8 Ways to Cut Your Car Insurance Rates in Las Vegas, NM

Sick and tired of not being able to afford to insure your vehicles every month? You’re in the same situation as many other New Mexico consumers. Consumers have many auto insurance companies to choose from, and although it’s nice to have multiple companies, it can be more challenging to compare company pricing.

You should take the time to take a look at other company’s rates on a regular basis because prices are rarely the same from one policy term to another. Even if you think you had the best deal a couple years back there may be better deals available now. You can find a lot of misleading information regarding car insurance on the web, but I’m going to show you some excellent ideas to quit paying high car insurance rates.

Compare Car Insurance Today

Cutting your Las Vegas car insurance rates can be relatively painless. Consumers just need to invest a little time comparing rate quotes from different insurance companies. This can be accomplished in a couple of different ways.

  1. The fastest way to get quotes for comparison is to use a rate comparison form click here to open form in new window. This form prevents you from having to do boring form submissions for each company. A single, simple form will return quotes from many national carriers.
  2. A less efficient way to find lower rates is going to each individual company website and complete a new quote form. For sake of this example, we’ll assume you want rates from Allstate, Farmers and Liberty Mutual. To get each rate you have to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular.

    For a handy list of car insurance company links in Las Vegas, click here.

It’s up to you how you get prices quotes, just make sure you use exactly the same quote information for each price quote. If you have different limits and deductibles on each one it’s impossible to determine the best price in Las Vegas.

Car insurance myths debunked

New Mexico consumers constantly see and hear ads for the lowest price auto insurance by GEICO, State Farm and Progressive. All the ads make an identical promise that you can save if you switch to their company.

But how can every company make almost identical claims?Las Vegas NM insurance cheap

Insurance companies have a preferred profile for the right customer that is profitable for them. For instance, a desirable insured might be profiled as over the age of 50, is a homeowner, and has great credit. Any driver who fits that profile receives the best rates and is almost guaranteed to save when switching.

Consumers who do not match the requirements must pay more money which usually ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that much. That is how companies can advertise the way they do. This illustrates why drivers must compare many company’s rates. It is impossible to predict which insurance companies will fit your personal profile best.

Discounts are available to cut your rates

Companies don’t list all available discounts in a way that’s easy to find, so here is a list both the well known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.

  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Early Switch Discount – Select companies give a discount for signing up before your current policy expires. It’s a savings of about 10%.
  • Multi-policy Discount – If you insure your home and vehicles with one company you could get a discount of at least 10% off all policies.
  • Accident Forgiveness – Some insurance companies will allow you to have one accident before your rates go up so long as you haven’t had any claims for a set time period.
  • No Accidents – Good drivers with no accidents can earn big discounts as compared to frequent claim filers.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

To choose insurers with discount car insurance rates in Las Vegas, click this link.

More tips and info about car insurance is located at the New Mexico Insurance Division website. Consumers can read industry bulletins, read consumer alerts, and file complaints about a company.

Las Vegas NM insurance cheap

More related Las Vegas car insurance information:

Quote more, save more

We just presented some good ideas how you can save on car insurance. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. These companies can often provide lower rates in certain areas as compared to the big name companies such as Progressive and GEICO.

The cheapest car insurance is definitely available online and also from your neighborhood Las Vegas agents, and you need to price shop both in order to have the best price selection to choose from. Some car insurance companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.