Is Your Huron, SD Auto Insurance Costing Too Much?

Having to pay for overpriced auto insurance can drain your personal savings and make it impossible to make ends meet. Shopping your coverage around is a great way to tighten up your finances.

Big companies like Progressive, State Farm and GEICO persitently shower you with fancy advertisements and consumers find it hard to not get sucked in by the cute commercials and find the best price available.

You should take the time to get comparison quotes on a regular basis because prices go up and down regularly. Just because you had the lowest rates two years ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the only way to get good coverage at a lower rate.

If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Finding the best rates in Huron is not that difficult. But South Dakota car owners must know the way companies compete online because it can help you find the best coverage.

Save Money with These Tips

An important part of buying insurance is that you know the factors that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to big savings.

• Do you have a high stress job? – Occupations like lawyers, executives and accountants are shown to have higher rates than average because of job stress and lots of time spent at work. On the flip side, occupations such as scientists, athletes and the unemployed pay the least.
• Don’t get talked into coverage you don’t need – There are a lot of extra coverages you can purchase if you aren’t careful. Insurance for vanishing deductibles, better glass coverage and membership fees are some examples. These may sound like a good investment when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
• Lower deductibles cost more – Deductibles for physical damage represent how much money you are willing to pay if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are colliding with a building, collision with an animal, and windstorm damage. The higher the amount you have to pay, the bigger discount you will receive.
• Don’t let your coverage lapse – Having an insurance coverage lapse is a quick way to increase your auto insurance rates. And not only will your rates increase, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.

Do you qualify for a discount?

The cost of insuring your cars can be expensive, but you can get discounts to help bring down the price. Most are applied at the time of purchase, but a few must be asked for in order for you to get them.

• Homeowners Discount – Owning a home in Huron may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
• Federal Employees – Active or retired federal employment can earn a discount up to 10% with a few auto insurance companies.
• Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
• Club Memberships – Participating in a civic or occupational organization could trigger savings when buying auto insurance.
• Distant Student – Youth drivers who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.
• Drive Less and Save – Driving fewer miles could qualify for better rates on cars that stay parked.
• Good Student – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.
• Multiple Cars – Insuring all your vehicles on the same auto insurance policy could earn a price break for each car.

It’s important to note that most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates adding up those discounts means a free policy, companies wouldn’t make money that way. But all discounts will bring down your premiums.

Additional auto insurance information is located on the website for the South Dakota Division of Insurance through this link. South Dakota consumers can get help finding coverage, read state legal mandates and laws, and report car insurance fraud.

Shop smart and save

Low-cost auto insurance can be found both online in addition to many Huron insurance agents, so compare prices from both to get a complete price analysis. Some auto insurance companies do not provide online quoting and most of the time these small, regional companies sell through independent agents.

As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. There are many occasions where an insured dropped full coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at an affordable rate.