It’s well known that auto insurance companies don’t want their policyholders to compare prices. Drivers who rate shop once a year will probably buy a different policy because there is a good probability of finding a policy with more affordable rates. A recent car insurance study revealed that consumers who routinely compared quotes saved $860 a year as compared to drivers who never shopped around for lower prices.
If finding budget-friendly rates on Chrysler Aspen insurance in Honolulu is your ultimate objective, then having some knowledge of the best ways to shop for insurance rates can make it simple to find affordable coverage.
The preferred way to quote cheaper auto insurance rates in Honolulu is to compare prices at least once a year from different companies that sell auto insurance in Hawaii. This can be done by following these steps.
- Try to comprehend individual coverages and the things you can change to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as traffic citations and an unacceptable credit rating can be eliminated by being financially responsible and driving safely.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agencies can provide price quotes from multiple sources.
- Compare the price quotes to your current policy to see if cheaper Aspen coverage is available in Honolulu. If you can save money, make sure there is no coverage gap between policies.
- Provide written notification to your current company to cancel your existing policy and submit payment along with a signed and completed policy application to your new company or agent. Don’t forget to store the certificate verifying coverage above your visor, in the console, or in the glove compartment.
An important bit of advice to remember is that you’ll want to compare similar coverage information on each price quote and and to compare as many carriers as you can. Doing this guarantees an apples-to-apples comparison and plenty of rates choose from.
Finding the cheapest coverage in Honolulu is not rocket science. Practically each driver who is required to buy insurance will most likely buy a cheaper policy. But Hawaii vehicle owners can benefit by having an understanding of the way companies determine prices and use it to find better rates.
Informed Decisions Result in Lower Insurance Costs
A large part of saving on auto insurance is knowing some of the factors that aid in calculating the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that could help you find much lower annual insurance costs. Many things are considered when quoting car insurance. Some of the criteria are obvious such as traffic violations, although some other factors are more obscure such as your marital status or your vehicle rating.
With age comes lower rates – Older, more experienced drivers are more responsible, cost insurance companies less in claims, and are safer drivers. Beginning drivers tend to be easily distracted when driving and because of this, their auto insurance rates are much higher.
When should you file auto insurance claims? – Auto insurance companies in Hawaii give the lowest premiums to policyholders who only file infrequent claims. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Your car insurance is designed for more catastrophic claims.
More traffic equals higher rates – Living in smaller towns and rural areas of the country can save you money when trying to find low car insurance rates. Less people living in that area means less chance of accidents as well as less vandalism and auto theft. Drivers who live in large Hawaii cities regularly have traffic congestion and longer commute times. The longer drive time means more chance of being in an accident.
Lower stress equals lower prices – Did you know your occupation can influence how much you pay for auto insurance? Occupational choices like military personnel, executives, and accountants generally pay the highest average rates in part from intense work requirements and extremely grueling work hours. On the other hand, professions such as professors, historians and the unemployed pay lower than average rates.
Vehicle theft costs us all – Selecting a car model that has an advanced theft prevention system can earn a premium discount. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft.
Do you qualify for discounts?
Insuring your fleet can be pricey, but you may qualify for discounts to cut the cost considerably. Some discounts will apply when you quote, but a few need to be manually applied before you will receive the discount.
- Seat Belt Usage – Requiring all passengers to use a seat belt can save 10% or more off the PIP or medical payment premium.
- Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance too.
- Pay Upfront and Save – By paying your entire bill at once rather than spreading payments over time you can avoid the installment charge.
- Sign Early and Save – Some auto insurance companies reward drivers for switching companies before your current coverage expires. Ten percent is about the average savings.
- Government Employees – Being employed by or retired from a federal job may qualify for a discount when you quote Honolulu car insurance depending on your company.
- Driver Safety – Completing a driver safety class could cut 5% off your bill and also improve your driving technique.
- E-sign Discounts – A few larger companies may give you up to $50 for completing your application on the internet.
- Onboard Data Collection – Insureds who allow data collection to analyze their driving habits through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they show good driving skills.
- Responsible Driver Discounts – Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
- Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in school.
As a sidenote, most of the big mark downs will not be given to the entire cost. Some only apply to individual premiums such as liability and collision coverage. Even though it may seem like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
Companies that possibly offer most of these discounts may include but are not limited to:
Before purchasing a policy, check with each company which discounts you qualify for. Depending on the company, some discounts may not apply in Honolulu. If you would like to see a list of providers that have a full spectrum of discounts in Honolulu, click this link.
How to find a good Hawaii car insurance company
Buying coverage from a high-quality auto insurance provider can be challenging considering how many different insurance companies sell coverage in Hawaii. The company ratings in the next section could help you analyze which car insurance providers you want to consider when looking for cheaper rates.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Find affordable rates by being thorough
Consumers leave their current company for a number of reasons such as extreme rates for teen drivers, high prices, not issuing a premium refund or being labeled a high risk driver. Whatever your reason, choosing a new insurance company is not as hard as you think.
When getting Honolulu car insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where consumers will sacrifice full coverage and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at the best cost while not skimping on critical coverages.
In this article, we covered a lot of information how to reduce Chrysler Aspen insurance premium rates online in Honolulu. The key thing to remember is the more you quote Honolulu car insurance, the better likelihood of getting low cost Honolulu car insurance quotes. Consumers could even find that the best premium rates are with the smaller companies.
Other information
- Vehicle Insurance (Wikipedia)
- Who Has Affordable Auto Insurance for Retired Military in Honolulu? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Company Car in Honolulu? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)
- State Car Insurance Guides (GEICO)