Colfax Auto Insurance For Less Than You're Paying Now

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of auto insurance companies offering insurance in Colfax.

This information will familiarize you with the best way to quote coverages and some tips to save money. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this information. Although North Carolina consumers do need to know the way insurance companies sell online because it can help you find the best coverage.

Vehicle Insurance Comparison

The are a couple different ways of comparing rates from different Colfax insurance companies. The recommended way to find the lowest rates is to perform an online rate comparison. This can be accomplished in a couple of different ways.

The first (and easiest) way consumers can analyze rates is a comparison rater form like this one (opens in new window). This method eliminates the need for separate quotation requests for each company you want a rate for. Just one form gets you price quotes from auto insurance companies with the best prices. Recommended for those who want to invest the least amount of time.

A slightly less efficient method to shop for auto insurance online requires a trip to each individual company website to complete their respective quote request forms. For instance, we'll pretend you want to compare , and . To get each rate you have to go to every website to input your insurance information, and that's why the first method is more popular. For a list of links to companies insuring cars in Colfax, click here.

Whichever way you use, be sure to compare identical quote information on every quote you get. If you are comparing mixed coverages you will not be able to determine which rate is truly the best in Colfax. Just a small difference in coverages could mean much higher rates. Keep in mind that having more price comparisons helps locate a better price.

Understand what determines the rate you pay

It's important that you understand some of the elements that play a part in calculating the rates you pay for auto insurance. Knowing what impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

Shown below are a partial list of the pieces that factor into premiums.

What are your deductibles? - Your deductibles represent how much money you are willing to pay out-of-pocket if you file a covered claim. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of claims that would be covered would be colliding with a building, damage from fire, or theft. The more the insured has to pay upfront, the lower your rates will be.
Cautious drivers pay less - Drivers with clean records tend to pay less for car insurance than their less careful counterparts. Just one moving violation may increase your cost twenty percent or more. Drivers with dangerous tickets like hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
Older drivers save more - Youthful drivers in North Carolina have a tendency to get distracted easily behind the wheel so they pay higher auto insurance rates. If you've ever had to add a teen driver onto your auto insurance can be very expensive. Older drivers are more responsible, statistically cause fewer accidents and are safer drivers.
Do you work long hours in a high stress job? - Occupations such as judges, architects and financial analysts are shown to have higher average rates in part from high stress levels and long work days. Conversely, occupations like scientists, engineers and retirees pay the least.

Policy discounts you shouldn't miss

Insurance can cost an arm and a leg, but companies offer discounts that you may not know about. Larger premium reductions will be automatically applied when you quote, but less common discounts must be asked for prior to getting the savings.

Homeowners Savings - Owning a home in Colfax may trigger a auto insurance policy discount because maintaining a house shows financial diligence.
Good Student - Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
Multiple Cars - Buying insurance for all your vehicles on one policy qualifies for this discount.
Student in College - Children who are attending college and don't have a car can receive lower rates.
No Claims - Good drivers with no accidents pay much less when compared with frequent claim filers.
Auto/Home Discount - When you have multiple policies with one company you may earn at least 10% off all policies.
Passive Restraints and Air Bags - Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 20% or more.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will bring down the amount you have to pay.

For a list of insurers with discount auto insurance rates in North Carolina, follow this link.

Insurance agents can help

When it comes to choosing the best auto insurance coverage for your vehicles, there isn't really a perfect coverage plan. Every insured's situation is different.

For example, these questions may help highlight whether your personal situation would benefit from professional advice.

When do I need to add a new car to my policy?
Why am I required to buy high-risk coverage?
Can I afford to buy a different vehicle if my vehicle is totaled?
Why does it cost so much to insure a teen driver in Colfax?
Does my policy cover my teen driver if they drive my company car?
Will I be non-renewed for getting a DUI or other conviction?

If you don't know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form.

Additional information is located on the North Carolina Department of Insurance website. Click here for link. Visitors are able to report car insurance fraud, file complaints about a company, and read enforcement actions against agents and companies.

The best insurance company isn't always the cheapest

The cheapest auto insurance can be sourced both online in addition to many Colfax insurance agents, and you need to price shop both to have the best rate selection. A few companies do not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.

We covered many ways to lower your auto insurance rates. It's most important to understand that the more rate comparisons you have, the better chance you'll have of finding lower rates. You may be surprised to find that the best price on auto insurance is with a lesser-known regional company.

When trying to cut insurance costs, it's very important that you do not reduce needed coverages to save money. In too many instances, someone dropped liability coverage limits only to discover later that it was a big mistake. Your focus should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.