How long has it been since the last time you looked for cheaper Land Rover LR2 insurance in Durham? Are you at wits end from being strong-armed to pay high insurance rates every month? You have the same problem as most other drivers in North Carolina.
Anyone knows that insurance companies want to prevent you from shopping around. Consumers who shop around for a cheaper policy are very likely to switch to a new company because there is a good chance of finding lower rate quotes. Surprisingly, a recent survey revealed that consumers who faithfully checked for cheaper rates saved as much as $860 a year compared to those who never shopped around.
If finding discount rates on auto insurance is your objective, then having an understanding of how to quote and compare auto insurance can make it simple to find affordable coverage.
Steps to finding cheaper Land Rover LR2 insurance in Durham
If you want to save the most money, the best way to get the cheapest car insurance rates is to do a yearly price comparison from insurance carriers that insure vehicles in Durham.
- Take a few minutes and learn about how companies price auto insurance and the measures you can take to keep rates in check. Many rating factors that result in higher prices like traffic tickets, fender benders, and your credit history can be remedied by making lifestyle changes or driving safer.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes from multiple sources. Compare rates now
- Compare the new quotes to your existing rates and see if you can save money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
- Give proper notification to your current agent or company of your intention to cancel your current car insurance policy and submit payment and a completed application to your new company or agent. As soon as you can, safely store the certificate verifying coverage with your registration paperwork.
A good tip to remember is to use identical coverage information on each price quote and and to compare as many different insurance providers as possible. This guarantees an apples-to-apples comparison and and a good selection of different prices.
Numerous car insurance companies battle for your hard-earned dollar, and because of this it can be hard to compare insurers to find the absolute lowest price on Land Rover LR2 insurance in Durham.
You should make it a habit to shop coverage around quite often because insurance prices fluctuate regularly. If you had the lowest price on Land Rover LR2 insurance in Durham six months ago you can probably find a lower rate today. Ignore everything you know about insurance because we’re going to show you the right way to save money, get proper coverage and the best rates.
Cheap auto insurance in Durham, NC
The auto insurance companies shown below are ready to provide comparison quotes in North Carolina. If multiple companies are listed, it’s a good idea that you visit several of them to get the most affordable price.
Premium rates and analysis
The premium table displayed below covers different insurance premium costs for Land Rover LR2 models. Having a good understanding how auto insurance policy rates are calculated can benefit drivers when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $220 | $352 | $256 | $16 | $76 | $920 | $77 |
| LR2 HSE | $220 | $352 | $256 | $16 | $76 | $920 | $77 |
| LR2 HSE Luxury | $220 | $352 | $256 | $16 | $76 | $920 | $77 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in Durham location which can change premiums considerably.
Raise deductibles and save
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The following tables illustrate the costs and benefits between low and high policy deductibles. The first data table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $270 | $456 | $250 | $14 | $74 | $1,089 | $91 |
| LR2 HSE | $270 | $456 | $250 | $14 | $74 | $1,089 | $91 |
| LR2 HSE Luxury | $270 | $456 | $250 | $14 | $74 | $1,089 | $91 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $196 | $308 | $250 | $14 | $74 | $842 | $70 |
| LR2 HSE | $196 | $308 | $250 | $14 | $74 | $842 | $70 |
| LR2 HSE Luxury | $196 | $308 | $250 | $14 | $74 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Information does not factor in specific location which can raise or lower coverage prices noticeably.
We can derive from the above data that using a $100 deductible will cost in the ballpark of $21 more each month or $252 annually averaged for all LR2 models 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 go at least 19 months between claim filings, you would save more money by going with a higher deductible. The table below illustrates a better example of how you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $91 |
| Average monthly premium for $500 deductibles (subtract): | – $70 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One important note is that increasing deductibles to save money means you will have to pay more when you have to file a claim. You should have some savings in the bank in the event you have to pay the deductible to have repairs made.
The information below shows how choosing a deductible and can change Land Rover LR2 premium costs for different age categories. The data assumes a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
How violations and accidents impact rates
The information below shows how violations and at-fault accidents impact Land Rover LR2 insurance prices for different age groups of insureds. The data is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Land Rover LR2 full coverage rates compared to liability only
The illustration below visualizes the comparison of Land Rover LR2 car insurance rates with full physical damage coverage and with liability coverage only. The premiums assume no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.
When to drop comprehensive and collision coverage
There isn’t a written rule for eliminating full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your Land Rover LR2 book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few situations where only buying liability is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Why Smart Consumers Pay Less for Land Rover LR2 Insurance
Multiple criteria are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious such as your driving history, but other criteria are less obvious like your vehicle usage or your financial responsibility. Consumers need to have an understanding of the rating factors that aid in calculating your policy premiums. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that may result in much lower annual insurance costs.
