Never Buy Kokomo Car Insurance Without Knowing These Money Saving Tips

Consumers who are new to comparing insurance rates online could find buying the lowest-priced Kokomo car insurance quite difficult.

You should make it a habit to shop coverage around every six months because insurance rates change frequently. Even if you think you had the lowest price on your last policy other companies may now be cheaper. There is a lot of wrong information about car insurance on the web, but I’m going to show you a bunch of ideas how to stop overpaying for insurance.

Finding the best rates in Kokomo is easy if you know what you’re doing. If you are insured now or are just looking to switch companies, you will benefit by learning to shop for the lowest rates and still get good coverage. Indiana drivers just need to learn the proper way to compare rates online.

How to Compare Car Insurance Costs in Kokomo

Effectively comparing car insurance prices can be a daunting task if you don’t utilize the best way to get rate quotes. You can spend your afternoon talking to insurance agencies in Kokomo, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Many popular insurance companies belong to an insurance system that allows shoppers to only type in their quote data once, and each company can provide price quotes based on that data. This system prevents you from having to do quotation requests to each individual car insurance company.

To access this free quoting program, click to open in new window.

The single downside to using this type of form is you can’t choose which providers to get pricing from. If you would rather choose specific providers to compare, we have a listing of car insurance companies in Indiana. Click to view list.

Whichever way you use, make absolute certain that you use exactly the same coverage limits and deductibles for every quote you compare. If your comparisons have unequal deductibles or liability limits you will not be able to truly determine the lowest rate in Kokomo.

Car insurance myths debunked

Indiana consumers constantly see and hear ads for car insurance savings by State Farm, GEICO and Progressive. All the companies say the same thing of big savings if you change to their company.

How do they all make almost identical claims? It’s all in the numbers.

All companies have a certain “appetite” for the type of customer they prefer to insure. An example of a desirable insured might be a mature driver, is a homeowner, and has excellent credit. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably cut their rates substantially.

Consumers who do not match the “perfect” profile will be quoted higher rates and this can result in the customer not buying. The ad wording is “drivers who switch” but not “drivers who get quotes” save money. That is how companies can claim big savings. This emphasizes why it is so important to get quotes from several different companies. It is impossible to predict which company will provide you with the cheapest rates. Kokomo car insurance quote

How much can you save with discounts?

Car insurance companies don’t always publicize every discount in a way that’s easy to find, so we researched some of the best known as well as the least known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

Accident Waiver – A few companies permit an accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
Clubs and Organizations – Being a member of a professional or civic organization could qualify you for a break when shopping for car insurance.
Seat Belts Save – Requiring all passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.
Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance.
Good Student – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last until age 25.
Bundle and Save – If you have multiple policies with one company you will save approximately 10% to 15%.
Military Rewards – Being deployed with a military unit could mean lower rates.
Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
Passive Restraints and Air Bags – Vehicles equipped with air bags can receive discounts of up to 25% or more.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, you won’t be that lucky.

To see a list of insurance companies offering car insurance discounts in Indiana, click this link.

Are insurance agents a thing of the past?

Certain consumers would rather get advice from a local agent and there is nothing wrong with that. Agents can point out coverage gaps and give you someone to call. One of the great benefits of comparing insurance prices online is that you can obtain the lowest rates and still choose a local agent.

By using this simple form, your insurance data is transmitted to local insurance agents who will compete for your business. You won’t need to even leave your home because quoted prices will be sent directly to your email. Now that’s easy!

Picking an insurance company should depend on more than just the price. Some important questions to ask are:

Do they have any clout with companies to ensure a fair claim settlement?
If you are a high risk driver, do they have special markets for your coverage?
Can they give you a list of client referrals?
How many years of experience in personal lines insurance coverages do they have?
How are they compensated?

The different types of insurance agents

When researching an insurance agent, you need to know there are two types of insurance agents that differ in how they can insure your vehicles. Kokomo agents are categorized either independent or captive. Both types can do a good job, but it’s worth mentioning the difference between them because it can influence the selection process.

Captive Insurance Agents

These agents have only one company to place business with and some examples include Farmers Insurance or State Farm. They generally cannot shop your coverage around so they have no alternatives for high prices. These agents are trained well on the products they sell which helps them compete with independent agents. Some consumers prefer to purchase coverage from captives partially due to the brand legacy and solid financial strength.

Shown below are Kokomo captive insurance agencies who may provide you with comparison quotes.

Farm Bureau Insurance – 3505 S Lafountain St – Kokomo, IN 46902 – (765) 453-0110
Allstate Insurance – 1600 E Boulevard – Kokomo, IN 46902 – (765) 452-4053
Shelter Insurance – 527 E Lincoln Rd – Kokomo, IN 46902 – (765) 453-1455
American Family Insurance – 423 S Berkley Rd – Kokomo, IN 46901 – (765) 457-4602
State Farm Insurance – 507 E Lincoln Rd – Kokomo, IN 46902 – (765) 453-0351

Independent Agencies or Brokers

Independent agencies are not locked into one company so they have the ability to put coverage with multiple insurance companies and potentially find a lower price. To move your coverage to a new company, the business is moved internally without you having to go to a different agency. When comparison shopping, it’s a good idea to include price quotes from several independent insurance agents to have the most options to choose from.Many can place coverage with smaller regional carriers which can save you money.

Below is a short list of independent insurance agencies in Kokomo that can give you comparison quotes.

Don Harris Agency – 207 N Dixon Rd – Kokomo, IN 46901 – (765) 457-0312
Carl Ellis Insurance – 1015 S Washington St – Kokomo, IN 46902 – (765) 457-0116
David Akers Agency – 310 E Markland Ave – Kokomo, IN 46901 – (765) 457-0703
Carney Agency – 3103 S Webster St – Kokomo, IN 46902 – (765) 864-7000
Cossell Insurance Co – 2981 S Webster St – Kokomo, IN 46902 – (765) 457-4479

For a complete listing of insurance agents in Kokomo, view this link.

Once you have satisfactory answers to any questions you have as well as a affordable price, you have narrowed it down to an insurance agency that is a good match to service your policy.

More tips and info about car insurance is available at the Indiana Department of Insurance website. Consumers can find out industry alerts, view a list of available companies, read consumer alerts, and read industry bulletins.

Also read more on BankRate.com’s Car Insurance: When not to Skimp and this page on QuoteClickInsure.com.

One last thing

Affordable car insurance can be sourced online and with local Kokomo insurance agents, and you should be comparing both to have the best rate selection. There are still a few companies who do not offer the ability to get a quote online and these smaller companies work with independent agents.

We just presented a lot of ways to lower your car insurance rates. The most important thing 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 biggest savings come from an unexpected company.

Consumers change insurance companies for many reasons like high rates after DUI convictions, poor customer service, delays in responding to claim requests or even denial of a claim. Regardless of your reason, switching car insurance companies is not as hard as you think.