Switch Car Insurance Company and Get Lower Rates?

Reader’s Question:

I have been with my car insurance company for a very long time now and have not seen any decrease in my premiums. If I compare car insurance quotes, can I use them to demand for lower rates from my insurer?

Pete

Pittsburgh, PA

Pennsylvania ranks eighteen among the states that have the most expensive car insurance premiums in 2006, according to the most recent study of the National Association of Insurance Commissioners (NAIC). Residents had to pay an average of $832 to have their cars registered in this state. And sadly, motorists have not seen any decrease in their car insurance premiums ever since. And with the threat of losing our jobs due to the economic difficulty, we tend to resort to downgrading our car insurance coverage just to be able to afford our premiums. This should not be the case especially if you take the time to research on ways to achieve a considerable cut in your insurance payments.

Car insurance companies in Pennsylvania are required to give as much as 60% discount on premiums if the policyholders finish a defensive driving class. This can be taken through the agencies accredited by the Department of Motor Vehicles (DMV) for a minimal fee. Others get multiple policy discounts after they took their homeowner’s or renter’s insurance from the same carrier that provides them with car insurance. Students who get to pay really expensive rates because they are deemed high insurance risks get to qualify for good student discounts if they get to maintain their grade point average at 3.0 or higher. Meanwhile, others employ the Internet to compare car insurance quotes so that they get to know the prevailing prices in their area and use this as basis to request for much lower rates from their insurer.