Smart shoppers know that auto insurance companies don’t want you shop around. Insureds who compare other rates will probably switch to a new company because there is a great chance of finding more affordable rates. A recent survey revealed that people who did price comparisons regularly saved an average of $72 a month compared to drivers who never shopped around for lower prices.
If finding discount rates on Dodge Magnum insurance is your ultimate goal, then learning about how to shop for insurance can save time and make the process easier.
The preferred way to find more affordable Dodge Magnum insurance is to regularly compare price quotes from insurance carriers in Durham. Rates can be compared by following these guidelines.
- Get an understanding of the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many things that result in higher rates such as traffic violations, accidents, and poor credit rating can be controlled by making small lifestyle or driving habit changes. Continue reading for additional ideas to get cheaper rates and find discounts that you may qualify for.
- Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.
- Compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you find a better price and decide to switch, make sure there is no lapse in coverage.
The most important part of shopping around is that you use identical deductibles and limits on every price quote and to quote with every insurance company. This provides an apples-to-apples comparison and a complete selection of prices.
Locating the most cost-effective car insurance policy in Durham is quite easy if you know the best way to do it. If you have coverage now, you will be able to shop for the lowest rates using the tips covered below. Although North Carolina consumers do need to know how companies determine what you pay and apply this information to your search.
How to buy Dodge Magnum insurance in Durham
When comparison shopping, quoting more helps you find more affordable rates.
The car insurance companies shown below can provide price quotes in North Carolina. If you want to find the best cheap auto insurance in NC, we suggest you compare several of them in order to get a fair rate comparison.
Discounts for cheap car insurance rates
Car insurance is not an enjoyable expense, but you can get discounts that may help make it more affordable. Some trigger automatically when you complete an application, but some must be specifically requested before being credited.
- Telematics Devices – Insureds that choose to allow their company to study their driving habits by installing a telematics device like Allstate’s Drivewise could possibly reduce rates if they show good driving skills.
- Drive Less and Save – Fewer annual miles on your Dodge could earn slightly better rates than normal.
- ABS Braking Discount – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
- Federal Government Employee – Active or former government employment could cut as much as 10% off depending on your company.
- Professional Organizations – Joining a civic or occupational organization in Durham may earn a discount on your bill.
- Paperless Signup – Certain insurance companies will give a small break for buying your policy digitally online.
- Cautious Driver Discounts – Drivers who don’t get into accidents can pay as much as 50% less than drivers with accident claims.
- Military Rewards – Being on active deployment in the military could qualify you for better prices.
- Pay Early and Save – If you pay your bill all at once instead of monthly or quarterly installments you may have a lower total premium amount.
- Multiple Policy Discount – If you combine your home and auto policies and insure them with the same company you may save at least 10% off all policies.
While discounts sound great, it’s important to understand that most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you could get a free car insurance policy, company stockholders wouldn’t be very happy. But any discount will help reduce your premiums.
Some companies that may include many of the previously listed discounts are:
It’s a good idea to ask every prospective company which discounts they offer. Discounts may not apply to policyholders everywhere. To see companies who offer discounts in Durham, click here.
Auto insurance in North Carolina serves several purposes
Even though Durham Magnum insurance rates can get expensive, insuring your vehicle serves a purpose in several ways.
First, most states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability insurance in order to drive the car legally. 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.
Second, if your vehicle has a loan, it’s most likely the lender will have a requirement that you have full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank or lender will purchase a policy for your Dodge at a significantly higher premium and force you to pay for the much more expensive policy.
Third, auto insurance protects not only your vehicle but also your assets. It will also cover hospital and medical expenses incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses 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 carrying adequate insurance more than cancel out the cost, especially with large liability claims. According to a 2015 survey, the average American driver overpays as much as $865 each year so it’s recommended you shop around each time the policy renews to be sure current rates are still competitive.
How do I know if I need professional advice?
When selecting coverage, there really is no best way to insure your cars. Your needs are unique to you.
For instance, these questions might point out whether you might need professional guidance.
- What is high-risk coverage and where do I buy it?
- Do I need added coverage for expensive stereo equipment?
- How high should my uninsured/underinsured coverage be in North Carolina?
- Can I drive in Mexico and have coverage?
- Do I benefit by insuring my home with the same company?
- Why do I need rental car insurance?
- Is my Dodge Magnum covered if I use it for business?
- Can I make deliveries for my home business?
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, complete this form.
What if I want to buy from local Durham insurance agencies?
A small number of people would rather visit with an insurance agent and that is not a bad decision One of the great benefits of price shopping on the web is the fact that drivers can get the lowest rates and still have an agent to talk to.
After filling out this simple form, your insurance coverage information is submitted to insurance agents in Durham who will give competitive quotes to get your business. It’s much easier because you don’t need to visit any agencies because quoted prices will be sent to the email address you provide. You’ll get the best rates without a big time investment. If you wish to quote rates from a specific auto insurance provider, don’t hesitate to go to their quote page to submit a rate quote request.
Finding the right insurer shouldn’t rely on just a cheap quote. These are some valid questions you should ask.
- Is the agency covered by Errors and Omissions coverage?
- Will the agent help in case of a claim?
- Which companies can they place coverage with?
- How will an accident affect your rates?
- Does the company have a solid financial rating?
- Are they in the agency full-time?