Truthfully, the best way to get low-cost GMC Acadia insurance is to regularly compare quotes from insurance carriers who sell insurance in Durham.
- Step 1: Read and learn about how insurance works and the modifications you can make to prevent rate increases. Many risk factors that are responsible for high rates such as multiple speeding tickets and an imperfect credit rating can be eliminated by making small lifestyle or driving habit changes. Continue reading for more details to help reduce premium rates and earn a bigger discount.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of insurance providers. Get quotes now
- Step 3: Compare the new rate quotes to your current policy to determine if you can save on Acadia insurance in Durham. If you find better rates, verify that coverage does not lapse between policies.
- Step 4: Give notification to your current company of your intent to cancel your current auto insurance policy. Submit the required down payment along with the signed application to the new company. Don’t forget to keep the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
One key aspect of rate comparisons is to make sure you enter similar coverage information on each quote request and and to get prices from as many companies as you can. Doing this ensures an accurate price comparison and a complete price analysis.
Shocking but true, the vast majority of consumers kept buying from the same company for four years or more, and nearly 40% of drivers have never shopped around. Many drivers in Durham could pocket as much as 10% a year just by getting comparison quotes, but they just assume it’s a time-consuming process to compare other rate quotes.
If you have insurance now, you will most likely be able to get lower rates using the techniques presented in this article. We hope to instruct you on how car insurance quotes work and how to save the most money. But North Carolina drivers need to learn how big insurance companies set your policy premium and use it to find better rates.
Cheaper Durham insurance quotes with discounts
Some insurers don’t necessarily list every discount they offer in an easy-to-find place, so below is a list both the well known as well as some of the hidden discounts that you may qualify for.
- No Claim Discounts – Claim-free drivers pay much less compared to frequent claim filers.
- Low Mileage Discounts – Driving fewer miles could earn substantially lower insurance rates.
- Driver’s Ed – Have your child successfully complete driver’s ed class in school or through a local driver safety program.
- Responsible Drivers – Insureds without accidents can save up to 40% or more on their Durham auto insurance quote than their less cautious counterparts.
- Theft Prevention Discount – Cars, trucks, and SUVs with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
- Full Payment Discount – By paying your policy upfront rather than paying monthly you may have a lower total premium amount.
A little disclaimer on discounts, some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So even though you would think adding up those discounts means a free policy, you’re out of luck. But all discounts will help lower the amount you have to pay.
The diagram below illustrates the comparison of GMC Acadia insurance costs with and without discounts applied to the policy rates. The prices are based on a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, marriage, multi-car, and homeowner discounts applied.
The best insurance companies and some of their more popular discounts are shown below.
- Progressive offers discounts including online signing, good student, continuous coverage, multi-vehicle, homeowner, online quote discount, and multi-policy.
- The Hartford has savings for good student, defensive driver, bundle, driver training, vehicle fuel type, air bag, and anti-theft.
- Mercury Insurance policyholders can earn discounts including accident-free, multi-policy, ease of repair, low natural disaster claims, and anti-theft.
- GEICO may have discounts that include five-year accident-free, driver training, multi-policy, federal employee, anti-lock brakes, daytime running lights, and multi-vehicle.
- AAA includes discounts for multi-car, anti-theft, multi-policy, AAA membership discount, education and occupation, and good student.
- State Farm offers discounts for Drive Safe & Save, passive restraint, anti-theft, student away at school, multiple autos, good driver, and accident-free.
Before buying, ask all the companies the best way to save money. A few discounts may not apply to policyholders in your area. To view providers with discount rates in North Carolina, click here to view.
To get cheaper Durham auto insurance quotes, there a variety of ways of comparing rate quotes from companies that offer insurance in North Carolina. The quickest method to comparison shop is to perform an online rate comparison.
When quoting insurance, remember that more quotes increases your odds of finding the best rates.
The following companies are ready to provide quotes in North Carolina. To locate the cheapest car insurance in North Carolina, we suggest you visit two to three different companies to get the cheapest price.
Car insurance statistics and figures
The rate information displayed next highlights different insurance rates for GMC Acadia models. Having a better idea how auto insurance premiums are established can be of help when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $106 | $182 | $240 | $14 | $72 | $614 | $51 |
| Acadia SL AWD | $122 | $182 | $240 | $14 | $72 | $630 | $53 |
| Acadia SLE 2WD | $122 | $182 | $240 | $14 | $72 | $630 | $53 |
| Acadia SLE AWD | $122 | $222 | $240 | $14 | $72 | $670 | $56 |
| Acadia SLT 2WD | $122 | $222 | $240 | $14 | $72 | $670 | $56 |
| Acadia SLT AWD | $138 | $222 | $240 | $14 | $72 | $686 | $57 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in specific location which can affect coverage rates substantially.
