Did you make the mistake of buying an underperforming, overpriced auto insurance policy? Trust us, many Altoona consumers feel financially strained by their auto insurance policy.

A recent study showed that a large majority of auto insurance policyholders have been with the same company for more than four years, and practically 40% of auto insurance customers have never even shopped around for cheap coverage. Most drivers in Pennsylvania could save 55% each year, but they don't believe how much they could save if they moved their coverage to a different company.

With so many options, it can be challenging to locate the most affordable company.

Finding and buying more affordable auto insurance coverage in Altoona is simple if you know the tricks. In a nutshell, anyone who is looking for a better price on auto insurance stands a good chance to be able to save money. Nevertheless, Pennsylvania drivers should learn how companies calculate your policy premium because it can help you find the best coverage.

Auto insurance discounts are available for cheaper rates

Auto insurance is expensive, but you might be missing out on some discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be requested specifically prior to getting the savings. If you're not getting every credit available, you're just leaving money on the table.Cheaper auto insurance with discounts

Consumers should know that many deductions do not apply to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, that's just not realistic. But all discounts will help reduce your auto insurance premiums.

Companies and some of the premium reductions they offer are:

When getting free Altoona auto insurance quotes, it's a good idea to all companies you are considering the best way to save money. Some discounts may not be offered in Altoona. If you would like to choose from a list of companies who offer cheap auto insurance quotes in Pennsylvania, follow this link.

When price shopping your coverage, getting more free quotes increases your odds of finding a lower rate than you're paying now. Some companies don't provide online rate quotes, so it's necessary to compare price quotes from the smaller companies as well.

The companies shown below can provide price comparisons in Pennsylvania. To buy the best cheap auto insurance in Pennsylvania, we suggest you compare several of them to get the most affordable price.

Insurance Price Estimates for Popular Vehicles in Altoona
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 2WD $1,162 $581 $97
Chevrolet Silverado LT Extended Cab 2WD $1,384 $692 $115
Dodge Grand Caravan Crew $1,132 $566 $94
Dodge Ram Quad Cab SLT 2WD $1,052 $526 $88
Ford Edge Sport 2WD $1,196 $598 $100
Ford Escape XLT 4WD $740 $370 $62
Ford F-150 FX4 Super Cab 4WD $1,154 $577 $96
Ford Focus SE 4-Dr Sedan $1,014 $507 $85
Honda Accord LX-P 4-Dr Sedan $876 $438 $73
Honda CR-V LX 2WD $1,084 $542 $90
Honda Civic EX 2-Dr Coupe $1,290 $645 $108
Honda Odyssey EX-L W/Rear Entertainment $918 $459 $77
Kia Optima EX $1,130 $565 $94
Nissan Altima 2.5 S 2-Dr Coupe $1,336 $668 $111
Toyota Camry LE $1,006 $503 $84
Toyota Corolla XRS $934 $467 $78
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Table data does not factor in specific garaging location which can decrease or increase coverage prices considerably.

Deductible comparison

The illustration below highlights how deductible selection and can affect Hyundai Sonata yearly insurance costs for each different age group. The rates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

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

Comparison of full coverage and liability-only policies

The information below visualizes the comparison of Toyota Camry insurance costs when comparing full coverage to liability only. The information is based on no claims, a clean driving record, $500 deductibles, single female driver, and no policy discounts are applied.

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

Should you be buying full coverage?

There is no definitive rule of when to stop paying for comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Toyota Camry book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after you pay the deductible. If you are paying more than $400 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.

Raise deductibles and save

When buying car insurance, a common question is how low should you set your deductibles. The figures shown below illustrate the price difference when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

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

Toyota Camry insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $254 $428 $330 $20 $98 $1,155 $96
Camry SE $254 $506 $330 $20 $98 $1,233 $103
Camry XLE $254 $506 $330 $20 $98 $1,233 $103
Camry Hybrid $288 $506 $372 $22 $112 $1,325 $110
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Toyota Camry insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $206 $346 $330 $20 $98 $1,000 $83
Camry SE $206 $408 $330 $20 $98 $1,062 $89
Camry XLE $206 $408 $330 $20 $98 $1,062 $89
Camry Hybrid $234 $408 $372 $22 $112 $1,148 $96
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate quotes do not factor in specific location information which can impact insurance rates substantially.

Based on the above data, using a $250 deductible will cost you about $14 more each month or $168 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you average at least 18 months between claims, you would come out ahead if you decide on a higher deductible. Here's the way this determination is made.

Average monthly premium for $250 deductibles: $103
Average monthly premium for $500 deductibles (subtract): - $89
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Four factors that affect insurance costs

Many things are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other criteria are less obvious like your vehicle usage and annual miles driven. The best way to find cheaper car insurance is to take a look at some of the elements that play a part in calculating your car insurance rates. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that may reward you with big savings.

High stress job may mean higher prices - Did you know your car insurance rates can be affected by your occupation? Careers like judges, police officers, and medical professionals generally pay higher average rates because of high stress levels and lengthy work days. Other jobs like scientists, students and performers generally pay rates lower than average.

Deter theft and save money - Choosing to buy a car that has an advanced theft prevention system can get you a discount on your car insurance. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms all aid in stopping your vehicle from being stolen.

Pay more out-of-pocket - Insurance for physical damage to your car, aka comp and collision, is used to repair damage to your car. A few examples of covered claims would be a broken side mirror, damage caused by hail, and damage from a fallen tree branch. The deductibles represent how much money you are willing to pay before a claim is paid by your company. The more expense you're willing to pay, the lower your rates will be.

Prices increase with policy add-ons - Policies have extra coverages that can waste your money when buying car insurance. Insurance for things like roadside assistance, towing coverage, and motor club memberships are examples of these. They may seem like a good idea when discussing your needs, but if you don't need them remove them and pocket the money.

Everyone needs different auto insurance coverages

Always keep in mind that when comparing the right insurance coverage for your personal vehicles, there really isn't a "best" method to buy coverage. Your financial needs are unique so your insurance needs to address that.Auto insurance savings These are some specific questions might point out whether your personal situation might need professional guidance.

If you're not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Insurance protects more than just your car

Despite the high insurance cost in Altoona, paying for insurance serves an important purpose.

The benefits of buying enough insurance greatly outweigh the cost, particularly if you ever have a claim. The average driver in Pennsylvania is currently overpaying as much as $810 a year so compare rates once a year at a minimum to ensure rates are competitive.

Compare. Compare. Compare.

Cheap car insurance in Altoona can be bought both online in addition to many Altoona insurance agents, so you need to shop Altoona auto insurance with both to have the best selection. Some companies may not provide the ability to get quotes online and these regional carriers only sell coverage through independent agents.

While you're price shopping online, you should never buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.

More detailed car insurance information is available at these sites: