It’s a fact that car insurance companies don’t want policyholders to shop around. Consumers who shop around once a year are highly likely to buy a new policy because they have a good chance of finding good coverage at a lower price. A recent auto insurance study revealed that consumers who shopped around annually saved approximately $865 annually compared to people who never shopped around for cheaper prices.
If finding the lowest price on insurance in Anchorage is your ultimate goal, then knowing how to compare insurance premiums can make it easier to find better rates.
The recommended way to quote cheaper Buick Regal insurance in Anchorage is to start comparing prices regularly from insurance carriers in Alaska.
Step 1: Try to understand policy coverages and the measures you can take to keep rates down. Many things that cause rate increases like accidents, traffic tickets, and a not-so-good credit rating can be controlled by improving your driving habits or financial responsibility.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple insurance companies.
Step 3: Compare the new quotes to the price on your current policy to see if cheaper Regal coverage is available. If you find a better price and switch companies, ensure coverage does not lapse between policies.
A good tip to remember is to make sure you’re comparing the same level of coverage on every quote and and to get price quotes from as many carriers as you can. Doing this guarantees a fair rate comparison and many rates to choose from.
Cheap Buick Regal insurance quotes in Anchorage
Car insurance can be pricey, but you may qualify for discounts that many consumers don’t even know exist. Some discounts will apply at the time of purchase, but occasionally some discounts must be asked about in order for you to get them.
- Discount for Good Grades – Being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
- E-sign – A handful of larger companies will discount your bill up to fifty bucks for signing up on their website.
- Driving Data Discount – Drivers that enable driving data submission to analyze driving patterns through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they have good driving habits.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school or through a local driver safety program.
- Mature Driver Discount – Older drivers may qualify for lower premium rates.
- New Car Discount – Buying a new car instead of a used Regal is cheaper because newer vehicles are generally safer.
- Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
- Discount for Life Insurance – Larger insurance companies have lower prices if you buy life insurance.
- Multiple Policy Discount – If you can combine your home and auto policy with the same company you may earn as much as 10 to 15 percent.
- Theft Deterrent System – Cars, trucks, and SUVs that have factory anti-theft systems are stolen less frequently so companies will give you a small discount.
Please keep in mind that some of the credits will not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. So despite the fact that it appears it’s possible to get free car insurance, you won’t be that lucky.
For a list of car insurance companies that can offer you the previously mentioned discounts in Anchorage, click this link.
Cheap Anchorage Buick Regal insurance
Getting a cheap price on Buick Regal insurance isn’t really that difficult. Just take a few minutes to get quotes from online providers.
Doing price comparisons online is so simple that it replaces the need to make phone calls or go to insurance agents’ offices. Buying insurance online reduces the need to sit down with an agent unless you prefer the peace of mind only provided by licensed Anchorage agents. If you prefer, some companies allow you to find lower rates online but still have the advice of a local agent.
The companies in the list below provide price quotes in Anchorage, AK. To get the cheapest auto insurance in Anchorage, AK, we suggest you visit several of them to get the cheapest price.
Buick Regal Insurance Price Factors
It’s important that you understand some of the factors that help determine the level of your policy premiums. When you understand what determines premiums, this helps enable you to make changes that may reward you with lower premium levels.
The itemized list below are some of the things used by insurance companies to determine rates.
Additional coverages that may be costing you – There are a ton of additional extra coverages that can waste your money if you aren’t diligent. Things like roadside assistance, better glass coverage, and membership fees are probably not needed. These may sound like a good investment when you first buy your policy, but your needs may have changed so get rid of them and save.
Cars with good safety ratings cost less to insure – Cars with high safety ratings get lower rates. The safest vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates.
How old are your drivers? – More mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and get fewer tickets. Teenage drivers have a tendency to be inattentive and easily distracted behind the wheel so they pay higher car insurance rates.
Raising comp and collision deductibles lowers costs – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Buick. A few examples of covered claims would be a dented fender, damage from fire, and burglary. The deductibles tell how much you are required to spend before a claim is paid by your company. The more of the claim you’re willing to pay, the less your car insurance will be.
Get a ticket, pay higher premiums – Attentive drivers pay lower auto insurance prices compared to drivers with tickets. Even one driving citation can increase the cost of insurance by as much as twenty percent. Drivers who get severe violations such as DUI or willful reckless driving are required to prove financial responsibility with their state’s department of motor vehicles in order to legally drive a vehicle.
Defend yourself with liability insurance – Your policy’s liability coverage is the coverage that protects you in the event that a court rules you are at fault for damages from an accident. This coverage provides legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Compare rates if you bundle your policies – Most companies apply discounts to insureds who buy several policies from them in the form of a multi-policy discount. Even with this discount applied, it’s always a smart idea to shop around to guarantee you are still saving the most. Consumers may find better rates by buying insurance from more than one company.
