Would you prefer to buy the cheapest Dodge Dakota insurance in Durham? Nobody I know gets a kick out of paying for insurance, in particular when it costs too dang much.
A study showed that the vast majority of consumers have stayed with the same insurance company for more than four years, and virtually 40% of consumers have never quoted rates to find affordable coverage. The average driver in North Carolina could save themselves about $100 a year, but they assume it’s a waste of time to find affordable insurance by shopping around. Insurance companies such as Progressive, GEICO and Farmers Insurance persitently shower you with ad campaigns and consumers find it hard to ignore the propaganda and take the time to shop coverage around.
You should take the time to compare premium rates quite often since insurance prices are variable and change quite frequently. Just because you had the best deal on Dodge Dakota insurance in Durham a few years ago there may be better deals available now. Block out anything you think you know about insurance because we’re going to demonstrate one of the quickest ways to buy cheaper Dodge Dakota insurance in Durham.
Auto insurance data for a Dodge Dakota
The data table displayed below covers different insurance costs for Dodge Dakota models. Having a good grasp of how insurance quotes are figured can help you make smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Dakota ST Ext Cab 2WD | $90 | $200 | $326 | $20 | $98 | $734 | $61 |
| Dakota Bighorn Ext Cab 2WD | $90 | $200 | $326 | $20 | $98 | $734 | $61 |
| Dakota Lonestar Ext Cab 2WD | $102 | $200 | $326 | $20 | $98 | $746 | $62 |
| Dakota ST Crew Cab 2WD | $102 | $200 | $326 | $20 | $98 | $746 | $62 |
| Dakota Bighorn Crew Cab 2WD | $102 | $236 | $326 | $20 | $98 | $782 | $65 |
| Dakota Lonestar Crew Cab 2WD | $102 | $236 | $326 | $20 | $98 | $782 | $65 |
| Dakota Bighorn Ext Cab 4WD | $116 | $200 | $262 | $16 | $78 | $672 | $56 |
| Dakota ST Ext Cab 4WD | $116 | $200 | $262 | $16 | $78 | $672 | $56 |
| Dakota Laramie Crew Cab 2WD | $116 | $236 | $326 | $20 | $98 | $796 | $66 |
| Dakota ST Crew Cab 4WD | $116 | $200 | $262 | $16 | $78 | $672 | $56 |
| Dakota Lonestar Ext Cab 4WD | $116 | $200 | $262 | $16 | $78 | $672 | $56 |
| Dakota Bighorn Crew Cab 4WD | $116 | $200 | $262 | $16 | $78 | $672 | $56 |
| Dakota TRX Crew Cab 4WD | $116 | $236 | $262 | $16 | $78 | $708 | $59 |
| Dakota TRX Crew Cab 4WD | $116 | $236 | $262 | $16 | $78 | $708 | $59 |
| Dakota Lonestar Crew Cab 4WD | $116 | $236 | $262 | $16 | $78 | $708 | $59 |
| Dakota Laramie Crew Cab 4WD | $128 | $236 | $262 | $16 | $78 | $720 | $60 |
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific location which can affect premiums considerably.
Auto insurance rates based on gender
The information below shows the comparison of Dodge Dakota annual premium costs for male and female drivers. The premium estimates are based on no accidents or driving violations, full coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Cost difference between full coverage and liability
The illustration below illustrates the difference between Dodge Dakota insurance premiums with liability coverage only compared to full coverage. The data assumes no violations or accidents, $250 deductibles, single marital status, and no discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no specific rule for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Dodge Dakota book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after you pay the deductible. If you are currently paying more than $200 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
Eight Tips to Get Cheap Durham Insurance Costs
A large part of saving on car insurance is knowing the rating factors that are used to determine the rates you pay for car insurance. If you have some idea of what determines premiums, this allows you to make educated decisions that can earn you big savings. Many factors are used when you get your auto insurance bill. Some factors are common sense such as your driving record, but some are more obscure like your vehicle usage or how financially stable you are.
The itemized list below are some of the major factors car insurance companies consider when setting rates.
