Truthfully, the best way to find cheaper auto insurance rates in Durham is to begin comparing prices regularly from insurers that insure vehicles in North Carolina. Price quotes can be compared by completing these steps.
First, spend a few minutes and learn about how your policy works and the things you can control to prevent expensive coverage. Many rating factors that cause high rates such as getting speeding tickets and poor credit history can be eliminated by improving your driving habits or financial responsibility. Read the full article for additional tips to get lower rates and find possible discounts that are available.
Second, compare rates 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 independent agents can quote rates for a wide range of companies.
Third, compare the price quotes to your existing rates to see if a cheaper rate is available in Durham. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
One thing to remember is to compare the same liability limits and deductibles on every quote and and to get price estimates from as many companies as you can. This helps ensure the most accurate price comparison and a complete rate analysis.
Unfortunately, most consumers have stayed with the same insurance company for four years or more, and just under half have never compared rate quotes at all. The average driver in North Carolina can cut their rates by nearly $100 a year by just comparing rate quotes, but they don’t want to spend time to compare rate quotes.
When comparison shopping, there are several ways to compare quotes from local Durham auto insurance companies. The simplest method to compare Lexus LX 570 insurance prices consists of obtaining rate quotes online. Keep in mind that quoting more will improve the odds of getting a lower rate.
The companies shown below provide free quotes in Durham, NC. To find cheap auto insurance in Durham, NC, it’s a good idea that you visit two to three different companies to get the lowest price.
Insurance coverage analysis
The data table shown next showcases a range of insurance policy prices for Lexus LX 570 models. Understanding how insurance prices are formulated can be useful when making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $352 | $662 | $250 | $14 | $74 | $1,352 | $113 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in specific Durham garaging location which can affect prices noticeably.
Higher deductibles lower rates
The hardest decision when buying coverage is how high should the deductibles for physical damage be. The comparisons below sum up the rate difference when you buy lower versus higher policy deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $316 | $556 | $250 | $14 | $74 | $1,235 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LX 570 4WD 4-Dr | $258 | $448 | $250 | $14 | $74 | $1,044 | $87 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in Durham which can alter coverage prices greatly.
Based on this data, using a $250 deductible will cost you roughly $16 more each month or $192 annually than quoting the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 16 months between claim filings, you would save money going with the higher deductible.
The illustration below highlights how deductible selection and can change Lexus LX 570 insurance rates for different age groups. Data assumes a married female driver, full coverage, and no discounts are factored in.
Cost comparison with and without full coverage
The example below compares Lexus LX 570 premium costs with and without full coverage. The premium estimates are based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are factored in.
When to switch to liability coverage only
There isn’t a steadfast formula to stop buying physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Lexus LX 570 replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after you pay the deductible. If it’s costing you more than $500 a year for physical damage coverage, then it could be time to drop full coverage.
There are some circumstances where dropping full coverage is not a good idea. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Do you qualify for discounts on Lexus LX 570 insurance in Durham?
Car insurance is not an enjoyable expense, but you might already qualify for some discounts that may help make it more affordable. A few discounts will be applied at the time you complete a quote, but some must be inquired about before they will apply.
- Claim-Free Discount – Durham drivers who stay claim-free can save substantially in comparison with accident-prone drivers.
- Driver Safety – Passing a defensive driver class can save you 5% or more and easily pay for the cost of the class.
- Switch and Save Discount – A few insurance companies allow discounts for switching companies prior to your current LX 570 insurance policy expiring. You can save around 10% with this discount.
- Distant Student Discount – Kids who live away from home at college and do not have a car could get you a discount.
- Early Payment Discounts – By making one initial payment instead of monthly or quarterly installments you can avoid the installment charge.
- Senior Discount – Drivers that qualify as senior citizens can get better car insurance rates.
- Own a Home and Save – Simply owning a home can get you a discount because owning a home is proof that your finances are in order.
- Seat Belt Discounts – Forcing all vehicle occupants to wear their seat belts can save up to 15% off the personal injury premium cost.
- Military Rewards – Being deployed with a military unit can result in better premium rates.
- Drive Safe and Save – Insureds without accidents may receive a discount up to 45% as compared to drivers with claims.
Remember that some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like you could get a free car insurance policy, you won’t be that lucky.
The example below shows the difference between Lexus LX 570 auto insurance costs with and without policy discounts. The premium estimates are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, homeowner, marriage, multi-policy, and claim-free discounts applied.
