Tired of sacrificing to pay your auto insurance bill each month? Your situation is no different than many other Virginia drivers.

A recent auto insurance study discovered that the vast majority of drivers have been with the same company for well over three years, and 38% of customers have never shopped around. Most drivers in Salem can save hundreds of dollars each year just by shopping around, but they don't understand how simple it is to compare rates. Big-name insurance companies like State Farm and GEICO all claim big savings, bombarding you with ad campaigns and consumers find it hard to sift through the bull and take the time to shop coverage around.

If you are insured now or are shopping for new coverage, take advantage of these tips to buy cheaper insurance without reducing coverage. Locating the most cost-effective insurance policy in Salem is quite easy. Shoppers only have to learn the least time-consuming way to compare price quotes online from multiple companies.

Most major insurance companies make it easy to get coverage prices online. Getting quotes is easy for anyone because it's just a matter of typing in the coverage amounts you desire into the quote form. After you submit the form their quoting system makes automated requests for reports for credit and driving violations and gives you a price quote based on these and other factors. This makes it a lot easier to compare rates and it's necessary to have as many quotes as possible if you want to find a lower rate.

If you want to compare rates now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you copy deductibles and limits exactly as they are listed on your policy. This helps ensure you are getting comparison quotes based on similar coverages.

The following companies can provide price quotes in Virginia. If the list has multiple companies, we suggest you visit as many as you can to get a more complete price comparison.

Insurance Estimates for Popular Vehicles in Salem
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Crew Cab 2WD $792 $396 $66
Dodge Ram Quad Cab ST 4WD $836 $418 $70
Ford Escape XLS 4WD $746 $373 $62
Ford F-150 XL Regular Cab 2WD $662 $331 $55
Ford Focus SE 2-Dr Coupe $672 $336 $56
GMC Sierra SLE Crew Cab 2WD $864 $432 $72
Honda Accord EX-L 2-Dr Coupe $976 $488 $81
Honda CR-V EX 2WD $654 $327 $55
Honda Civic SI 4-Dr Sedan $896 $448 $75
Hyundai Elantra GLS Touring Station Wagon $864 $432 $72
Hyundai Sonata Limited 4-Dr Sedan $890 $445 $74
Mazda 3 I Sport 4-Dr Sedan $1,020 $510 $85
Nissan Altima 3.5 SR 4-Dr Sedan $1,116 $558 $93
Toyota Camry SE $1,078 $539 $90
Toyota Corolla S $732 $366 $61
Get Your Own Custom Quote Go

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in specific zip code location which can affect rates greatly.

Rate difference between full and liability-only coverage

The information below illustrates the difference between Toyota Corolla auto insurance costs with full coverage and liability only. The rate quotes are based on no accidents or driving violations, $250 deductibles, single male driver, and no discounts are applied.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Are you wasting money on full coverage?

There is no specific rule of when to phase out physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let's pretend your Toyota Corolla replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after you pay the deductible. If premium cost is more than $600 a year for full coverage, then it may be the right time to buy liability only.

There are a few situations where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Deductible analysis

The example below shows how choosing a deductible and can impact Hyundai Sonata insurance prices for each age group. The costs are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

Insurance premiums for males and females

The diagram below illustrates the difference between car insurance rates for male and female drivers in Salem. Data assumes a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in on a Kia Optima EX.

Kia Optima rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Buying the right vehicle insurance in Virginia is an important decision

Even though it's not necessarily cheap to insure a vehicle in Salem, paying for auto insurance is required by state law in Virginia and it also provides benefits you may not be aware of.

The benefits of insuring your car more than offset the price you pay, especially when you need to use it. An average driver in America is currently overpaying as much as $800 each year so compare rate quotes every year to ensure rates are inline.

Are you falling for claims of savings?

Consumers can't get away from ads that claim the cheapest rates by companies like Progressive, GEICO, Allstate and State Farm. All the ads have a common claim that drivers will save a bundle just by moving to them.

How is it plausible that every one can save you money on car insurance? It's all in the wording.

Insurance companies have strict underwriting profiles for the type of driver that will generate a profit. One example of a driver they prefer should be a married male, has had continuous coverage, and chooses high deductibles. Any driver that matches those criteria will qualify for the lowest auto insurance rates in Salem and will save some money.

Insureds who are not a match for this stringent profile will have to pay more expensive rates and this results in business not being written. The ads state "customers who switch" not "everyone that quotes" save that much money. That's the way companies can advertise the way they do. Each company has different criteria, so you absolutely need to compare free Salem auto insurance quotes often. It's just not possible to know which company will have the best car insurance in Salem.

