If you are new to online car insurance, you can be overwhelmed of local and online companies competing for business in Hope Mills.
Get cheaper rates with these seven discounts
Some providers don’t list the entire discount list very well, so the below list has some of the best known as well as the least known discounts that may be available.
- Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts could see savings of 25 to 30%.
- Payment Discounts – By paying your policy upfront instead of making monthly payments you could save up to 5%.
- Distant Student Discount – College-age children who live away from home to go to college and won’t have access to an insured vehicle could qualify for this discount.
- Student Driver Training – Have your child complete a driver education course in school.
- Save with a New Car – Adding a new car to your policy can get you a discount due to better safety requirements for newer vehicles.
- Early Renewal Discounts – A few insurance companies allow discounts for switching to them prior to your current policy expiring. This can save 10% or more.
- Data Collection Discounts – Insureds that choose to allow their company to track driving manner through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if their driving habits are good.
As a footnote on discounts, some credits don’t apply to the overall cost of the policy. Some only apply to specific coverage prices like comp or med pay. Despite the appearance that all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will help lower the amount you have to pay.
To locate insurers who offer cheap car insurance quotes in North Carolina, follow this link.
Effectively comparing car insurance prices can be exhausting if you don’t utilize the best way to get rate quotes. You can spend countless hours discussing policy coverages with insurance agencies in Hope Mills, or you could save time and use the web to achieve your goal.
Many insurance companies participate in a marketplace that allows shoppers to only type in their quote data once, and every company then returns a price quote based on that information. This prevents consumers from doing form submissions to each individual car insurance company.
To participate in this free quote system, click to open in new window.
The one disadvantage to using this type of form is you can’t choose which companies you will receive quotes from. So if you want to select specific insurance companies to compare prices, we have a listing of companies who write car insurance in North Carolina. Click here for list of insurance companies in North Carolina.
Compare rates however you want, just do your best to enter equivalent information with every price quote. If your comparisons have different deductibles then you won’t be able to make a fair comparison in Hope Mills.
Car insurance 101
Learning about specific coverages of car insurance can be of help when determining the best coverages for your vehicles. Car insurance terms can be impossible to understand and reading a policy is terribly boring.
Uninsured Motorist or Underinsured Motorist insurance
This gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your vehicle.
Because many people carry very low liability coverage limits (North Carolina limits are 30/60/25), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Liability coverages
This provides protection from damage or injury you incur to a person or their property by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability insurance covers things such as emergency aid, repair bills for other people’s vehicles, pain and suffering and medical expenses. How much liability should you purchase? That is your choice, but you should buy higher limits if possible. North Carolina requires drivers to carry at least 30,000/60,000/25,000 but drivers should carry more liability than the minimum.
Comprehensive coverage (or Other than Collision)
This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as vandalism, damage from flooding, falling objects and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Collision protection
This will pay to fix damage to your vehicle caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims such as rolling your car, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like dental work, pain medications, nursing services, rehabilitation expenses and hospital visits. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible
More comparisons equals lower rates
Lower-priced car insurance is attainable both online and from local insurance agents, so you should compare both to get a complete price analysis. There are still a few companies who don’t offer rates over the internet and these regional insurance providers sell through independent agencies.
When buying insurance coverage, never reduce coverage to reduce premium. In many instances, someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.
Consumers switch companies for a variety of reasons including an unsatisfactory settlement offer, delays in paying claims, lack of trust in their agent and even extreme rates for teen drivers. It doesn’t matter why you want to switch switching companies can be less work than you think.