Would you like to buy cheaper insurance rates in Concord, NC? Online price comparisons for affordable Concord car insurance probably sounds like a formidable task if you have never used online quotes. But keep reading because online price shopping is actually quite simple.

A recent insurance study revealed that almost 70% of drivers renewed their policy with the same company for a minimum of four years, and virtually 40% of consumers have never compared quotes from other companies. Concord insurance shoppers can save hundreds of dollars each year, but most tend to underestimate how much they could save if they bought a different policy.

Quoting and buying the cheapest protection in Concord is not as hard as you may think. In a nutshell, every person who shops for insurance most likely will be able to lower their premiums. But North Carolina vehicle owners benefit from understanding the methods companies use to calculate your policy premium because it can help you find the best coverage.

The most recommended method to get rate comparisons is to know the trick car insurance companies provide online access to provide you with free rate quotes. All you need to do is spend a couple of minutes providing details such as the ages of drivers, whether the vehicles are used for commuting, if you're married, and what you do for a living. Your insurance information gets transmitted to many different companies and they respond with quotes quickly.

To compare multiple company rates now, click here and enter your coverage details.

The providers in the list below provide free rate quotes in North Carolina. If several companies are displayed, we suggest you compare several of them in order to get a fair rate comparison.

Insurance Costs for Popular Vehicles in Concord
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado Crew Cab Hybrid 4WD $896 $448 $75
Dodge Ram Crew Cab Sport 4WD $1,014 $507 $85
Ford Edge Sport AWD $922 $461 $77
Ford Escape XLS 2WD $836 $418 $70
Ford F-150 Lariat Crew Cab Harley 4WD $856 $428 $71
Ford Focus SES 4-Dr Sedan $664 $332 $55
Ford Fusion Sport AWD 4-Dr Sedan $764 $382 $64
Honda Accord LX-S 2-Dr Coupe $986 $493 $82
Honda CR-V LX 2WD $490 $245 $41
Honda Civic DX 2-Dr Coupe $816 $408 $68
Hyundai Sonata GLS 4-Dr Sedan $744 $372 $62
Jeep Grand Cherokee Limited 2WD $962 $481 $80
Nissan Altima 3.5 SR 4-Dr Sedan $734 $367 $61
Toyota Camry SE $678 $339 $57
Toyota Corolla XLE $792 $396 $66
Toyota Tacoma X-Runner 2WD $834 $417 $70
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price information does not factor in specific location which can alter premiums noticeably.

Can higher deductibles save money?

A question often asked by Concord drivers is which comprehensive and collision deductibles to buy. The following tables highlight how much more rates are between low and high insurance deductibles. The first rate quote example uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Kia Optima insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $192 $324 $282 $16 $84 $923 $77
Optima EX $218 $382 $282 $16 $84 $1,007 $84
Optima SX $218 $382 $282 $16 $84 $1,007 $84
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Kia Optima insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $118 $204 $282 $16 $84 $704 $59
Optima EX $134 $240 $282 $16 $84 $756 $63
Optima SX $134 $240 $282 $16 $84 $756 $63
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Prices above 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, multi-vehicle, claim-free, and multi-policy. Price information does not factor in garaging location in Concord which can revise rates greatly.

Based on the above data, using a $250 deductible costs an average of $20 more each month or $240 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 38 months between claim filings, you would probably save some money by going with a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $82
Average monthly premium for $1,000 deductibles (subtract): - $62
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

Lower-cost Concord auto insurance rates with discounts

Car insurance is not cheap, but there are discounts available to cut the cost considerably. Some discounts apply automatically at quote time, but a few must be asked about before you will receive the discount.Save money with discounts

A little note about advertised discounts, most of the big mark downs will not be given to all coverage premiums. Some only reduce the cost of specific coverages such as medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, it doesn't quite work that way.

A list of auto insurance companies and their offered discounts are included below.

It's a good idea to ask every insurance company how you can save money. Some of the discounts discussed earlier might not apply in Concord. For a list of auto insurance companies who offer free auto insurance quotes in Concord, follow this link.

What impacts Concord car insurance premiums?

Many different elements are part of the calculation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but some are not as apparent such as your credit history and annual miles driven. Part of the car insurance buying process is learning some of the things that aid in calculating the rates you pay for car insurance. If you have some idea of what determines premiums, this enables you to make decisions that may reward you with better car insurance rates.

The itemized list below are some of the most rate-impacting factors car insurance companies consider when setting rates.

Big cities mean more claims - Choosing to live in a small town can save you money when it comes to car insurance. People in densely populated areas tend to have more traffic problems and much longer commute distances. Fewer drivers corresponds to lower accident rates and a lower car theft rate.

Cheaper car insurance rates for being claim-free - Companies in North Carolina award discounts to insureds who only file infrequent claims. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Your car insurance is designed for claims that pose a financial burden.

Get better rates if married - Having a significant other helps lower the price on car insurance. Marriage means you're more stable financially and it's statistically proven that married drivers get in fewer accidents.

Good credit equals lower costs - Having a bad credit history is a large factor in determining what you pay for car insurance. So if your credit is low, you could save money insuring your vehicle by improving your credit score. People with excellent credit scores tend to be less risk to insure as compared to drivers with lower credit scores.

Insurance costs are higher for high performance vehicles - The type of car, truck or SUV you are buying insurance for makes a huge difference in determining your rates. Smaller low performance passenger cars usually have the lowest rates, but many other things help determine your insurance rates.

Safer cars lower prices - Cars with five star safety ratings tend to have better insurance rates. The safest vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries translates directly to fewer claims and cheaper rates on your policy. If your car or truck is rated at a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.

Compare rates but still have a local Concord insurance agency

A small number of people still like to talk to an insurance agent. The biggest benefit of comparing rates online is that drivers can save money and get cheap rate quotes but still work with a licensed agent. Supporting neighborhood insurance agencies is still important in Concord.

Find insurance agent in ConcordTo make it easy to find an agent, after completing this simple form, your coverage information is submitted to participating agents in Concord who want to provide quotes to get your business. There is no reason to leave your computer because prices are sent directly to you. It's the lowest rates without requiring a lot of work. If you want to compare prices from a specific auto insurance provider, just visit that company's website to submit a rate quote request.

Selecting an provider needs to be determined by more than just the quoted price. Any agent in Concord should have no problem answering these questions:

After talking to the agent and getting good answers to these questions and a low price estimate, chances are good that you have found an insurance company that is a good match to adequately provide auto insurance. Just be aware that you are entitled to cancel coverage for any reason so don't assume you are locked into any specific agency for a certain time period.

Insurance claim statistics

Are you driving a statistically high-claim vehicle? The next tables show the highest and lowest manufacturer models for likelihood of having claims orgainized by coverage.

Car Insurance Medical Payment Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Audi A4 Allroad Hyundai Accent
Ford F-250 SuperCrew Nissan Versa
Chevrolet Silverado 3500 Kia Forte
Chevrolet Corvette Chrysler 200
Tesla Model S Mitsubishi Lancer
Chevrolet Silverado 2500 Dodge Charger

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

Lowest and Highest Comprehensive Coverage Claims by Vehicle Model
Lowest Claims Highest Claims
Nissan Leaf Bentley Continental GT
Smart ForTwo Mercedes-Benz S Class
Infiniti QX50 Audi S7
GMC Sierra 2500 Maserati Granturismo
Nissan Xterra Porsche Panamera GTS
Ford F-350 Maserati Quattroporte

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

Auto Insurance Liability Claims by Vehicle
Lowest Claims Highest Claims
Volvo XC60 Chrysler 200
Subaru Outback Hyndai Accent
Chevrolet Corvette Dodge Charger
Subaru Forester Chevrolet Impala
Fiat 500 Mitsubishi Mirage
Mercedes-Benz SL Class Chevrolet Sonic

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

Lowest and Highest Collision Insurance Claims by Vehicle
Lowest Claims Highest Claims
Chevrolet Colorado Bentley Continental Flying Spur
Mini Cooper Maserati Ghibli
Ford Edge Bently Continental GTC
GMC Canyon BMW M6
Ford F-150 SuperCrew Ferrari 458
Nissan Xterra Bently Continental GT

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

Don't be fooled by advertising claims

Companies like Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on TV and radio. All the companies have a common claim that you'll save big after switching your auto insurance coverage to their company. It sounds good, but how can they all save you money on auto insurance? It's all in the numbers.

Insurance companies have strict underwriting profiles for the type of customer that will be a good risk. An example of this type of risk profile should be over the age of 35, insures multiple vehicles, and drives a vehicle with a low ISO rating. Any new insured who fits those characteristics will get the preferred rates in Concord and is almost guaranteed to save when switching.

Drivers who don't qualify for these criteria may be forced to pay higher premium rates which translates to business going elsewhere. The ads state "customers who switch" but not "all drivers who get quotes" save money. That's why companies can make those claims.

Different companies use different criteria so you should get price quotes at each policy renewal. It is impossible to guess which company will have the lowest premium rates for your situation.

Persistence will pay off

We covered a lot of techniques to get a better price on car insurance in Concord. The most important thing to understand is the more companies you get auto insurance rates for, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from some of the lesser-known companies.

Cheaper car insurance in Concord is definitely available online and also from your neighborhood Concord agents, and you need to price shop both to have the best rate selection. Some insurance companies may not have online quoting and usually these regional carriers only sell through independent agencies.

People leave their current company for many reasons like denial of a claim, poor customer service, delays in responding to claim requests and unfair underwriting practices. Regardless of your reason for switching companies, choosing a new insurance company can be pretty painless.

More detailed car insurance information is located by following these links: