Insurance 101

The advantages of shopping online for auto insurance are many. Here are just a few:


• • Saves You Time: You can get your research done online without wasting any time. You don't have to spend time making appointments with multiple agents, and more time and gas money traveling from one agent's door to another's looking for the right policy. One application is completed and submitted online from your computer, which goes out to the insurance companies that fit you and the type of insurance you seek.
  
• • More Equal More Savings: Using web sites such as LowerMyAutoRates.com allows multiple insurance companies to compete for your business. This gives you a great range of choices in coverage and rates, which is not available from just one insurance company.
  
• • Get Auto Insurance Quotes: By providing accurate and detailed information about yourself, your vehicle, driving record, and the aspects of your current policy, multiple insurance companies are able to deliver you auto insurance quotes and in a relatively short amount of time.
  
• • Ability to Compare: As you receive those multiple auto insurance quotes, you'll be able to review and compare a variety of rates and levels of insurance coverage. You can also go online to research the insurance companies themselves, utilizing the web sites of rating firms that specialize in informing the public of the company's financial stability and the quality of their customer service.
  
• • A Better Experience: Many people feel uncomfortable asking their agents for discount auto insurance. But when you research car insurance online, the experience enables you to freely look for the deal that suits you best.

Take advantage of all the benefits of researching car insurance online, which enables you to get your best rate and insurance coverage. Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

As the policyholder, you have the right to cancel your policy any time. You do not have to wait until your current policy has expired if you wish to start a new one. However, it is essential to have a new policy in place before canceling the old coverage. Shopping ahead of time is wise, for it gives you time to comparison shop by getting several online auto insurance quotes. If you don’t want your new auto insurance policy to start right away, you can choose any start date within 60 days.

Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

When factoring in auto insurance discounts, remember a discount isn’t a discount unless it’s saving you money. The most common auto insurance discounts are listed below. In order to find out which company offers you the most savings, simply complete a quick, free, no obligation, auto insurance quote.

• Airbags (a.k.a. Passive Restraint Systems) or factory-installed motorized seatbelts. You could receive a Passive Restraint Discount on your auto insurance.
• Alumni: Ask if your college or university is eligible for a discount
• Anti-Lock Brakes
• Anti-Theft/Alarm Systems
• College Graduate
• Daytime Running Lights
• Defensive Driver: You could save on your auto insurance by taking an approved defensive-driving class.
• Driver’s Education: If a young driver in your family has completed a driver’s education course, you may earn a discount on most coverages.
• Economy Car: If you already own an economy car, your savings might just keep coming.
• Electronic Funds Transfer (EFT) System: Pay with automatic deductions from your checking account. Guaranteed on-time payments! No checks. No postage. Save on fees! Save Time & Money!
• Good Driver: If you haven’t had any tickets, accidents or claims within the last 3 years, you may qualify for a Good Driver discount that can save you 5-15% or more on your insurance.
• Good Student: If you’re 25 or younger, unmarried, and a full-time student who meets certain GPA requirements, you could save on your auto insurance with this valuable discount.
• Homeowner: Some insurance companies provide you a discount just for owning a home.
• Hybrid: Some of our green insurance companies offer a 5 to 15% discount on certain coverages if you own a Hybrid.
• Military
• Pay in Full: Most auto insurance companies provide discounts when you pay your auto insurance premium in full.
• Married: Are you married? If so, you may be eligible for a discount.
• Multi-Driver: You may be eligible for a discount just by having more than one person on your auto insurance policy.
• Multi-Policy: Having homeowners insurance (or another line of insurance) with the same insurance company may save you money.
• Multi-Vehicle: You may be eligible for a discount just by having more than one vehicle on your auto insurance policy.
• New Car: Some auto insurance companies offer New Car discounts that can help you save money.
• Purchase Online/Electronic Documents: Some auto insurance companies will give you a generous discount when you purchase online and agree to receive your auto insurance documents electronically. Not only will you save money, you’ll also help the environment by saving paper.
• Renewal Discount: If you stay with the same auto insurance company, you may be eligible for renewal discounts of up to 30 percent.
• Resident Student: If you carry coverage for a student who’s under 21 and lives at a school that’s more than 100 miles away, you could save valuable cash on your premiums.
• Seat Belt Use: If you and your passengers always wear seat belts, you may receive a discount of 15 percent on the medical payments or personal injury protection portion of your premium.
• Senior Adult: If you’re 65 or older this discount can reduce the cost of your auto insurance premium.
• 55 and Retired: If you’re 55 or older, and not employed full-time, this discount can help keep your auto insurance costs down.
• Teachers: Some of our auto insurance companies offer discounts to our teachers.

