When trying to find cheaper insurance, are you confused by the crazy number of car insurance companies that you can choose from? There are so many companies available that it can turn into a burden to compare car insurance rates on car insurance. Everyone knows Laurinburg has many things to offer, but high car insurance prices can make it nearly impossible to purchase enough protection.

It's hard to believe, but the vast majority of consumers in North Carolina have stayed with the same insurance company for over three years, and just under half have never compared rates with other companies. American drivers could save about $859 every year just by comparing rates, but they don't understand how simple it is to compare other rate quotes.

Smart consumers take time to take a look at other company's rates every six months since insurance prices change frequently. Even if you got the lowest rate on car insurance six months ago you can probably find a better premium rate now. Forget all the misinformation about car insurance because you're about to learn the fastest way to save money, get proper coverage and the best rates.

The are a couple different ways of comparing price quotes from different companies. By far the easiest way to do a complete rate comparison is to use the internet to compare rates. When comparing car insurance rates, know that comparing more rates from different companies will enable you to find lower pricing.

The companies shown below can provide price comparisons in Laurinburg, NC. If more than one company is shown, it's highly recommended you visit as many as you can to find the lowest car insurance rates.

Insurance Rates for Popular Vehicles in Laurinburg
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado Crew Cab Hybrid 2WD $724 $362 $60
Dodge Grand Caravan Crew $772 $386 $64
Dodge Ram Crew Cab TRX 2WD $914 $457 $76
Ford Edge SEL AWD $1,040 $520 $87
Ford Escape XLT 2WD $490 $245 $41
Ford Explorer Limited 2WD $672 $336 $56
Ford F-150 XLT Super Cab 4WD $718 $359 $60
Ford Focus SES 2-Dr Coupe $840 $420 $70
Honda Accord LX-P 4-Dr Sedan $552 $276 $46
Honda CR-V EX-L 4WD $730 $365 $61
Honda Civic LX 2-Dr Coupe $962 $481 $80
Honda Odyssey EX-L W/Rear Entertainment $720 $360 $60
Hyundai Sonata GLS 4-Dr Sedan $792 $396 $66
Mazda 3 S Grand Touring 4-Dr Sedan $810 $405 $68
Nissan Altima Hybrid 4-Dr Sedan $930 $465 $78
Toyota Camry XLE $696 $348 $58
Toyota Corolla XLE $610 $305 $51
Toyota RAV4 Limited 2WD $694 $347 $58
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Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in vehicle garaging location which can alter coverage prices substantially.

Analysis of deductible levels

The chart below highlights how deductible selection and can affect Kia Optima insurance prices for different age groups of insureds. The costs are based on a single male driver, full physical damage coverage, and no policy discounts are applied.

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

How much more does full coverage cost?

The illustration below illustrates the difference between Honda Pilot auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no driving violations, no at-fault accidents, $250 deductibles, single male driver, and no discounts are taken into consideration.

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

When to drop comprehensive and collision coverage

There is no clear-cut rule of when to exclude full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's assume your Honda Pilot settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $3,000 after you pay the deductible. If you are paying more than $300 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some conditions where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Illustration showing the impact of accidents and violations

The illustration below illustrates how violations and fender-benders can influence GMC Acadia yearly insurance costs for each different age category. The price estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

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

Five discounts to earn lower Laurinburg insurance rates

The cost of insuring your cars can be expensive, but you might find some hidden discounts to cut the cost considerably. Certain discounts will be triggered automatically when you quote, but some discounts are required to be specifically requested prior to receiving the credit. If you aren't receiving every discount possible, you are just wasting money.Discount insurance

While discounts sound great, it's important to understand that some credits don't apply to your bottom line cost. Most cut specific coverage prices like comp or med pay. Just because you may think you can get free auto insurance, company stockholders wouldn't be very happy.

Auto insurance companies that have some of the above discounts include:

Double check with all the companies which discounts can lower your rates. Depending on the company, some discounts might not be offered in Laurinburg. If you would like to view providers with discount rates in Laurinburg, follow this link.

Get rate quotes but work with a local Laurinburg insurance agency

Some people still like to sit down and talk to an agent and that is a personal choice. One of the great benefits of comparing rate quotes online is the fact that drivers can get lower rates but also keep your business local. And supporting neighborhood agents is definitely important in Laurinburg.

