Did a good deal turn into an expensive insurance policy? It's a common feeling and many consumers are feeling buyer's remorse and feel like there's no way out.
Unthinkable but true, nearly 70% of drivers have stayed with the same insurance company for four years or more, and just short of a majority have never compared rates from other carriers. The average driver in California can save hundreds of dollars each year by just comparing rate quotes, but they just feel it's too hard to go online and compare rates. Multiple insurance companies compete to insure your vehicles, and because of this it can be hard to compare car insurance companies and get the best coverage at the lowest cost out there.
It is always a good idea to do price comparisons once or twice a year since rates are constantly changing. Just because you found the lowest premium rates on insurance on your last policy the chances are good that you can find a lower price today. There is a lot of wrong information about insurance online but I'm going to show you a bunch of ideas how to find cheap insurance in Madera.
Finding a better price on car insurance is an easy way to save money. All that's required is to take time comparing free Madera auto insurance quotes online from several insurance companies.
It's so simple to compare car insurance quotes online replaces the need to drive around to each insurance agency near you. The ability to quote car insurance online makes this unnecessary unless you have a complicated situation and need the advice and guidance that you can only get from talking to an agent. It is possible with some companies price shop your coverage online and still use a local Madera agent.
The auto insurance companies shown below can provide quotes in Madera, CA. If you want to find cheap auto insurance in California, we recommend you visit two to three different companies to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 4WD||$986||$493||$82|
|Chevrolet Equinox LTZ AWD||$1,904||$952||$159|
|Chevrolet Silverado LS Regular Cab 4WD||$952||$476||$79|
|Dodge Ram Quad Cab SLT 2WD||$1,280||$640||$107|
|Ford Escape XLT 2WD||$1,042||$521||$87|
|Ford F-150 FX4 4WD||$1,604||$802||$134|
|Ford Focus SEL 4-Dr Sedan||$1,798||$899||$150|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,726||$863||$144|
|Honda Accord EX-L 4-Dr Sedan||$962||$481||$80|
|Honda CR-V LX 4WD||$982||$491||$82|
|Honda Civic Hybrid 4-Dr Sedan||$1,102||$551||$92|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,454||$727||$121|
|Nissan Altima Hybrid 4-Dr Sedan||$1,252||$626||$104|
|Toyota Camry Hybrid||$1,592||$796||$133|
|Toyota Corolla S||$1,388||$694||$116|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rates do not factor in vehicle garaging location which can impact coverage prices significantly.
How accidents and tickets impact rates in Madera
The information below illustrates how speeding tickets and at-fault fender-benders can increase Hyundai Sonata car insurance rates for different age groups. The information is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.
The diagram below highlights how deductible choice and can impact Hyundai Elantra annual premium costs for each age group. The rates are based on a married male driver, full physical damage coverage, and no policy discounts are applied.
Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.
Cost difference between full coverage and liability
The example below illustrates the difference between Honda Pilot annual premium costs when comparing full coverage to state minimum liability only. The data is based on no claims or driving violations, $500 deductibles, single male driver, and no discounts are applied to the premium.
Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying physical damage coverage
There is no specific rule to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's assume your Honda Pilot book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after paying your deductible. If you are currently paying more than $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping physical damage coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
You may need advice from an agent
Certain consumers would rather buy from a local agent and often times that is recommended Insurance agents can help determine the best coverages and help in the event of a claim. One of the benefits of comparing insurance prices online is the fact that you can find cheap insurance rates and also buy local.
To help locate an agent, after submitting this simple form, the coverage information is sent to agents in your area who can give free rate quotes for your business. You don't have to search for any insurance agencies because quoted prices will be sent straight to your inbox. If you wish to get a rate quote from a specific insurance company, you can always visit that company's website and fill out their quote form.
Choosing the best insurance company needs to be determined by more than just a cheap quote. Here are some questions you should ask.
- Do the coverages you're quoting properly cover your vehicle?
- Are they primarily personal or commercial lines agents in Madera?
- Does the company have a solid financial rating?
- How long has the business existed?
- Will you work with the agent or an assistant?
- Does the agent have professional designations like CIC, CPCU or AIC?
- What company do they have the most business with?
Different types of Madera auto insurance agents
If you want to use a reliable insurance agent, it's helpful to know the different agency structures and how they work. Insurance policy providers can be described as either independent agents or exclusive agents depending on their employer. Both types of agents can sell affordable insurance policies, but it is important to understand the subtle differences since it could factor into your selection of an agent.
Exclusive Insurance Agents
These type of agents generally can only insure with one company such as Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to compare other company's rates so if the price isn't competitive there isn't much they can do. They are usually well trained on their products and sales techniques which helps offset the inability to provide other markets.
Independent Agencies or Brokers
Agents that elect to be independent are not employed by one company and that gives them the ability to insure with many different companies and potentially find a lower price. To move your coverage to a new company, the agent simply finds a different carrier without you having to go to a different agency. If you are comparing insurance prices, we recommend you include rate quotes from several independent agencies to get the best comparison.