It’s an obvious statement that auto insurance companies don’t want customers comparing rates. Drivers who compare price quotes will presumably switch companies because they have a good chance of finding a lower-priced company. A study discovered that drivers who compared price quotes annually saved over $3,500 over four years compared to those who never shopped around.
If finding the lowest price for Chevy Cruze insurance is your ultimate target, then having an understanding of how to find companies and compare coverages can make shopping around easier.
To save the most money, the best way to find better pricing on Chevy Cruze insurance in Charlotte is to start comparing prices regularly from companies in North Carolina.
- Try to understand how auto insurance works and the factors you can control to prevent rate increases. Many policy risk factors that result in higher prices such as getting speeding tickets and an imperfect credit score can be rectified by improving your driving habits or financial responsibility.
- Request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of insurance providers. Get quotes now
- Compare the new quotes to your current policy and determine if there is any savings. If you can save some money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Notify your current company to cancel your current coverage and submit a completed application and payment for the new policy. Once received, keep your new certificate verifying proof of insurance in your glove compartment.
One tip to remember is to try to use identical limits and deductibles on every quote request and and to get price quotes from every company you can. Doing this guarantees the most accurate price comparison and a better comparison of the market.
Shop Chevy Cruze insurance online
The majority of larger companies allow you to get insurance quotes direct online. Obtaining pricing for Chevy Cruze insurance in Charlotte is very simple because it’s just a matter of typing in the coverages you want into a form. Once you submit the form, their rating system sends out for your driving record and credit report and quotes a price based on the data you entered. The ability to get online quotes for Chevy Cruze insurance in Charlotte makes it simple to compare prices and it’s necessary to perform this step in order to find the most affordable possible premiums on auto insurance.
To quickly find out what other companies charge, consider comparing rates from the companies shown below. If you have coverage now, it’s recommended you enter the coverages as shown on your current policy. This ensures you are getting a fair comparison using the same coverage and limits.
The car insurance companies shown below can provide price comparisons in Charlotte, NC. To buy cheap auto insurance in NC, we suggest you visit as many as you can to get the most affordable price.
Learn How to Buy Auto Insurance Cheaper
When buying auto insurance it’s important to understand some of the factors that are used to determine your auto insurance rates. When consumers understand what determines base rates, this enables informed choices that may result in lower rates.
The items below are most of the major factors used by insurance companies to determine your rates.
- Lower premiums for safer cars – Cars with five star safety ratings get lower rates. The safest vehicles reduce occupant injuries and better occupant protection means your insurance company pays less and cheaper rates on your policy. If the Chevy Cruze is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
- Where you reside factors in – Having an address in a rural area can save you money when shopping for auto insurance. Residents of big cities regularly have more aggressive driving styles and much longer commute distances. Less people living in that area means reduced accidents.
- Your career may increase premiums – Did you know your job can affect your rates? Occupational choices like military generals, police officers, and emergency personnel have the highest average rates attributed to job stress and incredibly demanding work hours. On the other hand, careers such as actors, engineers and homemakers receive lower rates.
- Annual miles is a factor – Driving more miles in a year the more you’ll pay to insure it. The majority of insurers apply a rate based upon how you use the vehicle. Cars and trucks that sit idle most of the time can be on a lower rate level than vehicles that are driven to work every day. Having the wrong rating on your Cruze is just wasting money. Verify your auto insurance coverage properly reflects annual mileage.
- Age of drivers impacts prices – Young drivers in North Carolina are known to be careless and easily distracted when driving with friends so they pay higher auto insurance rates. Adding a young driver to your policy can be quite pricey. More experienced drivers are shown to be more cautious, cost insurance companies less in claims, and usually have better credit.
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Chevy Cruze insurance loss statistics – Companies analyze past claim statistics as a way to help calculate a profitable premium rate. Vehicles that are shown to have a trend towards higher claims will have higher premium rates.
The table below demonstrates the actual insurance loss data for Chevy Cruze vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Values that are 100 or less indicate a favorable loss history, while numbers shown that are more than 100 point to more frequent losses or a tendency for claims to be larger.
Insurance Loss Ratings for Chevrolet Cruze Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Cruze 96 132 87 136 153 152 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Protect more than your Chevy vehicle
Despite the potentially high cost of Chevy Cruze insurance, buying auto insurance is required in North Carolina but it also protects you in many ways.
- Most states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability insurance coverage if you don’t want to risk a ticket. 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 your Chevy has a loan, almost all lenders will have a requirement that you buy full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank will be required to insure your Chevy at a much higher premium rate and require you to fork over much more than you were paying before.
- Auto insurance preserves both your assets and your Chevy. It will also reimburse you for medical bills for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your policy will pay to repair the damage.
The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is overpaying over $865 each year so it’s recommended you shop around at least once a year to ensure rates are competitive.