Cheap Insurance for a Chevy Avalanche in Durham

Are you doing reasearch to find the cheapest Chevy Avalanche insurance in Durham? I can’t think of a single person who likes paying for auto insurance, especially when they know they could find lower prices if they just compared rates.

Astonishing but true, the majority of drivers have remained with the same auto insurance company for a minimum of four years, and nearly the majority have never even compared rates from other companies. With the average auto insurance premium being $1,847, American drivers could save 46.5% every year just by getting comparison quotes, but they won’t spend time to compare rates and save money. Lots of auto insurance companies contend for your business, and because of this it can be hard to compare insurance companies to get the best rate on Chevy Avalanche insurance in Durham.

The method we recommend to compare insurance rates in your area is to know almost all companies have advanced systems to provide you with a free rate quote. To begin a comparison, all you need to do is provide the companies a bit of rating information including whether the vehicles are used for commuting, if you went to college, if your license is active, and your occupation. That rating information is instantly submitted to many of the top insurers and they provide comparison quotes immediately.

To check rates for your car now, click here and see if a lower rate is available in Durham.

The companies in the list below offer price quotes in North Carolina. In order to find cheaper auto insurance in North Carolina, we recommend you get prices from several of them to get the best price comparison.

Why you need car insurance

Despite the fact that car insurance is not cheap in Durham, paying for car insurance may be required and benefits you in several ways.

• The majority of states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability protection in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Chevy has a lienholder, most lenders will make it a condition of the loan that you have full coverage to guarantee loan repayment. If the policy lapses, the bank may buy a policy for your Chevy at a more expensive rate and force you to reimburse them for the expensive policy.
• Insurance protects not only your Chevy Avalanche but also your assets. It will also reimburse you for medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of having car insurance more than cancel out the cost, especially with large liability claims. The average driver in America overpays more than $800 each year so smart consumers compare quotes at least once a year to be sure current rates are still competitive.

Data for Chevy Avalanche insurance

The coverage table shown below covers different rate quotes for Chevy Avalanche models. Having a better understanding of how insurance premiums are established helps drivers make informed decisions when comparing rates.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Table data does not factor in Durham location which can alter price quotes greatly.

Auto insurance deductibles

One common question asked by Durham drivers is how high should the physical damage deductibles be. The figures shown below approximate the costs and benefits between high and low coverage deductibles. The first data table uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can decrease or increase premium rates significantly.

We can estimate from the data above that using a $250 deductible could cost the average driver approximately $20 more each month or $240 each year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 38 months between claim filings, you would probably save some money if you opt for a higher deductible. Here’s the way you can make your own decision.

One important caveat is that increasing deductibles to save money results in more money out-of-pocket when you have a physical damage claim. You need to have some extra funds in the event you need to pay the deductible.

The information below demonstrates how deductibles and can raise or lower Chevy Avalanche insurance rates for each different age group. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Cautious Durham drivers save money

The example below shows how violations and fender-benders can raise Chevy Avalanche yearly insurance costs for different age groups. The rate quotes are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Auto insurance premiums based on gender

The diagram below illustrates the comparison of Chevy Avalanche insurance rates for male and female drivers. The prices are based on no claims or driving violations, comp and collision included, $100 deductibles, single status, and no other discounts are factored in.

How much more does full coverage cost in Durham?

The chart below visualizes the comparison of Chevy Avalanche annual premium costs with liability coverage only compared to full coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.

When to drop comp and collision

There isn’t a written rule to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Chevy Avalanche replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it’s costing you more than $400 annually for full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Insurance discounts are available for cheaper rates

Insurance is not inexpensive, but there could be available discounts that many people don’t even know exist. Most are applied when you quote, but a few need to be specially asked for before they will apply.

• Safe Driver Discounts – Drivers who don’t get into accidents may save up to 50% more than their less cautious counterparts.
• Pay Now and Pay Less – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
• Telematics Discount – Insureds that choose to allow their insurance company to monitor where and when they drive remotely such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they are good drivers.
• Theft Prevention System – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will save you 10% or more on Avalanche insurance in Durham.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off PIP or medical payments premium.
• Distant Student – Kids who attend college more than 100 miles from Durham and leave their car at home could qualify for this discount.
• 55 and Retired – Seniors can possibly qualify for lower premium rates.
• Multi-policy Discount – If you can bundle your auto and homeowners insurance with the same company you could get a discount of approximately 10% to 15%.

A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think all the discounts add up to a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down the amount you have to pay.

The illustration below illustrates the comparison of Chevy Avalanche insurance premiums with and without discounts being applied to the rates. The rates are based on a female driver, no violations or accidents, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, homeowner, and marriage discounts applied.

A list of insurance companies and their possible discounts are outlined below.