To find an agent, once you fill out this short form, your coverage information is instantly submitted to agents in your area who will give you quotes for your auto insurance coverage. You won't even need to drive around because quoted prices will be sent straight to your inbox. It's the lowest rates without requiring a lot of work. If you wish to compare rates from one company in particular, just search and find their rate quote page to submit a rate quote request.

If you need to find a reputable insurance agent or broker, it can be helpful to understand the different types of agents and how they operate. Auto insurance agents in Laurinburg are categorized either exclusive agents or independent agents.

Independent Agents (or Brokers)

Independent agents often have affiliation with several companies and that allows them to write policies with any number of different companies and find the cheapest auto insurance rates. If you want to switch companies, your agent can just switch to a different company which requires no work on your part.

When searching for an agent, it's a good idea to compare prices from several independent agencies in order to compare the most rates. Many write coverage with smaller mutual companies which may have better rates.

Exclusive Auto Insurance Agents

Agents that elect to be exclusive are contracted to one company and some examples include AAA, State Farm, Farmers Insurance, and Allstate. They are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents receive a lot of sales training on their products and sales techniques which aids in selling service over price. Consumers sometimes buy from exclusive agents partially due to the brand name rather than low price.

Finding the right car insurance agent is decision based upon more than just the price. Ask your prospective agent these questions:

After talking to the agent and getting answers to your satisfaction and the cheapest Laurinburg auto insurance quotes, most likely you have located a car insurance agent that will properly service your auto insurance policy.

Three reasons to not skimp on car insurance

Even though it can be expensive, insuring your vehicle is not optional due to several reasons.

The benefits of having insurance outweigh the cost, especially when you need to use it. The average driver in America is wasting up to $820 a year so smart consumers compare quotes each time the policy renews to ensure rates are competitive.

Insurance coverage considerations

Understanding the coverages of your insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage - This coverage protects you and your vehicle's occupants when other motorists do not carry enough liability coverage. This coverage pays for 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), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liability limits.

Liability auto insurance - Liability coverage will cover damage or injury you incur to people or other property. This coverage protects you from legal claims by others, and doesn't cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 30/60/25 which stand for $30,000 in coverage for each person's injuries, $60,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like bail bonds, loss of income and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford. North Carolina requires drivers to carry at least 30/60/25 but it's recommended drivers buy better liability coverage.

Lowest and Highest Liability Insurance Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Subaru Forester Kia Rio
Fiat 500 Chevrolet Sonic
Acura MDX Kia Optima
Subaru Outback Chevrolet Cruze
Chevrolet Corvette Mitsubishi Mirage
Audi A6 Chevrolet Impala

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision - This coverage pays for damage to your vehicle from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sideswiping another vehicle, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to bring the cost down.

Lowest and Highest Collision Insurance Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Nissan Xterra Audi RS7
Smart ForTwo Bently Continental GTC
Jeep Wrangler BMW M6
Ford F-150 SuperCrew Nissan GT-R
Ford Edge Ferrari 458
Chevrolet Colorado BMW 6 Series

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Comprehensive coverage - Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, damage from flooding and damage from a tornado or hurricane. The highest amount you'll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Lowest and Highest Comprehensive Insurance Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Infiniti QX50 Mercedes-Benz S Class
Chevy Silverado 2500 Maserati Quattroporte
Chevy Spark Bentley Continental GTC
Smart ForTwo Audi S7
Volvo V60 Maserati Granturismo
GMC Sierra 2500 Bentley Continental GT

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Medical payments coverage and PIP - Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like X-ray expenses, EMT expenses, dental work and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Lowest and Highest Medical Payment Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Ford Expedition Chrysler 200
Audi A4 Allroad Mitsubishi Mirage
Ford F-250 SuperCrew Hyundai Accent
Tesla Model S Chevrolet Sonic
Ford F-350 SuperCrew Kia Forte
Chevrolet Silverado 2500 Nissan Sentra

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Frequent quotes can save

As you restructure your insurance plan, do not buy less coverage just to save a little money. In many cases, drivers have reduced comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage for the lowest price, but do not sacrifice coverage to save money.

Cheaper car insurance in Laurinburg can be purchased from both online companies and also from your neighborhood Laurinburg agents, so you should compare both to have the best rate selection. There are still a few companies who do not provide price quotes online and many times these small insurance companies prefer to sell through independent agents.

You just learned a lot of ways to find cheaper coverage online. It's most important to understand that the more price quotes you have, the better your chances of lowering your premium rates. You may even discover the lowest auto insurance rates are with a smaller regional carrier.

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