Want to learn how to find more affordable insurance rates in Shelby, NC? Tired of scraping the payment together each month for insurance? Your situation is no different than many other consumers in North Carolina.

Unimaginable but true, a large majority of drivers renewed their policy with the same company for well over three years, and approximately 40% of consumers have never shopped around. Most drivers in Shelby can save hundreds of dollars each year just by shopping around, but they mistakenly think it's difficult to find lower-cost insurance by shopping around.

Companies like State Farm, GEICO and Farmers Insurance all claim big savings with catchy ads and it is difficult to ignore the flashy ads and take the time to shop coverage around.

You need to take a look at other company's rates before your policy renews because rates change frequently. Even if you think you had the best premium rates on insurance a couple years back a different company probably has better prices today. You can find a lot of wrong information about insurance out there, but I'm going to show you some great ways to lower your insurance bill.

Affordable car insurance companies in Shelby

The car insurance companies shown below can provide quotes in Shelby, NC. If multiple providers are shown, it's a good idea that you visit two to three different companies to find the lowest car insurance rates.

Insurance Estimates for Popular Vehicles in Shelby
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LS $990 $495 $83
Chevrolet Silverado LS Regular Cab 2WD $756 $378 $63
Dodge Ram Crew Cab Sport 4WD $686 $343 $57
Ford Escape XLT 2WD $552 $276 $46
Ford F-150 XLT Super Cab 4WD $624 $312 $52
Ford Focus SES 2-Dr Coupe $820 $410 $68
Honda Accord EX-L 2-Dr Coupe $892 $446 $74
Honda CR-V EX 4WD $930 $465 $78
Honda Civic VP 4-Dr Sedan $708 $354 $59
Honda Odyssey LX $644 $322 $54
Jeep Grand Cherokee Limited 4WD $622 $311 $52
Nissan Altima 2.5 4-Dr Sedan $990 $495 $83
Toyota Camry LE $736 $368 $61
Toyota Corolla XRS $726 $363 $61
Toyota RAV4 Limited 4WD $840 $420 $70
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $672 $336 $56
Volkswagen Jetta SE 4-Dr Sedan $692 $346 $58
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Above prices assume single female driver age 40, 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. Prices do not factor in vehicle location which can raise or lower coverage rates substantially.

Men versus women drivers and insurance cost

The diagram below illustrates the difference between yearly insurance costs for male and female drivers in Shelby. The premium estimates are based on no claims, a clean driving record, full coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration on a GMC Acadia SLT.

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

Full coverage versus liability only rates

The diagram below illustrates the comparison of GMC Acadia yearly insurance costs with and without physical damage coverage. The data assumes no driving violations, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are taken into consideration.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you buy full coverage or liability only?

There is no set guideline to exclude comp and collision coverage, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's pretend your GMC Acadia replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are currently paying more than $700 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few situations where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Violations and accidents raise rates

The diagram below highlights how traffic violations and accidents drive up Ford Escape car insurance rates for each age group. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

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

Auto insurance discounts are available to lower rates

Some insurers don't always advertise the entire discount list very well, so we break down some of the more common and the harder-to-find discounts you could be receiving when you buy Shelby auto insurance online.Save money with discounts

A little disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce specific coverage prices like liability and collision coverage. Even though it appears you would end up receiving a 100% discount, that's just not realistic.

Some of the insurance companies that possibly offer some of the discounts shown above are:

Double check with each company which discounts you qualify for. All car insurance discounts may not apply in Shelby. For a list of insurers that have a full spectrum of discounts in Shelby, click here.

You are unique and your insurance should be too

When buying the best insurance coverage for your personal vehicles, there isn't really a best way to insure your cars. Your situation is unique so this has to be addressed.Higher deductibles save money For instance, these questions can help discover if your insurance needs might need professional guidance.

If you don't know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Exclusive and independent insurance agencies

A lot of people prefer to buy from a licensed agent and often times that is recommended An additional benefit of comparing insurance online is the fact that you can find lower premium rates and still buy from a local agent. And supporting neighborhood agents is definitely important in Shelby.

Upon completion of this form (opens in new window), your insurance coverage information is transmitted to local insurance agents who can give free rate quotes for your business. There is no need to even leave your home because prices are sent to you. You can get cheaper insurance rates and work with a local agent. If you wish to quote rates from a particular provider, you just need to navigate to their website and fill out their quote form.

Selecting a insurer requires more thought than just a cheap quote. Before buying a policy in Shelby, get answers to these questions.

If you get acceptable answers to your questions and a low price estimate, chances are good that you have found an insurance company that will insure your vehicles. Just be aware that you are able to terminate your policy when you choose so don't think that you are permanently stuck with any specific agency for any length of time.

Insurance coverage basics

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the usual coverages offered by insurance companies.

Comprehensive coverage

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a broken windshield, falling objects, hail 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 the vehicle's value is low it's not worth carrying full coverage.

Vehicles with the Lowest and Highest Comprehensive Coverage Claims
Lowest Claims Highest Claims
Nissan Leaf Audi S7
Nissan Xterra Bentley Continental GT
Ford F-350 BMW M6
Chevy Spark Mercedes-Benz S Class
Infiniti QX50 Maserati Quattroporte
Chevy Silverado 2500 BMW M6

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

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as dental work, funeral costs and hospital visits. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Manufacturer Models with the Lowest and Highest Insurance Medical Payment Claims
Lowest Claims Highest Claims
Chevrolet Silverado 2500 Dodge Charger
Ford F-350 SuperCrew Nissan Sentra
Chevrolet Silverado 3500 Chevrolet Spark
Land Rover Range Rover Sport Mitsubishi Lancer
Tesla Model S Mitsubishi Mirage
Ford F-250 SuperCrew Nissan Versa

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

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle's occupants as well as your vehicle's damage.

Since a lot of drivers only carry the minimum required liability limits (which is 30/60/25), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Collision protection

Collision coverage covers damage to your vehicle from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like sideswiping another vehicle, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It's also possible to choose a higher deductible to get cheaper collision coverage.

Collision Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Mini Cooper Ferrari 458
GMC Canyon Bently Continental GTC
Smart ForTwo Bentley Continental Flying Spur
Jeep Wrangler Maserati Granturismo
Ford Edge Maserati Ghibli
Chevrolet Colorado Bently Continental GT

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

Coverage for liability

This will cover damage that occurs to other people or property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 30/60/25 which stand for $30,000 bodily injury coverage, $60,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like funeral expenses, repair costs for stationary objects, bail bonds, attorney fees and medical expenses. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford. North Carolina state minimum liability requirements are 30/60/25 but it's recommended drivers buy better liability coverage.

Bodily Injury Liability Claims by Manufacturer Model
Lowest Claims Highest Claims
Audi A6 Chrysler 200
Volvo XC60 Kia Rio
Acura MDX Mitsubishi Lancer
Subaru Forester Chevrolet Sonic
Chevrolet Corvette Kia Optima
Fiat 500 Chevrolet Impala

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

More effort can pay off

As you restructure your insurance plan, it's a bad idea to skimp on critical coverages to save a buck or two. Too many times, an insured dropped collision coverage only to regret at claim time that it was a big error on their part. Your focus should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

Some insurance providers may not provide the ability to get a quote online and most of the time these small insurance companies prefer to sell through independent agents. Cost effective auto insurance is available both online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates.

More information can be read at the links below