It’s astonishing, but the vast majority of drivers have remained with the same insurance company for a minimum of four years, and nearly 40% of drivers have never compared rates with other companies. With the average insurance premium being $1,000, Raleigh drivers can cut their rates by nearly 10% a year, but they just don’t understand how easy it is to compare other rate quotes.
The recommended way to find better pricing on car insurance rates in Raleigh is to compare prices once a year from companies who provide auto insurance in North Carolina.
- First, read about how insurance works and the modifications you can make to prevent expensive coverage. Many things that are responsible for high rates such as tickets, at-fault accidents, and a less-than-favorable credit history can be improved by making minor changes in your lifestyle. This article gives additional tips to get low prices and find discounts that may have been missed.
- Second, compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can quote rates for a wide range of companies.
- Third, compare the quotes to your current policy to determine if you can save on Mirage insurance. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.
A good tip to remember is that you’ll want to make sure you compare identical coverage information on each quote request and and to get prices from as many different companies as possible. Doing this provides a fair price comparison and plenty of rates choose from.
The quickest method to compare insurance rates from multiple companies is to realize car insurance companies participate in online systems to give free rates quotes. To begin a comparison, all you need to do is take a few minutes to give details including if you have an active license, whether you are married, your general credit rating, and your education level. That rating data gets sent immediately to many of the top insurers and you should receive rate quotes instantly.
To compare rates for your car now, click here and enter your zip code.
The companies in the list below offer comparison quotes in North Carolina. To get the best cheap auto insurance in North Carolina, it’s a good idea that you visit several of them to get a more complete price comparison.
Auto insurance is not optional in North Carolina
Despite the high insurance cost for a Mitsubishi Mirage in Raleigh, buying auto insurance is required in North Carolina but it also protects you in many ways.
First, almost all states have minimum liability requirements which means state laws require specific limits of liability protection in order to be legal. 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.
Second, if you have a loan on your Mirage, it’s guaranteed your bank will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Mitsubishi at an extremely high rate and force you to pay for the much more expensive policy.
Third, insurance safeguards both your assets and your Mitsubishi Mirage. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the repair costs.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly for liability claims. The average driver in America overpays more than $750 every year so you should quote rates every year to ensure rates are inline.
How do I know if I need professional advice?
Keep in mind that when it comes to choosing the best auto insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your situation is unique.
For instance, these questions may help highlight if your insurance needs would benefit from an agent’s advice.
- Exactly who is provided coverage by my policy?
- Can I afford to buy a different vehicle if my Mitsubishi Mirage is totaled?
- Should I get collision insurance on every vehicle?
- Do I have coverage if I rent a car in Mexico?
- Is business equipment covered while in my vehicle?
- Do I need more liability coverage?
- Do I have coverage for damage caused while driving under the influence?
- Can I insure my car for more than it’s worth?
- Does my Mitsubishi Mirage need full coverage?
- Does my car insurance cover rental cars?
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.
Car insurance coverage breakdown
Having a good grasp of a car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.
Medical expense coverage
Med pay and PIP coverage pay for expenses like dental work, hospital visits and prosthetic devices. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as hitting a deer, damage from getting keyed, vandalism, theft and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured or underinsured coverage
This coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Mitsubishi Mirage.
Since many North Carolina drivers only carry the minimum required liability limits (which is 30/60/25), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.
Coverage for collisions
This pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims such as sustaining damage from a pot hole, backing into a parked car, scraping a guard rail, colliding with another moving vehicle and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible on your Mirage to bring the cost down.
Auto liability insurance
This coverage protects you from injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 30/60/25 that translate to a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers things such as court costs, repair bills for other people’s vehicles, medical services, medical expenses and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but you should consider buying more coverage.
The next chart demonstrates why buying low liability limits may not provide adequate coverage.
Affordable auto insurance premiums are possible
Lower-priced Mitsubishi Mirage insurance in Raleigh can be found on the web and with local Raleigh insurance agents, and you should compare rates from both to get a complete price analysis. A few companies may not offer the ability to get quotes online and most of the time these smaller providers provide coverage only through independent insurance agents.
When you buy Raleigh car insurance online, make sure you don’t reduce needed coverages to save money. In many instances, an accident victim reduced liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your aim should be to purchase plenty of coverage at a price you can afford, but do not skimp to save money.
Insureds switch companies for any number of reasons including an unsatisfactory settlement offer, questionable increases in premium, unfair underwriting practices or even delays in responding to claim requests. Whatever your reason, switching auto insurance companies can be less work than you think.
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Who Has Cheap Car Insurance for 4×4 Vehicles in Raleigh? (FAQ)
- What Auto Insurance is Cheapest for Hybrid Vehicles in Raleigh? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Preventing Carjacking and Theft (Insurance Information Institute)