Wish you could get out of an overpriced insurance policy? It’s a common feeling and you are not the only one feeling buyer’s remorse.
It’s well known that car insurance companies don’t want their policyholders to compare prices. Consumers who get comparison quotes at least once a year are likely to move their business because of the high probability of finding a lower-cost company. A recent survey revealed that people who compared prices regularly saved $72 a month compared to drivers who didn’t regularly shop around.
If saving money on insurance in Anchorage is the reason for your visit, then having a grasp of how to quote prices and compare insurance premiums can save time and make the process easier. Companies like Allstate, Progressive and GEICO continually bombard you with advertising and it is difficult to sift through the bull and effectively compare rates to find the best deal.
If you have insurance now or are just looking to switch companies, use these money-saving tips to reduce premiums while maximizing coverage. Buying the cheapest insurance in Anchorage is quite easy. You just need to learn the most efficient way to get comparison rates using one simple form.
Smart Consumers Can Slash Their Insurance Costs
Many different elements are used when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, although some other factors are not quite as obvious like your continuous coverage or your commute time. When buying insurance it’s important to understand the rating factors that aid in calculating your insurance rates. If you know what influences your rates, this enables you to make decisions that could result in better insurance rates.
The itemized list below are most of the major factors companies use to determine rates.
- Drive less and save – Driving more miles in a year’s time the more you will pay for insurance. Most companies calculate prices based upon how you use the vehicle. Vehicles not used for work or commuting get more affordable rates than those that get driven frequently. It’s always a good idea to double check that your insurance declarations sheet properly reflects annual mileage, because improper ratings can cost you money. Having the wrong rating on your Verano is throwing money out the window.
- Insure your auto and home with one company – Most major companies allow discounts to insureds that have more than one policy. It’s known as a multi-policy discount. Even though this discount sounds good, you may still want to comparison shop to make sure you are getting the best deal. You may still save even more even if you insure with multiple companies
- Safer cars cost less to insure – Cars with five star safety ratings cost less to insure. The safest vehicles result in less severe injuries and better occupant protection translates into savings for insurance companies which can result in lower premiums. If the Buick Verano scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
- Traffic violations are costly – Even one speeding ticket or other violation could increase your next policy renewal by twenty percent. Drivers who don’t get tickets have lower premiums compared to bad drivers. Drivers who have careless violations like DUI, reckless driving or excessive speeding might be required by their state to file a SR-22 with their state’s licensing department in order to drive a vehicle legally.
- Advanced alarm systems – Buying a car with anti-theft technology or alarm system can save you some money. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart your vehicle from being stolen.
- More performance means more cost – The performance level of the car you own makes a big difference in your rates. The lowest premiums will normally be found when insuring lower cost passenger cars, but there are many factors that impact the final cost.
- Youthful drivers pay high prices – Older insureds are viewed as being more responsible, statistically cause fewer accidents, and get fewer tickets. Inexperience drivers are proven to be inattentive in a vehicle so they pay higher insurance rates.
- Do you know you’re credit history? – Having a bad credit history is a large factor in your rate calculation. Consumers who have high credit scores tend to file fewer claims as compared to drivers with lower ratings. If your credit rating can use some improvement, you could pay less to insure your Buick Verano by improving your rating.
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Buick Verano insurance loss statistics – Companies factor in historical loss data in order to profitably underwrite each model. Vehicles that statistically have a trend towards higher claims will cost more to insure.
The table below outlines the insurance loss data used by companies for Buick Verano vehicles. For each coverage category, the claim probability for all vehicles combined as an average equals 100. Numbers shown that are under 100 suggest a better than average loss history, while percentage numbers above 100 indicate higher probability of having a loss or an increased chance of a larger loss.
Buick Verano Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Buick Verano 92 96 85 109 127 126 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Verify you’re getting every discount
Some companies don’t always publicize every discount very well, so the next list breaks down both well-publicized as well as some of the hidden insurance savings. If you do not check that you are getting every discount possible, you’re just leaving money on the table.
