Is Your Lewisville, NC Car Insurance Too High? Learn How to Lower Your Rates

Being forced to pay for overpriced car insurance premiums can dwindle your savings and make it hard to pay other bills. Performing a price comparison is a smart way to tighten up your finances.

Because there are so many options, it’s difficult to find the lowest price car insurance provider.

Locating affordable coverage in Lewisville is simple if you know the tricks. Just about every driver who shops for car insurance stands a good chance to be able to lower their premiums. Although North Carolina drivers do need to know the way insurance companies market on the web and apply this information to your search.

To find , there are several ways to compare rate quotes from different Lewisville insurance companies. By far the easiest way to find affordable insurance rates consists of obtaining rate quotes online. This is quite simple and can be completed using a couple different methods.

  1. The fastest and easiest way to get quotes would be an industry-wide quote request form (click to open form in new window). This style of form saves time by eliminating boring form submissions to each individual car insurance company. Taking the time to complete one form gets prices estimates instantly.
  2. Another way to get quotes online is to take the time to go to the website of each company and repeat the quote process again and again. For instance, let’s say you need rates from Liberty Mutual, Farmers and Progressive. To find out each rate you need to navigate to each company’s site to input your insurance information, which is not fast way to get rate quotes. To view a list of companies in Lewisville, click here.

Whichever way you use, do your best to use apples-to-apples coverages and limits with every price quote. If the quotes have different values for each quote it will be nearly impossible to determine the best price in Lewisville. Having just a slight variation in insurance coverages or limits can make a big difference in price. It’s important to know that comparing more quotes provides better odds of finding the best rates.

Get cheap rates with discounts

Companies offering auto insurance do not list all possible discounts in an easy-to-find place, so the below list has some of the more common in addition to some of the lesser obvious discounts you could be receiving when you .

  • Life Insurance Discount – If the company offers life insurance, you could get a discounted price on car insurance if you buy auto and life insurance together.
  • Low Miles Discount – Driving less may enable drivers to earn discounted rates on garaged vehicles.
  • Drivers Ed for Students – Teen drivers should enroll in driver’s education as it can save substantially.
  • Theft Deterent System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and will save you 10% or more.
  • Cautious Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
  • Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off with a few car insurance companies.
  • Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions so you can save 10 percent or more.
  • Multi-Vehicle Discounts – Drivers who insure multiple cars or trucks on one policy can get a discount on all vehicles.
  • Early Renewal Discounts – Some companies give discounts for signing up prior to your current policy expiring. You could save around 10% when you .

As is typical with insurance, most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, nobody gets a free ride. Any qualifying discounts will definitely lower the cost of your policy.

For a list of car insurance companies who offer free car insurance quotes in Lewisville, click this link.

Five factors that affect insurance costs

Consumers need to have an understanding of the different types of things that are used to determine the level of your policy premiums. If you understand what determines base rates, this allows you to make educated decisions that could help you find better car insurance rates. Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious such as your driving history, but others are more obscure such as whether you are married or your commute time.

The following are some of the factors utilized by car insurance companies to help set prices.

  • Cheaper rates after marriage – Being married may earn you lower rates when shopping for car insurance. Having a significant other is viewed as being more stable financially and statistics prove married drivers tend to file fewer claims.
  • Pay more for higher performance vehicles – The performance level of the car, truck or SUV you are trying to find cheaper insurance for makes a big difference in your premium level. Lower cost passenger vehicles normally have pretty low rates, but your final cost has many other factors.
  • High physical damage deductibles equal low rates – Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Examples of some claims that would be covered could be collision with another vehicle, collision with an animal, and rolling your vehicle. Deductibles for physical damage state the amount of money the insured will be required to pay in the event of a claim. The higher the amount the insured is willing to pay, the less your company will charge you for insurance.
  • Rental and towing coverage may not be needed – There are many additional coverages that may not really be needed if you aren’t careful. Insurance for things like personal injury protection, towing, and additional equipment coverage are probably not needed. They may seem like a good idea when buying your policy, but if they’re wasting money consider taking them off your policy.
  • Employer and insurance premiums – Did you know that where you work can have an impact on rates? Occupational choices like real estate brokerspolice officers and emergency personnel have the highest average rates in part from intense work situations and lots of time spent away from family. On the other hand, careers such as scientists, athletes and homemakers get better rates.

What is the best car insurance coverage?

When it comes to choosing the best car insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For example, these questions could help you determine whether you may require specific advice.

  • Am I covered by my spouse’s policy after a separation?
  • Does my vehicle qualify for pleasure use?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is my custom paint covered by insurance?
  • Should I sign the liability waiver when renting a car?
  • Is business property covered if stolen from my car?
  • Can I afford to buy a different vehicle if my vehicle is totaled?
  • Are split liability limits better than a combined single limit?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

More information is located on the North Carolina Department of Insurance website through this link. Visitors are able to learn about specific coverages, view agent and company licensing information, read enforcement actions against agents and companies, and download brochures.

The following articles may also be useful.

Do drivers who switch really save?

Respected companies like 21st Century, Allstate and State Farm regularly use ads on television and other media. They all seem to make an identical promise about how much you will save just by switching your policy. That’s great but how can every company make the same claim? This is the trick they use.

Insurance providers have a preferred profile for a prospective insured that will most likely be profitable. For instance, a driver they prefer might be described as over age 30, has had continuous coverage, and has excellent credit. Anybody that hits that “sweet spot” is entitled to the best price and therefore will save when they switch companies.

Insureds who do not match these standards will see higher rates and ends up with the customer not purchasing. The trick companies use is to say “people who switch” not “all people who quote” will save that much if they switch. That is how companies can make those claims.

This emphasizes why you absolutely need to get price quotes at each policy renewal. It’s impossible to know which insurance companies will give you lower auto insurance rates than your current company.

You can lower your rates

Some car insurance companies may not have price quotes online and usually these smaller companies sell through independent agents. The cheapest car insurance can be sourced from both online companies as well as from independent agents in Lewisville, and you should compare price quotes from both so you have a total pricing picture.

In this article, we presented many ideas to shop for car insurance online. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding . Consumers could even find that the lowest priced car insurance comes from some of the smallest insurance companies. Smaller companies can often provide lower prices in certain areas than their larger competitors like State Farm, GEICO and Nationwide.