Best Ways to Save on Raleigh Jeep Compass Insurance

Insurance quote for Jeep Compass in RaleighRegrettably, most car insurance buyers in North Carolina kept buying from the same company for at least four years, and 38% of customers have never compared rates with other companies. The average driver in America could cut their rates by as much as 47% a year by just shopping around, but they feel it’s too difficult to shop around.

The recommended way to save on car insurance rates in Raleigh is to make a habit of comparing prices annually from different companies who provide auto insurance in North Carolina. You can compare prices by following these guidelines.

One key aspect when comparing rates is to make sure you’re comparing the same deductibles and limits on each price quote and and to compare as many companies as possible. Doing this guarantees an accurate price comparison and the best price quote selection.

If you currently have insurance, you will definitely be able to reduce the price you pay using the concepts covered in this article. Quoting affordable insurance in Raleigh is actually quite simple. But North Carolina consumers do need to learn how big insurance companies charge you for coverage.

Affordable Jeep insurance price quotes in Raleigh

The companies in the list below have been selected to offer quotes in Raleigh, NC. If your goal is to find the best auto insurance in NC, we recommend you click on several of them to find the lowest car insurance rates.

Statistics and details

The rate table displayed next highlights different insurance policy prices for Jeep Compass models. Having insight into how auto insurance prices are figured can help customers make smart buying decisions.

Jeep Compass Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $208 $392 $336 $20 $100 $1,056 $88
Compass Sport 4WD $238 $476 $336 $20 $100 $1,170 $98
Compass Limited 2WD $238 $476 $336 $20 $100 $1,170 $98
Compass Limited 4WD $238 $476 $336 $20 $100 $1,170 $98
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in specific location information which can revise auto insurance rates considerably.

Higher deductibles lower rates

When buying car insurance, a common question is the level to set your comp and collision deductibles. The comparison tables below highlight the costs and benefits between high and low physical damage coverage deductibles. The first data set uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.

Jeep Compass insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $186 $318 $250 $14 $74 $867 $72
Compass Sport 4WD $214 $386 $250 $14 $74 $963 $80
Compass Limited 2WD $214 $386 $250 $14 $74 $963 $80
Compass Limited 4WD $214 $386 $250 $14 $74 $963 $80
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Jeep Compass insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $104 $168 $250 $14 $74 $610 $51
Compass Sport 4WD $118 $204 $250 $14 $74 $660 $55
Compass Limited 2WD $118 $204 $250 $14 $74 $660 $55
Compass Limited 4WD $118 $204 $250 $14 $74 $660 $55
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in vehicle garaging location which can modify auto insurance rates substantially.

Using the data above, we can ascertain that using a $100 deductible costs about $24 more each month or $288 every year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 38 months between claim filings, you would probably save some money if you decide on a higher deductible. The table below illustrates how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $78
Average monthly premium for $1,000 deductibles (subtract): – $54
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

The example below highlights how deductible selection and can affect Jeep Compass insurance costs for different age groups. The prices are based on a married female driver, full coverage, and no other discounts are factored in.

Insurance discounts help lower rates for Jeep Compass insurance in Raleigh

Auto insurance companies don’t always list every possible discount very well, so here is a list both well-publicized in addition to some of the lesser obvious credits that may apply to you.Insurance discounts

As a sidenote, some of the credits will not apply to the entire cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Even though the math looks like you can get free auto insurance, that’s just not realistic.

The example below illustrates the comparison of Jeep Compass auto insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, safe-driver, and marriage discounts applied.

Companies that possibly offer these benefits include:

Before you buy a policy, ask each company what discounts are available to you. Discounts may not apply to policyholders in your state. To see companies that offer some of these discounts in Raleigh, click here.

What Impacts Jeep Compass Insurance Prices?

Lots of factors are used when pricing auto insurance. Some are obvious like an MVR report, but others are more transparent like your continuous coverage or how safe your car is. A large part of saving on auto insurance is knowing some of the things that aid in calculating the level of your policy premiums. If you have some idea of what determines premiums, this enables informed choices that may reward you with lower auto insurance prices.

The itemized list below are a partial list of the pieces used by companies to determine rates.

