Unimaginable but true, the vast majority of drivers have bought car insurance from the same company for at least four years, and virtually 40% of consumers have never compared rates to find lower-cost insurance. Many drivers in California can save hundreds of dollars each year just by shopping around, but they don’t understand how simple it is to compare rates.
If saving money is your primary concern, then the best way to find affordable Mazda MPV insurance in Riverside is to compare quotes once a year from providers who sell auto insurance in California.
First, read about how companies price auto insurance and the things you can change to keep rates down. Many policy risk factors that result in higher prices like inattentive driving and an imperfect credit score can be improved by making minor driving habit or lifestyle changes.
Second, compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
Third, compare the new quotes to your current policy premium to see if switching to a new carrier will save money. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
Fourth, notify your agent or company to cancel your current auto insurance policy and submit payment and a signed application to your new agent or company. Make sure you put the certificate verifying coverage with your registration paperwork.
The most important part of shopping around is to try to compare the same deductibles and limits on each quote and and to get quotes from as many different companies as possible. This helps ensure an apples-to-apples comparison and many rates to choose from.
If you’re already insured, you will be able to cut your premiums using this information. Locating the lowest-priced auto insurance policy in Riverside is not as confusing as people think. But California car owners do need to understand the way companies charge you for coverage and use this information to your advantage.
Six factors that influence insurance rates
Lots of things are used in the calculation when quoting car insurance. Most are fairly basic such as your driving history, but other factors are less apparent such as whether you are married or your commute time.
The factors shown below are a partial list of the pieces utilized by car insurance companies to help set prices.
Add-on coverages may be wasting money – There are quite a few extra coverages that may not really be needed on your MPV policy. Coverage for things like vanishing deductibles, accidental death, and additional equipment coverage may be wasting your money. They may seem like a good idea when you first buy your policy, but if you’ve never needed them in the past think about removing them and cutting costs.
Is you vocation costing you more? – Occupations such as real estate brokers, executives, and stock brokers tend to have higher rates than the rest of us attributed to high stress and lengthy work days. Conversely, careers like professors, students and retirees pay the least.
Teenagers vs. older drivers – Older insureds have been proven to be more responsible, are lower risk to insure, and are generally more financially stable. Teen drivers are statistically proven to be easily distracted with other occupants in the car so auto insurance rates are higher.
Tickets mean higher premiums – Only having one moving violation can bump up the cost by as much as twenty percent. Careful drivers receive lower rates than people who have multiple driving citations. Drivers who get dangerous tickets such as reckless driving or DUI may find that they have to to file a proof of financial responsibility form (SR-22) with their state in order to keep their license.
High coverage deductibles equal low rates – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if the claim is covered. Coverage for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply would be colliding with a stationary object, damage from fire, and having a roll-over accident. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.
Lower prices with alarms and GPS tracking – Buying a car with advanced anti-theft systems can help lower your rates. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping your car from being stolen.
Verify you’re applying every discount
The cost of insuring your cars can be expensive, but there’s a good chance there are discounts that can dramatically reduce your bill. A few discounts will automatically apply when you purchase, but once in a while a discount must be specifically requested before they will apply. If you don’t get every credit you deserve, you could be paying more than you need to.
- First Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies will let one accident slide before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
- Payment Method – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
- Senior Citizen Rates – If you’re over the age of 55, you may qualify for a small decrease in premiums.
- Anti-lock Brake System – Cars and trucks with ABS braking systems or traction control have fewer accidents so companies give up to a 10% discount.
- Discount for Swiching Early – A few companies allow discounts for switching companies before your current expiration date. It could save around 10% when you buy Riverside car insurance online.
- Good Drivers – Safe drivers could pay up to 40% less than drivers with accidents.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to wear their seat belts can save a little off the PIP or medical payment premium.
It’s important to note that most credits do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, you’re out of luck.
To find insurance companies with significant discounts in Riverside, click here to view.
Persistent drivers can save
People who switch companies do it for any number of reasons including high prices, policy cancellation, being labeled a high risk driver and even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new insurance company can be less work than you think.
You just read a lot of tips how to save on Mazda MPV insurance in Riverside. It’s most important to understand that the more providers you compare, the higher the chance of saving money. Consumers could even find that the most savings is with the smaller companies.
When shopping online for auto insurance, it’s not a good idea to skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage and learned later that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.
More information is located at the links below
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Cheap Riverside Auto Insurance Rates for a GMC Acadia? (FAQ)
- How Much is Riverside Car Insurance for a Subaru Outback? (FAQ)
- Who Has Affordable Auto Insurance for a Chevrolet Silverado in Riverside? (FAQ)
- Who Has the Cheapest Riverside Car Insurance Rates for Drivers Under 25? (FAQ)
- What Auto Insurance is Cheapest for a Ford Edge in Riverside? (FAQ)
- Frontal Crash Tests (iihs.org)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)