It’s safe to conclude that auto insurance companies don’t want policyholders to compare prices from other companies. Drivers who compare price quotes are very likely to buy a different policy because the odds are good of finding a policy with more affordable rates. Remarkably, a study showed that people who compared rates regularly saved as much as $860 a year as compared to drivers who never compared other company’s rates.
If finding low prices for car insurance is your target objective, then learning a little about the best ways to find and compare insurance rates can save money and time.
The preferred way to find discount Buick Verano insurance is to compare quotes annually from providers who sell auto insurance in Lexington. Drivers can shop around by following these guidelines.
Step 1: It will benefit you to learn about car insurance and the changes you can make to lower rates. Many risk factors that cause rate increases such as speeding tickets, careless driving and poor credit rating can be amended by making minor changes to your lifestyle. Read the full article for tips to get low prices and find discounts that may have been missed.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO or State Farm, while independent agents can give you price quotes from multiple companies. Compare rates
Step 3: Compare the new quotes to your current policy premium to see if a cheaper price is available in Lexington. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
One tip to remember is to use similar deductibles and liability limits on every quote and and to compare as many carriers as you can. Doing this helps ensure the most accurate price comparison and the best price quote selection.
The quickest method we recommend to compare rate quotes for Buick Verano insurance in Lexington is to realize most of the bigger providers provide online access to give free rates quotes. To start a quote, the only thing you need to do is spend a couple of minutes providing details like any included safety features, which vehicles you own, whether the vehicles are used for commuting, and if you are currently licensed. Those rating factors is instantly provided to insurance carriers in your area and you should receive rate quotes very quickly.
To compare cheap Buick Verano insurance rates now, click here then complete the form.
The companies shown below offer free rate quotes in Lexington, KY. If you want cheap car insurance in Lexington, we recommend you visit as many as you can to find the most affordable car insurance rates.
Auto insurance discounts are available to get cheap rates
Companies don’t always advertise the complete list of policy discounts in a way that’s easy to find, so the following list contains a few of the more well known and also the lesser-known discounts you could be receiving when you buy Lexington car insurance online.
- Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
- Federal Government Employee – Being employed by or retired from a federal job could provide a small rate reduction with some auto insurance companies.
- Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less than their less cautious counterparts.
- Distant Student – Any of your kids who live away from home at college and do not have access to a covered vehicle can receive lower rates.
- Low Mileage Discounts – Maintaining low annual mileage could be rewarded with lower prices due to less chance of an accident.
- Early Signing – Select companies give a discount for buying a new policy before your current coverage expires. The savings is around 10%.
One thing to note about discounts is that some credits don’t apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.
Insurance companies who may offer some of the discounts shown above include:
It’s a good idea to ask every prospective company which discounts can lower your rates. Some credits might not be offered on policies in Lexington. If you would like to view providers who offer discounts in Lexington, click here.
Components of Your Buick Verano Insurance Premiums
Many factors are part of the equation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but others are not quite as obvious such as your credit history and annual miles driven.
The following are some of the factors companies use to determine your prices.
- The more you drive the more you pay – The more you drive in a year’s time the more you will pay for insurance. Most insurance companies charge to insure your cars based on how the vehicle is used. Cars that sit idle most of the time can get a lower rate than those used for commuting. Double check that your insurance policy states the right rating data, because it can save money. An incorrectly rated Verano is just wasting money.
- Poor driving leads to higher premiums – Careful drivers get better rates compared to drivers with tickets. Only having one speeding ticket may increase your cost by as much as twenty percent. Drivers who have received dangerous violations such as DWI, reckless driving or hit and run convictions might be required by their state to submit a SR-22 form with the DMV in their state in order to prevent their license from being revoked.
- Low stress occupation equals lower rates – Did you know your insurance rates can be affected by your occupation? Jobs like doctors, police officers, and miners have higher premiums than the average policyholder because of intense work situations and lots of time spent at work. Conversely, jobs like actors, engineers and performers generally pay rates lower than average.
- Credit score impact insurance costs – A driver’s credit rating is a big factor in your rate calculation. Consumers who have high credit ratings tend to file fewer claims than drivers who have worse credit. If your credit history could use some work, you may save money insuring your Buick Verano by improving your rating.
- More performance means more cost – The type of car, truck or SUV you own makes a significant difference in how high your rates are. The cheapest rates are for lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors.
- Increase comp and collision deductibles to save – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some examples of claims that would be covered are a windshield shattered by a rock, flood damage, and windstorm damage. Comp and collision deductibles define how much you are required to spend if you file a covered claim. The larger the amount you pay before a claim is paid (deductible), the bigger discount you will receive.
Insurance losses for a Buick Verano – Insurers take into consideration insurance loss statistics for every vehicle when they calculate premium rates for each model. Vehicles that have a trend towards higher claim severity or frequency will be charged more to insure.
The information below illustrates the insurance loss data for Buick Verano vehicles. For each policy coverage type, the loss probability for all vehicles, as an average, is represented as 100. Numbers under 100 indicate better than average losses, while values over 100 point to more claims or an increased probability of a larger loss.
Buick Verano Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Buick Verano 92 96 85 109 127 126BETTERAVERAGEWORSE
Statistics from IIHS.org for 2013-2015 Model Years