Do you save by driving less? – The higher the miles on your Jeep every year the more you’ll pay to insure your vehicle. Most companies calculate prices based upon how you use the vehicle. Vehicles that are left in the garage receive better premium rates than those used for commuting. Verify your declarations sheet states the right rating data, because improper ratings can cost you money. Incorrect rating for your Compass may be costing you higher rates.

Is auto insurance cheaper for women or men? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn’t mean females are better at driving than males. Men and women get in at-fault accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to receive more major tickets like reckless driving and DUI.

The chart below compares Jeep Compass auto insurance costs for male and female drivers. The premium estimates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, marital status is single, and no other discounts are factored in.

Do you really need roadside assistance? – There are a lot of optional add-on coverages that you can get tricked into buying if you aren’t diligent. Add-on coverages like rental car reimbursement, towing, and membership fees are some examples. These may sound like a good investment initially, but now you might not need them so get rid of them and save.

Advanced GPS tracking and theft deterrents – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent your car from being stolen.

Tickets inflate prices – Your driving citation history can have a huge impact on auto insurance premiums. Drivers with clean records get better rates than bad drivers. Getting just one driving citation may increase your cost by twenty percent. People who have dangerous violations like DUI or reckless driving may face state-mandated requirements to maintain a SR-22 with their state’s department of motor vehicles in order to prevent a license revocation.

The example below highlights how traffic violations and at-fault collisions raise Jeep Compass premium costs for each age group. The costs are based on a married male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Better credit means lower prices – Having a good credit score can be a huge factor in determining what you pay. People that have excellent credit tend to be better risks to insure than drivers with worse credit. So if your credit history could use some work, you could potentially save money when insuring your Jeep Compass by improving your credit score.

Loss probability for a Jeep Compass – Insurance companies include the past claim history for a vehicle to help calculate premium costs. Models that the data shows to have increased claim numbers or amounts will have a higher premium rate. The next table illustrates the loss history for Jeep Compass vehicles.

For each policy coverage, the claim probability for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are above 100 point to more frequent losses or a tendency for claims to be larger.

Insurance Loss Ratings for Jeep Compass Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Compass 4dr 2WD 87 135 58 128 124 142
Jeep Compass 4dr 4WD 76 114 63 99 107 106

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do I just need basic coverages?

Always remember that when buying your policy for your vehicles, there really is no cookie cutter policy. Your situation is unique so this has to be addressed.Car insurance savings
These are some specific questions might help in determining if your situation could use an agent’s help.

If you’re not sure about those questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.

When to get advice from an agent

Some people still prefer to sit down and talk to an agent and that is OK! An additional benefit of comparing insurance prices online is that you can obtain cheap auto insurance rates and still buy from a local agent. Supporting local agents is definitely important in Raleigh.

Find insurance agent in RaleighAfter filling out this quick form, your insurance coverage information is transmitted to companies in Raleigh that give free quotes and help you find cheaper coverage. You won’t need to contact an agency because quoted prices will be sent instantly to you. You can find better rates and a licensed agent to work with. If you need to compare prices from one company in particular, you would need to find their quoting web page and give them your coverage information.

If you want to use local Raleigh agents, you should know the types of agencies that you can choose from. Agents can be described as either independent or exclusive.

Independent Auto Insurance Agents

These agents are not locked into one company so as a result can place your coverage with many different companies and find you the best rates. If they find a cheaper price, they can switch companies in-house without you having to go to a different agency.

When searching for an agent, you will definitely want to get several quotes from independent agents for the best price selection. A lot of them also have access to smaller mutual companies that may provide cheaper auto insurance rates.

Featured below is a partial list of independent agents in Raleigh who can help you get pricing information.

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Exclusive Insurance Agents

Exclusive agencies can usually just insure with one company such as AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to place coverage with different providers so they have to upsell other benefits. They are usually well trained in insurance sales which helps them compete with independent agents. Drivers often buy from the same agent for years mostly because of the prominent brand name rather than having the cheapest rates.

The following is a short list of exclusive insurance agents in Raleigh that can give you price quotes.

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Choosing the best auto insurance agent shouldn’t rely on just a low price. The answers to these questions are important, too.

Compare but don’t skimp

Throughout this article, we presented a lot of tips how to compare Jeep Compass insurance rates in Raleigh. The key concept to understand is the more times you quote, the better your comparison will be. You may even find the best rates are with a smaller regional carrier. These companies may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.

As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

More information can be read on the following sites: