Cheap Car Insurance 2020 Tips - How To Keep Car Insurance Premiums Low - Yahoo Finance

Posted: 12 Feb 2020 12:00 AM PST

LOS ANGELES, CA / ACCESSWIRE / February 12, 2020 / Compare-autoinsurance.org (http://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website offers car insurance info about different coverage types, available discounts, and money-saving tips.

The price of auto insurance has increased in the past years. Although driving their vehicles is a necessity for most drivers, some will even consider dropping coverage and become uninsured in order to escape from the increased insurance costs. However, there are some ways that can help drivers keep car insurance costs under control and even pay less on their premiums.

To protect themselves from sudden car insurance price spikes, policyholders can follow these tips:

Obey traffic laws. Many different traffic violations can lead to an increase in car insurance premiums. Even a parking ticket can remain as much as three years in a driving record.
Shop for online quotes periodically. Drivers are advised to scan the insurance market at least two times per year. Although many policyholders avoid doing this or they consider it to be unnecessary, not scanning the insurance market can be an expensive mistake that it can cost drivers hundreds of dollars each year. Also, brokerage websites will help policyholders compare insurance quotes in just a few minutes.
Review the insurance policy at renewal. Policyholders should carefully analyze their policies and see if they are not missing any discounts. Also, they can check if traffic tickets that should come off their driving records are still present.
Use multi-policy discounts. Policyholders can choose to insure all the cars from a household to the same insurer or they can insure different policies like car insurance, life insurance and home insurance on the same policies. The discounts offered for these bundled policies can be really great, and in some cases, they can be as high as 30% of the insurance costs.
Avoid adding a teen driver to the policy. Insurance companies consider teen drivers as high-risk and charge them extra on their policies. To make their insurance costs more affordable, teen drivers can choose to drive a car that is cheap to insure. They can also try to get good grades at school and obtain a good student discount.
Be honest with the insurers. Hiding things like past traffic tickets or the existence of a new driver in the household can lead to severe financial penalties when the insurers find out.
Maintain a good credit score. In most states, the laws allow the insurers to take the drivers' credit score into account when they determine their insurance rates. Insurance companies claim they found a correlation between the drivers' credit score and the chances for them to file for a claim. As a result, drivers with a poor credit score are more likely to file for a claim. For this reason, policyholders with a poor credit score will pay more on their premiums compared to those that have good or excellent credits score.
Consider dropping full coverage. Policyholders that drive older vehicles, should consider dropping full coverage in certain situations. For example, if a vehicle's value is less than ten insurance rates payments, then keeping full coverage on that vehicle Is useless.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"Policyholders can easily avoid insurance price spikes if they apply several ingenious and money-saving methods", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact Name: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

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Georgia Farm Bureau Insurance Review 2020 - NerdWallet

Posted: 14 Feb 2020 12:23 PM PST

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn't influence our evaluations. Our opinions are our own.

Offers some of Georgia's cheapest average auto insurance rates.
Has fewer than the expected number of complaints to state regulators relative to its size for auto and home insurance.
Requires membership in Farm Bureau, which is open to anyone.

In Georgia, Farm Bureau insurance may be a good choice for you, even if your only connection to farming is what's on your dinner plate.

A $35 annual membership fee to the Farm Bureau gives you access to some of the cheapest auto insurance rates in Georgia, on average, plus homeowners insurance and other benefits.

Although Farm Bureau insurance is available in most states, policies from Georgia Farm Bureau Insurance are offered only in the Peach State. Georgia Farm Bureau Insurance is one of more than 20 separate Farm Bureau-affiliated insurance companies, many of which operate in just one state.

» MORE: How Farm Bureau insurance works

Georgia Farm Bureau auto insurance

3.5 NerdWallet rating

Georgia Farm Bureau auto insurance earned 3.5 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account a number of details including pricing, discounts and ease of filing a claim. Other factors analyzed include website transparency, financial strength and complaint data from the National Association of Insurance Commissioners.

For many drivers, Georgia Farm Bureau Insurance offers some of the lowest average prices in the state, according to NerdWallet's 2020 rate analysis. Even after taking into account the Farm Bureau membership fee, rates were typically hundreds of dollars a year cheaper than the state average.

Drivers with poor credit might be particularly interested in getting a Georgia Farm Bureau car insurance quote. The company was the only insurer of the seven we checked in Georgia that showed the same rates for good-credit and bad-credit drivers. Rates from other insurers in Georgia were as much as $2,000 a year higher for a driver with poor credit compared to someone with good credit.

