A recent study showed that about 70% of customers have stayed with the same insurance company for at least the last four years, and virtually 40% of consumers have never compared rates with other companies. Drivers in the U.S. can save hundreds of dollars each year, but most undervalue the amount of savings they would get if they bought a different policy.
If saving money is your primary concern, then the best way to get the cheapest Suzuki XL-7 insurance is to regularly compare prices from companies who provide car insurance in Tucson.
First, learn about what coverages are included in your policy and the changes you can make to prevent high rates. Many rating factors that result in higher prices such as speeding and a bad credit rating can be amended by making minor changes in your lifestyle.
Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or State Farm, while agents who are independent can quote rates from multiple sources. View companies
Third, compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and change companies, make sure coverage is continuous and does not lapse.
The critical component of shopping around is that you’ll want to make sure you compare the same coverage limits and deductibles on every price quote and and to compare every insurance company. This ensures a level playing field and maximum price selection.
Components of Your Suzuki XL-7 Insurance Premiums
Many different elements are used when premium rates are determined. Some are pretty understandable such as traffic violations, but others are less obvious like your continuous coverage or your commute time. Consumers need to have an understanding of a few of the rating criteria that are used to determine your policy premiums. If you have some idea of what determines base rates, this enables you to make decisions that could result in cheaper rates.
The following are just a few of the factors companies use to determine your rates.
- Single drivers take more risk – Having a significant other may cut your premiums when shopping for insurance. Having a spouse means you’re less irresponsible and it’s statistically proven that married drivers get in fewer accidents.
- Insurance is expensive for teen drivers – Young drivers in Arizona are statistically shown to get distracted easily when behind the wheel so insurance rates are higher. If you’ve ever had to add a young driver onto a policy can really hurt. More experienced drivers have been proven to be more responsible, tend to file fewer claims, and are safer drivers.
- Don’t cancel your coverage without a new one in place – Driving without insurance is a misdemeanor and insurance companies will penalize you for letting your insurance coverage expire. Not only will you pay higher rates, failure to provide proof of insurance may result in a hefty fine and possibly a revoked license.
- Insure your auto and home with one company – Most insurers provide discounts to insureds who consolidate policies with them in the form of a multi-policy discount. Discounts can be ten percent or more. If you currently are using one company, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. It’s possible to still save even more by buying insurance from more than one company.
- Type of car determines base rates – The type of car, truck or SUV you need insurance for makes a huge difference in how high your rates are. Smaller low performance passenger cars usually have the lowest rates, but many other things help determine your insurance rates.
- Your occupation and insurance rates – Did you know your occupation can influence how much you pay for insurance? Careers like military personnel, air traffic controllers, and miners tend to have higher premiums than the average policyholder because of high stress and lots of time spent at work. On the other hand, professions such as actors, students and performers have the lowest average rates.
- Accidents hurt – Having a clean driving record has a lot to do with how much you pay for insurance. Having a single speeding ticket may increase your cost by as much as thirty percent. Attentive drivers pay less for auto insurance than their less careful counterparts. Drivers who have received careless violations like DUI or reckless driving might be required by their state to prove financial responsibility with their state’s department of motor vehicles in order to drive a vehicle legally.
These discounts can lower your auto insurance rates
Car insurance is not cheap, but there may be some discounts that may help make it more affordable. Most are applied at the time of quoting, but a few need to be specially asked for before being credited. If you do not double check each discount you qualify for, you’re paying more than you need to.
- ABS Braking Discount – Anti-lock brake equipped vehicles can stop better under adverse conditions and therefore earn up to a 10% discount.
- Theft Deterrent System – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
- Driver Training Discounts – Participating in a class that teaches defensive driver techniques is a good idea and can lower rates and easily pay for the cost of the class.
- College Student Discount – Older children who live away from home to go to college and don’t have a car can be insured at a reduced rate.
- Low Mileage – Maintaining low annual mileage could earn better premium rates on cars that stay parked.
- Discount for Multiple Policies – If you combine your homeowners and auto policies with one insurance company they may give you a discount of as much as 10 to 15 percent.
- Military Deployment Discount – Having an actively deployed family member may qualify for rate reductions.
- Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use their safety belts can save up to 15% off the medical payments premium.
- Organization Discounts – Affiliation with qualifying employment or professional organizations could qualify you for a break on auto insurance.
- One Accident Forgiven – This one is not really a discount per se, but companies like GEICO, Allstate and Liberty Mutual will allow you to have one accident without raising rates if you have no claims for a set time period.
Consumers should know that most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. Even though it appears all the discounts add up to a free policy, nobody gets a free ride. Any qualifying discounts will bring down your policy premium.
To find auto insurance companies with the best discounts in Tucson, click this link.
Shop around and save
Consumers change insurance companies for a variety of reasons including policy cancellation, denial of a claim, an unsatisfactory settlement offer or even questionable increases in premium. It doesn’t matter why you want to switch switching insurance companies is not as difficult as it may seem.
While you’re price shopping online, it’s a bad idea to reduce coverage to reduce premium. In too many instances, someone dropped full coverage only to regret at claim time they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.
You just read some good ideas how you can shop for Suzuki XL-7 insurance online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Consumers may even find the lowest priced insurance comes from a small mutual company.
For more information, take a look at the resources below:
- Preventing Carjacking and Theft (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for Active Military in Tucson? (FAQ)
- Who Has Affordable Tucson Car Insurance Quotes for Unemployed Drivers? (FAQ)
- How Much is Tucson Auto Insurance for a Honda Civic? (FAQ)
- What Auto Insurance is Cheapest for Hybrid Vehicles in Tucson? (FAQ)
- Who Has Cheap Tucson Car Insurance for Drivers Under 25? (FAQ)
- State Car Insurance Guides (GEICO)
- Rental Reimbursement Coverage (Allstate)