It’s astonishing, but the vast majority of consumers in North Carolina have been with the same company for more than four years, and nearly the majority have never taken the time to shop around. With the average auto insurance premium being $1,847, American drivers can save hundreds of dollars each year just by comparing rates, but they just feel it’s too hard to do a rate comparison.
It takes a few minutes, but the best way to find cheaper Volvo V60 insurance is to regularly compare quotes from providers who provide car insurance in Durham.
- Get an understanding of how insurance companies determine prices and the measures you can take to keep rates low. Many factors that cause rate increases like traffic violations and a less-than-favorable credit rating can be amended by making lifestyle changes or driving safer. Continue reading for the details to prevent expensive rate increases and get additional discounts that may be available.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and State Farm, while independent agents can quote rates from multiple companies.
- Compare the quotes to your current policy to see if cheaper V60 coverage is available. If you find a lower rate and switch companies, verify that coverage does not lapse between policies.
- Tell your current company to cancel your current auto insurance policy. Submit payment and a signed application to the new company. Immediately place your new proof of insurance certificate in an easily accessible location.
The most important part of shopping around is to compare identical coverage information on each quote request and and to get price estimates from as many car insurance companies as possible. Doing this provides a fair price comparison and maximum price selection.
Best Volvo V60 insurance rate quotes in North Carolina
The companies in the list below provide price quotes in North Carolina. To buy the cheapest car insurance in North Carolina, it’s a good idea that you click on several of them to get the best price comparison.
These discounts can lower your car insurance rates
The cost of insuring your cars can be expensive, but you might find some hidden discounts that can help lower your rates. Certain credits will be shown when you quote, but some discounts are required to be specially asked for before they will apply. If you check and find you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.
- Durham Homeowners Pay Less – Being a homeowner can get you a discount since home ownership is proof that your finances are in order.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education if offered at their school.
- Military Deployment Discount – Being on active deployment in the military could trigger a small discount.
- Discounts for Government Workers – Federal government employees could cut as much as 10% off with certain companies.
- Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy on their website.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but a few companies such as GEICO, Allstate and Liberty Mutual allow you one accident without getting socked with a rate hike if your claims history is clear prior to being involved in the accident.
A quick disclaimer, some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, that’s just not realistic. Any amount of discount should definitely cut the amount you have to pay.
Auto insurance companies who may offer most of the discounts above possibly include:
Before buying, ask each company or agent which discounts you may be entitled to. Some of the discounts discussed earlier may not be offered in your state. To view car insurance companies that offer many of these discounts in Durham, click this link.
You Can Change Your Insurance Prices
Many factors are taken into consideration when you get a price on insurance. Most are fairly basic such as your driving record, although others are less obvious like your vehicle usage or your commute time. An important part of buying insurance is that you know the rating factors that are used to determine your insurance rates. When consumers understand what controls the rates you pay, this allows you to make good choices that can help you get cheaper rates.
Employer impacts rates – Occupations such as lawyers, executives, and dentists generally pay higher rates than average because of intense work situations and extremely grueling work hours. On the flip side, jobs such as farmers, athletes and retirees pay the least.
A insurance policy lapse can increase insurance rates – Not maintaining insurance can get you a ticket and as a result your rates will increase for letting 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 may then have to file a SR-22 with the North Carolina motor vehicle department.
The higher your credit history the lower your prices – Having a good credit rating can be a huge factor in calculating your insurance rates. Insureds with excellent credit scores tend to file fewer claims and have better driving records than drivers with lower ratings. Therefore, if your credit score can use some improvement, you could potentially save money when insuring your Volvo V60 if you clean up your credit.
Annual mileage impacts premiums – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies apply a rate based on their usage. Cars and trucks not used for work or commuting qualify for better rates compared to those used for work or business. Incorrect rating for your V60 may be wasting your money. It’s a good idea to make sure your insurance coverage states annual mileage, because it can save money.
Costs also based on gender – Over the last 50 years, statistics have shown that women are safer drivers than men. It does not mean men are WORSE drivers than women. They both tend to get into auto accidents at a similar rate, but the male of the species get into accidents with more damage. Not only are claims higher, but men receive more costly citations like DWI (DUI) or reckless driving. Youthful male drivers cause the most accidents so they pay the highest premiums.
Raise comp and collision deductibles and save – Physical damage protection, also called ‘full coverage’, covers damage that occurs to your Volvo. Some coverage claims are running into the backend of another car, damage from fire, or theft. Deductibles for physical damage define the amount you are required to spend out-of-pocket if a covered claim is submitted. The larger the amount you’re willing to pay, the less money you will pay for insurance.
Don’t abuse claims – If you tend to file frequent claims, you can look forward to either policy cancellation or increased premiums. Insurance companies in North Carolina award most affordable rates to drivers who are claim-free. Insurance coverage is designed for larger claims.