Buick Regal claim statistics – Insurers take into consideration historical loss data for every vehicle to help determine costs. Vehicles that historically have increased losses will have a higher cost to insure. The table below illustrates the insurance loss data used by companies for Buick Regal vehicles.
For each coverage category, the statistical loss for all vehicles averaged together equals 100. Numbers below 100 suggest a positive loss record, while numbers shown that are more than 100 indicate more frequent claims or tendency to have larger claims.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick Regal 2WD||96||92||82||104||94||97|
|Buick Regal 4WD||113||87|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
It’s not one size fits all
When buying your policy for your personal vehicles, there really isn’t a “best” method to buy coverage. Every situation is different.
For example, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.
- How much cheaper are high deductibles?
- Is my cargo covered for damage or theft?
- What is high-risk coverage and where do I buy it?
- When would I need rental car insurance?
- Do I need added coverage for expensive stereo equipment?
- If I use my vehicle for business use is it covered?
If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and can help protect your family.
Comparing prices from local Anchorage insurance agencies
Many people still prefer to go talk to an agent. Experienced insurance agents can help you choose the best coverages and help file insurance claims. One of the benefits of comparing insurance online is that you can obtain the best rates and still have a local agent. Buying insurance from local agents is important especially in Anchorage.
After completing this form (opens in new window), your insurance coverage information is immediately sent to agents in your area that provide free Anchorage car insurance quotes for your insurance coverage. You never need to do any legwork as quotes are delivered directly to you. If you need to get a price quote from a particular provider, just go to their quote page and give them your coverage information.
Pick the best car insurance agent in Anchorage for you
When looking for a local insurance agency, there are a couple of different types of agencies and how they operate. Insurance policy providers can be categorized as either exclusive or independent. Either can write policy coverage, but we need to point out why they differ because it can factor into buying decisions.
Independent Insurance Agents
Independent insurance agents are appointed with more than one company so they can insure your vehicles with multiple insurance companies enabling the ability to shop coverage around. If prices rise, they simply move your policy to a different company and you stay with the same agent.
When shopping rates, you will want to compare prices from independent agents in order to have the best price comparison.
Featured below is a partial list of independent agencies in Anchorage that can give you cheap rate quotes.
500 W 36th Ave #210 – Anchorage, AK 99503 – (907) 770-2400 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only quote rates from one company like Allstate, Farmers Insurance or State Farm. Exclusive agents cannot compare other company’s rates so always compare other rates. Exclusive agents are usually quite knowledgeable on the products they sell which helps them compete with independent agents.
Listed below is a short list of exclusive insurance agents in Anchorage that are able to give price quote information.
Finding the right car insurance agent needs to be determined by more than just the bottom line cost. Get answers to these questions too.
- In the event of vehicle damage, can you pick the collision repair facility?
- Are claims handled at the agent’s location?
- Is there any savings for paying the full premium?
- Which companies do they recommend if they are an independent agency?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Which members of your family are coverage by the policy?
Car insurance is an important decision
Even though it’s not necessarily cheap to insure a Buick in Anchorage, buying car insurance is required in Alaska but it also protects you in many ways.
First, just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to be legal. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your Regal, more than likely the lender will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may insure your Buick at a much higher premium rate and force you to pay for the much more expensive policy.
Third, car insurance protects both your assets and your Buick. It will also pay for many types of medical costs for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will cover the repair costs.
The benefits of insuring your car are without a doubt worth the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $700 annually so compare rate quotes at least once a year to be sure current rates are still competitive.
Quote more and you will save more
More affordable auto insurance in Anchorage is available from both online companies as well as from insurance agents, and you should compare rates from both in order to have the best chance of saving money. A few companies do not offer price quotes online and these smaller companies only sell through independent agencies.
We just covered many tips how you can compare Buick Regal insurance rates in Anchorage. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even be surprised to find that the most savings is with some of the smallest insurance companies.
Consumers leave their current company for a variety of reasons including policy non-renewal, high rates after DUI convictions, denial of a claim or delays in responding to claim requests. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.
For more information, feel free to browse the articles below:
- Vehicle Safety Ratings (iihs.org)
- How Much is Auto Insurance for Teachers in Anchorage? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Seniors in Anchorage? (FAQ)
- Who Has Affordable Auto Insurance for a School Permit in Anchorage? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Nissan Versa in Anchorage? (FAQ)
- Insurance Losses by Make and Model (iihs.org)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- All About Airbag Safety (State Farm)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)