Five Minute Guide to Saving Money on Dodge Daytona Insurance Rates
I can’t think of a single person who cherishes buying auto insurance, particularly when the cost is too high.
With consumers having so many insurance companies to choose from, it is hard for the average consumer to locate the lowest cost provider.
It’s a good habit to shop coverage around on a regular basis since rates change quite often. Even if you think you had the lowest price for Daytona coverage a year ago there is a good chance you can find better rates now. You can find a lot of misleading information regarding auto insurance on the web, but I’m going to show you some good information on how to find cheap auto insurance.
Dodge Daytona insurance premiums are calculated by many factors
Smart consumers have a good feel for the factors that go into determining the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to lower auto insurance prices.
Listed below are some of the items that factor into prices.
- Do you know you’re credit rating? – A driver’s credit score is a important factor in calculating your auto insurance rates. People with high credit ratings tend to be more responsible than drivers with lower credit scores. If your credit is low, you could pay less to insure your Dodge Daytona by improving your credit score.
- Performance level impacts rates – The type of vehicle you are buying insurance for makes a big difference in how high your rates are. The lowest base rates are usually for economy passenger cars, but other factors influence the final cost greatly. Since the Dodge Daytona is considered a passenger car, insuring your vehicle will cost similar in price or lower when compared to the average rates.
- A clean driving record saves money – Even one speeding ticket can bump up the cost by twenty percent. Drivers who don’t get tickets get better rates than people who have multiple driving citations. If you have severe violations such as DUI or reckless driving may find they need to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
- Discounts for multiple policies – The majority of companies will give a discount to people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. If you currently are using one company, it’s in your best interest to compare rates to ensure the best deal. Consumers may find a better deal by buying auto insurance from a different company.
Don’t pay full price with these discounts
Car insurance is not cheap, but companies offer discounts to help offset the cost. Some trigger automatically at the time of purchase, but some may not be applied and must be specifically requested before being credited.
- Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The good student discount can last up until you turn 25.
- Accident Free – Good drivers with no accidents can earn big discounts compared to bad drivers.
- Student in College – Youth drivers who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
- Drive Less and Save – Low mileage vehicles can qualify you for a substantially lower rate.
- Safe Drivers – Safe drivers may save up to 50% more for Daytona coverage than drivers with accidents.
- Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can receive discounts of 20% or more.
- Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
- 55 and Retired – If you qualify as a senior citizen, you may be able to get reduced rates for Daytona coverage.
- Drivers Ed for Students – Have your child take driver’s ed class in high school.
Keep in mind that most credits do not apply to the entire cost. Most only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will reduce the amount you have to pay.
But I want to work with a local agent
Certain consumers prefer to get advice from a local agent and that is OK! The best thing about comparing rates online is the fact that you can find better rates but also keep your business local. Buying from local insurance agencies is definitely important in smaller rural communities.
Upon completion of this short form, the coverage information is sent to local insurance agents who will battle for your insurance coverage. You don’t have to even leave your home due to the fact that quote results will go to your email. Now that’s easy! You can find the lowest rates without the usual hassles of price shopping.
Captive and independent Nevada insurance agencies
When finding a reliable agent, there are two different types of agents that you can select. Nevada agents are either independent (non-captive) or captive.
Independent Agencies or Brokers
These agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies depending on which coverage is best. If your agent finds better pricing, the business is moved internally without you having to go to a different agency. When shopping rates, it’s a good idea to include at least one independent agent to ensure the widest selection of prices.
Captive Agents
Captive insurance agents can only write with one company like American Family, State Farm and Allstate. They usually cannot shop your coverage around so they have no alternatives for high prices. Captives are very knowledgeable on their company’s products which helps them sell insurance even at higher premiums.
To view a complete directory of Nevada insurance agencies, view this site.
Choosing an insurance agency requires more thought than just a cheap price. Agents should be asked these questions:
- Will your rates increase after a single accident?
- Are they able to influence company decisions when a claim is filed?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How long have they worked with personal auto insurance coverage?
- How much will you save each year by using a higher deductible?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
Upon receiving acceptable answers to all your questions and a low price estimate, most likely you have located an insurance agency that can properly service your auto insurance policy.
The fine print in auto insurance ads
Auto insurance providers like 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. They all say the same thing that you can save if you switch your coverage to them. How can each company say the same thing?
Insurance companies have a certain “appetite” for the type of customer they prefer to insure. For example, a profitable customer could possibly be between 25 and 40, has no prior claims, and has a short commute. Any driver who matches those parameters will get very good rates and most likely will save when switching.
Potential insureds who don’t qualify for this ideal profile will be quoted a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” not “everybody who quotes” save that kind of money. That’s why companies can state the savings.
This emphasizes why you absolutely need to compare as many rates as you can. It’s just too difficult to predict the company that will give you the biggest savings.
Much more information about auto insurance in Nevada can be read on the website for the Nevada Division of Insurance. Click here for link. Nevada consumers can find out industry alerts, read consumer alerts, find out which companies have the most complaints, and view a list of available companies.
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Buy online or local, you save
Low-cost Dodge Daytona insurance can be bought both online and also from your neighborhood Nevada agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some auto insurance companies may not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.
While you’re price shopping online, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice physical damage coverage only to discover later that the savings was not a smart move. Your strategy should be to get the best coverage possible at the best price.