It’s amazing but most North Carolina insurance customers have remained with the same insurance company for at least the last four years, and 38% of drivers have never shopped around. With the average premium in America being $1,847, drivers can cut their rates by almost $859 a year by just comparing quotes, but they think it’s difficult to find lower-cost insurance by shopping around.
The most effective way to get cheaper car insurance rates is to compare prices at least once a year from different companies that insure vehicles in Durham.
Step 1: Try to comprehend how car insurance works and the steps you can take to prevent expensive coverage. Many risk factors that drive up the price like at-fault accidents, speeding tickets, and a substandard credit score can be remedied by making minor driving habit or lifestyle changes.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while independent agencies can give you price quotes from many different companies.
Step 3: Compare the new quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Tell your current agent or company of your decision to cancel your current coverage and submit a signed application and payment to your new company or agent. Once the application is submitted, keep the new proof of insurance certificate with your vehicle’s registration.
One tip to remember is to try to compare the same liability limits and deductibles on every quote and and to compare as many carriers as you can. Doing this enables an accurate price comparison and maximum price selection.
If you currently have a car insurance policy, you should be able to reduce the price you pay using the following tips. Locating the most cost-effective auto insurance policy in Durham is not that difficult. Nevertheless, North Carolina vehicle owners can benefit from knowing how insurance companies charge you for coverage because rates fluctuate considerably.
When comparing car insurance rates, know that making a lot of price comparisons will improve the odds of getting more affordable insurance.
The providers in the list below are ready to provide quotes in Durham, NC. If you want to find the cheapest car insurance in Durham, it’s a good idea that you click on several of them to get the best price comparison.
Learn How to Lower Your Insurance Premiums
Many factors are used in the calculation when quoting car insurance. Some are pretty understandable like an MVR report, although some other factors are less apparent like your continuous coverage and annual miles driven. Smart consumers have a good feel for some of the factors that go into determining the rates you pay for car insurance. If you know what determines base rates, this allows you to make educated decisions that will entitle you to lower premium levels.
Get a ticket, pay higher rates – Careful drivers pay less for auto insurance as compared to those with violations. Even a single speeding ticket may cause rates to rise by as much as twenty percent. Drivers unfortunate enough to have careless violations such as hit and run, DWI or reckless driving convictions may find they need to maintain a SR-22 with their state motor vehicle department in order to legally drive.
Deter vehicle theft – Owning a car with an alarm system can save you some money. Theft deterrent systems such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft and help lower rates.
Men drivers tend to cost more – Over the last 30 years, statistics show women are more cautious behind the wheel. However, don’t assume that females are better drivers. They both cause accidents in similar numbers, but the males get into accidents with more damage. Men also statistically receive more costly citations like driving under the influence (DUI).
Don’t cancel your coverage without a new one in place – Having a lapse in insurance coverage is a quick way to increase your car insurance rates. In addition to paying higher rates, being ticketed for driving with no insurance could result in fines or a revoked license.
Rural areas have lower costs – Residing in small towns and rural areas has it’s advantages when it comes to car insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Residents of big cities regularly have congested traffic and much longer commute distances. More time behind the wheel statistically corresponds to a higher accident and claim rate.
Get cheaper costs if you’re married – Getting married may cut your premiums on your car insurance policy. Marriage demonstrates that you tend to be more mature and it’s statistically proven that drivers who are married file infrequent claims.
More policies can equal more savings – Many insurance companies apply discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. Even if you already get this discount, you still need to shop around to help guarantee you have the best rates.
Land Rover Range Rover insurance loss data – Auto insurance companies include the past claim trends for vehicles when they file their rates in each state. Models that the data determines to have a trend towards higher claim severity or frequency will cost more for specific coverages.
The information below illustrates the loss history for Land Rover Range Rover vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is considered to be 100. Numbers below 100 represent a good loss history, while percentage numbers above 100 show a trend for more claims or tendency to have larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Land Rover Range Rover Evoque 2dr 4WD | 159 | |||||
| Land Rover Range Rover Evoque 4dr 4WD | 143 | 139 | 127 | 75 | 73 | 120 |
| Land Rover Range Rover 4dr 4WD | 169 | 116 | 332 | 34 | 104 | |
| Land Rover Range Rover 4dr LWB 4WD | 223 | 397 | ||||
| Land Rover Range Rover Sport 4dr 4WD | 166 | 103 | 252 | 47 | 46 | 88 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is not optional but you don’t have to overpay
Despite the high insurance cost for a Land Rover Range Rover in Durham, buying car insurance serves several important purposes.
- Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage in order to drive the car 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 your vehicle has a loan, most lenders will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you default on your policy, the lender will be forced to insure your Land Rover at a more expensive rate and force you to pay for it.
- Car insurance protects not only your vehicle but also your financial assets. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of having insurance definitely exceed the cost, particularly when you have a large claim. Unknowingly, the average driver is overpaying more than $825 a year so you should quote rates each time the policy renews to save money.