Deductible comparison
When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The comparisons below can help illustrate the premium difference when you choose different comp and collision deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $168 | $266 | $250 | $14 | $74 | $797 | $66 |
| Acadia SL AWD | $192 | $266 | $250 | $14 | $74 | $821 | $68 |
| Acadia SLE 2WD | $192 | $266 | $250 | $14 | $74 | $821 | $68 |
| Acadia SLE AWD | $192 | $324 | $250 | $14 | $74 | $879 | $73 |
| Acadia SLT 2WD | $192 | $324 | $250 | $14 | $74 | $879 | $73 |
| Acadia SLT AWD | $218 | $324 | $250 | $14 | $74 | $905 | $75 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $136 | $214 | $250 | $14 | $74 | $688 | $57 |
| Acadia SL AWD | $156 | $214 | $250 | $14 | $74 | $708 | $59 |
| Acadia SLE 2WD | $156 | $214 | $250 | $14 | $74 | $708 | $59 |
| Acadia SLE AWD | $156 | $262 | $250 | $14 | $74 | $756 | $63 |
| Acadia SLT 2WD | $156 | $262 | $250 | $14 | $74 | $756 | $63 |
| Acadia SLT AWD | $176 | $262 | $250 | $14 | $74 | $776 | $65 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium costs do not factor in zip code location which can impact prices greatly.
We can derive from the above data that using a $250 deductible will cost you roughly $10 more each month or $120 a year averaged for all Acadia models than selecting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 25 months between claims, you would more than likely save some money if you choose the higher deductible.
Full coverage or liability only
The example below compares GMC Acadia premium costs with and without full coverage. The prices are based on no violations or claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive formula of when to phase out physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your GMC Acadia settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after paying your deductible. If you are paying over $300 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few cases where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Save Money with These Tips
When buying insurance it’s important to understand the different types of things that are used to determine your insurance rates. If you have some idea of what influences your rates, this enables informed choices that may reward you with cheaper rates.
The following are some of the most common factors insurance companies consider when setting your premiums.
- Never let your coverage expire – Driving without insurance is against the law and companies may charge more for letting your insurance lapse. Not only will you pay higher rates, failure to provide proof of insurance might get you a fine, jail time, or a revoked license.
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Gender impacts prices – Over the last 50 years, statistics have shown women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both genders are in accidents at a similar rate, but the males have costlier accidents. Not only that, but men also get higher numbers of serious violations such as reckless driving. Males from age 16 to 21 tend to get in the most accidents and therefore pay the highest rates.
The illustration below visualizes the comparison of GMC Acadia insurance rates for male and female drivers. The prices are based on no claims or violations, full coverage, $250 deductibles, single status, and no discounts are factored in.
- High credit scores save money – An insured’s credit history is a big factor in determining your rates. Insureds that have high credit scores tend to be more responsible and file fewer claims than drivers with bad credit. If your credit score can use some improvement, you may save money insuring your GMC Acadia by taking the time to improve your credit score.
- Pay less with a high IIHS safety rating – Safer cars can get you lower premiums. Vehicles engineered for safety have better occupant injury protection and fewer injuries means lower claim amounts and lower rates for you. If the GMC Acadia is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
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GMC Acadia insurance loss data – Insurance companies study historical loss data to calculate a rate that will offset losses. Vehicles that historically have higher frequency or amount of claims will have higher rates.
The information below illustrates the insurance loss data used by companies for GMC Acadia vehicles. For each coverage category, the statistical loss for all vehicles averaged together is set at 100. Numbers shown that are under 100 indicate a favorable loss history, while values over 100 point to more claims or an increased chance of larger losses than average.
GMC Acadia Insurance Loss Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury GMC Acadia 4dr 2WD 75 86 73 71 69 80 GMC Acadia 4dr 4WD 83 100 88 62 63 80 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
What if I want to buy from local Durham insurance agencies?
A small number of people would prefer to visit with an insurance agent. A nice benefit of comparing rate quotes online is the fact that you can find better rates and still have an agent to talk to. Putting coverage with local agencies is important especially in Durham.
