from, it can be challenging to find the lowest price company.
What impacts Greenwood insurance rates?
Smart consumers have a good feel for the factors that come into play when calculating the rates you pay for auto insurance. Having a good understanding of what impacts premium levels enables informed choices that could result in big savings.
The list below includes some of the factors auto insurance companies consider when setting premiums.
- Older drivers pay less – Youthful drivers in Indiana have a tendency to be careless and easily distracted behind the wheel so they pay higher auto insurance rates. Having to add a youthful driver to your auto insurance policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and are safer drivers.
- High crash test scores lower rates – Vehicles with high crash test scores are cheaper to insure. Safe vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates.
- Pay less if you’re married – Having a wife or husband can actually save you money on your auto insurance policy. Having a spouse is viewed as being more mature than a single person it has been statistically shown that drivers who are married are more cautious.
- Sex matters – The statistics show women are more cautious behind the wheel. However, don’t assume that men are worse drivers. Both sexes have accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations like DUI and reckless driving.
- Liability coverage protects you – The liability section of your policy will protect you if ever you are found liable for personal injury or accident damage. It will provide legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
- Don’t cancel a policy without a new one in place – Driving with no insurance is a misdemeanor and you will pay a penalty because you let your coverage have a gap. Not only will rates go up, getting caught without coverage might get you a steep fine or even jail time.
- One company can mean more discounts – Some auto insurance companies will award you with lower prices to customers who have multiple policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to shop around to ensure the best deal. Drivers may still find better rates by splitting coverages up.
Do you qualify for discounts?
Insurance can be prohibitively expensive, but you can get discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be manually applied before they will apply.
- Sign Early and Save – Select companies give a discount for buying a policy prior to your current policy expiration. It can save you around 10%.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
- Life Insurance – Larger companies have lower rates if you buy life insurance.
- Fewer Miles Equal More Savings – Fewer annual miles could be rewarded with a substantially lower rate.
- Government Employees – Active or retired federal employment could cut as much as 10% off depending on your company.
- One Accident Forgiven – Some insurance companies will forgive one accident without raising rates as long as you don’t have any claims for a set time period.
- Multiple Cars – Insuring all your vehicles on one policy qualifies for this discount.
- Driver’s Ed – Have your child enroll in driver’s education if it’s offered in school.
- Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The good student discount can last up to age 25.
A little note about advertised discounts, some credits don’t apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears you could get a free auto insurance policy, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce the cost of coverage.
For a list of insurers with discount auto insurance rates in Indiana, click here.
Won’t my local insurance agent miss me?
A small number of people prefer to visit with an insurance agent and that is OK! The best thing about getting online price quotes is the fact that you can find better rates and still choose a local agent. And supporting small agencies is important particularly in Greenwood.
To make it easy to find an agent, after completing this quick form, your insurance data gets sent to companies in Greenwood who will compete to get your business. There is no reason to visit any agencies as quotes are delivered immediately to your email address. How’s that for easy! It’s the lowest rates and an insurance agent to talk to.
To view licensed agents in Greenwood, please view this page.
Deciding on a company requires more thought than just the price. Some important questions to ask are:
- Is working in the agency their full-time job?
- If you have an accident, will your rates go up?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are they properly licensed to sell insurance in Indiana?
- How much will you save each year by using a higher deductible?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do they have any clout with companies to ensure a fair claim settlement?
- How long has their agency been open in Greenwood?
Upon receiving acceptable answers to these questions and locked in a price quote, most likely you have located a company that is a good match to properly insure your vehicles.
Is there deception in advertising?
Companies like State Farm, Allstate and GEICO continually stream television and radio advertisements. All the ads make an identical promise that you’ll save big after switching to them. How does each company say the same thing?
Different companies are able to cherry pick for the right customer that is profitable for them. For instance, a driver they prefer could possibly be over the age of 40, a clean driving record, and drives less than 10,000 miles a year. Any new insured who fits that profile will qualify for the lowest rates and therefore will save when they switch companies.
Drivers who do not match the requirements must pay higher prices and this can result in the customer not buying. The ad wording is “drivers who switch” not “people who quote” save that much. That’s the way companies can truthfully advertise the savings.
This illustrates why drivers should quote coverage with many companies. It’s just too difficult to predict which insurance companies will provide you with the cheapest rates.
Additional auto insurance information can be read on the website for the Indiana Department of Insurance found here. Indiana drivers can file complaints about a company, find out which companies have the most complaints, and download brochures.
More related Greenwood auto insurance information:
Quote often and quote early
We’ve covered some good ideas how you can compare auto insurance prices online. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the most savings is with the least-expected company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate and Progressive.
Cheap auto insurance is possible on the web as well as from independent agents in Greenwood, so you should be comparing quotes from both to get a complete price analysis. A few companies don’t offer the ability to get a quote online and these regional insurance providers work with independent agents.