Affordable Rates for Nissan cube Insurance in Durham

Insurance quote for Nissan cube in DurhamAre you researching more affordable Nissan cube insurance in Durham? Overwhelmed by the dozens of auto insurance companies in Durham? You have so many choices that it is hard work to find the perfect company for you. Everyone knows Durham is a wonderful place to live, but high auto insurance premiums can make it hard for many residents to afford good insurance coverage.

Anyone knows that auto insurance companies don’t want you comparing rates. People who get price comparisons are likely to switch to a new company because the odds are good of finding a lower rate. A recent survey revealed that consumers who shopped around every year saved an average of $865 a year as compared to drivers who never shopped around for lower prices.

If finding the lowest rates on insurance is why you’re reading this, then having a good understanding how to get price quotes and compare coverages can save time and money.

Comparison shopping for the most affordable coverage in Durham is simple if you know the tricks. Essentially everyone who compares rates for insurance will find a cheaper policy. Although North Carolina car owners must understand the methods companies use to set your policy premium.

Discounts for cheaper car insurance quotes

Car insurance companies don’t list every policy discount in an easy-to-find place, so we break down a few of the more common as well as the least known discounts you could be receiving when you buy Durham car insurance online.

While discounts sound great, it’s important to understand that most discounts do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way. Any qualifying discounts will help reduce the amount you pay for coverage.

The information below compares Nissan cube car insurance rates with and without some available policy discounts. The price estimates are based on a male driver, no violations or accidents, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, homeowner, multi-car, and marriage discounts applied.

A partial list of companies that may include these benefits are:

When getting a coverage quote, ask every prospective company which credits you are entitled to. All car insurance discounts might not be available to policyholders in Durham.

Where can I get the cheapest Durham Nissan cube insurance?

Most major insurance companies give price estimates online. This process is quite easy as you just enter your personal and coverage information as requested by the quote form. Upon sending the form, their system pulls your credit score and driving record and generates a price determined by many factors.

This simplifies rate comparisons, and it is imperative to perform this step in order to get the cheapest price on car insurance.

To quickly find out if lower rates are available, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you enter the coverages as close as possible to your current policy. This makes sure you will have rate quotes based on the exact same insurance coverage.

The auto insurance companies shown below can provide price comparisons in Durham, NC. If you want to find cheap auto insurance in NC, it’s highly recommended you visit several of them to find the lowest auto insurance rates.

Coverage analysis

The coverage information shown next highlights detailed analysis of policy rates for Nissan cube models. Understanding more about how prices are formulated can be valuable when making smart policy decisions.

Nissan cube Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $144 $262 $282 $16 $84 $788 $66
Cube S 2WD $166 $262 $282 $16 $84 $810 $68
Cube SL 2WD $166 $318 $282 $16 $84 $866 $72
Cube Krom 2WD $186 $374 $282 $16 $84 $942 $79
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in garaging location in Durham which can alter premiums substantially.

Deductible comparison

When buying insurance, a common question is which deductibles should you choose. The tables below show the costs and benefits when you choose different physical damage deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Nissan cube insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $186 $318 $250 $14 $74 $867 $72
Cube S 2WD $214 $318 $250 $14 $74 $895 $75
Cube SL 2WD $214 $386 $250 $14 $74 $963 $80
Cube Krom 2WD $242 $456 $250 $14 $74 $1,061 $88
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Nissan cube insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cube 2WD $136 $214 $250 $14 $74 $688 $57
Cube S 2WD $156 $214 $250 $14 $74 $708 $59
Cube SL 2WD $156 $262 $250 $14 $74 $756 $63
Cube Krom 2WD $176 $308 $250 $14 $74 $822 $69
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Information does not factor in vehicle garaging location which can decrease or increase rates substantially.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $17 more each month or $204 annually than buying the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 24 months between claims, you would more than likely save some money going with the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $79
Average monthly premium for $500 deductibles (subtract): – $62
Monthly savings from raising deductible: $17
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

Rate comparison of full coverage and liability-only

The illustration below shows the comparison of Nissan cube annual premium costs when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $250 deductibles, single marital status, and no policy discounts are applied.

Should you pay for full coverage?

There is no exact rule to stop paying for physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s pretend your Nissan cube replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after paying your deductible. If it’s costing in excess of $700 a year for your policy with full coverage, then it might be time to buy liability only.

There are some conditions where removing full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage.

The Nissan cube Insurance Rate Equation

One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that play a part in calculating your insurance rates. If you have a feel for what controls the rates you pay, this allows you to make good choices that could result in better insurance rates. Multiple criteria are considered when pricing auto insurance. Some of the criteria are obvious like your driving record, but some are more transparent like where you live or how financially stable you are.

The itemized list below are a few of the “ingredients” utilized by car insurance companies to help set rates.

Insurance rates are higher for high performance vehicles – The make and model of the car you are insuring makes a substantial difference in determining your rates. The lowest base rates will generally be found on lower cost passenger vehicles, but your final cost has many other factors.

The chart below is based on a married male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Nissan cube insurance rates compared to other models of vehicles that have different risk factors.

Job impacts premiums – Did you know your job can affect your rates? Jobs like doctors, business owners, and emergency personnel usually pay higher rates than average in part from high stress levels and lots of time spent away from family. Conversely, occupations like actors, historians and the unemployed pay lower than average rates.

Increase comp and collision deductibles and save – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Nissan from damage. Some coverage claims could be a dented fender, collision with an animal, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles tell how much you are required to spend if a covered claim is submitted. The more you have to pay, the better rate you will receive.

Deter car thieves – Choosing a vehicle with an alarm system can get you a discount on your insurance. Systems that thwart thieves like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.

Avoid traffic tickets – A bad driving record impacts your car insurance rates tremendously. Drivers with clean records have lower premiums than bad drivers. Having a single driving citation can increase rates by as much as twenty percent. Drivers who have gotten flagrant tickets such as DUI or willful reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.

The diagram below illustrates how traffic citations and at-fault collisions can affect Nissan cube insurance prices for each different age category. The price estimates are based on a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

Married drivers get cheaper prices – Having a wife or husband may earn you lower rates on your insurance bill. It translates into being more stable financially and insurance companies like that being married results in fewer claims.

Be proud to be claim-free – Car insurance companies in North Carolina give the best rates to insureds who file claims infrequently. If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Only buy what you need – Policies have extra add-on coverages that may not really be needed on your cube policy. Coverages for personal injury protection, towing coverage, and extra life insurance coverage are examples of these. They may sound like good ideas when buying your policy, but if they’re wasting money eliminate the coverages to reduce your premium.

When should I have guidance from an insurance agency?

Some consumers still like to sit down with an agent and that is a smart decision An additional benefit of comparing insurance prices online is that you can obtain lower premium rates and still choose a local agent. And providing support for local agents is still important in Durham.

Find insurance agent in DurhamBy using this form (opens in new window), the coverage information is instantly submitted to local insurance agents who can give free rate quotes to get your business. There is no need to find an agent on your own because prices are sent to you instantly. Get lower rates and a licensed agent to talk to. If for some reason you want to get a rate quote from one company in particular, just navigate to their website and fill out the quote form the provide.

Pick the best car insurance agent in Durham for you

When finding a reliable insurance agent, there are a couple of types of insurance agents and how they work. Insurance agencies can either be exclusive or independent (non-exclusive).

Independent Agents (or Brokers)

Agents in the independent channel are not restricted to one company so as a result can place your coverage with an assortment of companies and find you cheaper rates. If they find a cheaper price, they can switch companies in-house which makes it simple for you.

If you are comparing insurance prices, you definitely need to contact independent agents to have the most options to choose from. Most also have access to smaller regional carriers that many times have cheaper rates.

Shown below are independent insurance agencies in Durham that may be able to give free price quotes.

More Durham agents

Exclusive Insurance Agents

Agents that elect to be exclusive can only place business with one company such as American Family, State Farm, and AAA. Exclusive agencies are unable to provide other company’s prices so you need to shop around if the rates are high. These agents are highly trained on their company’s products which helps them compete with independent agents. Many people buy insurance from these agents mainly due to the prominent brand name instead of buying on price only.

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

More Durham agents

Finding the right insurance agent needs to be determined by more than just a cheap price. You should also get answers to these questions.

Protect more than your Nissan vehicle

Despite the high cost, paying for auto insurance is mandatory in North Carolina but it also protects more than you think.

The benefits of having insurance are definitely more than the cost, especially if you ever need it. According to a recent study, the average American driver overpays as much as $855 a year so compare rate quotes once a year at a minimum to make sure the price is not too high.

How to find a good Durham auto insurance company

Insuring your vehicle with a good quality insurance company can be a challenge considering how many companies there are to choose from in Durham. The company information in the lists below could help you pick which auto insurance companies you want to consider comparing price quotes from.

Top Auto Insurance Companies in North Carolina
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Don’t give up on affordable rates

As you restructure your insurance plan, it’s a bad idea to skimp on coverage in order to save money. Too many times, an accident victim reduced collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

You just learned some good ideas how you can lower your Nissan cube insurance prices in Durham. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the best price on car insurance is with a small mutual company.

Affordable Nissan cube insurance in Durham is definitely available both online and with local Durham insurance agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not offer internet price quotes and many times these small insurance companies provide coverage only through local independent agents.

Steps to finding cheaper quotes for Nissan cube insurance in Durham

It takes a few minutes, but the best way to quote cheaper Nissan cube insurance is to do a yearly price comparison from insurance carriers that sell auto insurance in Durham.

  1. Try to comprehend the different coverages in a policy and the things you can control to keep rates in check. Many factors that result in higher prices such as accidents, careless driving, and a substandard credit score can be remedied by making minor changes in your lifestyle.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while independent agencies can provide price quotes from multiple companies.
  3. Compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you can save money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Notify your agent or company to cancel your existing policy. Submit the completed application along with a down payment to your new company or agent. Immediately place the new proof of insurance paperwork with your vehicle’s registration.

One tip to remember is that you’ll want to compare similar deductibles and liability limits on each price quote and and to get rates from as many different companies as possible. Doing this ensures an accurate price comparison and and a good selection of different prices.

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