7 Tips to Save on Car Insurance in Faith
Have you had enough of robbing Peter to pay Paul each month for car insurance? Your situation is no different than many other North Carolina drivers.
Drivers have so many to pick from, and although it's a good thing to be able to choose, too many choices makes it more difficult to compare rates.
It's important to compare prices once or twice a year since rates are constantly changing. Despite the fact that you may have had the lowest price a year ago you can probably find a better price now. Don't believe everything you read about car insurance on the internet, so I'm going to show you some great ways to quit paying high car insurance rates.
Choosing the best insurance company for you in Faith is easy if you know what you're doing. If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using these techniques. But North Carolina car owners do need to know the methods companies use to compete online because it can help you find the best coverage.
More discounts equal less premium
Car insurance companies don't list all their discounts very clearly, so we researched some of the more common and also the lesser-known car insurance savings.
- New Car Discount - Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
- Payment Method - If you pay your bill all at once instead of making monthly payments you could save up to 5%.
- College Student - Children who are attending college and do not have access to a covered vehicle may be able to be covered for less.
- Bundle and Save - If you insure your home and vehicles with the same insurance company you will save approximately 10% to 15%.
- Theft Prevention System - Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
- Organization Discounts - Belonging to a qualifying organization could qualify you for a break on car insurance.
- Driver Safety - Taking part in a driver safety course could save 5% or more if your company offers it.
Consumers should know that most credits do not apply to the entire cost. Some only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, companies don't profit that way.
To choose companies who offer car insurance discounts in North Carolina, follow this link.
Switch companies and save? Really?
Car insurance companies such as GEICO, State Farm and Progressive continually stream ads in print and on television. They all seem to say the same thing that you'll save big after switching your coverage to them. How does each company make the same claim? It's all in the numbers.
All the different companies can use profiling for the type of customer that makes them money. For instance, a desirable insured could be over the age of 40, has no tickets, and has excellent credit. Any new insured who fits that profile will qualify for the lowest rates and therefore will save when switching.
Drivers who do not match these standards will have to pay a higher premium which usually ends up with business going elsewhere. The ad wording is "customers who switch" not "everyone that quotes" save that much money. That's why companies can make those claims. Because of the profiling, you should compare as many rates as you can. It's just too difficult to predict the company that will have the lowest rates.
More North Carolina car insurance information
More detailed North Carolina car insurance information is located at the North Carolina Department of Insurance website. Consumers can file complaints about an insurance agent or broker, view a list of available companies, read enforcement actions against agents and companies, and view agent and company licensing information.
Other informative sites include Auto Insurance 101 and this page where you can research Faith insurance agents.
Affordable insurance is out there
While you're price shopping online, make sure you don't buy poor coverage just to save money. In many instances, an insured dropped collision coverage and learned later they didn't purchase enough coverage. The ultimate goal is to get the best coverage possible at the best price.
Discount car insurance can be bought from both online companies as well as from independent agents in Faith, and you need to comparison shop both to have the best selection. Some companies don't offer online price quotes and most of the time these small, regional companies sell through independent agents.
