Are you frustrated by the sheer number of auto insurance choices available to you? You have so many options that it can really be a difficult challenge to lower your premium rates. Menlo Park is an excellent city in which to live, but expensive premiums for auto insurance can make it impossible to purchase enough protection.
Sadly, most drivers have purchased from the same company for at least four years, and 38% of drivers have never even shopped around for lower-cost coverage. Most drivers in Menlo Park could save an average of $470 each year, but they underestimate the rate savings if they just switched companies.
Quoting and comparing rates for cheaper protection in Menlo Park is easy to do. Virtually everyone who needs cheaper car insurance will find a lower-cost company. But California vehicle owners can benefit by having an understanding of how the larger insurance companies sell insurance online and use it to find better rates.
Buy lower-cost insurance with these tips
When buying insurance it's important to understand the different types of things that play a part in calculating the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in better insurance rates. Many factors are considered when you get your auto insurance bill. Some are obvious like your driving record, although others are less obvious like your continuous coverage or how safe your car is.
The items below are some of the most common factors used by companies to determine premiums.
Premiums are high for teenagers - Older people are shown to be more cautious, cost insurance companies less in claims, and tend to be get fewer driving tickets.Inexperience drivers have a tendency to be inattentive and easily distracted when behind the wheel so they pay higher insurance rates.
Deter vehicle theft - Choosing to buy a car with advanced anti-theft systems can help lower your rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system help track and prevent vehicle theft.
Gaps in coverage mean higher rates - Not having insurance is illegal and insurance companies will penalize you for letting your insurance expire. And not only will insurance be more expensive, not being able to provide proof of insurance will get you a hefty fine and possibly a revoked license. You may then have to file a SR-22 with the California motor vehicle department to get your license reinstated.
Low physical damage deductibles cost more - Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Some examples of claims that would be covered are a windshield shattered by a rock, hitting a deer, and damage caused by flying debris. Comp and collision deductibles define how much the insured will be required to pay if a covered claim is submitted. The higher the amount you have to pay, the lower your rates will be.
Responsible credit saves on insurance - An insured's credit rating can be an important factor in calculating your insurance rates. Insureds with excellent credit scores tend to be less risk to insure as compared to drivers with poor credit. Therefore, if your credit is low, you could save money insuring your vehicle if you clean up your credit.
More than one policy can earn a discount - The majority of insurance companies will give discounts to policyholders who have multiple policies with them in the form of a multi-policy discount. The discount can add up to 10 percent or more. Even if you already get this discount, it's in your best interest to check prices from other companies to ensure the best deal.There is a good possibility that you can save even more than the discount even if you insure with multiple companies
Gender impacts rates - Over the last 30 years, statistics show females are less aggressive when driving. It does not mean females are better at driving than males. Men and women are in at-fault accidents at a similar rate, but the male of the species tend to have more serious accidents. Not only that, but men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
To get cheap Menlo Park car insurance quotes, there a variety of ways of comparing price quotes from many car insurance companies in California. The easiest way to compare insurance prices consists of shopping online.
It's important to know that obtaining a wide range of quotes provides better odds of finding the best price. Some insurance companies are not set up to provide online quotes, so it's important to compare quotes from the smaller companies as well.
The companies in the list below provide price comparisons in California. To locate cheap auto insurance in California, we suggest you get rate quotes from several of them in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ 2WD||$1,916||$958||$160|
|Chevrolet Impala LS||$1,528||$764||$127|
|Chevrolet Malibu LTZ||$1,648||$824||$137|
|Chevrolet Silverado LT Crew Cab 2WD||$1,200||$600||$100|
|Dodge Ram Quad Cab Sport 4WD||$1,412||$706||$118|
|Ford Edge SE AWD||$1,146||$573||$96|
|Ford Escape XLS 2WD||$868||$434||$72|
|Ford Explorer Eddie Bauer AWD||$1,946||$973||$162|
|Ford F-150 Lariat Crew Cab 4WD||$1,526||$763||$127|
|Ford Focus SES 2-Dr Coupe||$1,462||$731||$122|
|Honda Accord EX 2-Dr Coupe||$1,700||$850||$142|
|Honda CR-V LX 4WD||$1,324||$662||$110|
|Honda Civic DX 4-Dr Sedan||$1,450||$725||$121|
|Honda Odyssey EX-L||$1,482||$741||$124|
|Kia Optima EX||$1,754||$877||$146|
|Nissan Altima Hybrid 4-Dr Sedan||$1,598||$799||$133|
|Toyota Camry SE||$1,552||$776||$129|
|Toyota Corolla XRS||$1,676||$838||$140|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,648||$824||$137|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rates do not factor in your specific Menlo Park location which can revise insurance rates greatly.