- Driver Training Discounts – Passing a course in defensive driver can save you 5% or more and make you a better driver.
- Good Student Discount – A discount for being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
- First Accident Forgiveness – This one isn’t a discount, but companies like Allstate and Progressive will let one accident slide without raising rates so long as you haven’t had any claims for a specific time period.
- Anchorage Homeowners Pay Less – Being a homeowner can save you money because it requires a higher level of personal finance.
- Theft Prevention Discount – Cars optioned with advanced anti-theft systems can help prevent theft and will qualify for a discount on a Anchorage car insurance quote.
- Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class as it can save substantially.
- No Claim Discounts – Drivers who don’t have accidents pay much less when compared to accident-prone drivers.
A little note about advertised discounts, most discount credits are not given to your bottom line cost. Most only cut individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky.
Large insurance companies and some of the premium reductions they offer are:
- 21st Century policyholders can earn discounts including theft prevention, early bird, driver training, teen driver, and 55 and older.
- Progressive may include discounts for continuous coverage, online signing, homeowner, good student, online quote discount, and multi-policy.
- State Farm has savings for accident-free, good student, good driver, multiple policy, and defensive driving training.
- Nationwide includes discounts for good student, accident-free, anti-theft, easy pay, business or organization, defensive driving, and Farm Bureau membership.
- Esurance has discounts for paid-in-full, anti-theft, defensive driver, Pac-12 alumni, safety device, and multi-car.
- The Hartford may offer discounts for vehicle fuel type, good student, bundle, anti-theft, and driver training.
It’s a good idea to ask each company to apply every possible discount. Some credits might not be offered on policies in your area. If you would like to see a list of companies who offer insurance discounts in Alaska, click here.
How to find a good Anchorage auto insurance company
Choosing the highest-rated insurance provider is difficult considering how many different companies insure vehicles in Anchorage. The company rank data shown below can help you choose which companies to look at comparing prices from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Quote more to save more
More affordable car insurance in Anchorage can be bought from both online companies as well as from independent agents in Anchorage, and you need to price shop both to get a complete price analysis. A few companies don’t offer the ability to get a quote online and most of the time these regional insurance providers only sell coverage through local independent agents.
When getting Anchorage car insurance quotes online, don’t be tempted to skimp on coverage in order to save money. In many instances, an accident victim reduced liability coverage limits only to discover later they didn’t have enough coverage. The aim is to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.
Steps to finding cheaper rates for Buick Verano insurance in Anchorage
If saving the most money is your goal, then the best way to find cheaper car insurance rates is to regularly compare quotes from insurers that sell auto insurance in Anchorage. Price quotes can be compared by following these guidelines.
First, try to learn about car insurance and the factors you can control to prevent expensive coverage. Many risk factors that drive up the price like high-risk driving behaviors and a negative credit score can be remedied by making minor changes to your lifestyle.
Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Allstate, while agents who are independent can quote prices for many different companies.
Third, compare the new rate quotes to your existing rates and see if there is a cheaper rate in Anchorage. If you can save money and make a switch, make sure there is no coverage gap between policies.
Fourth, tell your current agent or company to cancel your current policy. Submit a completed application and payment to the newly selected company. Once the paperwork is finalized, put the new certificate verifying coverage with your registration paperwork.
An important note is to use identical deductibles and limits on each quote and and to analyze as many carriers as you can. Doing this enables the most accurate price comparison and the best price selection.
Additional detailed information can be read by following these links:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Affordable Anchorage Auto Insurance Rates for a Nissan Altima? (FAQ)
- How Much are Car Insurance Rates for a Jeep Grand Cherokee in Anchorage? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers with Bad Credit in Anchorage? (FAQ)
- Who Has Cheap Anchorage Auto Insurance Rates for State Employees? (FAQ)
- Who Has Cheap Auto Insurance for College Students in Anchorage? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Ford Fusion in Anchorage? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Avoiding Deer Collisions (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)
- How to shop for a safer car (Insurance Institute for Highway Safety)