Price shopping your Buick LaCrosse insurance in Durham can be hard for people who are new to comparing prices online. People have so many different companies and agents to choose from that it can easily be a real hassle to find the best premium rates.
A recent auto insurance study discovered that nearly 70% of North Carolina drivers have remained with the same auto insurance company for at least four years, and virtually 40% of consumers have never quoted rates to find affordable coverage. American consumers could save 46.5% a year just by getting comparison quotes, but they don’t know how much they could save if they just switched companies.
Insurance statistics for a Buick LaCrosse
The information shown below highlights detailed analysis of insurance premium costs for Buick LaCrosse models. Knowing how premiums are calculated helps drivers make smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lacrosse CXL AWD||$202||$308||$278||$16||$84||$888||$74|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Estimates do not factor in Durham location which can alter auto insurance rates noticeably.
The illustration below highlights how deductible choice and can increase or decrease Buick LaCrosse insurance costs for different age categories. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied.
Cost difference between full coverage and liability
The chart below illustrates the comparison of Buick LaCrosse auto insurance costs with full physical damage coverage and with liability coverage only. The data assumes no violations or claims, $250 deductibles, single marital status, and no discounts are applied to the premium.
When to eliminate full coverage
There is no exact formula that works best for making the decision to drop physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s pretend your Buick LaCrosse claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,000 after you pay the deductible. If premiums are more than $300 annually to have full coverage, then it might be time to buy liability only.
There are some conditions where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.
What Determines Buick LaCrosse Insurance Costs?
Part of the car insurance buying process is learning the factors that help determine your policy premiums. If you have a feel for what determines base rates, this allows you to make good choices that will entitle you to big savings. Multiple criteria are used when you quote your car insurance policy. Some are pretty understandable like your driving record, but others are not quite as obvious such as whether you are married or your vehicle rating.
The items below are some of the items car insurance companies consider when setting rates.
Save money with excellent credit – Credit score is a big factor in determining what you pay for car insurance. If your credit score is low, you may save money insuring your Buick LaCrosse if you improve your credit rating. Drivers with very good credit scores tend to be less risk to insure than drivers who have lower ratings.
Never go without car insurance – Not maintaining insurance can get your license suspended and companies may charge more for letting your insurance lapse. And not only will your rates increase, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license. You could then be forced to file a SR-22 with the North Carolina department of motor vehicles.
Cautious drivers have lower prices – Having a single driving citation can increase the cost of insurance by twenty percent. Good drivers have lower premiums than bad drivers. Drivers who have multiple citations like reckless driving or DUI may be required to prove financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.
The diagram below demonstrates how speeding tickets and accidents can influence Buick LaCrosse insurance rates for each age group. The premium estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
Gender is a factor – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, don’t assume that women are better drivers. Women and men cause auto accidents at a similar rate, but males tend to have more serious accidents. Men also get higher numbers of serious violations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
The information below compares Buick LaCrosse auto insurance rates for male and female drivers. The prices are based on a clean driving record, no claims, full coverage, $100 deductibles, single status, and no additional discounts are factored in.
Single vs. married – Getting married may cut your premiums on your car insurance bill. Having a significant other is viewed as being more mature than a single person and insurance companies like that married drivers tend to file fewer claims.
No policy claims equals better rates – If you tend to file frequent claims, you can definitely plan on higher rates. Car insurance companies in North Carolina give discounts to insureds who do not file claims often. Insurance coverage is intended for claims that pose a financial burden.
Insurance loss statistics a Buick LaCrosse – Insurance companies analyze claim trends for every vehicle to help calculate a profitable premium price. Vehicles that the data determines to have higher claim frequency or loss amount will cost more for specific coverages.
The table shown below demonstrates the insurance loss data for Buick LaCrosse vehicles. For each type of coverage, the statistical loss for all vehicles, as a total average, is represented as 100. Values that are below 100 indicate better than average losses, while values over 100 indicate frequent claims or statistically larger losses.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick LaCrosse 2WD||96||85||93||100||109||92|
|Buick LaCrosse 4WD||101||92||113|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Smart consumers save more
When buying insurance coverage, make sure you don’t reduce needed coverages to save money. There have been many situations where an insured dropped liability limits or collision coverage only to discover later that it was a big mistake. The proper strategy is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.
Some insurance providers may not have the ability to get a quote online and these small, regional companies sell through independent insurance agents. Cost effective Buick LaCrosse insurance can be bought from both online companies and with local Durham insurance agents, so compare prices from both to have the best rate selection.
How to find cheaper Buick LaCrosse insurance in Durham
It takes a few minutes, but the best way to find low-cost prices for car insurance rates is to compare quotes annually from providers who can sell car insurance in Durham. Prices can be compared by following these steps.
- Read and learn about how insurance works and the things you can change to keep rates down. Many rating criteria that result in higher rates such as high-risk driving behaviors and bad credit can be eliminated by making minor changes in your lifestyle.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can quote rates for a wide range of insurance providers.
- Compare the new quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Give notification to your current company of your decision to cancel your existing policy and submit payment along with a signed and completed policy application to the new company. Don’t forget to place your new certificate of insurance above your visor, in the console, or in the glove compartment.
A key point to remember is to compare similar deductibles and liability limits on every quote and to quote with every company you can. Doing this enables an apples-to-apples comparison and the most accurate and complete price analysis.
Much more information about car insurance in North Carolina can be found at the links below
- Car Insurance: When not to Skimp (BankRate.com)
- Who Has Cheap Durham Auto Insurance Rates for High Risk Drivers? (FAQ)
- Who Has the Cheapest Car Insurance for Lyft Drivers in Durham? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Alcohol Impaired Driving FAQ (iihs.org)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Winter Driving (Insurance Information Institute)