Low stress vocation equals lower prices – Did you know your job can affect your rates? Careers such as lawyers, social workers, and accountants have higher rates than the rest of us attributed to intense work-related stress and lengthy work days. On the flip side, careers such as farmers, athletes and retirees receive lower rates.
Continuous car insurance coverage saves money – Not having insurance is illegal and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. Not only will rates go up, getting caught without coverage might get you a revoked license or a big fine. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the North Carolina department of motor vehicles.
Save money with higher physical damage deductibles – Protection for physical damage, also called comprehensive and collision insurance, covers your vehicle from damage. Examples of some claims that would be covered would be a broken windshield, flood damage, and burglary. The deductibles you choose are how much you are required to pay if a covered claim is submitted. The more the insured has to pay upfront, the lower your rates will be.
How many coverages with the same company – Some insurers will award better rates to insureds who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be ten percent or more. If you currently are using one company, it’s still a good idea to compare other company rates to verify if the discount is saving money. You may still find a better deal by splitting coverages up.
Teen drivers pay high rates – Older drivers are shown to be more cautious, statistically cause fewer accidents, and receive fewer citations. Young drivers are proven to be careless and easily distracted when at the wheel of a vehicle therefore car insurance rates are much higher.
The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
Incidental coverages can add up – There are quite a few additional extra coverages that can add up if you aren’t careful. Coverage for things like rental car reimbursement, accident forgiveness, and Farm Bureau memberships may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but now you might not need them so remove them from your policy.
Save money with alarm systems – Choosing to buy a car with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms help track and prevent car theft.
Fast cars cost more to insure – The performance of the car or truck you drive makes a significant difference in the rate you pay. Smaller low performance passenger models usually have the lowest rates, but there are many factors that impact the final cost.
The chart below is based on a single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It illustrates Dodge Dakota policy rates compared to other vehicles that have a range of performance risks.
Cheaper auto insurance is a realistic goal
Some insurance companies don’t offer online price quotes and these small, regional companies provide coverage only through local independent agencies. Lower-priced auto insurance in Durham can be purchased both online in addition to local insurance agencies, so compare prices from both so you have a total pricing picture.
When getting Durham auto insurance quotes online, make sure you don’t buy poor coverage just to save money. In many instances, someone dropped liability limits or collision coverage and learned later that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.
Steps to finding the cheapest rates for Dodge Dakota insurance in Durham
It takes a few minutes, but the best way to get affordable auto insurance rates in Durham is to make a habit of comparing prices annually from insurance carriers in North Carolina. This can be done by completing these steps.
First, it will benefit you to learn about how insurance works and the things you can control to keep rates in check. Many things that result in higher prices like distracted driving and a substandard credit history can be eliminated by paying attention to minor details.
Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while independent agencies can provide rate quotes from multiple companies. View rates
Third, compare the price quotes to your current policy premium to determine if you can save on Dakota insurance in Durham. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, provide adequate notice to your current company of your intent to cancel your current coverage. Submit payment along with a signed and completed policy application to the newly selected company. Immediately store the proof of insurance certificate in an easily accessible location in your vehicle.
An important bit of advice to remember is that you use the same physical damage deductibles and liability limits on every quote request and and to get rates from all possible companies. Doing this guarantees a fair price comparison and the best price quote selection.
Additional information can be found on the following sites:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Good Drivers in Durham? (FAQ)
- What Car Insurance is Cheapest for Government Employees in Durham? (FAQ)
- What Car Insurance is Cheapest for a Learners Permit in Durham? (FAQ)
- Who Has Affordable Durham Car Insurance for a Toyota Corolla? (FAQ)
- Who Has Affordable Auto Insurance Rates for Safe Drivers in Durham? (FAQ)
- How Much are Auto Insurance Rates for a Nissan Rogue in Durham? (FAQ)
- Who Has the Cheapest Durham Auto Insurance Quotes for College Students? (FAQ)
- Child Safety FAQ (iihs.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What is Full Coverage? (Allstate)