The best way to get the cheapest auto insurance rates in Raleigh is to make a habit of comparing prices annually from insurers in North Carolina.
Step 1: Try to learn a little about how your policy works and the changes you can make to keep rates low. Many rating factors that are responsible for high rates like your driving record and a less-than-favorable credit rating can be remedied by being financially responsible and driving safely.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while agents who are independent can provide rate quotes from multiple companies.
Step 3: Compare the price quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote, make sure coverage does not lapse between policies.
Step 4: Tell your current agent or company of your intention to cancel the current policy and submit a completed policy application and payment to your new insurance company. As soon as coverage is bound, place your new proof of insurance paperwork with your registration paperwork.
The most important part of this process is to make sure you enter identical coverages on each price quote and and to look at every insurance company. This provides an apples-to-apples comparison and the best price selection.
A recent car insurance study revealed that almost 70% of drivers have purchased from the same company for over three years, and 38% of drivers have never taken the time to shop around. The average driver in North Carolina could cut their rates by as much as $90 a year, but they don’t invest the time required to compare rates and save money.
Reduce Insurance Rates with These Tips
Multiple criteria are taken into consideration when you get a price on insurance. Some factors are common sense like an MVR report, although others are more obscure such as whether you are married or how financially stable you are. One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that go into determining insurance rates. If you understand what controls the rates you pay, this allows you to make good choices that can earn you lower rates.
- Lower rates with a multi-policy discount – Many insurers provide a discount to buyers that buy multiple policies such as combining an auto and homeowners policy. The amount of the discounts can be ten or even fifteen percent. If you currently are using one company, it’s still a good idea to get quotes from other companies to help guarantee you have the best rates.
- Vehicle features impact rates – Purchasing a vehicle with an alarm system can get you a discount on your insurance. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms all help stop auto theft and help lower rates.
- A insurance lapse can increase insurance rates – Having a lapse in insurance coverage can be a fast way to increase your renewal premiums. In addition to paying higher rates, getting caught without coverage may earn you a fine, jail time, or a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with the North Carolina DMV.
- What’s your car’s IIHS safety rating? – Vehicles with good safety scores tend to have better insurance rates. Safer cars protect occupants better and lower rates of occupant injuries translates directly to fewer claims which can result in lower premiums. If your Chevy Captiva Sport scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
- Experienced drivers pay less – Older, more experienced drivers have been proven to be more responsible, tend to cause fewer accidents, and tend to be get fewer driving tickets. Beginning drivers tend to get distracted easily behind the wheel and because of this, their insurance rates are much higher.
- Incidental coverages push up costs – Insurance companies have many add-on coverages that may not really be needed if you aren’t diligent. Coverages for rental car reimbursement, death and dismemberment, and motor club memberships may be costing you every month. These may sound like a good investment when talking to your agent, but if you don’t need them remove them from your policy.
Insurance loss statistics a Chevy Captiva Sport – Insurance companies use statistical claims data to calculate a price that offsets possible losses. Vehicles that statistically have higher number or severity of losses will have higher rates for specific coverages.
The data below shows the collected loss data for Chevy Captiva Sport vehicles. For each type of coverage, the loss probability for all vehicles, regardless of make, model or trim level, is represented as 100. Values that are under 100 indicate a favorable loss history, while values over 100 point to more frequent losses or a tendency for claims to be larger.
Auto Insurance Loss Data for Chevrolet Captiva Sport Models Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Captiva Sport 4dr 2WD 89 95 88 123 115 105BETTERAVERAGEWORSE
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Best car insurance in Raleigh
Picking the best auto insurance provider can be rather challenging considering how many companies provide coverage in North Carolina. The ranking information shown below could help you decide which car insurance companies you want to consider to insure your vehicles.
Top 10 Raleigh Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Raleigh Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Affordable insurance premiums are out there
When shopping online for insurance, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped comprehensive coverage or liability limits only to regret they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.
Insureds leave their current company for any number of reasons including lack of trust in their agent, high rates after DUI convictions, policy non-renewal or even delays in responding to claim requests. It doesn’t matter why you want to switch switching insurance companies is pretty simple and you could end up saving a buck or two.
In this article, we presented many tips how you can compare Chevy Captiva Sport insurance rates in Raleigh. The key thing to remember is the more you quote Raleigh auto insurance, the better your chances of lowering your car insurance rates. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising.
- Choosing a Car for Your Teen (State Farm)
- Who Has Affordable Raleigh Auto Insurance Rates for Good Students? (FAQ)
- How Much are Auto Insurance Quotes for a Subaru Outback in Raleigh? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Good Credit in Raleigh? (FAQ)
- Who Has Cheap Raleigh Car Insurance Rates for a Toyota Tacoma? (FAQ)
- What Insurance is Cheapest for a Chevrolet Equinox in Raleigh? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- State Car Insurance Guides (GEICO)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- How do I File a Claim? (Insurance Information Institute)