Car Insurance in Graham - 10 Discounts You Might be Losing Out On

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me, many consumers are feeling buyer's remorse and feel like there's no way out.

There is such a variety of to buy insurance from, and although it's a good thing to have multiple companies, so many choices can make it hard to compare rates.

It's important to get comparison quotes every six months since rates are constantly changing. Even if you got the best rates a few years ago you will most likely find a better rate today. There is a lot of bad information regarding car insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

More discounts equal less premium

Insuring your vehicles can cost a lot, but companies offer discounts that many people don't even know exist. Some discounts apply automatically at the time of quoting, but some may not be applied and must be manually applied before you will receive the discount.

  • Sign Online - Certain companies will give a small break just for signing your application over the internet.
  • Multi-car Discount - Having more than one vehicle on one policy could earn a price break for each car.
  • Anti-theft Discount - Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • No Charge for an Accident - Certain companies permit an accident before your rates go up as long as you don't have any claims prior to the accident.
  • Bundle and Save - If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • No Claims - Drivers with accident-free driving histories pay less as compared to drivers who are more careless.
  • Military Discounts - Being on active duty in the military could mean lower rates.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Air Bag Discount - Factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
  • Payment Discounts - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.

Keep in mind that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, it just doesn't work that way. But any discount will bring down your premiums.

Switch companies and save? Really?

Car insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads in print and on television. They all seem to make an identical promise that you can save if you switch your policy. How does each company make the same claim?

All companies are able to cherry pick for the right customer that earns them a profit. A good example of a desirable insured could be over the age of 50, has no driving citations, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will get very good rates and therefore will save when switching.

Potential insureds who do not match these standards will have to pay more money and ends up with business going elsewhere. The ads say "people who switch" not "everyone that quotes" save that kind of money. That's the way insurance companies can advertise the way they do.

Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.

Learn more about North Carolina car insurance

More information can be read on the website for the North Carolina Department of Insurance through this link. Consumers can get help finding coverage, report car insurance fraud, read consumer alerts, and learn about insurance regulations.

Do the work, save more money

Affordable car insurance can be found from both online companies in addition to many Graham insurance agents, and you should be comparing both to have the best chance of lowering rates. Some car insurance companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

When shopping online for car insurance, never buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at an affordable rate.