Learn How to Cut Costs on Waltham, MA Auto Insurance

Searching for low-cost Waltham auto insurance on the web can seem to be somewhat difficult for consumers new to comparison shopping online. Since there are so many companies in the marketplace, how can consumers possibly compare the different rates to find the best price?

Choosing the best insurance company for you in Waltham is quite easy. Essentially every vehicle owner who has to buy auto insurance should be able to cut their insurance bill. But Massachusetts vehicle owners must understand how big insurance companies compete online and apply this information to your search.

Discounts can save BIG

Companies offering auto insurance don’t necessarily list every available discount very well, so the following is a list of some of the best known as well as the least known savings tricks you should be using.

• Fewer Miles Equal More Savings – Keeping the miles down can qualify you for better rates on cars that stay parked.
• Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
• Multiple Policy Discount – If you have multiple policies with the same insurance company you may earn approximately 10% to 15%.
• Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
• Discount for Good Grades – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, it doesn’t quite work that way.

Will just any policy work for me?

When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different.

Here are some questions about coverages that may help highlight if your insurance needs may require specific advice.

• Should I file a claim if it’s only slightly more than my deductible?
• Does medical payments coverage apply to all occupants?
• Do I need roadside assistance coverage?
• Why is insurance for a teen driver so high in Waltham?
• Why am I required to buy high-risk coverage?
• Is my vehicle covered by my employer’s policy when using it for work?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form.

Buyer beware of auto insurance advertising tricks

Auto insurance providers like State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. They all say the same thing that you’ll save big if you switch your policy. How can each company claim to save you money?

All the different companies have a certain “appetite” for the driver they prefer to insure. An example of a desirable insured could possibly be between 25 and 40, owns a home, and has a high credit rating. A customer getting a price quote who meets those qualifications receives the best rates and therefore will save when they switch companies.

Drivers who don’t qualify for the “perfect” profile will be charged more money which leads to business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can confidently make the claims of big savings. That is why you should get as many quotes as possible. It’s not possible to predict which auto insurance company will fit your personal profile best.

Additional detailed information is available at the Massachusetts Division of Insurance website. Consumers can report car insurance fraud, read industry bulletins, learn about specific coverages, and get help finding coverage.

What is YOUR best insurance company?

Drivers switch companies for many reasons like delays in responding to claim requests, an unsatisfactory settlement offer, extreme rates for teen drivers and even policy non-renewal. Whatever your reason, choosing a new insurance company is actually quite simple.

When you buy insurance online, never reduce coverage to reduce premium. In many cases, an insured cut collision coverage and learned later that they should have had better coverage. Your goal should be to find the BEST coverage for the lowest price while still protecting your assets.

Cheap auto insurance can be bought from both online companies and also from your neighborhood Waltham agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not provide online quoting and most of the time these regional insurance providers sell through independent agents.