How many times have you told yourself to find more competitive auto insurance rates in Jasper, IN? Locating low-cost insurance for your car in Indiana can be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to buy auto insurance so you're going to learn the best way to compare rates for a new or used and find the lowest price either online or from Jasper insurance agents.

Smart consumers take time to check auto insurance prices before your policy renews due to the fact that insurance prices are rarely the same from one policy term to another. Even if you think you had the best rates on auto insurance a year ago there is a good chance you can find better rate quotes now. You can find a lot of information about auto insurance on the web, but by reading this article, you're going to learn a bunch of ideas how to quit paying high auto insurance rates in Jasper.

If you have a current insurance policy or just want to reduce your rates, use these money-saving tips to reduce premiums while maintaining coverages. Finding and buying more affordable insurance coverage in Jasper is easy to do. Vehicle owners just have to understand the most efficient way to compare price quotes from many different companies.

The auto insurance companies shown below can provide price quotes in Jasper, IN. If multiple companies are shown, we suggest you visit as many as you can in order to find the most competitive rates.

Insurance Rates for Popular Vehicles in Jasper
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 2WD $810 $405 $68
Chevrolet Silverado LS Crew Cab 4WD $1,080 $540 $90
Dodge Ram Quad Cab Sport 2WD $1,000 $500 $83
Ford Escape XLS 2WD $626 $313 $52
Ford F-150 XLT Super Cab 2WD $740 $370 $62
Ford Focus SES 2-Dr Coupe $884 $442 $74
Honda Accord EX-L 2-Dr Coupe $978 $489 $82
Honda CR-V LX 2WD $702 $351 $59
Honda Civic DX 2-Dr Coupe $1,010 $505 $84
Hyundai Sonata GLS 4-Dr Sedan $928 $464 $77
Nissan Altima 2.5 4-Dr Sedan $870 $435 $73
Nissan Rogue S 2WD $978 $489 $82
Toyota Camry LE $846 $423 $71
Toyota Corolla S $1,050 $525 $88
Toyota Tacoma Double Cab 4WD $1,146 $573 $96
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific location information which can change premiums considerably.

Where to set your deductibles

The diagram below highlights how deductible selection and can impact GMC Acadia annual premium costs for each age group. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are applied.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

Full coverage rates vs. liability-only in Jasper

The illustration below shows the difference between Ford F-150 car insurance rates when comparing full coverage to state minimum liability only. The prices are based on no claims or driving citations, $1,000 deductibles, married male driver, and no discounts are applied to the premium.

Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.

When to buy liability coverage only

There is no set rule of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let's say your Ford F-150 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after paying your policy deductible. If it's costing you more than $500 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where buying only liability insurance is not recommended. If you haven't satisfied your loan, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Are you snagging every discount?

Some companies don't always advertise every possible discount in a way that's easy to find, so the below list has some of the more common as well as the least known discounts that you may qualify for. If you're not getting every credit you deserve, you are paying more than you should be.Cheaper insurance with discounts

A little disclaimer on discounts, most discounts do not apply to the whole policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. Despite the appearance that you could get a free insurance policy, insurance companies wouldn't stay in business.

Large insurance companies and some of their more popular discounts are:

If you are trying to find the cheapest Jasper car insurance quotes, ask every insurance company which discounts can lower your rates. Discounts may not apply in your area.

Three reasons to insure your vehicle

Despite the high cost, buying auto insurance is most likely required but also gives you several important benefits.

First, the majority of states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability coverage if you drive a vehicle. In Indiana 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 have a lien on your vehicle, almost all lenders will force you to buy full coverage to ensure loan repayment if the vehicle is totalled. If you do not pay your insurance premiums, the bank may buy a policy for your vehicle at a much higher premium rate and make you pay for it.

Third, auto insurance preserves not only your vehicle but also your financial assets. It also can pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, your auto insurance policy will pay to have it repaired.

The benefits of buying enough insurance definitely exceed the price paid, especially with large liability claims. Today the average American driver overpays more than $830 a year so compare rates at every renewal to ensure rates are inline.

You are unique and your car insurance should be too

When choosing a policy for your vehicles, there really isn't a perfect coverage plan. Each situation is unique and your car insurance should unique, too.Car insurance savings Here are some questions about coverages that might help in determining if your insurance needs may require specific advice.