The list below includes some of the things that factor into premiums.
Men are more aggressive – Statistics show that men are more aggressive behind the wheel. However, this does not mean males are worse at driving than females. They both get in auto accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Not only that, but men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive insurance rates.
The illustration below compares Land Rover LR2 annual premium costs for male and female drivers. The data is based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, single status, and no discounts are factored in.
Save money with excellent credit – Having a bad credit score can be a huge factor in determining premium rates. So if your credit score is not that good, you may save money insuring your Land Rover LR2 by improving your credit score. Insureds that have high credit scores tend to be less risk to insure than those with lower credit ratings.
Your location is important – Living in areas with lower population has it’s advantages if you are looking for the lowest rates. City drivers tend to have traffic congestion and a longer drive to work. Lower population means less chance of accidents in addition to lower liability claims.
Employer can influence premiums – Occupational choices like fire fighters, air traffic controllers, and accountants are shown to have higher premium rates because of intense work situations and long work hours. On the other hand, occupations like actors, historians and the unemployed have the lowest average rates.
Do you need those add-on coverages? – There are quite a few add-on coverages that sound like a good idea at the time but may not be useful. Things like coverage for rental cars, towing, and additional equipment coverage may not be needed and are just wasting money. You may think they are a good idea initially, but your money might be better spent on other coverage so consider taking them off your policy.
Buy as much liability as you can afford – The liability coverage on your policy will protect you when you are found liable for causing damage or personal injury in an accident. Your liability coverage provides legal defense coverage to attempt to prove you were not liable. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Youthful drivers cost more – More mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and usually have better credit. Youthful drivers have been known to be careless and easily distracted when driving with friends therefore insurance rates are much higher.
The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
Drive a fast car and pay more – The type of vehicle you are trying to find cheaper insurance for makes a substantial difference in determining your rates. The lowest performance passenger vehicles usually have the lowest premiums, but there are many factors that impact the final cost.
The chart below is based on a married male driver age 50, full coverage with $500 deductibles, and no discounts or violations. The chart compares Land Rover LR2 rates compared to other models of vehicles that have a range of performances.
Insurance losses for a Land Rover LR2 – Insurers take into consideration historical loss data for every vehicle to help determine costs. Vehicles that historically have higher claim frequency or loss amount will cost more for specific coverages. The table below shows the insurance loss data used by companies for Land Rover LR2 vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, as a total average, is equal to 100. Percentages below 100 suggest a better than average loss history, while values that are 100 or greater point to more frequent losses or an increased likelihood of larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Land Rover LR2 4dr 4WD | 115 | 162 | 99 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Insurance policy discounts you can’t miss
Insurance can be prohibitively expensive, but you might be missing out on some discounts to help bring down the price. Certain credits will be shown at the time you complete a quote, but a few must be asked for in order for you to get them.
- Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts may be able to save a few bucks off PIP or medical payments premium.
- Driver Education Discount – It’s a good idea to have your young drivers enroll and complete driver’s education in school.
- Multiple Policy Discount – When you combine your auto and home insurance with the same company you could get a discount of up to 20% and get you affordable Land Rover LR2 insurance rates in Durham.
- Membership in Organizations – Joining certain professional organizations could trigger savings on insurance.
- Good Drivers – Insureds who avoid accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- College Student Discount – Children who are enrolled in higher education away from home and do not have access to a covered vehicle could qualify for this discount.
- Drive Less and Save – Driving less could be rewarded with lower prices on the low mileage vehicles.
- Driver Safety – Passing a course in defensive driver could earn you a small percentage discount and easily pay for the cost of the class.
- Theft Prevention Discount – Cars and trucks equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more on LR2 insurance in Durham.
- Onboard Data Collection – Policyholders that allow their insurance company to look at where and when they drive by using a telematics device such as Progressive’s Snapshot could save a few bucks if they have good driving habits.
Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like you could get a free insurance policy, nobody gets a free ride.
The information below compares Land Rover LR2 insurance prices with and without discounts applied. The prices are based on a male driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, claim-free, safe-driver, and homeowner discounts applied.
If you would like to choose from a list of insurance companies who offer online Land Rover LR2 insurance quotes in Durham, click here.
Car insurance quotes from neighborhood Durham auto insurance agents
A lot of people just want to get advice from a local agent and that can be a smart move Insurance agents will help you protect your assets and help in the event of a claim. A nice benefit of getting free rate quotes online is the fact that drivers can get cheaper auto insurance rates but also keep your business local.
