Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Don't feel bad because many Indian Trail drivers feel the same as you.
Inconceivable but true, over 70% of drivers kept their coverage with the same car insurance company for at least four years, and roughly 40% of drivers have never compared rates to find lower-cost insurance. Many drivers in North Carolina can cut their rates by approximately $94 a year by just comparing quotes, but most just don't grasp how much money they would save if they switched to a more affordable policy.
Due to the large number of choices of insurance companies, it can be challenging to locate the lowest price car insurance company.
Companies offering affordable rate quotes in North Carolina
The companies shown below can provide price quotes in North Carolina. If multiple companies are listed, we suggest you visit as many as you can to find the cheapest auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ AWD||$852||$426||$71|
|Chevrolet Silverado LS Extended Cab 2WD||$800||$400||$67|
|Dodge Ram Quad Cab Laramie 4WD||$1,042||$521||$87|
|Ford Escape XLS 4WD||$730||$365||$61|
|Ford Explorer XLT 2WD||$702||$351||$59|
|Ford F-150 Lariat Crew Cab Platinum 4WD||$918||$459||$77|
|Ford Focus SES 2-Dr Coupe||$970||$485||$81|
|Honda Accord EX-L 2-Dr Coupe||$982||$491||$82|
|Honda CR-V LX 2WD||$804||$402||$67|
|Honda Civic Hybrid 4-Dr Sedan||$900||$450||$75|
|Honda Odyssey EX-L W/Rear Entertainment||$802||$401||$67|
|Hyundai Sonata GLS 4-Dr Sedan||$1,128||$564||$94|
|Kia Optima EX||$738||$369||$62|
|Nissan Altima 2.5 S 2-Dr Coupe||$944||$472||$79|
|Toyota Camry Hybrid||$902||$451||$75|
|Toyota Corolla S||$678||$339||$57|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in your specific Indian Trail location which can lower or raise auto insurance rates noticeably.
Comparison of policy deductibles
When shopping for car insurance, a common question is where to set your physical damage deductibles. The comparisons below illustrate the rate difference when you choose different comp and collision deductibles. The first rate table uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $19 more each month or $228 annually than selecting the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to average more than 21 months between claim filings, you would most likely save money if you choose the higher deductible.
Get cheaper insurance with discounts
Companies do not list every discount they offer very well, so we break down some of the best known and also the more inconspicuous credits that may apply to you.
- Online Discount - A few larger online companies will give you a small discount shop Indian Trail car insurance on their website.
- No Claim Discounts - Insureds with no claims or accidents pay less in comparison with drivers who are more careless.
- Data Collection Discounts - People who choose to allow driving data submission to look at their driving habits through the use of a telematics system such as In-Drive from State Farm or Allstate's Drivewise system may get a rate reduction if they show good driving skills.
- Multi-policy Discount - If you have multiple policies with one company they may give you a discount of up to 20% and get you inexpensive Indian Trail car insurance.
- Smart Student Discounts - Getting good grades can get you a discount of up to 25%. Most companies allow this discount until age 25.
While discounts sound great, it's important to understand that most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, companies don't profit that way.
To view insurers who offer free insurance quotes in North Carolina, click this link.
Tailor your insurance coverage to you
Always keep in mind that when comparing insurance from an agent or online for your vehicles, there really isn't a one size fits all plan. Your situation is unique.
For example, these questions may help highlight if your insurance needs might need an agent's assistance.
- Where can I find DUI or SR-22 insurance?
- Are my company tools covered if they get stolen?
- Can I afford to buy a different vehicle if my vehicle is totaled?
- Should I buy only the required North Carolina minimum liability coverage?
- Does my insurance cover my expensive audio equipment?
- Can I drive in Mexico and have coverage?
- Can I get a multi-policy discount?
- Do I pay less for low miles?
- Does coverage extend to a rental car in a foreign country?
- How many claims can I have before being canceled?
If it's difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.
The car insurance bait and switch
Allstate and Progressive continually stream ads on television and other media. All the companies have a common claim that you can save just by switching your policy. How does every company charge less that you're paying now? This is how they do it.
Companies offer their best rates for the right customer that will add to their bottom line. For example, a profitable risk profile may be a married male, has never had a claim, and chooses high deductibles. A driver that fits those parameters will most likely get cheap prices and as a result will probably cut their car insurance rates if they switch.
People who do not match the requirements will be quoted higher rates which results in the prospect going elsewhere. If you pay close attention to the ads, they say "customers that switch" not "everybody who quotes" save that much money. That's why companies can truthfully claim big savings. Because every company is different, you should compare free Indian Trail car insurance quotes often. It's just too difficult to predict the company that will provide the lowest car insurance in Indian Trail.
Learning about specific coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as damage from getting keyed, hitting a deer and rock chips in glass. The maximum amount you'll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.
This coverage will cover damage that occurs to other people or property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 30/60/25 which stand for $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims such as emergency aid, attorney fees, medical services, loss of income and bail bonds. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but it's recommended drivers buy more liability than the minimum.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your vehicle.
Since many North Carolina drivers have only the minimum liability required by law (which is 30/60/25), it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP pay for immediate expenses for things like EMT expenses, dental work, ambulance fees and nursing services. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Auto collision coverage
This covers damage to your vehicle from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers things like scraping a guard rail, rolling your car, sustaining damage from a pot hole and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.
Do the work, save more money
While you're price shopping online, it's very important that you do not sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice full coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to purchase a proper amount of coverage at the best price, but don't skip important coverages to save money.
Cheaper insurance in Indian Trail can be bought both online and also from your neighborhood Indian Trail agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers don't offer the ability to get a quote online and usually these regional insurance providers provide coverage only through independent agents.
We just covered a lot of ways to lower your insurance car insurance rates in Indian Trail. The key concept to understand is the more companies you get premium rates for, the better your chances of lowering your premium rates. You may even find the best price on insurance is with a smaller regional carrier.
For more information, feel free to visit the articles below:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- What is the Best Cheap Auto Insurance in Kannapolis, North Carolina? (FAQ)
- Who Has Affordable Car Insurance for Lyft Drivers in North Carolina? (FAQ)
- Who Has Affordable North Carolina Car Insurance for a Toyota Highlander? (FAQ)
- Who Has Cheap Car Insurance Quotes for Drivers Under 21 in North Carolina? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)
- Frontal Crash Tests (iihs.org)