Wake Forest Car Insurance For Less Than You're Paying Now

People who are new to shopping for insurance online may find finding the lowest-priced Wake Forest car insurance is not as easy as it seems.

It's important to price shop coverage periodically because rates are constantly changing. Just because you had the lowest price a couple years back the chances are good that you can find a lower rate today. There is too much inaccurate information about car insurance online but I'm going to show you some great ways to save money.

This information will familiarize you with the best way to quote coverages. If you currently have a car insurance policy, you will be able to cut costs considerably using this strategy. North Carolina vehicle owners just need to know how to shop for car insurance online.

These discounts can lower your rates

Insuring your vehicles can cost a lot, buy you may qualify for discounts that you may not even be aware of. Most are applied at quote time, but a few must be asked about in order for you to get them. If you're not getting every credit you qualify for, you're paying more than you need to.

  • Accident Forgiveness - Certain companies will allow you to have one accident before raising your premiums as long as you don't have any claims for a set time period.
  • Early Signing - Select companies give a discount for switching to them before your current expiration date. This can save 10% or more.
  • Good Student - A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • New Car Discount - Adding a new car to your policy can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Passive Restraints and Air Bags - Factory air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Military Discounts - Being deployed with a military unit could mean lower rates.
  • Life Insurance Discount - Select insurance companies reward you with a discount if you purchase life insurance.
  • No Claims - Good drivers with no accidents pay much less as compared to bad drivers.
  • Theft Prevention Discount - Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.

Consumers should know that some of the credits will not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, companies don't profit that way. But all discounts will bring down the cost of coverage.

To see a list of companies offering car insurance discounts in North Carolina, click here.

Wake Forest Car Insurance Comparisons

Most companies like State Farm, GEICO and Progressive give coverage price quotes on their websites. The process doesn't take a lot of time as you just type in your personal and coverage information as detailed in the form. Once you submit the form, their rating system will obtain information on your driving record and credit history and generates pricing information based on these and other factors.

Being able to quote online makes it a lot easier to compare rates but the time it takes to visit several different sites and type in the same information is monotonous and tiresome. But it's very important to have as many quotes as possible in order to get better car insurance pricing.

The preferred way to compare rates utilizes a single form that gets price quotes from several companies at one time. The form is fast, requires much less work on your part, and makes rate comparisons much more enjoyable and efficient. Immediately after you send the form, your coverage is rated and you can choose any one of the price quotes you receive.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase coverage. This process can be completed in a matter of minutes and may result in a nice savings.

If you want to find out what other companies charge, click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it's recommended you type in your coverages identical to your current policy. This makes sure you will have rate comparison quotes based on the exact same insurance coverage.

Learn How to Buy Car Insurance Cheaper

An important part of buying insurance is that you know the factors that go into determining your car insurance rates. Knowing what controls the rates you pay helps enable you to make changes that may reward you with much lower annual insurance costs.

Listed below are a partial list of the pieces that factor into rates.

  • Are you male or female? - Statistics show that women are safer drivers than men. That doesn't necessarily mean that men are WORSE drivers than women. Both sexes are in accidents in similar numbers, but the males cause more damage. They also get more serious tickets such as reckless driving. Teenage male drivers tend to get in the most accidents and therefore have the most expensive car insurance rates.
  • High performance equals high price - The type of car you own makes a big difference in how high your rates are. The cheapest insurance rates tend to be for economy passenger cars, but the final cost of insurance is determined by many other factors.
  • How's your driving record? - Drivers with clean records tend to pay less for car insurance than bad drivers. Even a single ticket may increase your cost twenty percent or more. Drivers who have serious citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state motor vehicle department in order to continue driving.
  • Mature drivers pay less - Young drivers in North Carolina are statistically proven to be more careless behind the wheel so they pay higher car insurance rates. Having to add a teen driver onto your car insurance can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and get fewer tickets.

Different people need different coverages

When choosing the best car insurance coverage for your vehicles, there isn't really a best way to insure your cars. Every insured's situation is different.

For instance, these questions may help highlight whether you could use an agent's help.

  • Does my policy cover me when driving someone else's vehicle?
  • Does my car insurance cover rental cars?
  • Do I need to file an SR-22 for a DUI in North Carolina?
  • Should I file a claim if it's only slightly more than my deductible?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I have coverage when using my vehicle for my home business?

If you can't answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Are you falling for claims of savings?

Consumers can't get away from ads for cheaper car insurance from companies such as State Farm, GEICO and Progressive. They all seem to have a common claim that you'll save big if you switch your policy.

How does each company make the same claim? This is how they do it.

Insurance companies have a certain "appetite" for the right customer that is profitable for them. For instance, a desirable insured could be over the age of 40, a clean driving record, and drives less than 10,000 miles a year. A customer that hits that "sweet spot" will qualify for the lowest rates and as a result will probably save when switching.

Potential insureds who are not a match for these standards will have to pay more money and this can result in business going elsewhere. The ad wording is "drivers who switch" not "everybody who quotes" save that kind of money. That is how companies can advertise the way they do.

Because of the profiling, drivers must compare many company's rates. Because you never know which company will provide you with the cheapest rates.

In the end, you save

Discount car insurance is available from both online companies in addition to many Wake Forest insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some car insurance companies do not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

We just showed you a lot of techniques to compare car insurance prices online. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the lowest premiums are with a lesser-known regional company.

As you go through the steps to switch your coverage, it's very important that you do not reduce coverage to reduce premium. In many cases, someone dropped collision coverage and learned later that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage for the lowest price.

North Carolina car insurance

Additional North Carolina consumer information

Much more information about car insurance in North Carolina is located on the North Carolina Department of Insurance website. Click here for link. Consumers can learn about insurance regulations, learn about specific coverages, and file complaints about a company.