Really, the only way to get low-cost Dodge Magnum insurance is to make a habit of regularly comparing prices from insurance carriers in Detroit. Drivers can shop around by following these guidelines.
Step 1: Gain an understanding of how companies price auto insurance and the modifications you can make to keep rates low. Many factors that are responsible for high rates like multiple speeding tickets and an imperfect credit history can be controlled by paying attention to minor details. Keep reading for instructions to get better rates and find overlooked discounts.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple companies.
Step 3: Compare the new rate quotes to the premium of your current policy to see if cheaper Magnum coverage is available in Detroit. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
One piece of advice is to make sure you're comparing the same level of coverage on every quote and and to get rates from as many companies as feasibly possible. Doing this enables a fair price comparison and a better comparison of the market.
Everyone knows that auto insurance companies don't want you to look at other companies. Insureds who compare rates annually are likely to buy a different policy because there is a significant possibility of finding discount prices. A recent survey revealed that people who compared rates once a year saved $850 each year compared to those who never compared rates.
If finding the best rates on car insurance is why you're reading this, then having a grasp of how to get free comparison quotes and analyze car insurance can help you succeed in saving money.
Locating cheaper insurance coverage in Detroit is easy if you know what you're doing. If you have coverage now or are looking for a new policy, you can use these techniques to find better prices without sacrificing coverage. Comparison shoppers just need to know the proper methods to find the lowest price from many different companies.
The companies shown below are our best choices to provide free quotes in Michigan. If you want the cheapest car insurance in Detroit, MI, it's highly recommended you get price quotes from several of them in order to find the cheapest rates.
Lower-cost Detroit car insurance rates with discounts
Car insurance is not cheap nor is it fun to buy but you may qualify for discounts that could help you make your next renewal payment. Some of these discounts will be visible at the time of quoting, but a few must be asked about in order for you to get them.
- Include Life Insurance and Save - Not every insurance company offers life insurance, but if they do you may earn better rates if you take out some life insurance in addition to your auto policy.
- Resident Student - Older children who attend college more than 100 miles from Detroit and don't have a car can be insured at a reduced rate.
- Multi-policy Discount - When you have multiple policies and place coverage with the same company you may save at least 10% off all policies.
- Defensive Driver - Successfully completing a class that teaches safe driver techniques could earn you a small percentage discount and make you a better driver.
- Senior Citizen Discount - If you qualify as a senior citizen, you may qualify for a small discount on rates.
- Theft Deterrent Discount - Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Most only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, nobody gets a free ride.
A few companies that may offer policyholders these money-saving discounts may include but are not limited to:
Before you buy a policy, ask each company which credits you are entitled to. Depending on the company, some discounts may not apply in Detroit.
Dodge Magnum Insurance Rate Factors
An important part of buying insurance is that you know the different types of things that help determine car insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that can help you get cheaper rates. Lots of things are part of the equation when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other factors are not as apparent such as your credit history or how safe your car is.
The itemized list below are just a few of the factors that factor into your prices.
Vehicle options that lower prices - Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.
Pay less with a high NHTSA crash test rating - Cars with five star safety ratings can get you lower premiums. Safer cars reduce injuries and any reduction in injury severity means lower claim amounts and lower rates for you. If the Dodge Magnum has at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
Discounts for auto and home policies - Most major insurance companies afford a discount to buyers who buy several policies from them, otherwise known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount applied, you still need to comparison shop to help guarantee you have the best rates. It's possible to still save more without the discount by buying car insurance from a different company.
Traffic violations can increase rates - Being a careful driver has a huge affect on how much you pay. Having just one driving citation may cause rates to rise twenty percent or more. Attentive drivers pay lower auto insurance prices as compared to careless drivers. Drivers who have careless citations like hit and run, DWI or reckless driving convictions are required to file a SR-22 with their state's licensing department in order to prevent their license from being revoked.
Minor frequent policy claims are not good - If you're an insured who likes to file claims don't be surprised to see either policy cancellation or increased premiums. Companies in Michigan generally give the lowest premiums to policyholders who are not frequent claim filers. Your insurance policy is intended to be relied upon for more catastrophic claims.
Credit history impacts premium prices - Your credit history is a large factor in calculating your premium rate. Drivers with good credit tend to be better drivers and file fewer claims than drivers with lower credit scores. If your credit leaves room for improvement, you could pay less to insure your Dodge Magnum by improving your credit score.
Your employer and car insurance rates - Jobs such as military generals, air traffic controllers, and dentists are shown to have the highest average rates due to high stress levels and incredibly demanding work hours. Conversely, careers like professors, historians and homemakers receive lower rates.