Upon completion of this form (opens in new window), your coverage information is instantly submitted to local insurance agents in Durham that provide free Durham auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to do any legwork due to the fact that quote results will go to the email address you provide. You can get cheaper car insurance rates and an insurance agent to talk to. If for some reason you want to get a price quote from a particular provider, you just need to visit that company’s website and submit a quote form there.
When researching local Durham agents, you need to know there are two different agency structures and how they function. Agents are considered either independent or exclusive.
Independent Car Insurance Agents
Agents in the independent channel are appointed with more than one company and that allows them to write policies with lots of companies and possibly get better coverage at lower prices. If you want to switch companies, the agent simply finds a different carrier and that require little work on your part. When comparison shopping, you will want to compare quotes from several independent insurance agents to maximize your price options. Most also write with smaller companies that can offer cheaper rates than bigger companies.
Below are Durham independent insurance agencies who may be able to give you pricing information.
- Bowen Agency, Inc.
4905 Pine Cone Dr Suite 5 – Durham, NC 27707 – (919) 929-4222 – View Map - Joshua E. Matthews Insurance Agency, Inc.
2144 Page Rd Suite 106 – Durham, NC 27703 – (919) 598-6800 – View Map - Insurance Pros: Paradis James
3200 Croasdaile Dr # 603 – Durham, NC 27705 – (919) 294-6613 – View Map
Exclusive Insurance Agents
Exclusive agencies normally can only provide a single company’s rates and examples are Allstate, State Farm and Farmers Insurance. They generally cannot provide rate quotes from other companies so they really need to provide good service. They are well schooled in insurance sales and that can be a competitive advantage. Drivers often purchase coverage from exclusives mostly because of the brand rather than having low rates.
Listed below are exclusive agencies in Durham that are able to give price quotes.
- Allstate Insurance Agent: Caufield Agency
4845 Industry Ln Ste D – Durham, NC 27713 – (919) 493-7471 – View Map - Zonya Autmon – State Farm Insurance Agent
2402 S Miami Blvd #103 – Durham, NC 27703 – (919) 993-3555 – View Map - Nationwide Insurance: Andrew F Jones
5242 Roxboro Rd Ste C – Durham, NC 27712 – (919) 477-7666 – View Map
Choosing an auto insurance agent needs to be determined by more than just a cheap price quote. These are some valid questions you should ask.
- What is the financial rating for the quoted company?
- What will you get paid if your car is a total loss? How is that amount determined?
- How are claims handled?
- How much experience to they have in personal lines coverages?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Which insurance company do they prefer to write with?
- Do the agents have professional certifications like CPCU or CIC?
Upon receiving positive feedback to your questions and the cheapest GMC Acadia insurance in Durham quotes, you may have just found an auto insurance agent that can be trusted to properly service your car insurance policy.
Here’s why auto insurance is not optional
Despite the fact that auto insurance is not cheap in Durham, maintaining insurance may be required and benefits you in several ways.
- Just about all states have mandatory liability insurance requirements which means state laws require specific limits of liability coverage in order to drive the car. 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 took out a loan on your Acadia, almost all lenders will require you to have insurance to guarantee payment of the loan. If you let the policy lapse, the lender will be forced to insure your GMC at a significantly higher premium and make you pay the higher premium.
- Auto insurance preserves your car and your assets. Insurance will pay for medical bills that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will cover the repair costs.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly for liability claims. The average driver in America is overpaying over $800 each year so compare rates every year to ensure rates are inline.
The most affordable rates come from being thorough
When buying insurance coverage, it’s very important that you do not reduce coverage to reduce premium. In many instances, an insured cut physical damage coverage only to discover later they didn’t purchase enough coverage. Your objective should be to purchase a proper amount of coverage at the best possible price and still be able to protect your assets.
We’ve covered a lot of techniques to get a better price on GMC Acadia insurance in Durham. The most important thing to understand is the more price quotes you have, the higher your chance of finding affordable Durham auto insurance quotes. Consumers may even find the best rates are with a small mutual company.
Affordable GMC Acadia insurance in Durham is possible both online as well as from insurance agents, so get free Durham auto insurance quotes from both of them to have the best rate selection. Some insurance companies do not offer online rate quotes and these smaller companies only sell through local independent agents.
Helpful learning opportunities
- Five Mistakes to Avoid (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Rates for Low Mileage Drivers in Durham? (FAQ)
- Who Has the Cheapest Auto Insurance for a Dodge Ram in Durham? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Subaru Outback in Durham? (FAQ)
- How Much is Auto Insurance for 4×4 Vehicles in Durham? (FAQ)
- Safety Belts FAQ (iihs.org)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)