To find out how much you could be saving, simply complete a quick, free, no obligation, auto insurance quote.

Remember, a discount isn't a discount unless it's saving you money. The first thing you need to do is shop for auto insurance to see how much you could be saving. For example, if you find that you could save $350 on auto insurance with one of our auto insurance companies and your multi-policy "discount" for having your homeowners and auto insurance on the same policy is only saving you $80, then switching auto insurance companies will actually save you $270 - even if you lose your current "discount." Remember, a discount isn't a discount unless it's saving you money.

Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

Remember, a discount is only a discount if it's saving you money. Would you rather pay $1,000 a year with a Renewal Discount or $650 a year without a renewal discount?

To find out how much you could be saving, simply complete a quick, free, no obligation, auto insurance quote.

The cost of driving without auto insurance can vary from state to state. Fines range anywhere from $500 to $5,000. Your car will most likely be impounded and you could even go to jail too. If you get into an accident while driving without insurance, the penalties are usually more severe and you'll still have to pay (out of your own pocket) for the damages you've caused. The courts can put a lien on your house and other possessions. They can even garnish your wages. At LowerMyAutoRates.com our auto insurance companies understand that you want to save money. That's why we offer discounts and state minimum coverage to get you the auto insurance you need at a price you can afford. To find out how much you could be saving, simply complete a quick, free, no obligation, auto insurance quote.

• Shop online to compare multiple companies and rates at once. You’ll save time and money, if you take the time to shop around.
• Ask about auto insurance discounts. You may benefit from multi-car and/or multi-driver discounts. You may receive a multiple policy discount if you purchase your auto insurance coverage through the same insurer that covers your homeowners or renters insurance. An insurer may also offer you a discount if you have a safe driving record or have completed a driver's education course.
• Don't get full coverage on an older car. Remember, if you total your car in an accident, your auto insurance company is only going to give you the actual cash value of the car. There's no sense paying a lot more money on auto insurance for a car that's ten years old and only worth $2,000. Put your savings towards a new car.
• Increase your deductibles. The higher your deductibles, the lower your premium. Your deductible is simply what you would pay in the event you are at fault in an accident. $500 is the most commonly selected deductible. For more savings, you may also want to consider $1,000 deductibles.
• Take a defensive-driving class. Often, auto insurance companies will offer drivers a 10% discount just for taking a defense-driving course. Check with your local city or town to find a class near you.

Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

• Marriage
• Divorce
• Children
• Retirement

As your life situation changes, so can the cost of your auto insurance. Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

• Your driving record and those of others in your household.
• Type of vehicle(s).
• Location where the vehicle(s) is driven and garaged/parked.
• Annual mileage driven.
• Your credit score.
• Age and marital status of driver(s).
• Coverage limits chosen and deductibles.
• Claims history.

Instantly compare up to 8 different auto insurance companies by completing a quick, free, no obligation auto insurance quote and start saving today!

Most auto insurance companies do not cover your pets in an accident. However, a few auto insurance companies, such a Progressive extends your collision coverage to your dog or cat. If your dog or cat is injured in an accident while riding with you, Progressive will pay up to $500 to help you with their veterinary bills and medicine.

Find out if your pets are covered by completing a quick, free, no obligation auto insurance quote and start saving today!

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Save money on insurance by completing a quick, free, no obligation auto insurance quote and start saving today!