Have you fallen victim to an underperforming, overpriced car insurance policy? Believe me when I say there are lots of people in the same boat.
Multiple auto insurance companies compete for your business, so it’s not easy to compare every insurance company and get the best coverage at the lowest rate possible.
How to Compare Car Insurance Rates
When shopping for car insurance there are multiple ways to compare quotes from different insurance companies. The best method to find the lowest Ferrari 348 TB rates is simply to get online rate quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.
- The easiest and least time consuming way to get the best comparison quotes is to use a rate comparison form click to view form in new window. This form keeps you from doing separate forms for every car insurance company. Completing one form will get you price quotes from many national carriers.
- A more difficult way to analyze rates is to manually visit the website for every company you want to comare to complete their respective quote request forms. For sake of this example, we’ll assume you want to compare rates from State Farm, Allstate and GEICO. To get rate quotes you would need to visit each site to enter your coverage information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
- The most time-consuming method of comparing rate quotes is to waste gas driving to insurance agents’ offices. Buying insurance online makes this process obsolete unless you require the personal advice that only a license agent can provide. However, consumers can comparison shop online and still use a local agent and we’ll cover that in a bit.
Whichever way you use, make sure you use exactly the same coverage limits for each comparison quote. If each company quotes higher or lower deductibles it will be impossible to determine which rate is truly the best. Just a small difference in insurance coverages may cause a big price difference. And when comparison shopping, having more price comparisons helps you find the best rates.
Take advantage of discounts
Car insurance is not cheap, but there are discounts available that you may not even be aware of. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be inquired about before they will apply.
- Accident Waiver – Some insurance companies permit an accident before raising your premiums if you are claim-free for a particular time prior to the accident.
- Save over 55 – Older drivers can possibly qualify for a small decrease in premiums for 348 TB coverage.
- Homeowners Discount – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
- Club Memberships – Belonging to a civic or occupational organization may earn a discount when buying car insurance for 348 TB coverage.
- Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
- Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for 348 TB coverage than less cautious drivers.
- Discount for New Cars – Insuring a new car can be considerably cheaper since new cars are generally safer.
- Drive Less and Save – Fewer annual miles on your Ferrari can earn lower rates on the low mileage vehicles.
- Life Insurance Discount – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
- No Claims – Drivers with accident-free driving histories can earn big discounts compared to accident-prone drivers.
Consumers should know that many deductions do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will bring down your premiums.
Your Ferrari 348 TB insurance rate is a complex equation
An important part of buying insurance is that you know some of the elements that play a part in calculating your car insurance rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that can help you get much lower annual insurance costs.
Shown below are a few of the “ingredients” used by your company to calculate your rates.
- One company can mean more discounts – Many insurers will award you with lower prices to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. If you currently are using one company, it’s in your best interest to compare rates to verify if the discount is saving money. You may still find a better deal by buying car insurance from a different company.
- Battle of the sexes – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Both sexes are in accidents in similar percentages, but men tend to have more serious accidents. Men also have more aggressive citations like reckless driving and DUI.
- Rural vs Urban Areas – Residing in a rural area can save you money when insuring your vehicles. City drivers have to deal with traffic congestion and much longer commute distances. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims.
- Better crash test results mean better rates – Vehicles with good safety scores are cheaper to insure. The safest vehicles protect occupants better and better occupant protection means lower claim amounts and more competitive rates for policyholders. If your Ferrari 348 TB scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
- Bump up deductibles to save – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Ferrari. Some instances where coverage would apply are colliding with a building, damage caused by hail, and burglary. Your deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the bigger discount you will receive for 348 TB coverage.
Shop online but buy locally
Some people just want to sit down with an agent and there is nothing wrong with that. The biggest benefit of comparing rates online is you may find the best rates and still choose a local agent. And supporting local businesses is especially important in smaller rural communities.
Upon completion of this simple form, the coverage information is sent to insurance agents who will battle for your insurance coverage. You won’t need to leave your house because quoted prices will be sent to your email. How’s that for easy! It’s the lowest rates and work with a local agent.
Different types of insurance agencies
When searching for an insurance agent, there are two types of insurance agents from which to choose. Agencies are either captive or independent.
Independent Agents
These agents are not locked into one company but rather can write business with lots of companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move the coverage in-house without you having to go to a different agency. When comparison shopping, we recommend you include price quotes from several independent insurance agents to ensure the widest selection of prices.
Agency Captives
Captive agencies can only write with one company and examples are American Family, Liberty Mutual and AAA. These agents are not able to place coverage with different providers so they have to upsell other benefits. Captive agents are well schooled in insurance sales and that can be a competitive advantage.
For a full directory of agents, visit this page.
Picking an insurance agent needs to be determined by more than just a low price. Ask your prospective agent these questions:
- Does the agency have a good rating with the Better Business Bureau?
- Do they carry Errors and Omissions coverage?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Do they regularly work with personal auto policies?
- Is the agency involved in supporting local community causes?
After receiving acceptable answers and a good coverage price, you may have just found an auto insurance agent that can properly service your car insurance policy.
Do the work, save more money
When you buy insurance online, do not sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced liability coverage limits to discover at claim time that it was a big error on their part. Your aim should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.
Lower-priced Ferrari 348 TB insurance can be bought online as well as from independent agents, so you should compare both in order to have the best chance of saving money. Some companies don’t offer online quoting and many times these smaller companies only sell through independent insurance agents.