For single drivers, Georgia Farm Bureau Insurance was the state's cheapest option in every category we checked except for one: It was second cheapest (by $34 a year) for a 25-year-old with good credit and a clean driving record, buying the state's minimum required car insurance. In other categories, rates ranged from $173 to $1,621 a year below the state average.

Georgia Farm Bureau Insurance average annual rates

Georgia Farm Bureau Insurance was also the state's least expensive insurer for a married couple with a teen driver, and the second cheapest option for the couple alone. We found these average annual rates for a Georgia husband and wife, both 50 years old, buying full coverage insurance on two cars:

$2,167 for the couple alone. That's $263 a year higher than the cheapest option, but still $154 below the average for Georgia.
$3,584 for the couple plus an 18-year-old driver. That's $138 a year cheaper than the closest competitor and $684 below the state average.

Georgia Farm Bureau auto insurance discounts

Georgia Farm Bureau auto insurance policyholders may be eligible for discounts for:

Safe driving.
Driver training.
Bundling auto and home coverage.
Good grades, if the policy covers a student.

» MORE: 8 ways to get the cheapest car insurance possible

Georgia Farm Bureau auto insurance coverage options

Georgia Farm Bureau Insurance has limited information on its website about its car insurance coverage options. However, according to our rate analysis, the company offers standard features such as liability insurance as well as optional add-ons like comprehensive and collision coverage.

Roadside assistance is included through a partner company, Road America, a subsidiary of Mapfre. Accident forgiveness is also available.

» MORE: Best cheap car insurance in Georgia

Georgia Farm Bureau homeowners insurance

Homeowners policies from Georgia Farm Bureau Insurance can include options like:

Mechanical breakdown coverage.
Home business insurance.
Coverage for hobby farms.
Extra coverage for valuables like jewelry, furs and firearms.

More about Georgia Farm Bureau Insurance

Georgia Farm Bureau Insurance had fewer than the expected number of complaints to state regulators relative to its size for both home and auto insurance, according to three years' worth of data from the National Association of Insurance Commissioners.

In addition to home and auto policies, you can get several other types of coverage through Georgia Farm Bureau Insurance, including:

Renters insurance.
Condominium insurance.
Farm insurance.
Life insurance through Southern Farm Bureau Life, an affiliated company that operates in 11 states.

Georgia Farm Bureau members may also qualify to purchase:

Dental insurance through Delta Dental.
Medicare supplement insurance through Tennessee Rural Health.
Preventive health screenings through Life Line Screening.
Telemedicine services through Teladoc.
Health insurance for small businesses, including sole proprietors, through Anthem Blue Cross and Blue Shield of Georgia.

Georgia Farm Bureau offers discounts for prescription drugs, LASIK eye surgery, air ambulance service, hearing aids and other products and services.

Website: The Georgia Farm Bureau Insurance website lets you find an agent, get a quote, make premium payments and report a claim. It has very few details about policy options, and refers you to a local Farm Bureau agent.

Mobile app: On your mobile device you can pay your premiums, start a claim and check its status. You can also connect with an agent, view your policy information and call for roadside assistance.

METHODOLOGY: AUTO INSURANCE RATINGS

NerdWallet's auto insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, website transparency and affordability. Using our editorial discretion, we also consider customer satisfaction surveys. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

METHODOLOGY: INSURER COMPLAINTS

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2016-2018. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company's complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home and life insurance.

Methodology: Auto insurance rates

For our "good driver" profile, NerdWallet averaged rates from the largest insurers in the state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:

$100,000 bodily injury liability per person.
$300,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$100,000 uninsured motorist coverage per person.
$300,000 uninsured motorist coverage per accident.
Collision coverage with a $1,000 deductible.
Comprehensive coverage with a $1,000 deductible.

If required, minimum additional coverages were added. Our "young driver" had all the same characteristics, but average rates were for 25-year-old men and women. We used the same assumptions for all other driver profiles, with the following exceptions:

For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
We changed the credit tier from "good" to "poor" as reported to the insurer to see rates for drivers with poor credit.
For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage.
For drivers with a ticket, we added a single speeding violation for driving 16 m.p.h. over the speed limit.
For drivers with a DUI, we added a single drunken driving violation.

We used a 2016 Toyota Camry LE for all single drivers.

Couples in our analyses were 50-year-old men and women with good credit and clean driving histories averaged across all ZIP codes with the same policy outlined above. To see rates for families with a teen, we added an 18-year-old licensed two years ago, averaging rates for male and female teens. For couples and families, we added a 2016 Nissan Rogue S to create a two-car household.

These are rates generated through Quadrant Information Services. Your own rates will be different.

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