Have you had enough of being strong-armed each month for car insurance? You are no different than many other North Carolina drivers.
Companies like Allstate, Progressive and GEICO all claim big savings with catchy ads and it is difficult to separate fact from fiction and find the best price available.
If you currently have car insurance, you should be able to lower your premiums substantially using these tips. Buying car insurance in Charlotte is not rocket science. Although North Carolina drivers can benefit by having an understanding of how the larger insurance companies determine prices and use this information to your advantage.
Properly insuring your vehicles can get expensive, but companies offer discounts to help bring down the price. Certain discounts will be applied at the time you complete a quote, but some must be specifically requested before being credited.
Consumers should know that some credits don’t apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, companies don’t profit that way. But all discounts will help reduce your premiums.
An important part of buying insurance is that you know the different types of things that play a part in calculating the price you pay for auto insurance. Knowing what controls the rates you pay enables informed choices that can help you get big savings.
Shown below are a partial list of the pieces auto insurance companies consider when setting your rates.
When buying the best auto insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions can aid in determining if your insurance needs would benefit from professional advice.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Auto insurance providers like Allstate, GEICO and Progressive consistently run television and radio advertisements. They all make an identical promise that you’ll save big if you change your policy. How do they all claim to save you money?
All the different companies have a preferred profile for the type of customer that earns them a profit. An example of a desirable insured could possibly be between the ages of 40 and 55, is a homeowner, and has excellent credit. A customer that hits that “sweet spot” receives the best rates and therefore will save when they switch companies.
Potential insureds who don’t meet these standards will be charged higher rates and ends up with the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save that much. That’s why companies can claim big savings.
That is why you need to get as many quotes as possible. Because you never know which insurance companies will have the lowest rates.
More information can be read on the website for the North Carolina Department of Insurance. Click here for link. North Carolina consumers can find disaster information, download brochures, and report car insurance fraud.
The cheapest auto insurance can be found from both online companies in addition to many Charlotte insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.
We covered a lot of ways to save on auto insurance. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers may even find the best price on auto insurance is with a lesser-known regional company. Regional companies can often provide lower rates in certain areas than their larger competitors like Progressive and GEICO.