No one in their right mind likes paying for auto insurance, especially knowing they are paying too much. Big companies like Allstate, Progressive and GEICO continually bombard you with ad campaigns and it can be hard to ignore the promise of big savings and find the best price available.
Which Auto Insurance is Cheapest?
Finding cheaper Ferrari 348 GTS auto insurance prices is not rocket science. Just take time to compare quotes online with multiple companies. This can be done in just a few minutes using one of these methods.
- One of the best ways consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This type of form keeps you from doing separate quote forms for every auto insurance company. One quote request will get you rate comparisons instantly.
- A more time consuming way to analyze rates is going to each company’s website to complete a price quote. For instance, we’ll pretend you want rates from Liberty Mutual, Farmers and GMAC. To find out each rate you need to spend time on each company’s site and enter your information, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
- The hardest way to compare rates to local insurance agencies. Shopping for auto insurance online can eliminate the need for a local agent unless you prefer the trained guidance only provided by licensed agents. You can, however, comparison shop your insurance online and get advice from an agent in your area and we’ll cover that in a bit.
It’s your choice how you get your quotes, but make darn sure you compare apples-to-apples deductibles and coverage limits with every price quote. If you have higher or lower deductibles you can’t possibly make an equal comparison.
Take discounts and save
The price of auto insurance can be rather high, but there could be available discounts that can drop the cost substantially. Most are applied when you purchase, but some may not be applied and must be asked about before you get the savings. If they aren’t giving you every credit you deserve, you are paying more than you should be.
- Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on 348 GTS insurance than their less cautious counterparts.
- Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
- Service Members Pay Less – Having a deployed family member can result in better rates.
- Memberships – Belonging to certain professional organizations could qualify you for a break when shopping for auto insurance on 348 GTS insurance.
- Early Switch Discount – Some companies give discounts for switching policies before your current expiration date. It’s a savings of about 10%.
- Drivers Education – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
- Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could save 15% off your medical payments premium.
- One Accident Forgiven – A few companies will allow you to have one accident before raising your premiums if your claims history is clear for a certain period of time.
Drivers should understand that most credits do not apply to the entire cost. A few only apply to individual premiums such as comp or med pay. So despite the fact that it appears you could get a free auto insurance policy, companies don’t profit that way. But any discount will bring down your overall premium however.
Are insurance agents obsolete?
Certain consumers would rather visit with an insurance agent and there is nothing wrong with that. Agents can help determine the best coverages and give you someone to call. One of the best bonuses of price shopping on the web is you can get lower rates and still have an agent to talk to. And supporting local insurance agencies is important especially in smaller rural communities.
By using this quick form, your insurance coverage information gets sent to participating agents who will give you bids for your coverage. You don’t have to even leave your home since price quotes are sent immediately to your email address. How cool is that?!
Choose an insurance agent wisely
If you’re trying to find a local agent, there are two types of insurance agents from which to choose. Insurance agencies are classified as either independent (non-captive) or captive. While both can insure your vehicles, but it’s worth learning the difference between them because it can impact your selection of an agent.
Independent Agents
Independent agencies do not work for one specific company so they have the ability to put coverage with lots of companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and you don’t have to find a new agent. When shopping rates, we recommend you include multiple independent agents to have the most options to choose from.
Captive Insurance Agents
Captive agents work for only one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Captives cannot provide prices from multiple companies so keep that in mind. Captive agencies receive extensive training on their company’s products which helps them compete with independent agents.
For a complete listing of insurance agents, visit this site.
Selecting an insurance agent shouldn’t rely on just the price. Some important questions to ask are:
- Does the agency have a good rating with the Better Business Bureau?
- Does the company allow you to choose your own collision repair facility?
- Is vehicle damage repaired with OEM or aftermarket parts?
- What insurance companies do they work with?
- If you have an accident, will your rates go up?
- Are claim adjusters local or do you have to take your car somewhere else?
After getting acceptable answers for all questions you ask and a low price estimate, you have narrowed it down to an insurance agent that can insure your vehicles.
Ferrari 348 GTS rates influenced by many factors
Smart consumers have a good feel for the different types of things that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates enables informed choices that will entitle you to big savings.
- Careful drivers pay lower rates – Good drivers tend to pay less for car insurance compared to drivers with tickets. Even one moving violation can increase rates twenty percent or more. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
- Women pay lower rates – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. They both tend to get into accidents at about the same rate, but men have costlier accidents. Men also receive more costly citations such as reckless driving. Young males are most likely to cause an accident and therefore have the most expensive auto insurance rates.
- What are your deductibles? – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your Ferrari from damage. Some instances where coverage would apply would be running into the backend of another car, vandalism, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before your auto insurance pays a claim. The more you are required to pay out-of-pocket, the less your auto insurance will be on 348 GTS insurance.
- Drive a safer car and pay less – Vehicles with good safety scores are cheaper to insure. These vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts and lower rates for you. If your Ferrari 348 GTS scored better than four stars on Safercar.gov it is probably cheaper to insure.
- Policy add-ons can waste money – There are quite a few extra bells and whistles that you can get tricked into buying on your 348 GTS policy. Things like rental car reimbursement, accidental death and membership fees may be wasting your money. They may seem like a good idea when you first buy your policy, but your needs may have changed so remove them from your policy.
- High performance equals high price – The performance level of the car you own makes a big difference in determining your rates. The lowest rates are generally reserved for low performance passenger cars, but other factors influence the final cost greatly. Because the Ferrari 348 GTS is considered a luxury sports car, insurance will be up to twice as much as compared to the average rate.
- Marriage pays dividends – Getting married can get you a discount on auto insurance. Marriage is viewed as being more mature and statistics show drivers who are married are more cautious.
In Summary
The cheapest Ferrari 348 GTS insurance is attainable on the web as well as from independent agents, and you need to price shop both to get a complete price analysis. A few companies don’t offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
We just presented many ideas to lower your Ferrari 348 GTS insurance rates. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. You may be surprised to find that the best price on auto insurance is with some of the lesser-known companies. They can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.
