Expensive car insurance in Soledad can drain your bank account and require stricter spending habits. Shopping your coverage around is an excellent way to lower your bills every month.

A recent car insurance study revealed that over 70% of consumers have remained with the same car insurance company for at least the last four years, and approximately 38% of consumers have never compared rates with other companies. Soledad insurance shoppers could save nearly 35% every year, but they assume it's a waste of time to compare rates online.

Online insurance companies like GEICO, 21st Century and Progressive constantly blast consumers with ads and it is difficult to see past the corporate glitz and take the time to shop coverage around.

Components of your insurance policy prices

Lots of things are taken into consideration when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, although others are less obvious such as your credit history or your commute time.

Listed below are a few of the things companies use to determine your premiums.

All major car insurance companies such as State Farm and Allstate allow you to get pricing on their websites. Getting online quotes is possible for anyone as you simply type in the coverages you want on the page. After you complete the form, the quote system gets your driving record and credit report and provides a quote based on the data you entered. Being able to quote online simplifies rate comparisons, and it's absolutely necessary to do this in order to find the most affordable premium on car insurance.

In order to compare rates using this form now, take a look at the companies shown below. If you currently have coverage, we recommend you complete the form with deductibles and limits identical to your current policy. This guarantees you are getting a price comparison using the exact same coverages.

The providers in the list below provide free rate quotes in California. If multiple companies are listed, we recommend you visit two to three different companies in order to get a fair rate comparison.

Insurance Rates for Popular Vehicles in Soledad
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $992 $496 $83
Chevrolet Equinox LTZ 2WD $1,710 $855 $143
Chevrolet Silverado LT Extended Cab 4WD $1,296 $648 $108
Dodge Ram Crew Cab TRX 4WD $2,226 $1,113 $186
Ford Escape XLT 4WD $1,336 $668 $111
Ford F-150 STX Regular Cab 4WD $1,648 $824 $137
Ford Focus SES 4-Dr Sedan $1,798 $899 $150
Honda Accord LX-P 4-Dr Sedan $1,428 $714 $119
Honda CR-V EX 4WD $1,468 $734 $122
Honda Civic LX 4-Dr Sedan $1,634 $817 $136
Hyundai Sonata Limited 4-Dr Sedan $2,006 $1,003 $167
Jeep Grand Cherokee Laredo 2WD $1,388 $694 $116
Nissan Altima Hybrid 4-Dr Sedan $1,452 $726 $121
Toyota Camry Hybrid $1,532 $766 $128
Toyota Corolla LE $1,372 $686 $114
Volkswagen Jetta SEL 4-Dr Sedan $1,324 $662 $110
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in specific location which can impact prices considerably.

Higher deductibles lower rates

One common question asked by Soledad drivers is which deductibles should you choose. The data tables below summarize the premium difference of buying low and high insurance deductibles. The first data set uses a $250 deductible for physical damage and the second data table uses a $500 deductible.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

GMC Acadia insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $298 $472 $442 $26 $132 $1,395 $116
Acadia SL AWD $342 $472 $442 $26 $132 $1,439 $120
Acadia SLE 2WD $342 $472 $442 $26 $132 $1,439 $120
Acadia SLE AWD $342 $576 $442 $26 $132 $1,543 $129
Acadia SLT 2WD $342 $576 $442 $26 $132 $1,543 $129
Acadia SLT AWD $386 $576 $442 $26 $132 $1,587 $132
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GMC Acadia insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $242 $382 $442 $26 $132 $1,224 $102
Acadia SL AWD $278 $382 $442 $26 $132 $1,260 $105
Acadia SLE 2WD $278 $382 $442 $26 $132 $1,260 $105
Acadia SLE AWD $278 $464 $442 $26 $132 $1,342 $112
Acadia SLT 2WD $278 $464 $442 $26 $132 $1,342 $112
Acadia SLT AWD $314 $464 $442 $26 $132 $1,378 $115
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific location information which can influence prices greatly.

Based on the data above, we can derive that using a $250 deductible costs roughly $15 more each month or $180 each year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 17 months between claims, you would probably be better off if you choose the higher deductible.

Poor driving habits will raise your auto insurance rates

The illustration below demonstrates how speeding tickets and fender-benders raise Hyundai Sonata auto insurance rates for each different age group. The data assumes a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

Full coverage versus liability only rates

The information below illustrates the difference between Honda Civic insurance rates when comparing full coverage to liability only. The premium estimates are based on no violations or claims, $250 deductibles, married male driver, and no discounts are applied.

Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop comprehensive and collision coverage

There is no specific rule for eliminating full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's say your Honda Civic replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your policy deductible. If you are paying more than $800 annually for your policy with full coverage, then it could be time to drop full coverage.

There are some cases where dropping physical damage coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Why you need to buy car insurance

Despite the fact that car insurance is not cheap in Soledad, insurance may be required for several reasons.

The benefits of insuring your car outweigh the cost, specifically if you ever have a liability claim. As of last year, the average driver in California is wasting up to $810 a year so you should quote rates at least once a year to ensure rates are competitive.

Take advantage of every auto insurance discount

Insuring your vehicles can cost a lot, but there's a good chance there are discounts that you may not know about. Certain discounts will be applied when you get a quote, but once in a while a discount must be specifically requested before you get the savings. If you're not getting every credit possible, you are just wasting money.Auto insurance discounts

Discounts save money, but please remember that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like you can get free auto insurance, it's just not the way it works.

Some companies that possibly offer some of the discounts shown above are:

If you are trying to find affordable Soledad car insurance quotes, ask every prospective company which credits you are entitled to. A few discounts may not apply to policies in every state. To locate insurance companies with significant discounts in California, click here.

What if I want to buy from local Soledad insurance agents?

A lot of people would rather sit down and talk to an agent and doing so can bring peace of mind A nice benefit of getting online price quotes is that drivers can save money and get lower rates and still choose a local agent.

Soledad insurance agentsUpon completion of this short form, your insurance coverage information is immediately sent to local insurance agents who will give you quotes to get your business. It's much easier because you don't need to drive around because prices are sent to your email. You can find better rates and a licensed agent to work with. If you want to compare rates from a specific company, you can always search and find their rate quote page and fill out their quote form.

Finding the right insurer should depend on more than just a cheap price. These are some valid questions you should ask.

If you need to find a local agent, you need to know there are two different types of agencies and how they work. Agents in Soledad are categorized either exclusive agents or independent agents.

Exclusive Insurance Agents

Agents in the exclusive channel write business for a single company like AAA, Allstate, and State Farm. Exclusive agents cannot shop your coverage around so they really need to provide good service. Exclusive agents are very knowledgeable in insurance sales which helps them sell on service rather than price.

Independent Insurance Agents

Agents that choose to be independent often have many company appointments and that is an advantage because they can write policies with any number of different companies and get you the best rates possible. To move your coverage to a new company, the business is moved internally and the insured can keep the same agent. When shopping rates, you definitely need to get quotes from several independent insurance agents to get the most accurate price comparison.

After getting acceptable answers for all questions you ask as well as an affordable premium quote, you may have found an auto insurance agent that meets your needs to adequately provide insurance.

Quote more to save more

As you go through the steps to switch your coverage, you should never reduce needed coverages to save money. Too many times, someone sacrificed liability coverage limits only to regret that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage for the lowest price.

In this article, we covered a lot of ways to lower your auto insurance car insurance rates in Soledad. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from a small mutual company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Lower-priced auto insurance in Soledad is attainable both online and from local insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not have online quoting and usually these small insurance companies provide coverage only through independent agents.

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