After completing this form (opens in new window), your insurance coverage information is submitted to companies in Durham who will give you bids for your coverage. You won’t need to do any legwork since rate quotes are delivered immediately to you. If you want to compare rates from a specific car insurance provider, you just need to search and find their rate quote page and submit a quote form there.
Selecting a insurance company shouldn’t rely on just the premium amount. Any agent in Durham should have no problem answering these questions:
- Do they have designations such as AIC, CPCU, or CIC?
- Is assistance available after office hours?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they reduce claim amounts on high mileage vehicles?
- How is replacement cost determined on your vehicle?
- Do they specialize in personal lines auto insurance in Durham?
- Does the company have a local claim office in Durham?
When finding a local Durham insurance agency, you should know the types of insurance agents and how they function. Insurance agencies in Durham can be categorized as either exclusive or independent. Both provide car insurance policies, but it’s important to point out why they differ since it could factor into the kind of agent you use.
Exclusive Insurance Agencies
Exclusive agents can only provide pricing for a single company like AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive insurance agents receive extensive training on the products they sell which can be an advantage.
The following are exclusive insurance agents in Durham who can help you get rate quotes.
Leslie Robinson State Farm Insurance
105 W North Carolina 54 #263 – Durham, NC 27713 – (919) 206-5096 – View Map
Allstate Insurance Agent: Tae Kim
4837 Hwy Nc 55 10B – Durham, NC 27713 – (919) 560-9000 – View Map
Nationwide Insurance: Sizsiz L Wong
105 W North Carolina 54 Ste 279 – Durham, NC 27713 – (919) 544-7000 – View Map
Independent Insurance Agents
Independent agents are not restricted to one company so they can insure your vehicles through many different car insurance companies and get you the best rates possible. To move your coverage to a new company, your policy is moved internally and you don’t have to find a new agent.
If you need lower rates, you will want to compare prices from a couple of independent agencies for maximum quote selection.
Shown below are independent insurance agents in Durham who can help you get price quote information.
Insurance People-N Carolina
1920 Front St # 750 – Durham, NC 27705 – (919) 383-0442 – View Map
Triangle Insurance Alliance
2530 Meridian Pkwy #300 – Durham, NC 27713 – (919) 322-3640 – View Map
The Sorgi Insurance Agency
16 Consultant Pl Suite 102 – Durham, NC 27707 – (919) 682-4814 – View Map
After receiving answers to your satisfaction to all your questions and an acceptable price quote, you have narrowed it down to an insurance agent that meets the requirements to provide car insurance coverage. Keep in mind it’s your policy and you can cancel your coverage whenever you choose to so don’t think that you are permanently stuck with your new company for the full term.
Don’t assume everyone needs the same insurance coverage
When it comes to insurance from an agent or online for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that.
For example, these questions may help you determine if your insurance needs could use an agent’s help.
- Does coverage extend to Mexico or Canada?
- What is covered by UM/UIM coverage?
- Do I need PIP (personal injury protection) coverage in North Carolina?
- What is the rate difference between pleasure use and commuting?
- Am I covered if I have no license?
- If my Land Rover LR2 is totaled, can I afford another vehicle?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.
A conclusion for your car insurance search
We just presented a lot of techniques to save on Land Rover LR2 insurance in Durham. It’s most important to understand that the more you quote Durham auto insurance, the better your comparison will be. You may even discover the best rates are with an unexpected company. Regional companies often have lower auto insurance rates on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.
Cheap Land Rover LR2 insurance in Durham is definitely available online as well as from insurance agents, so you need to shop Durham auto insurance with both so you have a total pricing picture. Some car insurance companies do not provide price quotes online and most of the time these smaller providers provide coverage only through local independent agencies.
Steps to finding low-cost Land Rover LR2 insurance in Durham
It takes a few minutes, but the best way to get the cheapest Land Rover LR2 insurance is to regularly compare quotes from insurance carriers who provide auto insurance in Durham.
- First, spend a few minutes and learn about how insurance works and the measures you can control to lower rates. Many policy risk factors that cause rate increases like at-fault accidents and a low credit rating can be controlled by making small lifestyle or driving habit changes.
- Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and State Farm, while agents who are independent can provide rate quotes from multiple companies. View a list of agents
- Third, compare the new rate quotes to your current policy to determine if you can save on LR2 insurance in Durham. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
- Fourth, notify your current company of your intention to cancel the current policy. Submit payment along with a signed and completed policy application to the new insurer. As soon as you have the new policy, safely store the certificate verifying proof of insurance with your registration paperwork.
An important bit of advice to remember is that you’ll want to make sure you compare identical deductibles and limits on every quote and and to get rate quotes from as many different insurance providers as possible. This ensures a fair rate comparison and the best price selection.
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- What to do at the Scene of an Accident (Insurance Information Institute)
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