Will Auto Insurance Discounters Really Save you Money?

November 18, 2017 · Posted in General Articles on Car Insurance 

Most of us have to purchase an auto insurance policy. If you live in the US, you are certainly required to prove you have coverage in order to operate a vehicle legally. Most of us need to purchase a required minimum policy.

Some people are easier to insure than others. Young drivers, and those with accidents or unique cars, may be more expensive to cover. But that does not mean you should just accept a very high premium or a rate increase. And finding cheaper insurance does not always mean you should use the so-called discount insurers.

In my own experience, I went with a so-called discount insurer. After I added my teenager and another used car to my policy, my rates tripled! I called the company, and they insisted it was the best they could do. I called my agent, and she shopped some companies for me, but could not offer me a better deal.

I had accepted these high rates, but I was wrong. I stumbled upon a competitor who asked me if I wanted a premium quote. I decided it was worth a few minutes to see if they could save me money.

I have to admit that I was very surprised because that insurer had discounts and programs that could save me a lot of money. The savings would work out to over two hundred bucks every month I had to pay premiums.

Think about that two hundred bucks a month. That meant I could save $2,400 a year. Within a few years, I could save enough to buy another car.

You must shop around. It is fairly easy to do with internet auto insurance quotes. You simply key in some basic details, click a submit button, and relax as insurers step forward to compete for your business.

We all know that different drivers will pay different rates. But when it is fast and simple to get competitive quotes, there is not a good reason to pay more than you have to pay.

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