Astonishing but true according to a recent study, about 70% of customers kept buying from the same company for a minimum of four years, and approximately 40% of consumers have never even compared rates from other companies. Drivers in Louisville could pocket approximately $630 a year, but they just don’t understand how easy it is to compare rate quotes online.
The best way to get low-cost Lexus RC F insurance in Louisville is to compare quotes once a year from companies who sell insurance in Kentucky.
- First, get a basic knowledge of what coverages are included in your policy and the factors you can control to prevent expensive coverage. Many things that are responsible for high rates like traffic tickets, fender benders, and a less-than-favorable credit score can be remedied by making small lifestyle or driving habit changes. Later in this article we will cover more ideas to get lower rates and earn larger discounts.
- Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO and State Farm, while independent agencies can give you price quotes from multiple insurance companies.
- Third, compare the new quotes to your existing policy and see if there is a cheaper rate in Louisville. If you find a lower rate quote and decide to switch, make sure there is no coverage gap between policies.
- Fourth, give proper notification to your current agent or company of your intent to cancel the current policy. Submit any necessary down payment along with the completed application for the new policy. As soon as you receive it, place your new certificate of insurance in an easily accessible location.
An important bit of advice to remember is to make sure you’re comparing identical deductibles and limits on every price quote and and to get quotes from every company you can. Doing this guarantees a level playing field and a thorough price selection.
If you are insured now, you will surely be able to lower your rates using the techniques presented in this article. The purpose of this article is to instruct you on the best way to quote coverages and how you can save the most money. But Kentucky car owners do need to learn the way companies determine premium rates and use this information to your advantage.
Six Tips to Get Lower-cost Louisville Insurance Premiums
Part of the insurance buying process is learning some of the things that help determine the price you pay for insurance. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that could help you find lower insurance prices. Lots of things are part of the calculation when quoting car insurance. Some are pretty understandable like a motor vehicle report, although some other factors are less apparent like your continuous coverage or how financially stable you are.
Shown below are some of the items that factor into your rate level.
- Cheaper rates with high deductibles – The deductibles are how much you are required to spend if a covered claim is submitted. Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of covered claims could be rear-ending another vehicle, vandalism, and damage caused by road hazards. The more of the claim the insured has to pay upfront, the less money you will pay for insurance.
- A policy lapse can increase insurance rates – Allowing your insurance policy to lapse is a fast way to bump up your insurance costs. In addition to paying higher premiums, getting caught without coverage might get you a steep fine or even jail time. You may need to file a SR-22 with the Kentucky motor vehicle department.
- Prices are affected by your address – Being located in less populated areas of the country can save you money when insuring your vehicles. Fewer drivers on the road means reduced accidents and a lower car theft rate. People who live in big cities tend to have more aggressive driving styles and higher rates of accident claims. More time commuting means a statistically higher chance of an accident.
- More performance means higher prices – The type of car, truck or SUV you are trying to find cheaper insurance for makes a huge difference in your rates. The cheapest insurance rates will generally be found on the lowest performance passenger models, but that’s not the only thing that factors into the final price.
- Only buy extra policy coverages you need – Insurance companies have many extra coverages you can purchase if you aren’t diligent. Insurance for coverage for rental cars, death and dismemberment, and membership fees are examples of these. The coverages may be enticing when buying your policy, but now you might not need them so get rid of them and save.
- How much liability coverage do you need? – The liability section of your policy is the coverage that protects you in the event that you are ruled to be at fault for an accident. This coverage provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should carry high limits.
These discounts can lower your insurance rates
Companies don’t always list all possible discounts in an easy-to-find place, so we researched both the well known in addition to some of the lesser obvious discounts that may be available.
- Drive Less and Save – Driving fewer miles can earn substantially lower insurance rates.
- Good Students Pay Less – This discount can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
- Active Service Discounts – Being deployed with a military unit could mean lower insurance rates.
- E-sign – Some of the larger companies will discount your bill up to fifty bucks for signing up on the web.
- Safe Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
- Early Signing – Select insurance companies give a discount for signing up before your current RC F insurance policy expires. Ten percent is about the average savings.
- Theft Deterrent Discount – Vehicles equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your Louisville car insurance quote.
- Accident-Free Discounts – Insureds who avoid accidents and claims can save substantially when compared with insureds who have frequent claims or accidents.
- Policy Bundle Discount – If you have multiple policies with one company you could save as much as 10 to 15 percent.
A little note about advertised discounts, some credits don’t apply to the entire cost. Some only reduce specific coverage prices like comprehensive or collision. Even though it appears having all the discounts means you get insurance for free, you aren’t that lucky.
To see companies that offer some of these discounts in Louisville, click here.
Best auto insurance company in Louisville
Ending up with a high-quality car insurance provider can be challenging considering how many companies sell coverage in Louisville. The company ratings listed below can help you select which car insurance companies to look at when comparing rate quotes.
Top 10 Louisville Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Erie Insurance
- The General
Top 10 Louisville Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Don’t give up on cheap rates
As you quote Louisville car insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.
You just learned a lot of tips how to reduce Lexus RC F insurance prices online in Louisville. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. Consumers may even find the lowest priced insurance comes from a small mutual company.
Consumers switch companies for many reasons like poor customer service, high rates after DUI convictions, policy cancellation or even unfair underwriting practices. No matter why you want to switch, switching companies is pretty simple and you could end up saving a buck or two.
More information is available on the following sites:
- State Car Insurance Guides (GEICO)
- How Much is Louisville Auto Insurance for a Learners Permit? (FAQ)
- How Much is Auto Insurance for Government Employees in Louisville? (FAQ)
- Who Has Cheap Louisville Auto Insurance Rates for Real Estate Agents? (FAQ)
- How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)