Astonishing but true, most consumers in North Carolina have been with the same company for at least four years, and just under half have never compared rate quotes at all. Many drivers in the U.S. could save themselves roughly $859 a year just by shopping around, but they just feel it’s too hard to compare rate quotes.
Really, the only way to get low-cost car insurance rates is to start comparing prices yearly from companies in Raleigh.
First, take a little time to learn about how car insurance works and the steps you can take to prevent expensive coverage. Many policy risk factors that result in higher prices like distracted driving and a not-so-good credit rating can be rectified by making minor changes in your lifestyle. Later in this article we will cover additional ideas to prevent expensive rate increases and get bigger discounts.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or State Farm, while independent agents can provide prices for many different companies.
Third, compare the new quotes to the premium of your current policy to see if a cheaper price is available in Raleigh. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.
Fourth, provide adequate notice to your current company to cancel your current coverage and submit the signed application along with the required initial payment for the new coverage. Immediately keep the new proof of insurance certificate in your glove compartment.
One tip to remember is to use identical deductibles and limits on every quote request and and to get quotes from every company you can. Doing this ensures an apples-to-apples comparison and the best rate selection.
The companies shown below are ready to provide comparison quotes in Raleigh, NC. To get cheap car insurance in Raleigh, NC, we suggest you click on several of them to get the lowest price.
Choosing the best Toyota vehicle insurance in North Carolina is an important decision
Even though it’s not necessarily cheap to insure a Toyota in Raleigh, paying for insurance may be required for several reasons.
- Just about all states have minimum liability requirements which means state laws require a specific minimum amount of liability insurance coverage if you don’t want to risk a ticket. 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.
- If you took out a loan on your Toyota Highlander Hybrid, it’s most likely the lender will require you to buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank will be required to insure your Toyota for a much higher rate and force you to pay for it.
- Insurance safeguards your Toyota and your assets. It will also pay for medical transport and hospital expenses incurred in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your Toyota gets damaged, collision and comprehensive coverages will cover the repair costs.
The benefits of carrying enough insurance greatly outweigh the cost, especially if you ever need it. An average driver in America overpays more than $750 every year so compare quotes from several companies every year to ensure rates are competitive.
Lower Your Raleigh Insurance Costs
Part of the insurance buying process is learning a few of the rating criteria that aid in calculating the price you pay for insurance. If you have a feel for what determines base rates, this enables you to make decisions that may reward you with much lower annual insurance costs. Many different elements are used in the calculation when premium rates are determined. Some are obvious like a motor vehicle report, but other criteria are more obscure like your vehicle usage or your commute time.
The list below includes most of the major factors used by your company to calculate your premiums.
- A good credit rating can save money – A driver’s credit history is a large factor in determining your rates. If your credit rating is not that good, you may save money insuring your Toyota Highlander Hybrid if you clean up your credit. Drivers who have very good credit scores tend to be more responsible than those with lower ratings.
- Guys tend to take more risk – Statistics have proven that females tend to be a little less risky than males. That doesn’t necessarily mean that men are worse drivers. Women and men cause at-fault accidents at a similar rate, but the men cause more damage. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents so it costs more to insure them.
- Teen drivers are expensive to insure – More mature drivers tend to be more responsible, statistically cause fewer accidents, and receive fewer citations. Drivers with little experience have been known to be inattentive when at the wheel of a vehicle and because of this, their insurance rates are much higher.
- Responsible drivers pay less – Having a clean driving record has a lot to do with how much you pay for insurance. Even a single chargeable violation may cause rates to rise by as much as twenty percent. Attentive drivers get better prices than bad drivers. People who have careless violations such as DUI or reckless driving might be required by their state to complete a SR-22 with the DMV in their state in order to continue driving.
- Be proud to be claim-free – If you are a frequent claim filer, you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance companies in North Carolina provide discounts to drivers that do not abuse their auto insurance. Your car insurance is meant to be used in the event of more catastrophic claims.
- Safer vehicles means better premiums – Cars with high safety ratings are cheaper to insure. These vehicles help reduce the chance of injuries in an accident and fewer injuries means lower claim amounts passed on to you as lower rates.
- Your career may increase premiums – Jobs such as doctors, air traffic controllers, and medical professionals have higher average rates because of intense work requirements and lengthy work days. On the flip side, occupations like professors, athletes and retirees have lower than average premiums.
- Do you know your comp and collision deductibles? – Deductibles for physical damage represent how much money you are required to pay if the claim is covered. Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your car. Some instances where coverage would apply are a windshield broken by a bird, damage caused by hail, and damage from wind. The more the insured has to pay upfront, the better rate you will receive.
Toyota Highlander Hybrid claim statistics – Companies use data from past claims to help calculate premium costs. Models that the data determines to have higher losses will cost more for specific coverages. The next table shows the compiled insurance loss statistics for Toyota Highlander Hybrid vehicles.
For each coverage category, the loss probability for all vehicles, as a total average, is equal to 100. Percentage values below 100 suggest a better than average loss history, while numbers above 100 point to more claims or tendency to have larger claims.
Toyota Highlander Hybrid Insurance Loss Statistics Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Highlander Hybrid 4dr 4WD 111 143BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Everyone needs different insurance coverages
Always remember that when buying the best insurance coverage for your vehicles, there really is no cookie cutter policy. Every insured’s situation is different.
Here are some questions about coverages that could help you determine if your insurance needs would benefit from professional advice.
- When does my teenage driver need to be added to my policy?
- Can my babysitter drive my car?
- Do I need special endorsements for business use of my vehicle?
- Can I afford low physical damage deductibles?
- What is GAP insurance?
- Why does it cost so much to insure a teen driver in Raleigh?
- Is my nanny covered when transporting my kids?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Does my policy pay for OEM or aftermarket parts?
- Do I have ACV or replacement cost coverage?
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and you can get the answers you need.
A little work can save a LOT of money
As you go through the steps to switch your coverage, it’s a bad idea to reduce needed coverages to save money. There are many occasions where an insured dropped collision coverage only to regret that it was a big mistake. The goal is to purchase a proper amount of coverage for the lowest cost while still protecting your assets.
Insureds switch companies for a variety of reasons including delays in paying claims, poor customer service, lack of trust in their agent or high prices. Regardless of your reason, finding a new auto insurance company is less work than it seems.
Lower-priced auto insurance in Raleigh can be bought both online as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who do not offer rate quotes online and many times these regional insurance providers sell through independent agents.
For more information, feel free to visit the articles below:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- What Insurance is Cheapest for Retired Military in Raleigh? (FAQ)
- Who Has Cheap Car Insurance for 4×4 Vehicles in Raleigh? (FAQ)
- Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Raleigh? (FAQ)
- Who Has Affordable Auto Insurance for College Students in Raleigh? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Government Employees in Raleigh? (FAQ)
- Who Has Cheap Auto Insurance for a Dodge Ram in Raleigh? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Understanding Car Crashes Video (iihs.org)