How to Compare Louisville Chrysler Sebring Insurance

If saving the most money is your goal, then the best way to get discount Chrysler Sebring insurance is to compare prices once a year from different companies who provide auto insurance in Louisville. You can compare prices by following these steps.

1. Take a little time to learn about how auto insurance works and the things you can change to prevent rate increases. Many factors that result in higher prices like speeding and an unacceptable credit rating can be improved by making minor driving habit or lifestyle changes.
2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for a wide range of companies. View rates
3. Compare the price quotes to your existing coverage to determine if you can save on Sebring insurance in Louisville. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.

An important bit of advice to remember is to try to compare the same physical damage deductibles and liability limits on every quote request and and to get price estimates from all possible companies. Doing this helps ensure a fair rate comparison and a complete selection of prices.

Everyone knows that insurance companies want to keep your business as long as possible. People who shop rates annually are inclined to buy a different policy because there are good odds of finding more affordable rates. A recent survey revealed that drivers who did price comparisons regularly saved as much as $70 a month compared to those who never shopped around for cheaper prices.

If finding the best rates on insurance is your ultimate objective, then knowing how to shop for insurance rates can save money and time.

To find the best car insurance rates, there are several ways to compare prices from many available car insurance companies in Kentucky. The quickest method to compare rates involves getting comparison quotes online.

Comparing free rates online is easy and it, makes it a waste of time to waste gas driving to insurance agencies in your area. Comparing Chrysler Sebring insurance rates online can eliminate the need for a local agent unless you have a need for the professional guidance of an agent trained in personal lines coverage. Although you can price shop your coverage online but still have the advice of a local agent.

It’s important to know that comparing more prices helps increase your odds of locating the best price.

The auto insurance companies shown below offer quotes in Louisville, KY. To get the cheapest car insurance in Louisville, we suggest you compare several of them in order to find the most competitive rates.

Chrysler Sebring insurance coverage information

The table below highlights a range of prices for Chrysler Sebring models. Learning as much as possible about how insurance premiums are formulated can aid in making smart choices when buying a car insurance policy.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in vehicle location which can raise or lower price quotes significantly.

Raise deductibles and save

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The following insurance rates sum up the rate differences when you choose different deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in specific Louisville garaging location which can affect premiums significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $27 more each month or $324 for a full year than choosing the higher $1,000 deductible. Since you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have at least 28 months between claim filings, you would save money by going with a higher deductible.

Full coverage versus liability only rates

The example below compares Chrysler Sebring car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The premiums assume no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are applied.

Deciding between full coverage and liability only

There isn’t a written rule to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Chrysler Sebring settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after paying your deductible. If you are paying more than $700 annually for your policy with full coverage, then you might consider buying liability only.

There are some circumstances where dropping full coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Discount Louisville insurance rates

Insurance can be pricey, but you might find some hidden discounts that you may not even know about. Most are applied when you complete an application, but some must be specially asked for before they will apply.

• Distant Student Discount – College-age children who attend college more than 100 miles from Louisville without a vehicle on campus can be insured at a reduced rate.
• Good Student Discount – A discount for being a good student could provide a savings of up to 20% or more. Most companies allow this discount up until you turn 25.
• Driver Safety – Successfully completing a driver safety course is a good idea and can lower rates and easily pay for the cost of the class.
• Buy New and Save – Adding a new car to your policy is cheaper since new vehicles are generally safer.
• First Accident Forgiveness – This one is not really a discount per se, but some insurance companies will let one accident slide before raising your premiums if you have no claims prior to the accident.
• Membership in Organizations – Belonging to a civic or occupational organization in Louisville can get you a small discount when shopping for insurance.
• Accident Free – Drivers with accident-free driving histories get the best insurance rates as compared to frequent claim filers.

While discounts sound great, it’s important to understand that some credits don’t apply to the whole policy. Most only cut specific coverage prices like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will positively reduce your insurance premiums.

The chart below compares Chrysler Sebring car insurance rates with and without discounts applied. The information is based on a female driver, no violations or accidents, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.

A few of the larger companies and their possible discounts can be read below.

• State Farm includes discounts for driver’s education, anti-theft, good student, student away at school, and safe vehicle.
• Liberty Mutual may offer discounts for safety features, hybrid vehicle, good student, newly retired, preferred payment discount, new move discount, and new graduate.
• American Family has discounts for accident-free, multi-vehicle, TimeAway discount, Steer into Savings, good driver, and defensive driver.
• Progressive discounts include online signing, multi-vehicle, multi-policy, good student, homeowner, and online quote discount.
• Farmers Insurance has savings for mature driver, business and professional, electronic funds transfer, distant student, youthful driver, and homeowner.
• Auto-Owners Insurance may have discounts that include multiple vehicles, teen driver, mature driver, anti-theft, paperless, air bags, and group or association.
• SAFECO offers discounts including accident prevention training, anti-theft, homeowner, teen safety rewards, teen safe driver, and multi-car.

When quoting, ask each insurance company which discounts you qualify for. Some discounts may not apply to policies in your state. For a list of companies that provide some of the discounts listed above in Louisville, click here to view.

Choosing Chrysler vehicle insurance is an important decision

Even though Louisville Sebring insurance rates can get expensive, buying auto insurance serves a purpose in several ways.

First, most states have minimum liability requirements which means you are required to carry specific limits of liability protection if you don’t want to risk a ticket. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your vehicle, it’s guaranteed your bank will have a requirement that you buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Chrysler at a much higher rate and make you pay for the expensive policy.

Third, auto insurance preserves your car and your assets. It will also provide coverage for medical expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to have it repaired.

The benefits of buying auto insurance definitely exceed the price paid, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $855 a year so compare rates once a year at a minimum to be sure current rates are still competitive.

Buying from car insurance agents

Some people would prefer to sit down and talk to an agent and there is nothing wrong with that. A good thing about comparing car insurance online is the fact that you can find the best rates and still choose a local agent.

After filling out this simple form, the coverage information is submitted to companies in Louisville who will give you bids for your business. It simplifies rate comparisons since you won’t have to even leave your home because quoted prices will be sent to you directly. You can find better rates and an insurance agent to talk to. In the event you want to compare rates from a specific company, feel free to navigate to their website and give them your coverage information.

Deciding on an company should include more criteria than just a low price. Before buying a policy in Louisville, get answers to these questions.

• Do they have cheaper tiers of coverage?
• Is the agent CPCU or CIC certified?
• Is there a local claims center in Louisville?
• Are aftermarket or OEM parts used to repair vehicles?
• Is assistance available after office hours?

When researching a good Louisville insurance agent, it can be helpful to understand the types of insurance agents and how they differ in how they quote coverages. Agents are categorized either exclusive or independent.

Exclusive Car Insurance Agents

These type of agents can usually just insure with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. These agents are unable to compare rates from other companies so they really need to provide good service. Exclusive agents are very knowledgeable on their company’s products which helps them compete with independent agents.

Listed below are exclusive agencies in Louisville who may provide you with rate quotes.

More Louisville agents

Independent Car Insurance Agents

Independent agents are not restricted to one company so they can quote policies with many different companies and find the cheapest rate. If they find a cheaper price, they can switch companies in-house and you don’t have to find a new agent. When comparing car insurance rates, you will want to include price quotes from a few independent agents to maximize your price options.

The following is a list of independent agencies in Louisville that can give you comparison quotes.

More Louisville agents