Having to pay for high-priced Dodge Stratus insurance in Louisville can bleed your accounts and require stricter spending habits.
Remarkably, a study showed that the majority of drivers renewed their policy with the same company for at least the last four years, and virtually 40% of consumers have never compared quotes from other companies. Kentucky insurance shoppers could save themselves as much as 30% a year just by getting comparison quotes, but most tend to underestimate the amount of money they would save if they switched to a cheaper policy.
Steps to finding cheaper rates for Dodge Stratus insurance in Louisville
If you want to save the most money, the best way to save on Dodge Stratus insurance in Louisville is to compare prices regularly from insurers in Kentucky. This can be done by following these steps.
- Take a little time to learn about auto insurance and the measures you can control to prevent expensive coverage. Many rating factors that result in higher prices such as traffic tickets, fender benders, and an imperfect credit score can be remedied by improving your driving habits or financial responsibility.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from many different companies. Click to view companies
- Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Louisville. If you find a better price and switch companies, make sure there is no coverage gap between policies.
- Give proper notification to your current agent or company of your intention to cancel your existing policy. Submit the application along with any required down payment to the new company. When you receive it, place the new certificate verifying coverage in an easily accessible location.
One piece of advice is that you’ll want to compare identical deductibles and limits on each quote and and to compare as many car insurance companies as possible. This guarantees an accurate price comparison and a thorough price selection.
People have so many auto insurance companies to purchase coverage from, and though it is a good thing to have a choice, more options can take longer to find a good deal for Dodge Stratus insurance in Louisville.
You should take the time to get comparison quotes on a regular basis because prices are usually higher with each renewal. Even if you think you had the best quotes on Dodge Stratus insurance in Louisville a year ago there may be better deals available now. You can find a lot of information about Stratus insurance on the web, but by reading this article, you’re going to learn some excellent ideas to lower your insurance bill.
Buying affordable auto insurance in Louisville can initially seem challenging. Basically, every vehicle owner who is overpaying for auto insurance should find lower prices. Although Kentucky consumers must learn how companies price online insurance because it can help you find the best coverage.
To find the best insurance quotes, there are several ways to compare prices from all the different companies. One of the best ways to find cheaper Dodge Stratus rates consists of obtaining rate quotes online.
Getting rate quotes online is very simple and it replaces the need to drive to local Louisville insurance agencies. The ability to buy insurance online eliminates the middleman unless you prefer the professional abilities that only a licensed agent can provide. If you prefer, some companies allow you to obtain prices from the web and get advice from an agent in your area. Keep in mind that comparing all the rates in your area increases your odds of finding the best rates.
The companies shown below offer price quotes in Kentucky. To buy the cheapest car insurance in KY, we suggest you get rates from several of them in order to find the cheapest rates.
Lower rate quotes with these five discounts
Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that you may not know about. A few discounts will be applied at quote time, but less common discounts must be specifically requested before you will receive the discount.
- Driver’s Education for Students – Require your teen driver to enroll in driver’s education in school.
- Good Student Discount – Maintaining excellent grades may save as much as 25% on a Louisville car insurance quote. You can use this discount normally up until you turn 25.
- Federal Government Employee – Active or retired federal employment could provide a small rate reduction with certain companies.
- Homeowners Savings – Just owning your own home can save you money because it shows financial diligence.
- Buy New and Save – Insuring a new Stratus is cheaper because newer vehicles have to meet stringent safety requirements.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only apply to individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, you’re out of luck. Any amount of discount will cut your policy premium.
Some of the larger companies that may have these money-saving discounts may include but are not limited to:
Before purchasing a policy, check with every insurance company which discounts you may be entitled to. A few discounts may not apply to policies everywhere. To find providers who offer insurance discounts in Kentucky, click here.
Independent versus exclusive insurance agencies
Some consumers just prefer to talk to a local agent. One of the best bonuses of getting free rate quotes online is you may find cheaper rates and still have an agent to talk to.
Once you complete this quick form, your information gets sent to insurance agents in Louisville that provide free Louisville car insurance quotes for your insurance coverage. There is no need to search for any insurance agencies due to the fact that quote results will go immediately to your email address. You can find better rates AND an agent nearby. If you want to get a rate quote from a specific insurance provider, you just need to go to their quote page and fill out their quote form.
Finding the right insurer shouldn’t rely on just the quoted price. These questions are important to ask:
- Can they provide you with a list of referrals?
- Is vehicle damage repaired with OEM or aftermarket parts?
- When do they do a full risk review?
- What insurance company do they write the most business with?
- Will their companies depreciate repairs to your car based on the mileage?
- Does the agent recommend any additional coverage?