• GEICO offers premium reductions for federal employee, anti-lock brakes, seat belt use, emergency military deployment, daytime running lights, air bags, and multi-vehicle.
• MetLife policyholders can earn discounts including good student, accident-free, defensive driver, claim-free, good driver, multi-policy
• State Farm offers discounts including anti-theft, student away at school, defensive driving training, multiple policy, accident-free, and safe vehicle.
• Progressive may have discounts that include multi-policy, continuous coverage, good student, online signing, and homeowner.
• Mercury Insurance has savings for location of vehicle, type of vehicle, multi-car, accident-free, ease of repair, multi-policy, and professional/association.
• 21st Century may include discounts for 55 and older, homeowners, student driver, teen driver, and defensive driver.
• Allstate includes discounts for anti-theft, farm vehicle, resident student, EZ pay plan discount, and safe driver.

Double check with all the companies which discounts you qualify for. Some discounts listed above may not apply in Durham. For a list of insurers with discount insurance rates in Durham, click here.

Compare rate quotes but work with a local Durham insurance agency

A small number of people just want to talk to an insurance agent and doing so can bring peace of mind Professional insurance agents can answer important questions and help in the event of a claim. One of the best bonuses of comparing car insurance online is you may find the lowest rates and still buy from a local agent.

By using this form (opens in new window), your information is transmitted to local insurance agents in Durham who want to provide quotes for your business. You never need to search for any insurance agencies due to the fact that quote results will go immediately to your email address. If you need to get a rate quote from a specific insurance company, feel free to find their quoting web page to submit a rate quote request.

Deciding on an insurance company should include more criteria than just the bottom line cost. These are some questions you should get answers to.

• Do they get extra compensation for selling add-on coverages?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Does their agency support local causes in Durham?
• Do they specialize in personal lines auto insurance in Durham?
• What are their preferred companies if they are an independent agency?
• Is insurance their full-time profession?
• Will the quote change when the policy is issued?

If you need to find a reputable insurance agent or broker, it’s helpful to know the different agency structures and how they differ in how they can insure your vehicles. Car insurance agents in Durham are categorized either independent agents or exclusive agents. Either one can write policy coverage, but it’s important to know the subtle differences since it can affect your selection of an agent.

Exclusive Car Insurance Agents

Agents in the exclusive channel can only place business with one company like Allstate, State Farm and Farm Bureau. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents are well schooled in insurance sales which helps offset the inability to provide other markets.

Listed below are Durham exclusive agencies who can help you get comparison quotes.

More insurance agents

Independent Car Insurance Agents

Agents in the independent channel are not locked into one company and that allows them to write policies through many companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they can switch companies in-house and you stay with the same agent. If you are comparing rate quotes, you definitely need to get several quotes from several independent agencies to maximize your price options.

Listed below are Durham independent agents willing to provide comparison quotes.

More insurance agents

Keep this in mind when shopping around

Cost effective Chevy Avalanche insurance is possible both online and also from your neighborhood Durham agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide the ability to get quotes online and most of the time these regional insurance providers work with local independent agencies.

When shopping online for insurance, it’s not a good idea to buy poor coverage just to save money. There are too many instances where someone sacrificed full coverage and learned later that it was a big error on their part. The aim is to buy enough coverage at a price you can afford while not skimping on critical coverages.

In this article, we covered many tips how you can reduce Chevy Avalanche insurance premium rates online in Durham. It’s most important to understand that the more companies you get prices for, the higher the chance of saving money. Consumers may even find the biggest savings come from a lesser-known regional company. Regional companies can often provide lower prices in certain areas than their larger competitors like Allstate and Progressive.

Steps to finding more affordable Chevy Avalanche insurance in Durham

If you want to save the most money, the best way to get budget Chevy Avalanche insurance in Durham is to compare prices regularly from insurance carriers that insure vehicles in North Carolina.

• Step 1: Try to learn a little about the different coverages in a policy and the things you can control to lower rates. Many rating criteria that increase rates like traffic violations, accidents, and poor credit rating can be remedied by making minor changes to your lifestyle.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for a wide range of companies.
• Step 3: Compare the quotes to your existing rates and see if you can save money. If you can save some money and decide to switch, ensure there is no coverage lapse between policies.
• Step 4: Provide notification to your current agent or company of your intent to cancel your current car insurance policy. Submit a completed application and payment to your new company or agent. As soon as you have the new policy, keep the new certificate verifying coverage along with the vehicle’s registration papers.

A good piece of advice is that you use similar deductibles and liability limits on each quote request and and to compare as many auto insurance providers as possible. This helps ensure a fair rate comparison and a good representation of prices.

More information can be found on the following sites:

• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Who Has Cheap Auto Insurance for Good Students in Durham? (FAQ)
• How Much is Durham Car Insurance for Teenage Females? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Unemployed Drivers in Durham? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a Ford Escape in Durham? (FAQ)
• Who Has the Cheapest Durham Auto Insurance Quotes for College Students? (FAQ)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Teen Driver Statistics (Insurance Information Institute)
• Understanding Limits and Deductibles (Allstate)