How long have you put off shopping around for low-cost car insurance rates in Lumberton, NC? Paying for high-priced car insurance in Lumberton can dwindle your family's budget and require stricter spending habits. Shopping your coverage around is a smart way to ensure you are getting the best deal.
Unbelievably, the majority of drivers have bought car insurance from the same company for more than four years, and about 40% of consumers have never shopped around. Consumers in North Carolina could save an average of almost 10% each year by just comparing quotes, but they don't believe how much they could save if they bought a different policy. There is such a variety of insurers to buy insurance from, and although it's a good thing to have a selection, it can be more challenging to find the lowest cost provider.
Comparing quotes for the lowest-priced insurance in Lumberton is not as hard as you may think. If you are insured now or just want cheaper coverage, you can use this information to buy cheaper insurance while maintaining coverages. Drivers only have to learn the most efficient way to quote multiple rates from multiple carriers.
Do you qualify for discounts?
Companies offering auto insurance don't always advertise every discount in a way that's easy to find, so below is a list a few of the more well known as well as some of the hidden credits available to lower your premiums when you buy Lumberton auto insurance online. If you don't get every credit possible, you are throwing money away.
- E-sign Discounts - A few insurance companies give back up to $50 for completing your application on the web.
- New Vehicle Savings - Insuring a new car can get you a discount due to better safety requirements for new vehicles.
- Memberships - Participating in a professional or civic organization can get you a small discount on your next renewal.
- Discounts for Safe Drivers - Drivers without accidents could pay up to 40% less compared to accident prone drivers.
- Student in College - College-age children who live away from home at college and leave their car at home may qualify for this discount.
- Defensive Driver Discounts - Participating in a course that instructs on driving safety could save 5% or more and easily pay for the cost of the class.
Consumers should know that some credits don't apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, you won't be that lucky. Any amount of discount should help reduce your overall bill.
Popular insurance companies and the discounts they provide are detailed below.
- State Farm has savings for passive restraint, Steer Clear safe driver discount, Drive Safe & Save, multiple policy, driver's education, and anti-theft.
- GEICO offers premium reductions for multi-policy, membership and employees, good student, driver training, anti-theft, defensive driver, and military active duty.
- Progressive may have discounts that include homeowner, continuous coverage, online quote discount, multi-vehicle, good student, online signing, and multi-policy.
- 21st Century may include discounts for theft prevention, air bags, driver training, student driver, 55 and older, and homeowners.
- American Family policyholders can earn discounts including multi-vehicle, accident-free, defensive driver, early bird, Steer into Savings, and good student.
- The Hartford offers discounts for vehicle fuel type, anti-theft, driver training, bundle, and good student.
- AAA includes discounts for multi-car, good student, multi-policy, pay-in-full, anti-theft, education and occupation, and AAA membership discount.
If you are trying to find low cost Lumberton auto insurance quotes, ask every company what discounts are available to you. Savings may not apply in every state.
The easiest way to compare insurance rates from multiple companies is to know the fact all the major auto insurance companies have advanced systems to quote your coverage. To get started, all you need to do is give them rating details including if you are currently licensed, distance driven, the make and model of your vehicles, and what your job is. That information is automatically sent to insurance companies and you should receive rate quotes immediately.
If you would like to start a quote now, click here then complete the form.
The companies shown below offer price quotes in North Carolina. If multiple companies are listed, we recommend you visit several of them to find the cheapest auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LTZ||$810||$405||$68|
|Chevrolet Silverado LT Crew Cab 4WD||$852||$426||$71|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$798||$399||$67|
|Ford Escape XLS 2WD||$622||$311||$52|
|Ford Explorer XLT 2WD||$656||$328||$55|
|Ford F-150 Lariat Super Cab 2WD||$776||$388||$65|
|Ford Focus SEL 4-Dr Sedan||$780||$390||$65|
|GMC Sierra Denali Crew Cab 4WD||$764||$382||$64|
|Honda Accord LX-P 4-Dr Sedan||$634||$317||$53|
|Honda CR-V EX-L 2WD||$864||$432||$72|
|Honda Civic EX-L 4-Dr Sedan||$1,104||$552||$92|
|Honda Odyssey Touring||$634||$317||$53|
|Hyundai Elantra SE Touring Station Wagon||$700||$350||$58|
|Hyundai Sonata SE 4-Dr Sedan||$740||$370||$62|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$932||$466||$78|
|Nissan Altima 2.5 S 4-Dr Sedan||$720||$360||$60|
|Nissan Rogue SL AWD||$820||$410||$68|
|Toyota Camry Hybrid||$766||$383||$64|
|Toyota Corolla S||$820||$410||$68|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate quotes do not factor in specific zip code location which can increase or decrease price quotes noticeably.
Difference between full coverage and liability only rates
The illustration below illustrates the difference between Ford Escape insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The information is based on no accidents or driving violations, $250 deductibles, single male driver, and no additional discounts are factored in.
Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.
Are you wasting money on full coverage?
There is no clear-cut formula that works best for making the decision to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let's say your Ford Escape book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after the policy deductible has been paid. If you are paying more than $700 a year for full coverage, then it's probably a good time to buy liability coverage only.
There are some circumstances where removing full coverage is not recommended. If you haven't paid off your loan, you are required to maintain full coverage as part of 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.
An analysis of deductible level
One of the most common car insurance questions is how high should the physical damage deductibles be. The rates shown below may help you to understand the differences in price between high and low policy deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.
Chevrolet Malibu 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|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific Lumberton garaging location which can decrease or increase premium rates greatly.