Auto insurance discounts help lower rates

Insuring your vehicles can cost a lot, but you might find some hidden discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of purchase, but a few need to be specially asked for before you get the savings.Cheaper auto insurance with discounts

A quick disclaimer, most credits do not apply to the entire policy premium. The majority will only reduce specific coverage prices like liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, it's just not the way it works.

To see a list of auto insurance companies with significant discounts in Salem, click here.

Comparing prices from local Salem car insurance agents

Many drivers still like to buy from a licensed agent and doing so can bring peace of mind Professional agents can help you choose the best coverages and give you someone to call. One of the benefits of getting online price quotes is the fact that drivers can get the best rates and still have an agent to talk to.

To make it easy to find an agent, after completing this form (opens in new window), the quote information is instantly submitted to agents in your area who can give free rate quotes and help you find cheaper coverage. You won't even need to find an agent since price quotes are sent to you. If you wish to get a price quote from a specific car insurance provider, you can always find their quoting web page to submit a rate quote request.

Finding the right insurer shouldn't rely on just the quoted price. Agents should be asked these questions:

If you prefer to buy car insurance from a reputable insurance agent or broker, you need to know there are two types of insurance agents and how they are distinctly different. Agents can either be exclusive or independent (non-exclusive). Either can sell affordable car insurance policies, but it's important to point out why they differ since it can impact the kind of agent you use.

Exclusive Agents

Agents that elect to be exclusive normally can only provide a single company's rates such as State Farm, Allstate and AAA. They usually cannot give you multiple price quotes so they really need to provide good service. Exclusive agencies are well schooled in insurance sales which helps offset the inability to provide other markets.

Independent Car Insurance Agents

These type of agents are not locked into one company and that allows them to write policies with a variety of different insurance companies and find the cheapest car insurance rates. To move your coverage to a new company, they simply switch companies in-house and you don't have to find a new agent. When comparing rates, you will definitely want to get some free quotes from multiple independent agents to maximize your price options.

Claim statistics by make and model

Which makes and models have the fewest claims? The following claim statistics show the highest and lowest models for the probability of having large claims for each type of coverage.

Lowest and Highest Auto Insurance Collision Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Ford Edge Maserati Ghibli
Jeep Wrangler Maserati Granturismo
Mini Cooper BMW M6
Nissan Xterra Bently Continental GT
Chevrolet Colorado Nissan GT-R
GMC Canyon Bently Continental GTC

Statistics from IIHS.org for 2013-2015 Model Years

Lowest and Highest Car Insurance Liability Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Volvo XC60 Hyndai Accent
Subaru Forester Mitsubishi Lancer
Chevrolet Corvette Chevrolet Impala
Subaru Outback Kia Rio
Acura MDX Chevrolet Cruze
Mercedes-Benz SL Class Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive Insurance Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Chevy Silverado 2500 Mercedes-Benz S Class
Nissan Leaf Bentley Continental GTC
Volvo V60 BMW M6
Chevy Spark Audi S7
Infiniti QX50 Porsche Panamera GTS
GMC Sierra 2500 Maserati Granturismo

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Coverage Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Chevrolet Corvette Chevrolet Spark
Chevrolet Silverado 3500 Chevrolet Sonic
Tesla Model S Mitsubishi Mirage
Ford F-350 SuperCrew Nissan Versa
Ford Expedition Mitsubishi Lancer
Ford F-250 SuperCrew Hyundai Accent

Statistics from IIHS.org for 2013-2015 Model Years

Car insurance coverage options

Knowing the specifics of car insurance helps when choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you'll find the normal coverages found on most car insurance policies.

Coverage for uninsured or underinsured drivers - Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your vehicle.

Since many Virginia drivers only purchase the least amount of liability that is required (25/50/20), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision - This coverage covers damage to your vehicle caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as colliding with another moving vehicle, sustaining damage from a pot hole, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It's also possible to increase the deductible to bring the cost down.

Liability car insurance - Liability insurance can cover injuries or damage you cause to other people or property that is your fault. It protects you against other people's claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/20 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $20,000.

Liability insurance covers things like loss of income, structural damage and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible. Virginia requires drivers to carry at least 25/50/20 but you should think about purchasing more liability than the minimum.

Comprehensive car insurance - This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout you'll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Coverage for medical expenses - Medical payments and Personal Injury Protection insurance provide coverage for expenses such as X-ray expenses, funeral costs, nursing services and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Be persistent to save money

When you buy Salem auto insurance online, make sure you don't sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

We've covered some good ideas how you can find cheaper coverage online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest prices are with a smaller regional carrier. They can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.

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