Know How to Find the Cheapest Price on Maryville, TN Auto Insurance

Are you sick and tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as millions of other consumers. Having so many options when it comes to auto insurance, it’s difficult to choose the lowest price provider.

Don’t pay full price with these discounts

Companies that sell car insurance do not advertise all available discounts very well, so we researched both well-publicized and the more hidden savings tricks you should be using. If you don’t get every credit you deserve, you are throwing money away.

• New Car Discount – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
• Good Students Pay Less – This discount can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
• Federal Government Employee – Active or retired federal employment can save as much as 8% with a few auto insurance companies.
• Drive Safe and Save – Safe drivers may save up to 50% more than less cautious drivers.
• Club Memberships – Participating in a civic or occupational organization may earn a discount when shopping for auto insurance.
• Distant Student – Youth drivers who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
• Multiple Cars – Buying insurance for all your vehicles on the same auto insurance policy could earn a price break for each car.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. A few only apply to individual premiums such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, you’re out of luck.

To choose insurers who offer auto insurance discounts in Tennessee, click here.

Why your price might be higher

Smart consumers have a good feel for the rating factors that come into play when calculating auto insurance rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

The list below includes some of the items used by your company to calculate rates.

• Please use or commuting – Driving more miles in a year’s time the more you will pay for auto insurance. The majority of insurers charge to insure your cars determined by how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates compared to those used for work or business. Double check that your auto insurance coverage is rated on the proper vehicle usage.
• Liability coverage protects you – Your policy’s liability coverage is the protection when a court rules you are at fault for damages from an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.
• Low deductibles can be expensive – Your deductibles define the amount you are required to spend before a claim is paid by your company. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of claims that would be covered could be running into the backend of another car, damage caused by hail, and burglary. The higher the amount the insured has to pay upfront, the bigger discount you will receive.
• Lower rates with optional equipment – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
• Your location affects your rates – Living in a small town can be a good thing when it comes to auto insurance. Fewer drivers translates into fewer accidents. Urban drivers have to deal with much more traffic to deal with and longer commute times. More time on the road can result in more accidents.
• Multiple policies with one company can save – Some insurers provide better rates to insureds who consolidate policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even with this discount, it’s still a good idea to compare rates to make sure you are getting the best deal.

Do auto insurance companies bend the truth?

Tennessee consumers can’t ignore all the ads for the lowest price auto insurance from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim of big savings if you change your coverage to them.

How can each company make almost identical claims?

Different companies are able to cherry pick for the type of customer that makes them money. For example, a preferred risk might be a mature driver, a clean driving record, and drives less than 7,500 miles a year. A propective insured who meets those qualifications is entitled to the best price and is almost guaranteed to cut their rates substantially.

Potential customers who do not match the requirements will have to pay a more expensive rate which leads to business not being written. The ad wording is “customers that switch” not “everyone that quotes” save that much money. This is how companies can advertise the way they do. Because of the profiling, drivers must compare many company’s rates. It’s not possible to predict which auto insurance company will give you the biggest savings.

More tips and info about auto insurance can be read at the Tennessee Department of Commerce and Insurance website. Tennessee consumers can get help finding coverage, learn about insurance regulations, find disaster information, and view a list of available companies.

Final considerations

The cheapest auto insurance can be found online as well as from independent agents in Maryville, and you need to comparison shop both so you have a total pricing picture. Some insurance companies don’t offer the ability to get a quote online and these small, regional companies work with independent agents.

As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. In many instances, drivers have reduced liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Throughout this article, we presented many tips how you can reduce auto insurance prices online. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. You may even discover the lowest premiums are with some of the smallest insurance companies. Some small companies often have lower prices on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.