Cutting costs on car insurance can seem to be nearly impossible for drivers who are beginners to online comparison shopping. With more and more insurers to choose from, it can quickly become a big hassle to find the best coverage rates.

Regrettably, over 70% of drivers kept their policy with the same company for at least four years, and approximately 38% of consumers have never quoted rates to find cheaper coverage. With the average car insurance premium being $1,400, Folsom drivers can save hundreds of dollars each year by just shopping around, but they just assume it takes a lot of time to shop around.

Smart consumers take time to price shop coverage every six months because prices go up and down regularly. Just because you had the best rates on car insurance six months ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because you're going to get a crash course in the best way to find lower rates on car insurance.

Score discounts to get cheaper Folsom car insurance rates

Insurance can be prohibitively expensive, but companies offer discounts that many people don't even know exist. Certain discounts will be applied at the time of quoting, but lesser-known reductions have to be specifically requested before you get the savings.Discount car insurance

A quick disclaimer, most discounts do not apply to all coverage premiums. Most only cut individual premiums such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, companies don't profit that way. Any amount of discount will cut your car insurance premiums.

A few popular companies and a summarized list of policyholder discounts can be found below.

When getting free Folsom auto insurance quotes, it's a good idea to every company which discounts you may be entitled to. Some discounts listed above might not be offered in Folsom. If you would like to view car insurance companies that offer some of these discounts in California, follow this link.

The best way to compare car insurance rates is to know car insurance companies participate in online systems to compare their rates. To start a quote, the only thing you need to do is provide a small amount of information including what you do for a living, if the car is leased, whether you are married, and how much education you have. That information is instantly provided to many highly-rated insurers and you should receive rate quotes within a short period of time.

To compare rates now, click here and find out if you can get cheaper insurance in Folsom.

The auto insurance companies shown below are our best choices to provide free quotes in California. If multiple companies are listed, we recommend you visit two to three different companies to get the most competitive price.

Insurance Rates for Popular Vehicles in Folsom
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $1,272 $636 $106
Chevrolet Equinox LT 2WD $1,304 $652 $109
Chevrolet Silverado LS Extended Cab 2WD $1,624 $812 $135
Dodge Grand Caravan Hero $1,304 $652 $109
Dodge Ram Crew Cab Sport 2WD $1,548 $774 $129
Ford Edge Limited AWD $1,638 $819 $137
Ford Escape XLS 2WD $1,452 $726 $121
Ford Explorer XLT 4WD $1,406 $703 $117
Ford F-150 Lariat Crew Cab Harley 4WD $1,734 $867 $145
Ford Focus SES 4-Dr Sedan $1,576 $788 $131
Honda Accord LX-P 4-Dr Sedan $1,328 $664 $111
Honda CR-V EX-L 4WD $1,326 $663 $111
Honda Civic EX 2-Dr Coupe $1,452 $726 $121
Nissan Altima 2.5 4-Dr Sedan $1,490 $745 $124
Toyota Camry SE $1,102 $551 $92
Toyota Corolla XLE $1,588 $794 $132
Toyota Prius $1,656 $828 $138
Toyota RAV4 Limited 4WD $1,348 $674 $112
Volkswagen Jetta 2.0T 4-Dr Sedan $1,324 $662 $110
Get Your Own Custom Quote Go

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle garaging location which can influence insurance rates greatly.

Liability-only versus full coverage

The chart below shows the difference between GMC Acadia car insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or claims, $250 deductibles, married female driver, and no discounts are applied to the premium.

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

Are you wasting money paying for full coverage?

There is no definitive guideline to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your GMC Acadia book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after the policy deductible has been paid. If it's costing in excess of $600 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Comparison of car insurance rates by gender and age

The chart below compares insurance prices for male and female drivers in Folsom. The price estimates are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no policy discounts are applied on a Honda Accord LX-P.

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

Irresponsible driving raises your rates

The diagram below illustrates how traffic citations and at-fault accidents influence Ford Focus insurance rates for different age groups. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Do I need a local insurance agent?

A lot of people would rather talk to an insurance agent and that is recommended in a lot of cases A good thing about getting free rate quotes online is the fact that you can find cheap auto insurance quotes and also buy local. Supporting local insurance agencies is still important in Folsom.

