Smart shoppers know that insurance companies don’t want policyholders to shop around. Consumers who shop around will presumably move their business because there is a good chance of finding a lower rate. A recent car insurance study revealed that consumers who routinely shopped for cheaper coverage saved on average $3,400 over four years as compared to drivers who never shopped around for better prices.
If finding the cheapest rates on car insurance in Laredo is your ultimate goal, then learning about the best way to shop and compare coverage rates can save time, money, and frustration.
It takes a few minutes, but the best way to find low-cost prices for car insurance rates in Laredo is to start comparing prices yearly from insurance carriers in Texas.
- Spend a few minutes and learn about car insurance and the measures you can control to keep rates down. Many things that increase rates like inattentive driving and a negative credit history can be improved by making minor changes to your lifestyle.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices for many different companies.
- Compare the new rate quotes to your existing policy to determine if you can save on SS insurance in Laredo. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
- Notify your current company of your intention to cancel your current coverage. Submit payment and a signed application to the new insurer. Once the paperwork is finalized, put the proof of insurance paperwork in your vehicle.
An important note is to make sure you’re comparing identical coverage information on every quote request and and to compare as many car insurance companies as possible. Doing this guarantees the most accurate price comparison and the best rate selection.
Four Tips to Get Lower-cost Laredo Insurance Rates
Lots of things are part of the calculation when you get a price on insurance. Some are obvious like a motor vehicle report, but others are less apparent like where you live or how financially stable you are. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that go into determining the rates you pay for auto insurance. When consumers understand what controls the rates you pay, this allows you to make educated decisions that may result in cheaper rates.
Credit score impact auto insurance rates – Having a good credit score is likely to be a major factor in calculating your premium rate. If your credit history is lower than you’d like, you could be paying less to insure your Chevrolet SS by improving your rating. Drivers who have good credit tend to file fewer claims than drivers who have lower credit ratings.
Marriage brings a discount – Having a wife or husband can actually save you money compared to being single. Having a spouse is viewed as being more mature and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
Your address can push rates up or down – Having an address in less populated areas of the country may provide you with better prices when it comes to auto insurance. Less people living in that area translates into fewer accident claims. People who live in big cities have traffic congestion and longer commutes to work. More time behind the wheel means more chance of being in an accident.
Tickets and citations cost more than a fine – How you drive can have a huge impact on auto insurance premiums. Getting just one chargeable violation can bump up the cost to the point where it’s not affordable. Drivers who don’t get tickets tend to pay less for car insurance compared to bad drivers. Drivers unfortunate enough to have severe citations such as DUI or reckless driving may face state-mandated requirements to complete a SR-22 with their state DMV in order to prevent their license from being revoked.
Insurance loss probability for a Chevy SS – Companies analyze past claim statistics to calculate a price that will offset losses. Models that have higher number or severity of losses will cost more to insure.
The table below illustrates the collected loss data for Chevy SS vehicles. For each coverage category, the claim probability for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers shown that are under 100 represent a good loss history, while numbers above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Chevrolet SS | 142 | 75 | 137 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Slash your auto insurance rates with discounts
Some insurance providers don’t always advertise every available discount very clearly, so we break down both the well known and also the lesser-known auto insurance savings. If you do not check that you are getting every discount you qualify for, you’re paying more than you need to.
- No Claim Discounts – Insureds with no claims or accidents are rewarded with significantly better rates on Laredo car insurance quote when compared with insureds who have frequent claims or accidents.
- Government Employee Discount – Active or retired federal employment can save as much as 8% with a few auto insurance companies.
- Student Discounts – Performing well in school could provide a savings of up to 20% or more. This discount can apply up until you turn 25.
- Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save a little off the personal injury premium cost.
- Safety Course Discount – Completing a defensive driver course could possibly earn you a 5% discount and easily pay for the cost of the class.
- Paperwork-free – Certain companies will provide an incentive for buying your policy on the web.
- ABS Brakes – Vehicles with anti-lock braking systems can avoid accidents and will save you 10% or more on SS insurance in Laredo.
- Passive Restraints – Factory options such as air bags or automatic seat belts can qualify for discounts up to 30%.
- Clubs and Organizations – Being in qualifying clubs or civic groups could qualify you for a break on auto insurance.
As a sidenote, many deductions do not apply to the whole policy. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, companies don’t profit that way.
Companies and some of the premium reductions they offer can be read below.
- 21st Century may offer discounts for good student, homeowners, anti-lock brakes, air bags, and theft prevention.
- State Farm offers discounts including Steer Clear safe driver discount, accident-free, Drive Safe & Save, multiple policy, student away at school, passive restraint, and safe vehicle.
- AAA offers premium reductions for multi-policy, good student, pay-in-full, anti-theft, and multi-car.
- Liberty Mutual has savings for exclusive group savings, new graduate, multi-car, hybrid vehicle, good student, and teen driver discount.
- Progressive may have discounts that include online signing, online quote discount, good student, multi-vehicle, homeowner, and continuous coverage.
Double check with every insurance company the best way to save money. Discounts might not be offered in your area.
Get the best coverage at the lowest price
While you’re price shopping online, do not reduce coverage to reduce premium. In many instances, an insured dropped liability limits or collision coverage to discover at claim time that it was a big mistake. Your focus should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
In this article, we covered a lot of techniques to shop for Chevy SS insurance online. The most important thing to understand is the more companies you get prices for, the better likelihood of getting cheaper Laredo car insurance quotes. Consumers may even find the best price on auto insurance is with a small mutual company. Regional companies often have lower prices on specific markets than their larger competitors like Allstate, GEICO and Progressive.
More resources
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- How Much is Auto Insurance for Good Students in Laredo? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers with a Bad Driving Record in Laredo? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Nurses in Laredo? (FAQ)
- How Much are Auto Insurance Rates for a Toyota RAV4 in Laredo? (FAQ)
- Senior Drivers (Insurance Information Institute)
- Credit and Insurance Scores (Insurance Information Institute)