Due to the recent downturn and ongoing economic slide in the United States, many Americans are doing everything that they can to pinch pennies and save money wherever they have the chance. Even in the great state of Illinois people are making tough decisions to make sure their family has money for essential needs, and cutting back on auto insurance rates is one way to do so.
To stay competitive and make sure that they continue to sign policies, auto insurance companies in Illinois are dropping their rates at staggering rates. No longer do you have to pay enormous amounts of money just to be covered when you drive your vehicle. Some companies have dropped their auto insurance rates over 15% over the last few years!
Out of all 50 states, Illinois ranks somewhere in the middle when it comes to ranking the cost of car insurance. People on the east coast pay much more and states like Idaho and New Mexico pay far less. However, auto insurance rates are dropping throughout the United States and people are spending less these days for the same type of auto insurance coverage.
Even with the reduced rates in Illinois, there are still many more things that you can do to make sure you spend even less and save more money when it comes to car insurance. Here are a few tips to keep your rates as low as possible.
Even if you feel like you are paying a fair rate, it never hurts to call your insurance agent to see if you qualify for any discounts that they may be currently offering. Most insurance agents will go over a list with you to see what they can do to give you a lower rate.
If you don’t feel like your insurance agent is being fair or not offering you all of the alternatives, it makes sense then to call around to other insurance companies and find out what kind of prices that they might offer you instead. Since most insurance companies compete to have your business, you may be surprised to find out they can offer you a far less rate than your current company.
You can reduce your auto insurance rates by being a good driver, getting good grades in school, signing up multiple vehicles or people, and even minimum mileage discounts. Get these auto insurance companies to start competing for your business and make a few phone calls today!