Is Your Jackson Car Insurance Too High?

If online car insurance comparisons are new to you, it’s easy to be confused due to the large number of online companies competing for business in Jackson.

Take advantage of discounts

Companies don’t always advertise all their discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden discounts you could be receiving. If they aren’t giving you every credit possible, you’re just leaving money on the table.

• Passive Restraint Discount – Vehicles equipped with air bags can get savings up to 30%.
• Clubs and Organizations – Belonging to a civic or occupational organization is a good way to get lower rates when shopping for car insurance.
• Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
• Save with a New Car – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
• Military Discounts – Having a deployed family member could be rewarded with lower premiums.
• Paperless Signup – Some insurance companies will discount your bill up to fifty bucks for buying your policy digitally online.
• Accident Free – Drivers who don’t have accidents pay less when compared to frequent claim filers.

Drivers should understand that some of the credits will not apply the the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

Don’t be fooled by advertising claims

Consumers can’t ignore all the ads that promise big savings from the likes of State Farm, Allstate and GEICO. They all seem to say the same thing that you can save if you switch your coverage to them.

How can each company make the same claim? It’s all in the numbers.

Different companies have a preferred profile for the type of driver that earns them a profit. A good example of a desirable insured could be between the ages of 40 and 55, owns a home, and drives less than 7,500 miles a year. Any driver that hits that “sweet spot” will get the preferred rates and as a result will probably save quite a bit of money when switching.

Potential customers who don’t qualify for the “perfect” profile must pay a more expensive rate and ends up with business not being written. The ad wording is “customers who switch” not “people who quote” save money. This is how companies can make those claims. This illustrates why drivers must quote coverage with many companies. It’s just too difficult to predict which company will have the lowest rates.

Learn more about Mississippi car insurance

More tips and info about car insurance can be found at the Mississippi Insurance Department website. Consumers can report car insurance fraud, learn about insurance regulations, and download brochures.

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One last thing

We just covered quite a bit of information on how to shop for car insurance online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from a company that doesn’t do a lot of advertising.

Insureds who switch companies do it for any number of reasons including high rates after DUI convictions, questionable increases in premium, policy non-renewal and even unfair underwriting practices. Whatever your reason, choosing a new insurance company can be pretty painless.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice liability limits or collision coverage only to regret they didn’t have enough coverage. The ultimate goal is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.