If you're not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Exclusive and independent car insurance agents

Some people would rather buy from a local agent and doing so can bring peace of mind Professional agents are trained to spot inefficiencies and help in the event of a claim. A nice benefit of comparing rates online is the fact that you can find better rates but still work with a licensed agent.

Jasper insurance agentsFor easy comparison, once you complete this short form, the coverage information is emailed to local insurance agents in Jasper who will give competitive quotes for your business. It's much easier because you don't need to search for any insurance agencies due to the fact that quote results will go straight to your inbox. If for some reason you want to compare prices for a specific company, you can always navigate to their website and fill out the quote form the provide.

Finding a good insurance company requires more thought than just the premium amount. These are some valid questions you should ask.

Different types of car insurance agents in Jasper

When searching for an insurance agent, it's important to understand the different agency structures and how they are distinctly different. Car insurance agents can be categorized as either independent agents or exclusive agents. Either type can handle car insurance, but it's good to learn the difference in the companies they write for since it can impact which type of agent you select.

Exclusive Agents

Exclusive agencies work for only one company and examples are State Farm, Allstate, and Farm Bureau. These agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on the products they sell which helps them compete with independent agents. A lot of people choose to use a exclusive agent primarily because of the brand legacy instead of buying on price only.

Independent Agencies or Brokers

Agents of this type often have affiliation with several companies so as a result can place your coverage amongst many companies and potentially find a lower price. If they quote lower rates, they simply switch companies in-house and you stay with the same agent. When comparison shopping, we recommend you compare prices from at least one independent agent so that you have a good selection of quotes to compare. A lot of them also have access to different regional companies which may have better rates.

Auto insurance coverages and their meanings

Knowing the specifics of your policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.

Protection from uninsured/underinsured drivers - Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your vehicle.

Since a lot of drivers carry very low liability coverage limits (Indiana limits are 25/50/10), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability car insurance - This protects you from damage or injury you incur to a person or their property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/10 which means $25,000 in coverage for each person's injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000.

Liability can pay for claims like attorney fees, structural damage and repair bills for other people's vehicles. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible. Indiana state law requires minimum liability limits of 25/50/10 but you should consider buying better liability coverage.

Vehicle Models with the Lowest and Highest Auto Insurance Liability Claims
Lowest Claims Highest Claims
Mercedes-Benz SL Class Dodge Charger
Acura MDX Kia Optima
Fiat 500 Mitsubishi Lancer
Subaru Forester Chevrolet Impala
Subaru Outback Mitsubishi Mirage
Audi A6 Chrysler 200

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Medical expense insurance - Coverage for medical payments and/or PIP pay for expenses for things like surgery, dental work, pain medications and chiropractic care. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Medical Payment Claims by Manufacturer Model
Lowest Claims Highest Claims
Tesla Model S Nissan Sentra
Ford Expedition Chevrolet Spark
Land Rover Range Rover Sport Hyundai Accent
Chevrolet Silverado 3500 Chevrolet Sonic
Chevrolet Corvette Mitsubishi Mirage
Chevrolet Silverado 2500 Kia Forte

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision - Collision insurance pays for damage to your vehicle from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like crashing into a building, backing into a parked car, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Lowest and Highest Auto Insurance Collision Claims by Vehicle Model
Lowest Claims Highest Claims
Ford F-250 SuperCab BMW M6
Nissan Xterra Maserati Granturismo
Ford F-150 SuperCrew Bently Continental GTC
Chevrolet Colorado Audi RS7
GMC Canyon Bently Continental GT
Mini Cooper Maserati Ghibli

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive (Other than Collision) - Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as hitting a bird, theft, falling objects and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

Manufacturer Models with the Lowest and Highest Auto Insurance Comprehensive Claims
Lowest Claims Highest Claims
Chevy Silverado 2500 BMW M6
GMC Sierra 2500 Bentley Continental GTC
Nissan Leaf Maserati Quattroporte
Ford F-350 Mercedes-Benz S Class
Smart ForTwo BMW M6
Volvo V60 Porsche Panamera GTS

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years