- Will the agent help in case of a claim?
The different types of car insurance agents
When narrowing the list to find an insurance agent, you should know the types of agencies to choose from. Agents can be classified as either independent agents or exclusive agents depending on their employer.
Exclusive Insurance Agents
These agents can only write with one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to compare rates from other companies so always compare other rates. These agents receive extensive training in insurance sales which helps them sell on service rather than price.
Listed below are Louisville exclusive insurance agencies willing to provide price quotes.
Independent Insurance Agents
These agents do not sell for just one brand so they can quote policies with many different companies and possibly get better coverage at lower prices. If your agent finds better pricing, they simply move the coverage in-house which requires no work on your part.
When comparing rate quotes, you definitely need to contact independent agents to have the best price comparison.
Listed below are independent insurance agencies in Louisville willing to provide price quotes.
Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
Everyone needs different insurance coverages
When buying insurance from an agent or online, there is no one-size-fits-all type of policy. You are unique.
For example, these questions can aid in determining if your situation will benefit from professional help.
- Do I need more liability coverage?
- Does my insurance cover my expensive audio equipment?
- Do I have coverage if I rent a car in Mexico?
- Can good grades get a discount?
- Do I pay less if my vehicle is kept in my garage?
- Am I covered if I drive in a foreign country?
- When can my company non-renew my policy?
- Does my car insurance cover rental cars?
- I have a DUI can I still get coverage?
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form.
Insurance is not optional
Despite the fact that insurance is not cheap in Louisville, insuring your vehicle is a good idea for several reasons.
First, the majority of states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage in order to drive the car legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a loan, it’s guaranteed your bank will have a requirement that you buy insurance to guarantee payment of the loan. If you do not keep the policy in force, the lender may have to buy a policy to insure your Dodge at an extremely high rate and require you to pay the higher premium.
Third, insurance preserves your Dodge Stratus and your assets. It will also cover many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay attorney fees if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will pay to have it repaired.
The benefits of carrying adequate insurance more than offset the price you pay, particularly when you have a large claim. The average driver in Kentucky is currently overpaying as much as $820 a year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.
Information about specific coverages
Knowing the specifics of a car insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.
Collision coverage protection
Collision coverage pays for damage to your Stratus resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage protects against claims such as sideswiping another vehicle, hitting a parking meter, colliding with a tree and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible on your Stratus in order to get cheaper collision rates.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your Dodge Stratus.
Because many people only carry the minimum required liability limits (25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP kick in for expenses for things like X-ray expenses, funeral costs, pain medications and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as falling objects, damage from getting keyed, a broken windshield, rock chips in glass and theft. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Auto liability insurance
This can cover damage or injury you incur to other’s property or people that is your fault. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/10 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property.
Liability coverage protects against claims like loss of income, legal defense fees, pain and suffering, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford. Kentucky requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.
The next chart demonstrates why low liability limits may not be adequate.
Persistence pays off
Consumers switch companies for any number of reasons including high rates after DUI convictions, questionable increases in premium, lack of trust in their agent and even delays in responding to claim requests. Whatever your reason, finding a new company can be easier than you think.
Some car insurance companies may not provide online quoting and most of the time these smaller companies prefer to sell through independent insurance agencies. The cheapest Dodge Stratus insurance in Louisville is possible online in addition to many Louisville insurance agents, and you need to price shop both to have the best chance of lowering rates.
When shopping online for car insurance, do not reduce coverage to reduce premium. There have been many situations where someone sacrificed liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.
Steps to saving on Dodge Stratus insurance in Louisville
The most effective way to find cheaper prices for Dodge Stratus insurance in Louisville is to make a habit of regularly comparing prices from providers who sell auto insurance in Kentucky. You can compare prices by completing these steps.
First, gain an understanding of the different coverages in a policy and the things you can change to keep rates in check. Many policy risk factors that cause high rates like speeding tickets, careless driving and a substandard credit score can be remedied by improving your driving habits or financial responsibility.
Second, compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple sources.
Third, compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
A good piece of advice is to compare identical coverages on each price quote and and to get price estimates from every insurance company. This provides an apples-to-apples comparison and a good representation of prices.
Other learning opportunities
- Teen Driving and Texting (State Farm)
- Who Has Cheap Louisville Car Insurance for Used Cars? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Nissan Sentra in Louisville? (FAQ)
- How Much are Auto Insurance Rates for a Chevrolet Silverado in Louisville? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Dodge Ram in Louisville? (FAQ)
- How Much are Auto Insurance Rates for Lyft Drivers in Louisville? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for Nurses? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- A Tree Fell on Your Car: Now What? (Allstate)