Get married and pay lower rates – Your spouse can get you a discount on your policy. Having a significant other translates into being more mature and it’s proven that married couples file fewer claims.
Volvo V60 claim data – Insurers analyze the history of losses as a tool for profitable underwriting. Vehicles that tend to have higher prevalence or dollar amount of losses will cost more for specific coverages. The information below illustrates the insurance loss data used by companies for Volvo V60 vehicles.
For each policy coverage, the statistical loss for all vehicles combined as an average is considered to be 100. Percentages below 100 indicate a favorable loss history, while numbers that are greater than 100 show a trend for more claims or statistically larger losses.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volvo V60 2WD||68||53|
|Volvo V60 4WD||136||75|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When should I discuss my situation with an agent?
When it comes to coverage, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that.
Here are some questions about coverages that can help discover whether you might need professional guidance.
- Who is covered when they drive my Volvo V60?
- Can my babysitter drive my car?
- Will filing a claim cost me more?
- Does coverage extend to my business vehicle?
- I have good health insurance, so how much medical payments coverage do I need?
- What is an adequate liability insurance limit?
- Can I make deliveries for my home business?
- Should I put collision coverage on all my vehicles?
- Am I missing any policy discounts?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Can’t I compare rates from local Durham insurance agents?
Some consumers just want to get advice from a local agent and that can be a smart move A nice benefit of getting online price quotes is that drivers can save money and get cheap rate quotes but also keep your business local.
Once you complete this form (opens in new window), your coverage information gets sent to agents in your area that provide free Durham car insurance quotes for your coverage. You never need to find an agent because quoted prices will be sent directly to your email. Get lower rates and work with a local agent. If for some reason you want to get a comparison quote from a specific car insurance provider, you just need to go to their quote page to submit a rate quote request.
Deciding on an provider needs to be determined by more than just a low price. Ask your prospective agent these questions:
- Do they feel the quoted coverages are adequate?
- In the event of vehicle damage, can you pick the collision repair facility?
- What kind of financial rating does the company have?
- What is the agency’s Better Business Bureau rating?
- Can they help ensure a fair claim settlement?
- Are there any discounts for paying up front?
Two types of auto insurance agents
If you are wanting to purchase car insurance from a reputable agency, it’s important to understand the different agency structures and how they can quote your rates. Durham agents may be either independent or exclusive depending on the company they work for.
Agents that elect to be exclusive can usually just insure with one company like American Family, State Farm, and Allstate. Exclusive agents are unable to compare other company’s rates so it’s a take it or leave it situation. Exclusive insurance agents are usually quite knowledgeable on the products they sell and that can be a competitive advantage.
Below is a list of exclusive agencies in Durham that can give you rate quotes.
Independent Insurance Agents
Agents of this type often have many company appointments and that is an advantage because they can write policies with an assortment of companies depending on which coverage is best. To transfer your coverage to a different company, they simply move the coverage in-house and the insured can keep the same agent. When comparing rates, you absolutely need to compare prices from several independent agencies for maximum quote selection.
Below is a list of independent agents in Durham that can give you rate quotes.
Reliable Insurance Agency of North Carolina Inc.
3325 Durham-Chapel Hill Blvd #200 – Durham, NC 27707 – (919) 864-9048 – View Map
Upon receiving answers to your satisfaction to your questions and an affordable coverage quote, you’ve probably found an auto insurance agent that can service your policy. But keep in mind consumers can cancel your policy at any point so don’t assume that you are permanently stuck with your new company for a certain time period.
North Carolina car insurance company ratings
Picking a highly-rated auto insurance provider is hard considering how many companies there are in North Carolina. The rank data below can help you pick which companies you want to consider comparing rates with.
Top 10 Durham Car Insurance Companies Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Durham Car Insurance Companies Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
- Titan Insurance
Persistence is the key to affordable rates
Lower-priced Volvo V60 insurance in Durham is possible on the web and from local agencies, so get free Durham car insurance quotes from both of them in order to have the best chance of saving money. A few companies may not offer online rate quotes and many times these regional insurance providers provide coverage only through local independent agents.
We just covered a lot of ways to shop for Volvo V60 insurance online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from some of the lesser-known companies. Regional companies may only write in your state and offer lower car insurance rates than their larger competitors like State Farm and Allstate.
Additional detailed information is located in these articles:
- Rollover Crash FAQ (iihs.org)
- How Much are Auto Insurance Quotes for Good Drivers in Durham? (FAQ)
- What Auto Insurance is Cheapest for a 20 Year Old Female in Durham? (FAQ)
- What Car Insurance is Cheapest for a Honda Civic in Durham? (FAQ)
- How Much is Car Insurance for Nurses in Durham? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)
- Teen Driver Statistics (Insurance Information Institute)
- Auto Insurance for Teen Drivers (Insurance Information Institute)