Irresponsible driving raises your rates
The illustration below demonstrates how citations and at-fault claims can affect Hyundai Elantra auto insurance rates for different age categories. The prices are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.
Why you need auto insurance
Even though it can be expensive, paying for auto insurance is required for several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to carry a specific level of liability coverage if you don't want to risk a ticket. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your vehicle, it's most likely the lender will stipulate that you have comprehensive coverage to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your vehicle at a more expensive rate and require you to pay for the expensive policy.
Third, auto insurance protects both your assets and your car. It will also provide coverage for medical expenses that are the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is overpaying over $830 a year so it's recommended you shop around once a year at a minimum to ensure rates are inline.
Don't overlook these car insurance discounts
Some insurers don't list every available discount in a way that's easy to find, so the list below contains some of the more common and also the lesser-known credits available to you.
- Data Collection Discounts - People who choose to allow driving data collection to study driving manner by using a telematic data system like Allstate's Drivewise could save a few bucks if they have good driving habits.
- Discounts for Government Workers - Employees or retirees of the government can earn a discount up to 10% with a few car insurance companies.
- Military Discounts - Being on active duty in the military can result in better rates.
- New Car Discount - Buying coverage on a new vehicle is cheaper because new model year vehicles are generally safer.
- Drivers Ed for Students - Have your child successfully take a driver's education course if offered at their school.
- No Accidents - Good drivers with no accidents have much lower rates as compared to drivers with a long claim history.
- Menlo Park Homeowners Pay Less - Owning your own home or condo can get you a discount because maintaining a house means you have a higher level of financial diligence.
Drivers should understand that most discounts do not apply to all coverage premiums. The majority will only reduce individual premiums such as comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you aren't that lucky.
A few of the larger companies and some of their more popular discounts are outlined below.
- State Farm has savings for good driver, Drive Safe & Save, student away at school, accident-free, passive restraint, multiple policy, and Steer Clear safe driver discount.
- American Family offers premium reductions for bundled insurance, good driver, multi-vehicle, air bags, and mySafetyValet.
- AAA has discounts for multi-policy, pay-in-full, AAA membership discount, education and occupation, multi-car, anti-theft, and good student.
- GEICO offers discounts including five-year accident-free, seat belt use, daytime running lights, air bags, and multi-vehicle.
- Mercury Insurance policyholders can earn discounts including annual mileage, multi-car, low natural disaster claims, professional/association, and multi-policy.
- Farmers Insurance offers discounts for switch companies, distant student, bundle discounts, multi-car, early shopping, good student, and teen driver.
- Progressive includes discounts for multi-vehicle, online quote discount, multi-policy, good student, homeowner, and continuous coverage.
If you are trying to find affordable Menlo Park car insurance quotes, ask all the companies to give you their best rates. A few discounts may not be available in your state. To find car insurance companies with the best car insurance discounts in Menlo Park, follow this link.
While you're price shopping online, never sacrifice coverage to reduce premiums. Too many times, an accident victim reduced physical damage coverage only to find out that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage at a price you can afford.
We just presented some good ideas how to get a better price on auto insurance in Menlo Park. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the biggest savings come from a lesser-known regional company.
Insureds switch companies for many reasons like delays in responding to claim requests, high rates after DUI convictions, policy non-renewal and unfair underwriting practices. It doesn't matter what your reason, finding a new auto insurance company is not as hard as you think.
Even more information is available in the articles below:
- Distracted Driving (Insurance Information Institute)
- Who Has the Cheapest California Auto Insurance Quotes for Low Credit Scores? (FAQ)
- What Auto Insurance is Cheapest in Glendale, California? (FAQ)
- Who Has the Cheapest California Auto Insurance for Drivers with a DUI? (FAQ)
- What Auto Insurance is Cheapest for Low Mileage Drivers in California? (FAQ)
- What is the Best Cheap Car Insurance in Anaheim, CA? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Auto Insurance Basics (Insurance Information Institute)