Trying to find more affordable auto insurance is a challenge for drivers new to quoting and comparing prices online. You have so many choices that it can easily become a difficult situation to find the best coverage rates.

It's amazing but nearly 70% of consumers kept their coverage with the same auto insurance company for a minimum of four years, and approximately 40% of consumers have never compared rates to find affordable insurance. Statesville drivers can cut their rates by roughly $94 a year by just shopping around, but they just feel it's too hard to compare rate quotes online.

Car insurance policy discounts

Insuring your fleet can be pricey, but you might be missing out on some discounts that may help make it more affordable. Larger premium reductions will be automatically applied at the time of quoting, but a few must be inquired about before you get the savings.Cheaper car insurance with discounts

One last thing about discounts, most discount credits are not given to the entire policy premium. A few only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates you could get a free car insurance policy, insurance companies wouldn't stay in business.

A list of companies and a summarized list of policyholder discounts include:

If you need lower rates, check with all companies you are considering how you can save money. A few discounts might not apply in Statesville.

How to buy Statesville insurance online

Just remember that comparing all the rates in your area increases your odds of finding lower pricing.

The providers in the list below have been selected to offer comparison quotes in North Carolina. If multiple companies are listed, we suggest you visit as many as you can in order to find the most competitive rates.

Insurance Estimates for Popular Vehicles in Statesville
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $818 $409 $68
Chevrolet Silverado LTZ Extended Cab 4WD $712 $356 $59
Dodge Grand Caravan Crew $844 $422 $70
Dodge Ram Crew Cab SLT 2WD $1,046 $523 $87
Ford Escape XLT 4WD $558 $279 $47
Ford F-150 XLT Regular Cab 4WD $630 $315 $53
Ford Focus SEL 4-Dr Sedan $1,018 $509 $85
Honda Accord LX-P 4-Dr Sedan $732 $366 $61
Honda CR-V LX 2WD $730 $365 $61
Honda Civic DX 2-Dr Coupe $860 $430 $72
Honda Odyssey EX-L W/Navigation $834 $417 $70
Hyundai Sonata SE 4-Dr Sedan $948 $474 $79
Jeep Wrangler Sport 4WD 2-Dr $688 $344 $57
Kia Optima EX $902 $451 $75
Nissan Altima 2.5 4-Dr Sedan $644 $322 $54
Nissan Rogue SL AWD $884 $442 $74
Toyota Camry Hybrid $796 $398 $66
Toyota Corolla XRS $712 $356 $59
Toyota Tacoma 2WD $844 $422 $70
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in specific Statesville garaging location which can revise coverage rates significantly.

Full coverage versus liability only rates

The information below illustrates the comparison of Honda Accord insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on no accidents, no driving violations, $250 deductibles, single male driver, and no discounts are applied.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

When to switch to liability coverage only

There is no definitive rule to stop paying for full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let's say your Honda Accord claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If it's costing you more than $300 a year for physical damage coverage, then you might consider buying liability only.

There are some scenarios where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

How to lower your auto insurance premiums

Many factors are used when you get a price on insurance. Some factors are common sense such as traffic violations, although some other factors are more obscure like your vehicle usage and annual miles driven.

How do I know if I need professional advice?

When quoting and choosing your policy, there is no perfect coverage plan. Your needs are unique to you so your insurance should reflect thatHigher deductibles save money These are some specific questions can help discover whether you could use an agent's help.

If you don't know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Auto insurance in North Carolina serves several purposes

Even though it can be expensive, auto insurance is mandatory in North Carolina but it also protects more than you think.

The benefits of carrying adequate insurance are without a doubt worth the cost, particularly for liability claims. According to a 2015 survey, the average American driver is overpaying over $830 a year so compare rate quotes at every renewal to ensure rates are competitive.

How much can you save?

Discount insurance in Statesville is possible both online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. A few companies do not provide online price quotes and most of the time these regional insurance providers prefer to sell through independent insurance agencies.

When shopping online for insurance, don't be tempted to sacrifice coverage to reduce premiums. There have been many cases where someone sacrificed liability coverage limits to discover at claim time they didn't have enough coverage. The goal is to buy enough coverage at the lowest possible cost, not the least amount of coverage.

More learning opportunities