How to Know You’re Paying Too Much for Car Insurance in Narragansett Rhode Island

No one in their right mind looks forward to buying car insurance, particularly when their premiums are through the roof.

There is such a variety of insurers to pick from, and although it’s nice to have a selection, lots of choices makes it harder to compare company pricing.

You need to take a look at other company’s rates every six months because insurance rates are constantly changing. Despite the fact that you may have had the lowest rates last year you can probably find a lower rate today. Starting now, ignore everything you know about car insurance because you’re going to learn the fastest and easiest way to save on car insurance.

Buying affordable coverage in Narragansett is easy if you know what you’re doing. Basically, anyone who is required by state law to have car insurance will be able to lower their premiums. Nevertheless, Rhode Island consumers should learn how big insurance companies price insurance differently and use this information to your advantage.

How to Compare Car Insurance Quotes in Narragansett, RI

Most major insurance companies quote coverage price quotes online. Getting online rates is pretty painless as you simply enter your coverage information into the quote form. After you submit the form the system pulls information on your driving record and credit history and returns a price quote based on these factors. Online quotes streamlines rate comparisons, but the work required to visit multiple sites and fill out multiple forms can be a bit repetitive. Unfortunately, it is important to get many rate quotes in order to get lower prices.

Isn’t there an easier way to compare rates?

A less time-consuming method to locate the lowest prices makes use of a single form that analyzes rates from many companies. The form is fast, reduces the work, and makes online shopping a little more enjoyable. Immediately after you send the form, your coverage is rated with multiple companies and you can pick your choice of the quotes that you receive.

If you find a better price you can simply submit the application and purchase the new policy. The entire process only takes a few minutes and may result in a nice savings.

To compare pricing, simply click here to open in new window and submit the form. If you have a policy now, it’s recommended that you enter exactly as they are listed on your policy. Doing this assures you’re receiving a rate comparison based on identical coverages.

Cut your car insurance rates with discounts

Insurance can be prohibitively expensive, but you can get discounts that you may not even be aware of. Certain discounts will be applied at the time of quoting, but a few must be manually applied before you will receive the discount.

• Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in high school.
• Distant Student – Any of your kids who live away from home without a vehicle on campus can receive lower rates.
• Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
• Paperwork-free – Certain companies may give you up to $50 simply for signing online.
• Safe Drivers – Insureds without accidents may receive a discount up to 45% less than less cautious drivers.
• Low Mileage Discounts – Keeping the miles down can qualify you for a substantially lower rate.
• Homeowners Pay Less – Owning a home in Narragansett may trigger a car insurance policy discount because of the fact that having a home demonstrates responsibility.
• Memberships – Affiliation with a civic or occupational organization may earn a discount on your policy.
• Auto/Life Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
• Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy qualifies for this discount.

Keep in mind that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will reduce your overall premium however.

Good Decisions Result in Lower Rates

An important part of buying insurance is that you know the factors that go into determining car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that will entitle you to lower car insurance prices.

• Liability coverage is peace of mind – Your policy’s liability coverage is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. It will provide legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
• How credit affects car insurance rates – Your credit score is a huge factor in calculating your car insurance rates. If your credit rating is lower than you’d like, you could potentially save money when insuring your by repairing your credit. Consumers who have high credit ratings tend to be less risk to insure as compared to drivers with poor credit.
• Big city or small town – Choosing to live in less populated areas is a positive aspect when buying car insurance. Fewer drivers means fewer accidents and also fewer theft and vandalism claims. Drivers in populated Rhode Island areas tend to have more traffic problems and longer commutes to work. Longer commute distances means higher likelihood of an accident.
• One company can mean more discounts – Many car insurance companies give discounts to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even with this discount, it’s still a good idea to compare rates to ensure the best deal.
• Performance makes a difference – The type of vehicle you own makes a huge difference in the rate you pay. Lower performance four cylinder passenger cars generally receive the lowest base rates, but there are many factors that impact the final cost.

Better coverage you can count on

When shopping online for car insurance, don’t be tempted to reduce coverage to reduce premium. There are a lot of situations where an insured dropped liability coverage limits only to find out that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best price while not skimping on critical coverages.

You just read quite a bit of information on how to lower your car insurance rates. It’s most important to understand that the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the lowest premiums are with a small mutual company. Regional companies may only write in your state and offer lower rates compared to the large companies like GEICO and State Farm.

More information can be read on the website for the Rhode Island Division of Insurance Regulation found here. Rhode Island consumers can learn about insurance regulations, view a list of available companies, and find out which companies have the most complaints.

Other useful links include this link for Rhode Island coverage information and this page for help finding agents in Narragansett, RI.