Find insurance agent in FolsomBy using this simple form, your insurance coverage information is immediately sent to companies in Folsom that can provide free Folsom auto insurance quotes for your insurance coverage. You won't need to search for any insurance agencies since price quotes are sent directly to your email. You can get cheaper auto insurance rates and a licensed agent to talk to. If you want to quote rates from one company in particular, feel free to find their quoting web page and submit a quote form there.

Folsom car insurance agents are either independent or exclusive

If you want to buy auto insurance from a local Folsom insurance agency, it helps to know the two types of agencies and how they can service your needs differently. Auto insurance agents can be classified as either independent (non-exclusive) or exclusive.

Independent Insurance Agents

Agents that choose to be independent are appointed with more than one company so they can insure your vehicles with lots of companies and potentially find a lower price. If they find a cheaper price, the business is moved internally which is easy for the insured.

If you need lower rates, you will want to include at least one independent agent in order to have the best price comparison. Most can insure with smaller mutual companies that many times have cheaper rates.

Exclusive Agents

These type of agents write business for a single company and examples are Allstate and State Farm. Exclusive agents are unable to place coverage with different providers so if the price isn't competitive there isn't much they can do. They are very knowledgeable on sales techniques which helps overcome the inability to quote other rates. Consumers often use the same agent mainly due to the brand rather than low rates.

Selecting a insurance agent requires you to look at more than just the bottom line cost. Agents should be asked these questions:

Specifics of your auto insurance policy

Understanding the coverages of your auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy.

Comprehensive protection - This pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a bird, hitting a deer, theft, vandalism and damage from a tornado or hurricane. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Vehicles with the Lowest and Highest Comprehensive Claims
Lowest Claim Amount Highest Claim Amount
Chevy Spark Bentley Continental GTC
Nissan Xterra Audi S7
Chevy Silverado 2500 Maserati Quattroporte
Smart ForTwo Porsche Panamera GTS
Volvo V60 BMW M6
Ford F-350 Maserati Granturismo

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Uninsured or underinsured coverage - Your UM/UIM coverage provides protection from other motorists when they are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle's damage.

Because many people carry very low liability coverage limits (which is 15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally these coverages are set the same as your liability limits.

Auto liability - This can cover damage or injury you incur to people or other property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 15/30/5 that means you have a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like medical expenses, attorney fees and emergency aid. How much liability should you purchase? That is up to you, but it's cheap coverage so purchase as high a limit as you can afford. California state law requires minimum liability limits of 15/30/5 but you should consider buying better liability coverage.

Lowest and Highest Bodily Injury Liability Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Subaru Outback Mitsubishi Mirage
Chevrolet Corvette Chevrolet Impala
Audi A6 Chrysler 200
Volvo XC60 Kia Optima
Mercedes-Benz SL Class Chevrolet Sonic
Subaru Forester Kia Rio

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Medical expense coverage - Med pay and PIP coverage kick in for immediate expenses like dental work, prosthetic devices, funeral costs and doctor visits. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto Insurance Medical Payment Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Tesla Model S Chrysler 200
Ford F-350 SuperCrew Kia Forte
Ford F-250 SuperCrew Chevrolet Spark
Audi A4 Allroad Mitsubishi Mirage
Land Rover Range Rover Sport Hyundai Accent
Chevrolet Corvette Nissan Sentra

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision - Collision coverage covers damage to your vehicle from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, colliding with a tree, crashing into a building and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Vehicle Make and Models with the Lowest and Highest Collision Claims
Lowest Claim Amount Highest Claim Amount
GMC Canyon BMW M6
Mini Cooper Bently Continental GTC
Chevrolet Colorado Maserati Granturismo
Ford Edge Nissan GT-R
Smart ForTwo Ferrari 458
Nissan Xterra Bently Continental GT

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Persistence is the key to cheaper rates

As you restructure your insurance plan, never buy poor coverage just to save money. In many instances, consumers will sacrifice liability coverage limits and learned later that it was a big mistake. Your goal is to buy the best coverage you can find at the best possible price, but do not skimp to save money.

We just covered a lot of techniques to save on car insurance in Folsom. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Folsom auto insurance quotes. Consumers could even find that the lowest priced car insurance comes from the smaller companies.

Discount car insurance in Folsom is definitely available both online in addition to many Folsom insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not offer the ability to get quotes online and usually these small insurance companies only sell coverage through local independent agencies.

More detailed car insurance information is available in these articles: