No normal person enjoys paying for car insurance, especially when they are aware that they could get a better deal.
Statistics show that nearly 70% of consumers have bought car insurance from the same company for four years or more, and virtually 40% of consumers have never compared rates from other carriers. Consumers in America could save almost $860 every year, but most just don't grasp the benefits if they switched to a cheaper policy. Because you have many choices, it is hard for the average consumer to choose the right insurer.
Consumers should take time to price shop coverage periodically due to the fact that insurance prices change regularly. If you had the best deal on car insurance a couple years back you may be paying too much now. Block out anything you think you know about car insurance because I'm going to let you in on the secrets to the tricks you need to know to find great coverage at a great price.
Choosing the best rates in Fayetteville can be much easier if you know how to start. If you already have coverage or are shopping for new coverage, use these money-saving tips to find the best rates without reducing coverage. Smart buyers just have to know the most time-saving way to compare rates using one simple form.
Insurance policy discounts
Some insurers don't always advertise all their discounts very well, so we took the time to find some of the best known and also the lesser-known discounts that may be available.
- Early Renewal Discounts - Some insurance companies reward drivers for renewing your policy prior to your current policy expiring. This discount can save up to 10%.
- Theft Prevention Discount - Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and earn discounts up to 10% off your Fayetteville auto insurance quote.
- Discount for Home Ownership - Being a homeowner can save a few bucks since owning and maintaining a home is proof that your finances are in order.
- Passenger Safety Discount - Vehicles with factory air bags or motorized seat belts could see savings of more than 20%.
- Bundled Policy Discount - If you can bundle your home and auto insurance with one company you could get a discount of at least 10% off all policies.
Discounts lower rates, but some of the credits will not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like you could get a free insurance policy, it just doesn't work that way.
If you would like to view providers who offer insurance discounts in North Carolina, click this link.
How much is auto insurance in Fayetteville, NC?
The companies in the list below have been selected to offer quotes in Fayetteville, NC. If multiple companies are listed, it's highly recommended you visit several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Extended Cab 2WD||$756||$378||$63|
|Chevrolet Impala LT||$988||$494||$82|
|Chevrolet Silverado LS Regular Cab 4WD||$636||$318||$53|
|Dodge Ram Quad Cab Laramie 2WD||$676||$338||$56|
|Ford Edge SE 2WD||$902||$451||$75|
|Ford Escape XLS 2WD||$836||$418||$70|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$726||$363||$61|
|Ford Focus SE 2-Dr Coupe||$922||$461||$77|
|GMC Sierra SLT Crew Cab 4WD||$884||$442||$74|
|Honda Accord EX-L 2-Dr Coupe||$862||$431||$72|
|Honda CR-V EX-L 2WD||$746||$373||$62|
|Honda Civic DX 2-Dr Coupe||$1,128||$564||$94|
|Hyundai Elantra GLS 4-Dr Sedan||$818||$409||$68|
|Kia Optima EX||$766||$383||$64|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,080||$540||$90|
|Toyota Camry LE||$746||$373||$62|
|Toyota Corolla S||$800||$400||$67|
|Volkswagen Jetta 2.0T Station Wagon||$662||$331||$55|
|Get Your Own Custom Quote Go|
Table data represents 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, multi-policy, safe-driver, homeowner, and claim-free. Price information does not factor in vehicle location which can increase or decrease prices noticeably.
Policy deductible comparison
One of the most common car insurance questions is how high should the physical damage coverage deductibles be. The rates below can help show the rate difference when you buy lower versus higher physical damage deductibles. The first data set uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.
Toyota Corolla 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|
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in vehicle garaging location which can raise or lower rates greatly.
Based on this data, using a $100 deductible will cost you roughly $29 more each month or $348 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 31 months between claim filings, you would save money by selecting a higher deductible.
How to calculate deductible break even period
|Average monthly premium for $100 deductibles:||$87|
|Average monthly premium for $1,000 deductibles (subtract):||- $58|
|Monthly savings from raising deductible:||$29|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $29|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||31 months|
Illustration showing the impact of accidents and violations
The chart below highlights how traffic violations and fender-benders can affect Hyundai Sonata annual premium costs for each different age group. The costs are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.
Eight things that affect insurance costs
It's important that you understand a few of the rating criteria that go into determining your premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that may result in lower insurance prices. Many things are taken into consideration when quoting car insurance. Some factors are common sense like an MVR report, but others are less apparent like your continuous coverage and annual miles driven.
The following are some of the most common factors used by companies to determine premiums.
Single drivers take more risk - Having a wife or husband may cut your premiums on insurance. It may mean you are more responsible and statistics show married drivers get in fewer accidents.
Discounts for alarm systems - Choosing to buy a car that has a built-in theft deterrent system can help lower your premiums. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop car theft.
Vehicles with better crash test results are cheaper to insure - Safe vehicles can get you lower premiums. The safest vehicles have better occupant injury protection and fewer injuries means less claims paid which can mean better rates for you. If your car, truck, or SUV earned at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Pay more out-of-pocket - Physical damage deductibles state the amount of money you are required to pay if a claim is determined to be covered. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of some claims that would be covered are collision with another vehicle, damage caused by hail, and damage caused by road hazards. The more the insured is willing to pay, the bigger discount you will receive.
Never let your insurance policy lapse - Driving your car without having proper coverage can get your license suspended and your next policy will cost more because you let your coverage have a gap. In addition to paying higher premiums, being ticketed for driving with no insurance might get you a hefty fine and possibly a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with the North Carolina motor vehicle department to get your license reinstated.
Little extras can really add up - There are a ton of extra bells and whistles that can waste your money on your insurance policy. Insurance for things like roadside assistance, accident forgiveness, and membership fees may not be needed and are just wasting money. You may think they are a good idea when discussing your needs, but if you don't need them consider taking them off your policy.
Excellent credit equals lower costs - Your credit rating is a big factor in determining your rates. People with very good credit scores tend to be more responsible and file fewer claims than drivers who have lower credit ratings. So if your credit history is lower than you'd like, you may save money insuring your vehicle if you clean up your credit.
Your address can push rates up or down - Residing in a rural area is a positive aspect if you are looking for the lowest rates. Residents of big cities tend to have more aggressive driving styles and higher rates of accident claims. Less people living in that area corresponds to lower accident rates in addition to lower liability claims
When selecting coverage online or from an agent for your vehicles, there is no single plan that fits everyone. Everyone's situation is a little different.
These are some specific questions may help you determine whether or not you might need an agent's assistance.
- Do I have coverage when making deliveries for my home business?
- When do I need to add a new car to my policy?
- Is my vehicle covered for flood damage?
- When should I drop full coverage on my vehicle?
- Is my cargo covered for damage or theft?
- Am I covered while delivering pizza?
- Can my teen driver be rated on a liability-only vehicle?
- Am I covered when pulling a rental trailer?
If it's difficult to answer those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.
When should I talk to an insurance agent?
Some people would prefer to buy from a licensed agent and doing so can bring peace of mind Good agents are very good at helping people manage risk and help submit paperwork. One of the great benefits of comparing rate quotes online is that drivers can save money and get cheap rate quotes and still have an agent to talk to.
To make it easy to find an agent, after completing this simple form, your information is transmitted to participating agents in Fayetteville who can give free rate quotes for your car insurance coverage. You won't even need to contact an agency because prices are sent to your email. If you wish to compare rates from a specific insurance company, feel free to navigate to their website and fill out their quote form.
Finding the right insurance company should depend on more than just the price. Any agent in Fayetteville should be forthright in answering these questions:
- Do they assist clients in filing claims?
- Which members of your family are coverage by the policy?
- Is the quote a firm price?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is coverage determined by price?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is there any savings for paying the full premium?
- Do they offer rental car reimbursement?
Types of car insurance agents
When researching a local Fayetteville insurance agency, it's important to understand the types of agencies to choose from. Insurance agencies in Fayetteville are either exclusive or independent agents depending on their company appointments. Both types can do a good job, but it's worth learning the subtle differences since it may influence the kind of agent you use.
Exclusive Insurance Agents
These type of agents can only write with one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. These agents are very knowledgeable on the products they sell which helps offset the inability to provide other markets.
Agents that elect to be independent are not required to write business for one company so they can write business with any number of different companies and find you cheaper rates. If they find a lower price, they simply switch companies in-house and you stay with the same agent.
When shopping rates, we recommend you include price quotes from a couple of independent agencies to maximize your price options.
Auto insurance is an important decision
Despite the high cost of buying insurance in Fayetteville, insuring your vehicle is most likely required but also gives you several important benefits.
- Just about all states have minimum liability requirements which means you are required to buy specific limits 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.
- If you have a loan on your vehicle, it's guaranteed your bank will make it mandatory that you have full coverage to ensure loan repayment if the vehicle is totalled. If coverage lapses or is canceled, the lender may insure your vehicle at a much higher rate and require you to fork over much more than you were paying before.
- Insurance protects both your vehicle and your assets. It will also reimburse you for many types of medical costs for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are definitely more than the cost, especially if you ever need it. According to a recent study, the average American driver is wasting up to $830 a year so compare rate quotes each time the policy renews to save money.
Smart shoppers get results
In this article, we covered many ways to get a better price on insurance in Fayetteville. It's most important to understand that the more you quote Fayetteville auto insurance, the better your comparison will be. Drivers may even discover the most savings is with a company that doesn't do a lot of advertising.
Budget-friendly insurance in Fayetteville can be bought both online and from local insurance agents, so you need to quote Fayetteville auto insurance with both so you have a total pricing picture. Some companies don't offer online rate quotes and most of the time these regional insurance providers prefer to sell through independent insurance agencies.
When getting Fayetteville auto insurance quotes online, it's not a good idea to buy poor coverage just to save money. In too many instances, an insured cut collision coverage and discovered at claim time they didn't have enough coverage. Your aim should be to find the BEST coverage at an affordable rate.
More learning opportunities
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What is the Best Cheap Auto Insurance in Jacksonville, North Carolina? (FAQ)
- What Insurance is Cheapest for High Mileage Drivers in North Carolina? (FAQ)
- Determing Auto Insurance Rates (GEICO)
- Event Data Recorders FAQ (iihs.org)
- Liability Insurance Coverage (Nationwide)