No one loves paying for car insurance, especially when they know they could get a better deal.
It’s a known fact that auto insurance companies don’t want customers comparing rates. Insureds who shop around for cheaper prices are inclined to switch to a new company because they have a good chance of finding a more affordable policy. A recent car insurance study revealed that drivers who compared price quotes annually saved approximately $865 annually compared to those who never shopped around for cheaper prices.
If finding the cheapest rates on Ford Five Hundred insurance in Raleigh is why you’re here, then having an understanding of how to shop and compare coverage rates can make it easier for you to save money.
How to buy affordable Ford Five Hundred insurance in Raleigh
If you want to find the absolute lowest rates, then the best way to get cheaper Ford Five Hundred insurance in Raleigh is to regularly compare prices from insurers that sell auto insurance in North Carolina. Price quotes can be compared by following these steps.
First, try to learn about how auto insurance works and the factors you can control to prevent expensive coverage. Many risk factors that are responsible for high rates such as at-fault accidents, careless driving, and a negative credit history can be amended by being financially responsible and driving safely. Later in this article we will cover the details to find cheap rates and find possible discounts that are available.
Second, compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive and State Farm, while independent agencies can quote prices from many different companies. View insurance agents
Third, compare the quotes to your current policy to see if a cheaper price is available in Raleigh. If you find a better price and switch companies, ensure there is no coverage lapse between policies.
A tip to remember is to make sure you enter the same liability limits and deductibles on every quote and and to get prices from as many companies as you can. Doing this ensures a level playing field and a good representation of prices.
Consumers have multiple auto insurance companies to choose from, and although it’s a good thing to be able to choose, so many choices can make it hard to compare rates and find the lowest cost car insurance.
Smart consumers take time to price shop coverage every six months because rates are variable and change quite frequently. Even if you got the lowest rate on Ford Five Hundred insurance in Raleigh two years ago there is a good chance you can find better prices now. There is a lot of bad information regarding Five Hundred insurance out there, but you can learn some of the best ways to slash your car insurance rates in Raleigh.
Buying the cheapest insurance in Raleigh can be made easier if you know where to look. In essence, every person who is looking for cheaper insurance will probably buy a cheaper policy. Nevertheless, North Carolina car owners do need to learn the methods companies use to calculate their prices because it varies considerably.
The Ford Five Hundred Insurance Rate Equation
When buying car insurance it’s important to understand the factors that are used to determine the price you pay for car insurance. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that may result in much lower annual insurance costs. Lots of factors are taken into consideration when premium rates are determined. Some are obvious like your driving record, but other factors are not as apparent such as whether you are married or your financial responsibility.
High credit scores save money – An insured’s credit score can be an important factor in calculating your premium rate. So if your credit score is lower than you’d like, you could be paying less to insure your Ford Five Hundred by taking the time to improve your credit score. People that have high credit ratings tend to file fewer claims and have better driving records than those with poor credit scores.
Get a ticket, pay higher prices – How you drive impacts your car insurance rates tremendously. Attentive drivers tend to pay less for car insurance than people who have multiple driving citations. Just one driving citation may increase your cost forty percent or more. Drivers who have careless tickets such as hit and run, DWI or reckless driving convictions are required to complete a SR-22 with their state’s licensing department in order to legally drive.
Limits of liability insurance – Your policy’s liability coverage will protect you if you are found to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense to defend your case. Liability insurance is quite affordable as compared to coverage for physical damage, so buy as much as you can afford.
Stay claim-free and save – Car insurance companies in North Carolina generally give better rates to drivers who file claims infrequently. If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is intended to be relied upon for larger claims.
How your age affects premiums – Teenage drivers in North Carolina are proven to be inattentive when behind the wheel so they pay higher car insurance rates. If you’ve ever had to add a teenage driver to your policy will cause a huge premium hike. Older, more experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and are safer drivers.
Remove unneeded add-on coverages – There are quite a few extra add-on coverages that can add up but may not be useful. Coverage for things like vanishing deductibles, accidental death, and motor club memberships are some examples. They may seem like a good idea when talking to your agent, but if they’re wasting money get rid of them and save.
Commute or pleasure use – The more you drive every year the higher your rates will be. Most insurance companies calculate prices based on how the vehicle is used. Cars and trucks not used for work or commuting qualify for better rates compared to those used for work or business. It’s always a good idea to double check that your car insurance coverage properly reflects how each vehicle is driven, because improper ratings can cost you money. Improper usage on your Five Hundred can cost quite a bit.
Raising coverage deductibles saves money – Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay before a claim is paid by your company. Physical damage coverage, also called ‘full coverage’, insures against damage to your car. Some coverage claims are colliding with a stationary object, collision with a deer, or theft of your vehicle. The more of the claim the insured has to pay upfront, the less money you will pay for car insurance.
Best auto insurance in Raleigh
Choosing the highest-rated insurer is hard considering how many companies are available to choose from in Raleigh. The company ratings in the next section can help you pick which auto insurers to look at when comparing rates.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Find cheap insurance rates by comparing often
We covered a lot of techniques to lower your Ford Five Hundred insurance car insurance rates in Raleigh. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may even discover the lowest car insurance rates are with some of the smallest insurance companies. Some small companies can often provide lower premium rates in certain areas than the large multi-state companies such as Progressive and GEICO.
Lower-priced Ford Five Hundred insurance in Raleigh can be found online and with local Raleigh insurance agents, so get free Raleigh auto insurance quotes from both of them to get a complete price analysis. Some companies may not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.
How to buy lower priced Ford Five Hundred insurance in Raleigh
If you want to find the absolute lowest rates, then the best way to get more affordable Ford Five Hundred insurance in Raleigh is to begin comparing prices regularly from insurance carriers in North Carolina.
- It will benefit you to learn about policy coverages and the changes you can make to prevent high rates. Many rating criteria that cause rate increases like multiple speeding tickets and an imperfect credit score can be remedied by paying attention to minor details.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agents can provide prices for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy to determine if you can save on Five Hundred insurance in Raleigh. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
A good tip to remember is to use identical coverages on every price quote and and to get prices from as many car insurance companies as possible. Doing this helps ensure a level playing field and the best rate selection.
Helpful resources
- Crash Avoidance Technologies FAQ (iihs.org)
- What Insurance is Cheapest for Drivers Over Age 60 in Raleigh? (FAQ)
- What Insurance is Cheapest for Lyft Drivers in Raleigh? (FAQ)
- What Insurance is Cheapest for a Chevrolet Equinox in Raleigh? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Distracted Driving Statistics (Insurance Information Institute)