Cheapest Car Insurance for Nurses in West Virginia

We all have different tastes in cars, and the vehicle you are trying to insure is one of the biggest factors when shopping for the cheapest auto insurance for nurses in West Virginia. Vehicles with higher performance, poor safety ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models. The information below showcases auto insurance premiums for a selection of the more afforable vehicles to insure.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can influence insurance rates noticeably.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate information does not factor in your specific West Virginia location which can modify premium rates substantially.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and West Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in your specific West Virginia location which can decrease or increase prices considerably.

One of the more important considerations that is used by insurance companies to determine the amount you pay for auto insurance is where you choose to live. Areas with increased crime or more people like Bluefield, Beckley, and Cross Lanes are more likely to pay higher prices, whereas less populated areas have the luxury of lower rates.

The following table ranks the priciest cities in West Virginia for nurses to buy an auto insurance policy in.

Rate quotes are approximated as the specific garaging location can affect rates substantially.

Liability-only versus full coverage

Finding the cheapest auto insurance for nurses in West Virginia is the goal of the majority of drivers, and one good way to buy cheaper insurance is to buy liability only. The illustration below shows the comparison of auto insurance rates with liability coverage only compared to full coverage. The premium estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied.

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As an overall average, comp and collision coverage costs $2,343 per year more than just insuring for liability. At some point, almost every driver questions if it’s a good idea to buy full coverage. There isn’t a steadfast formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s claim settlement value is $9,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,500 after the policy deductible has been paid. If it’s costing you more than $850 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Which car insurance company is best?

When it comes to buying car insurance for health professionals, the top insurers to get price quotes from are Allstate, Geico, Progressive, and State Farm. When combined, they have almost 50% of all auto insurance written. All of them offer liability and physical damage protection, but each on has slightly different coverage options that may influence your buying decision. The following table points out some of the different options and features that policyholders can buy.

Cheapest insurance quotes for health professionals

Thanks to technology, there are a lot of ways to find affordable auto insurance in West Virginia, but the most preferred ways are from an independent agent, an exclusive insurance agency like State Farm or Liberty Mutual, or direct from companies such as Progressive or Geico.

They all have the same basic principle, but each is different in how they provide rate quotes.

Independent agents are appointed by several companies and can get rate quotes from all of them. These agents are not employed by one specific company and can provide multiple price quotes, which may give you a better overall rate comparison. If the agent locates a cheaper price, your agent can just switch to a different company which requires no work on your part.

An agent who is captive is only able to quote rates with one insurance company, two examples are a Farmers or Allstate agent. These agents usually cannot provide other companys’ prices, so if finding the cheapest auto insurance is your goal, you will want to shop around.

The third popular method of shopping for auto insurance is direct, which means you forego the middleman (the agent) and instead buy direct either online or via phone. Shopping for auto insurance direct can be a good choice for families who have little risk and understand how auto insurance works and possible exclusions.

So which way is best for finding the cheapest auto insurance for nurses in West Virginia? The majority of people assume that buying from a direct company saves money because there is no agent involved, but unfortunately, that is not always true. We could also assume that buying from an independent agent results in the cheapest rates because they can shop around, but again, that’s not a true statement. And often times, exclusive agencies have coverage prices that are well below what direct and independents offer.

Because there are so many factors that make up auto insurance rates, the only true way to ensure you are not overpaying for auto insurance is to obtain price quotes and compare them. Industry experts recommend getting quotes from all three to have a good selection of rates to choose from. To see some of the cheapest online companies available, click here to view.