Searching for better insurance prices for a new or used car in North Carolina can be an all-consuming task, but you can learn our insurance buying tips to find lower rates.

There are more efficient ways to compare insurance rates so we're going to tell you the absolute fastest way to get price quotes for your and locate the best price possible from both online companies and Chapel Hill agents.

You need to compare premium rates periodically because rates are adjusted regularly by insurance companies. Just because you found the lowest premium rates on insurance a few years ago you can probably find a better price now. You'll find a ton of advice on insurance on the internet, but by reading this article, you're going to learn some guaranteed methods to lower your insurance bill.

Getting a low cost price on insurance can be relatively painless. You just need to invest a little time to get quotes to find the company with cheaper Chapel Hill car insurance quotes.

The providers in the list below have been selected to offer comparison quotes in North Carolina. If multiple companies are shown, it's highly recommended you compare several of them in order to get a fair rate comparison.

Insurance Rate Estimates for Popular Vehicles in Chapel Hill
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 2WD $650 $325 $54
Chevrolet Impala LT $952 $476 $79
Chevrolet Silverado LT Crew Cab 4WD $792 $396 $66
Dodge Ram Quad Cab Laramie 2WD $1,162 $581 $97
Ford Escape Limited 4WD $924 $462 $77
Ford F-150 XLT Super Cab 4WD $804 $402 $67
Ford Focus SES 4-Dr Sedan $1,014 $507 $85
Honda Accord EX-L 4-Dr Sedan $542 $271 $45
Honda CR-V EX-L 4WD $656 $328 $55
Honda Civic SI 2-Dr Coupe $998 $499 $83
Hyundai Sonata GLS 4-Dr Sedan $932 $466 $78
Nissan Altima 3.5 SR 2-Dr Coupe $1,202 $601 $100
Toyota Camry LE $662 $331 $55
Toyota Corolla XRS $942 $471 $79
Toyota Prius $822 $411 $69
Toyota RAV4 Sport 4WD $988 $494 $82
Toyota Tacoma X-Runner 2WD $622 $311 $52
Get Your Own Custom Quote Go

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in vehicle location which can raise or lower coverage rates significantly.

Should you buy full coverage?

The example below illustrates the comparison of Dodge Ram car insurance rates with liability coverage only compared to full coverage. The data assumes no accidents or driving violations, $250 deductibles, married male driver, and no additional discounts are factored in.

Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop full coverage

There is no set guideline that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's say your Dodge Ram settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after you pay the deductible. If you are currently paying more than $800 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are a few situations where eliminating full coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

Policy deductibles

The illustration below highlights how deductible selection and can increase or decrease Toyota Camry insurance costs for different ages of insureds. The rates are based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.

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

Male drivers compared to female drivers

The information below compares insurance costs for male and female drivers in Chapel Hill. The costs are based on no claims or driving citations, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are factored in on a Ford Focus SES.

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

Lower rates by qualifying for these six discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that many consumers don't even know exist. Many of these discounts will be applied automatically at the time of purchase, but a few need to be manually applied before you will receive the discount.Discount car insurance

You can save money using discounts, but many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, car insurance companies aren't that generous. Any amount of discount will reduce the amount you pay for coverage.

If you would like to choose from a list of car insurance companies with the best discounts in Chapel Hill, click here to view.

Auto insurance is unique, just like you

When it comes to a policy for your vehicles, there really isn't a perfect coverage plan. Coverage needs to be tailored to your specific needs.Auto insurance savings

Here are some questions about coverages that can help discover whether your personal situation could use an agent's help.

If you don't know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Choosing the best vehicle insurance in North Carolina is an important decision

Despite the potentially high cost of insurance, maintaining insurance serves a purpose in several ways.

The benefits of insuring your car more than cancel out the cost, particularly if you ever have a claim. Unknowingly, the average driver overpays as much as $869 every year so it's recommended you shop around at every policy renewal to ensure rates are inline.

Best and worst vehicle claim statistics

Are you driving a vehicle that ranks high in claims? The statistics below list the best and worst vehicles for the probability of filing claims for each type of coverage listed.

Lowest and Highest Bodily Injury Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Audi A6 Dodge Charger
Acura MDX Kia Optima
Subaru Outback Chrysler 200
Subaru Forester Kia Rio
Volvo XC60 Chevrolet Cruze
Chevrolet Corvette Chevrolet Impala

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Nissan Leaf Bentley Continental GTC
Smart ForTwo Maserati Quattroporte
Ford F-350 Audi S7
Nissan Xterra Maserati Granturismo
Chevy Spark Bentley Continental GT
Volvo V60 BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Collision Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Jeep Wrangler Maserati Ghibli
Smart ForTwo Nissan GT-R
Nissan Xterra Bently Continental GTC
Chevrolet Colorado Maserati Granturismo
GMC Canyon Audi RS7
Ford F-250 SuperCab Ferrari 458

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Medical Payment Insurance Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Audi A4 Allroad Nissan Sentra
Chevrolet Corvette Nissan Versa
Chevrolet Silverado 3500 Chevrolet Spark
Ford F-350 SuperCrew Chevrolet Sonic
Tesla Model S Mitsubishi Mirage
Ford Expedition Hyundai Accent

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance policy coverages

Understanding the coverages of car insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance

This will cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 30/60/25 that translate to a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like court costs, funeral expenses, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but you should consider buying more coverage.

Comprehensive coverage (or Other than Collision)

This covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, rock chips in glass, fire damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Collision protection

This coverage will pay to fix damage to your vehicle from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

This coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your vehicle.

Since many North Carolina drivers only purchase the least amount of liability that is required (30/60/25 in North Carolina), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are set the same as your liability limits.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for expenses such as doctor visits, pain medications, funeral costs, nursing services and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Quote more and you will save more

More affordable auto insurance in Chapel Hill can be found online as well as from independent agents in Chapel Hill, and you should be comparing both in order to have the best price selection to choose from. Some auto insurance companies do not offer internet price quotes and usually these small, regional companies provide coverage only through independent agents.

In this article, we presented a lot of techniques to find cheaper coverage online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. You may even be surprised to find that the biggest savings come from the smaller companies.

Consumers switch companies for a variety of reasons including not issuing a premium refund, poor customer service, unfair underwriting practices and policy cancellation. Regardless of your reason, finding the right auto insurance provider can be easy and end up saving you some money.

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