It’s common knowledge that you can save money by shopping around for car insurance, but many people fail to do so. They either choose to remain with their existing insurance company or they opt for a national brand because they think these insurance companies are trustworthy. Unfortunately, foregoing shopping around for insurance costs you more than time.

Low and Moderate Income Drivers Charged More
The Consumer Federation of America conducted a study where they found that many people within low-income zip codes were charged more for auto insurance policies. In fact, basic insurance coverage was often priced over $500 in low and moderate income zip codes. For individuals and businesses purchasing insurance in this zip code, failing to shop around will cost you extra money on your car insurance policy.

Ignoring that Insurance Companies Rate Based on Occupation
Although many people do not know it, insurance companies may price their insurance policies based on education level and occupation. An individual with a high school education paid 41% more on their annual cost of insurance compared to an executive with the same policy, with one of the major insurance carriers. When you shop around you can avoid these practices by choosing to purchase your insurance from independent agents who get quotes for you from many different companies. 

Failing to Maximize Discounts
Although insurance companies offer very similar products, not all insurance companies are created equal. Many insurance companies offer discounts for a multitude of different scenarios for drivers, failing to maximize your discounts means you pay more for your business and auto insurance.

Do not pay more for car insurance when you do not have to in Watervliet, New York. You can call an independent insurance agent and get the best insurance for your budget, today.

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