We can estimate from the data above that using a $250 deductible costs approximately $19 more each month or $228 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 39 months between claim filings, you would come out ahead if you opt for a higher deductible.
Informed consumers know how to buy insurance more affordably
Many factors are considered when you quote your car insurance policy. Some factors are common sense such as your driving record, but other factors are less apparent such as your marital status or your commute time.
Shown below are a partial list of the pieces utilized by car insurance companies to help set your rates.
Bundle policies and save money - Most insurance companies will award a discount for people who consolidate policies with them, otherwise known as a multi-policy discount. Even if you qualify for this discount already, consumers should still compare rates to help guarantee you have the best rates. It's possible to still find better rates by buying from different companies
Rural vs Urban Areas - Being located in a small town can be a good thing when buying insurance. Fewer drivers and short commutes means a lower chance of having an accident. Residents of big cities have to deal with traffic congestion and longer commutes to work. Higher commute times can result in more accidents.
How your age affects rates - Teenage drivers in North Carolina tend to be inattentive and easily distracted when driving so they pay higher insurance rates. Parents adding a teen driver to your policy can break the bank. Older people are shown to be more cautious, tend to file fewer claims, and get fewer tickets.
Traffic violations can increase premiums - Your driving record can have a huge impact on auto insurance premiums. Having just one speeding ticket or other violation could increase your next policy renewal twenty percent or more. Drivers with clean records get better prices than people who have multiple driving citations. Drivers who have serious violations like DUI or reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state in order to continue driving.
Pay lower costs if you're married - Walking down the aisle may save some money on your insurance policy. Having a spouse demonstrates that you tend to be more financially stable and insurance companies like that married couples file fewer claims.
High physical damage deductibles lower costs - Physical damage deductibles define how much you are willing to pay if a covered claim is submitted. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some coverage claims are collision with another vehicle, vandalism, and having a roll-over accident. The more expense the insured has to pay upfront, the less your company will charge you for insurance.
When in doubt talk to an agent
When quoting and choosing the right insurance coverage for your vehicles, there really isn't a single plan that fits everyone. Everyone's situation is unique and a cookie cutter policy won't apply. These are some specific questions might help in determining if your insurance needs might need professional guidance.
- Does every company file a SR-22 automatically?
- Should I put collision coverage on all my vehicles?
- Do I pay less for low miles?
- Is my vehicle covered by my employer's policy when using it for work?
- Am I covered when pulling a rental trailer?
- Is business property covered if stolen from my car?
- Why do I only qualify for high-risk insurance?
- Can my teen driver be rated on a liability-only vehicle?
- Do I need motorclub coverage?
- Which is better, split liability limits or combined limits?
If you can't answer these questions then you might want to talk to a licensed insurance agent. If you don't have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can provide invaluable advice.
Local Lumberton insurance agencies
Certain consumers would rather buy from a local agent and doing so can bring peace of mind Insurance agents can point out coverage gaps and help in the event of a claim. An additional benefit of price shopping on the web is that you can find the best rates and still have an agent to talk to. Buying from local agencies is definitely important in Lumberton.
After completing this simple form, your insurance coverage information is submitted to companies in Lumberton who will give competitive quotes for your coverage. You won't even need to do any legwork because quoted prices will be sent to the email address you provide. If for some reason you want to compare prices from one company in particular, just go to their quote page and give them your coverage information.
Picking the best insurer is decision based upon more than just the premium amount. Here are some questions you should ask.
- Is there a 24/7 contact number?
- Is the agent properly licensed in North Carolina?
- How would your car be valued if totalled?
- How often do they review coverages?
- Does the company use OEM repair parts?
- Is there any savings for paying the full premium?
If you get good responses to all your questions as well as offering an affordable quote, it's possible that you found an provider that meets the criteria to properly service your car insurance policy. Keep in mind you are able to cancel coverage when you choose so don't assume that you are obligated to your new company for any length of time.
Protect more than your vehicle
Even though it can be expensive, paying for insurance may not be optional for several reasons.
First, most states have minimum mandated liability insurance limits which means state laws require a specific level of liability insurance coverage 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 your vehicle has a loan, almost all lenders will have a requirement that you have comprehensive coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank may buy a policy for your vehicle at a much higher rate and force you to pay for the much more expensive policy.
Third, insurance preserves not only your car but also your financial assets. It will also cover medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If your vehicle gets damaged, your insurance policy will cover the repair costs.
The benefits of carrying enough insurance are definitely more than the cost, particularly if you ever have a claim. But the average American driver is currently overpaying as much as $850 per year so it's important to compare rates at every renewal to ensure rates are inline.
More effort can pay off
We've covered some good ideas how you can get a better price on car insurance in Lumberton. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers could even find that the best prices are with a lesser-known regional company. They may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.
When getting Lumberton auto insurance quotes online, it's a bad idea to reduce needed coverages to save money. There have been many cases where consumers will sacrifice liability coverage limits and learned later they didn't have enough coverage. The ultimate goal is to find the BEST coverage at a price you can afford, but don't skip important coverages to save money.
Some companies do not offer the ability to get quotes online and usually these smaller providers only sell coverage through independent agents. Affordable car insurance in Lumberton is possible online as well as from independent agents in Lumberton, and you need to comparison shop both to have the best rate selection.
Additional car insurance information can be read at the links below
- Teen Driver Licensing Information (iihs.org)
- How Much are North Carolina Car Insurance Quotes for Uber Drivers? (FAQ)
- How Much are North Carolina Auto Insurance Quotes for Ride Shares? (FAQ)
- Older Drivers FAQ (iihs.org)
- Distracted Driving (Insurance Information Institute)