Elon College Auto Insurance For Less Than You're Paying Now

Comparison shopping for Elon College auto insurance is nearly impossible for consumers not familiar with buying insurance online. You have so many options available that it can easily become more work than you anticipated to find lower rates in Elon College.

It's important to check auto insurance prices before your policy renews because insurance rates are constantly changing. Just because you found the best deal a couple years back you can probably find a better price now. Starting right now, forget all the misinformation about auto insurance because you're about to learn the proper way to save money, get proper coverage and the best rates.

What determines how much you pay?

Consumers need to have an understanding of the different types of things that help determine the price you pay for auto insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

The following are some of the factors companies use to determine rates.

Women pay lower rates - The statistics show women tend to be less risk to insure than men. However, this does not mean women are better drivers. Both sexes have accidents at about the same rate, but the males have costlier accidents. They also receive more costly citations such as DWI and reckless driving. Young males tend to get in the most accidents and are penalized with high auto insurance rates.
Occupation reflects on rates - Did you know that where you work can have an impact on rates? Jobs such as doctors, business owners and stock brokers tend to pay the highest rates in part from high stress and long work days. On the other hand, occupations like farmers, students and performers have the lowest average rates.
One company can mean more discounts - Many insurers will give a discount to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, it's in your best interest to comparison shop to make sure you are getting the best deal. You may still find better rates by splitting coverages up.
The type of vehicle makes a difference - The make and model of the vehicle you own makes a substantial difference in determining your rates. The cheapest insurance rates are usually for small economy passenger cars, but the final cost of insurance is determined by many other factors.
Traffic violations increase rates - Your driving citation history has a big impact on rates. Just one speeding ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who have flagrant citations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
Drive less and save money - Driving more miles every year the more you will pay for auto insurance. Most companies apply a rate based on their usage. Cars and trucks used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your auto insurance coverage properly reflects the proper vehicle usage, because it can save money.
Safer cars are cheaper to insure - Vehicles with high crash test scores can get you lower premiums. These vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates.
Keep rates low by being claim-free - Car insurance companies in North Carolina award discounts to drivers who file claims infrequently. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Your insurance policy is designed for major claims that would cause financial hardship.

Policy discounts you shouldn't miss

The cost of insuring your cars can be expensive, but there are discounts available that you may not know about. Larger premium reductions will be automatically applied at the time of quoting, but some must be asked about before you will receive the discount. If you don't get every credit available, you are paying more than you should be.

Save over 55 - If you're over the age of 55, you may be able to get reduced rates.
Accident Free - Claim-free drivers can earn big discounts as compared to accident-prone drivers.
One Accident Forgiven - Some insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don't have any claims for a set time period.
Theft Prevention Discount - Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
Driver Safety - Successfully completing a course in driver safety could save 5% or more if your company offers it.

It's important to note that most discount credits are not given to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you're out of luck. But any discount will help reduce the amount you have to pay.

To choose companies who offer auto insurance discounts in North Carolina, click here to view.

Save $429 a year? Really?

North Carolina consumers can't ignore all the ads for the lowest price auto insurance by companies like Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise that you can save after switching to them.

But how can every company make almost identical claims? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. An example of a desirable insured could possibly be a mature driver, is a homeowner, and drives less than 10,000 miles a year. A driver who meets those qualifications will get very good rates and is almost guaranteed to save a lot of money.

Potential insureds who don't qualify for this ideal profile will have to pay more money and ends up with the driver buying from a lower-cost company. The ads say "drivers who switch" but not "drivers who get quotes" save money. That's why insurance companies can advertise the way they do.

Because of the profiling, you should quote coverage with many companies. It is impossible to predict the company that will provide you with the cheapest rates.

Learn more today

More information is available on the North Carolina Department of Insurance website. Click here for link. North Carolina consumers can learn about insurance regulations, read industry bulletins, and read consumer alerts.

Other informative sites include this Car Insurance FAQ and this page of insurance agents in Elon College.

In the end, you save

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There are many occasions where an accident victim reduced liability limits or collision coverage only to find out that the savings was not a smart move. Your aim should be to find the BEST coverage for the lowest price.

People change insurance companies for any number of reasons including denial of a claim, high rates after DUI convictions, policy non-renewal or even high prices. No matter why you want to switch, switching auto insurance companies is easier than you think.

Lower-priced auto insurance can be sourced online and with local Elon College insurance agents, and you need to price shop both to have the best chance of lowering rates. Some auto insurance companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.