Auto insurance companies that may offer these discounts may include but are not limited to:
- State Farm
- Liberty Mutual
- American Family
- Progressive
- Farmers Insurance
- Auto-Owners Insurance
- SAFECO
When getting a coverage quote, ask all companies you are considering which discounts you qualify for. A few discounts might not be available to policyholders in Durham. If you would like to choose from a list of insurers who offer cheap Lexus LX 570 insurance quotes in North Carolina, click here.
Three reasons to insure your Lexus vehicle
Despite the high cost of buying insurance for a Lexus LX 570 in Durham, insurance serves an important purpose.
- Almost all states have minimum liability requirements which means the state requires a specific minimum amount of liability insurance coverage 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 you have a lien on your vehicle, almost every bank will make it mandatory that you have insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Lexus for a lot more money and require you to fork over for the expensive policy.
- Insurance safeguards not only your vehicle but also your assets. It will also reimburse you for medical bills for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance are definitely more than the cost, specifically if you ever have a liability claim. Today the average American driver is overpaying more than $869 every year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.
Ratings for Durham auto insurance companies
Ending up with the highest-rated insurance company can be challenging considering how many companies there are to choose from in North Carolina. The rank data shown below can help you select which coverage providers you want to consider when shopping your coverage around.
Top 10 Durham Car Insurance Companies Overall
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Which is the best auto insurance?
When it comes to the best auto insurance coverage, there really is not a single plan that fits everyone. Each situation is unique.
For instance, these questions may help highlight whether or not you could use an agent’s help.
- Can I insure my car for more than it’s worth?
- Do I pay less if my vehicle is kept in my garage?
- Is my Lexus LX 570 covered for flood damage?
- Do I need special endorsements for business use of my vehicle?
- Exactly who is provided coverage by my policy?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Does my car insurance cover rental cars?
If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form.
Auto insurance agents can find coverage gaps
Many drivers would prefer to talk to an insurance agent and that is recommended in a lot of cases A nice benefit of comparing auto insurance online is that you can obtain the best rates and still have a local agent.
To find an agent, once you fill out this simple form, the quote information is immediately sent to insurance agents in Durham who will give you bids for your insurance coverage. You won’t even need to search for any insurance agencies since rate quotes are delivered to you directly. You can find better rates and a licensed agent to talk to. If you wish to get a comparison quote from a specific auto insurance provider, feel free to search and find their rate quote page and fill out the quote form the provide.
Picking the best insurance company needs to be determined by more than just a low price. These are some questions you should get answers to.
- Are they giving you every discount you deserve?
- If you raise deductibles, how much can you save?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Does the agent recommend any additional coverage?
- Has the agent ever had any license suspensions?
What types of car insurance agents are in Durham?
If you want to use a good insurance agency, it’s important to understand the types of insurance agents that you can choose from. Auto insurance agents in Durham are classified as either exclusive agents or independent agents.
Exclusive Auto Insurance Agents
These type of agents work for only one company and examples are State Farm, AAA, and Liberty Mutual. These agents are not able to compare other company’s rates so they have to upsell other benefits. They are trained well in insurance sales and that enables them to sell even at higher rates. Consumers often buy insurance from these agents mostly because of high brand loyalty rather than having low rates.
The following is a short list of exclusive agencies in Durham who may provide you with price quotes.
- Marty Lindsey – State Farm Insurance Agent
1852 Hillandale Rd – Durham, NC 27705 – (919) 479-9671 – View Map - NC Farm Bureau Insurance
2902 S Miami Blvd Ste A – Durham, NC 27703 – (919) 544-4953 – View Map - Allstate Insurance Agent: Caufield Agency
4845 Industry Ln Ste D – Durham, NC 27713 – (919) 493-7471 – View Map
Independent Insurance Agents
Agents that elect to be independent do not work for one specific company and that enables them to quote your coverage with many different companies and help determine which has the cheapest rates. To move your coverage to a new company, they can switch companies in-house and you can keep the same agent.
When shopping rates, we recommend you check rates from a few independent agents to get the best comparison. Most also have access to smaller companies that may provide cheaper auto insurance rates.
The following is a list of independent insurance agencies in Durham willing to provide rate quotes.
- Triangle Insurance Alliance
2530 Meridian Pkwy #300 – Durham, NC 27713 – (919) 322-3640 – View Map - Knox Insurance Agency
200 Meredith Dr Suite 104 – Durham, NC 27713 – (919) 313-6411 – View Map - Superior Insurance Durham North
3808 Guess Rd Suite J – Durham, NC 27705 – (919) 973-1507 – View Map
After talking to the agent and getting reasonable responses and a good coverage price, it’s possible that you found an auto insurance agent that meets the requirements to insure your vehicles.