Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me when I say you’re not the only one. Lots of car insurance companies contend to insure your vehicles, so it can be very hard to choose a insurance company to discover the definitive best rates possible.
Don’t overlook these discounts
Insuring your vehicles can cost a lot, buy you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied when you get a quote, but some may not be applied and must be asked about before they will apply. If they aren’t giving you every credit available, you are paying more than you should be.
- Air Bag Discount – Vehicles equipped with air bags can receive discounts of up to 25% or more.
- Auto/Life Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
- Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you could save up to 5%.
- Early Signing – Select companies give a discount for signing up prior to your current policy expiring. This can save 10% or more.
- Fewer Miles Equal More Savings – Keeping the miles down on your Toyota can earn better rates on cars that stay parked.
Drivers should understand that most discounts do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way. But all discounts will reduce the amount you have to pay.
To see a list of insurers offering auto insurance discounts, follow this link.
Save $388 a year? Really?
Drivers can’t get away from ads that promise big savings from the likes of State Farm, GEICO and Progressive. All the ads say the same thing about savings if you move your coverage to them.
How do they all say the same thing? It’s all in the numbers.
All companies are able to cherry pick for the driver they prefer to insure. For instance, a driver they prefer could possibly be a mature driver, has no tickets, and chooses high deductibles. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and as a result will probably save a lot of money.
Potential customers who do not match the requirements must pay higher rates which usually ends up with business not being written. The ads say “customers that switch” but not “drivers who get quotes” save that much. This is how companies can advertise the way they do.
This illustrates why drivers must get quotes from several different companies. It’s just too difficult to predict which insurance companies will give you the biggest savings.
In the end, you save
As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped liability limits or collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.
We just covered many tips how you can reduce Toyota Previa insurance prices online. It’s most important to understand that the more times you quote, the higher your chance of finding lower rates. You may even discover the best price on auto insurance is with a small local company. Regional companies may only write in your state and offer lower rates than their larger competitors like Allstate or State Farm.
