Want to save money and find the cheapest car insurance rates in Carrboro, NC? When looking for lower-priced insurance, are you overwhelmed by the number of car insurance choices that you can choose from? You're not alone. North Carolina consumers have such a vast assortment of choices available that it can turn into more work than you anticipated to find the perfect company for you. Carrboro has many things to offer, but the high premiums for car insurance can make it very difficult to make ends meet.
Unimaginable but true, most North Carolina car insurance customers have remained with the same car insurance company for at least the last four years, and approximately 38% of consumers have never shopped around. With the average premium in the U.S. being $1,847, drivers could cut their rates by almost 46.5% a year just by shopping around, but they don't know how much money they would save if they switched to a cheaper policy.
Obtaining price quotes for the lowest-priced policy in Carrboro is easy to do. In a nutshell, every car owner who buys auto insurance stands a good chance to be able to lower their premiums. But North Carolina car owners must learn how big insurance companies determine premium rates and use this information to your advantage.
To find cheap rates, there are a couple of ways to compare rate quotes from many available car insurance companies in North Carolina. The easiest way to lower the rate you pay for insurance is to get quotes online. When quoting car insurance, remember that comparing more prices will increase your chances of finding more affordable insurance.
The companies in the list below offer comparison quotes in Carrboro, NC. If more than one company is shown, we recommend you get prices from several of them to get the lowest price.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LT||$748||$374||$62|
|Chevrolet Silverado LTZ Extended Cab 2WD||$1,114||$557||$93|
|Dodge Grand Caravan SXT||$798||$399||$67|
|Dodge Ram Quad Cab Sport 4WD||$1,006||$503||$84|
|Ford Edge SEL 2WD||$682||$341||$57|
|Ford Escape XLT 2WD||$730||$365||$61|
|Ford F-150 Lariat Super Cab 2WD||$880||$440||$73|
|Ford Focus SE 2-Dr Coupe||$1,114||$557||$93|
|GMC Sierra SL Crew Cab 4WD||$746||$373||$62|
|Honda Accord EX 4-Dr Sedan||$818||$409||$68|
|Honda CR-V EX-L 4WD||$574||$287||$48|
|Honda Civic DX 2-Dr Coupe||$750||$375||$63|
|Honda Odyssey EX||$646||$323||$54|
|Hyundai Sonata SE 4-Dr Sedan||$1,102||$551||$92|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$660||$330||$55|
|Nissan Altima 2.5 4-Dr Sedan||$952||$476||$79|
|Toyota Camry Hybrid||$796||$398||$66|
|Toyota Corolla XLE||$1,038||$519||$87|
|Toyota RAV4 Limited 4WD||$850||$425||$71|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in your specific Carrboro location which can raise or lower insurance rates significantly.
Comparison of auto insurance rates by gender
The diagram below illustrates the difference between auto insurance rates for male and female drivers in Carrboro. The premium estimates are based on no violations or accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no additional discounts are factored in on a Toyota Corolla XRS.
Toyota Corolla rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Rate difference between full and liability-only coverage
The illustration below visualizes the comparison of Chevrolet Malibu car insurance rates with and without physical damage coverage. The premiums assume no claims, a clean driving record, $100 deductibles, married male driver, and no discounts are factored in.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
Deciding between full coverage and liability only
There isn't a written rule to delete physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let's pretend your Chevrolet Malibu settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $7,000 after the policy deductible has been paid. If premium cost is more than $700 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.
Auto insurance rates are higher with tickets and accidents
The illustration below shows how speeding tickets and at-fault fender-benders can affect Kia Optima auto insurance costs for each different age group. The prices are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Discounts mean cheaper rates
Companies that sell car insurance don't list every possible discount in a way that's easy to find, so the next list breaks down both well-publicized and the harder-to-find savings tricks you should be using when you buy Carrboro car insurance online.
- Anti-theft System - Cars and trucks equipped with anti-theft or alarm systems can help prevent theft and earn discounts up to 10% off your Carrboro car insurance quote.
- Safe Driver Discounts - Insureds who avoid accidents can save up to 40% or more on their Carrboro car insurance quote than their less cautious counterparts.
- Accident Waiver - This one isn't a discount, but a handful of insurance companies will turn a blind eye to one accident without raising rates so long as you are claim-free for a set time period.
- Low Mileage Discounts - Driving less may allow you to get discounted premium rates on garaged vehicles.
- 55 and Retired - Older drivers are able to get a slight reduction on a Carrboro car insurance quote.
- Clubs and Organizations - Belonging to qualifying clubs or civic groups may earn a discount on your next renewal.
- Sign Online - A few companies may give you up to $50 get Carrboro car insurance on their website.
As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, companies don't profit that way.
To see a list of insurers that have a full spectrum of discounts in North Carolina, click here to view.
Here's why car insurance is not optional
Despite the high insurance cost in Carrboro, buying car insurance may not be optional for several reasons.
First, most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability if you want to drive legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your vehicle, it's guaranteed your bank will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may insure your vehicle for a lot more money and require you to pay a much higher amount than you were paying before.
Third, insurance protects both your assets and your vehicle. Insurance will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of an accident. If damage is caused by hail or an accident, your car insurance policy will cover the repair costs.
The benefits of carrying enough insurance greatly outweigh the cost, especially if you ever need it. According to a recent study, the average American driver is wasting up to $830 a year so compare rate quotes at every renewal to help ensure money is not being wasted.