If you have a perfect driving record and if you have enough money in the bank to guarantee that you can pay medical expenses and property damage for any accident you are involved in – then the state of Iowa says you don’t need to buy automobile insurance.
Of course, how many of us have the necessary financial resources to cover any accident we may be involved in? Very few.
That’s why the vast majority of drivers want to know how to get the best rates on automobile insurance here in Iowa. And fortunately there are several tips and trick that can help almost any driver save money on automobile insurance month after month.
First let’s look at your driving record. This is where some drivers make their biggest mistake. If you want good rates on your automobile insurance you need a clean driving record. If you have a speeding ticket or other moving violation then chances are you’re going to pay more for your automobile insurance than will someone with a spotless record.
If you have a DUI (Driving Under the Influence) or a DWI (Driving While Intoxicated) conviction then you will almost certainly pay a much higher premium for the privilege of driving. And if you receive a second conviction for DUI or DWI then you’ll probably be forced to find insurance in the high-risk pool at prices that are truly in the stratosphere.
If you’re under 25 you know how high your insurance rates are. One thing you can do to lower them is to stay in school and maintain at least a 3.0 grade point average. Doing this will earn you about a 5% savings on your automobile insurance every singe month in the form of a Good Student Discount.
Have you been with the same insurance company at least 5 years? Ask your agent if you qualify for a Long-Term Discount.
Do you have other insurance policies with the same insurance company? If so you may be entitled to a Multi-Policy Discount.
If you’re 55 or older you may be eligible to take a special driver’s refresher course. Passing it could save you as much as 10% or even 15% on your monthly premium. Ask your agent if your insurance company offers such a discount.
Do you drive only a few miles each week? Maybe just to the grocery store and back? Maybe to the doctor’s office once a month? If so you could be entitled to a Low-Mileage Discount.
Do you park your car in a garage at night? If so you should ask your agent about a Garaged-Car Discount.
Do you drive an older model, perhaps one that no longer has any Kelly Blue Book value? If so you’re wasting your money if you’re paying for collision or comprehensive insurance. If you’re in an accident your insurance company won’t pay you more than the Kelly Blue Book value of your vehicle, so ask your agent if it is still worth it to you to keep paying for this insurance.
What about your deductible? The more you can afford to pay if you have a claim, and the less your insurance company will be asked to pay the lower your monthly premium cost will be.
Now that you are armed with the knowledge necessary to structure an affordable automobile insurance policy it’s time for you to get online and find at least 3 different websites that are going to let you compare prices between the different insurance companies.
Don’t fall into the trap of thinking that you only need to make your comparison on just one website – no website compares all of the insurance companies in Iowa. If you’re really serious about getting the best rates on automobile insurance in Iowa then you’ll need to take the time to make comparisons on at least 3 different sites.
Once you’ve done that then you can feel confident that you have truly found the best deal you possibly could and gotten the best rates on your automobile insurance.