The type of vehicle needing coverage is one of the main factors when looking for the most affordable car insurance for 4×4 vehicles. Vehicles with high performance, a lack of safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer models. The table below ranks auto insurance prices for the cheapest vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,228|
|Ford Escape XLT 4WD||$1,256|
|Hyundai Elantra GLS Touring Station Wagon||$1,410|
|Ford Edge SEL AWD||$1,427|
|Honda Civic DX 4-Dr Sedan||$1,433|
|Honda CR-V EX-L 4WD||$1,440|
|Chevrolet Impala LT||$1,455|
|GMC Sierra SLE Crew Cab 2WD||$1,461|
|Toyota RAV4 Sport 4WD||$1,455|
|Toyota Corolla S||$1,531|
|Nissan Rogue S 2WD||$1,561|
|Hyundai Sonata GLS 4-Dr Sedan||$1,567|
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in specific location which can increase or decrease premiums considerably.
Looking at the numbers, we can conclude that cars like the Honda Accord, Ford Escape, Toyota Prius, Hyundai Elantra, and Ford Edge will be some of the most affordable vehicles to insure for off-road vehicles.
Establishing which companies have the cheapest car insurance rates for 4×4 vehicles requires a bit more effort than just comparing rates from one or two companies.
Every insurance provider has a unique formula for determining rates in each state, so we need to take a look at the most budget-friendly car insurance companies in Charlotte. It’s important to know that North Carolina car insurance rates are calculated based on many things which can substantially decrease or increase the cost of coverage. Simply getting older, having a teenage driver, or getting into an accident can trigger changes in premium that can make some companies cheaper than competitors.
Find Cheaper Car Insurance for 4×4’s
|Rank||Company||Cost Per Year|
|6||NC Farm Bureau||$737|
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Utica National may offer some of the most affordable car insurance rates in Charlotte at around $643 a year. This is $229 less than the average rate paid by North Carolina drivers of $872. Progressive, Penn National, Liberty Mutual, and GEICO also make the cut as some of the best Charlotte, NC car insurance companies.
As shown in the rates above, if you buy coverage from Liberty Mutual and switched to Progressive, you could earn an annual savings of in the neighborhood of $70. North Carolina drivers with GEICO may save as much as $70 a year, and NC Farm Bureau policyholders might cut rates by $79 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit several of the following companies.
Remember that these policy rates are averages for all drivers and vehicles in North Carolina and do not take into consideration a specific zip code for 4×4 vehicles. So the insurer that can offer you the best price may not even be in the top 20 companies shown above. That point stresses why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
For off-road vehicles, one of the big things that are used to help calculate car insurance rates is where you normally keep your vehicle in Charlotte. Cities with more crime and/or more people will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The next table lists the most expensive places in North Carolina for 4×4 vehicles to purchase auto insurance in. Charlotte comes in at #3 with a yearly premium of $832 for the average insurance policy, which is approximately $69 per month.
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Rate quotes are approximated as the specific garaging location can change premiums significantly.
How to get discounts on Charlotte auto insurance
Auto insurance companies that offer coverage for 4×4 vehicles may also give you policy discounts that could potentially reduce rates by 40% or more if you meet eligibility requirements. A list of car insurance companies and some of their more popular discounts are:
- American Family has savings for accident-free, air bags, defensive driver, mySafetyValet, good student, and bundled insurance.
- Nationwide discounts include family plan, defensive driving, multi-policy, anti-theft, Farm Bureau membership, and accident-free.
- MetLife offers discounts for claim-free, accident-free, multi-policy, good student, defensive driver, good driver
- 21st Century may have discounts that include good student, air bags, theft prevention, teen driver, and anti-lock brakes.
- Farmers Insurance offers premium reductions for multi-car, switch companies, mature driver, pay in full, good student, and business and professional.
- Allstate has discounts for anti-theft, multi-policy, good payer, resident student, and utility vehicle.
The illustration below illustrates the difference between auto insurance rates with and without discounts being applied to the rates. The premiums are based on a male driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, marriage, multiple policy, vehicle safety, homeowner, and defensive driving course discounts applied. When discounts are applied, theaverage amount saved on car insurance for 4×4 vehicles is 27% or $394.
Full coverage or liability only
Finding cheaper car insurance is the goal of most people, and one of the quickest ways to save on the cost of insurance for 4×4 vehicles is to not pay for full coverage. The diagram below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims, a clean driving record, $500 deductibles, drivers are not married, and no policy discounts are applied.
Averaged for all ages 20 through 70, full coverage costs $1,181 per year over and above liability only. That may make you wonder if paying for full coverage is a waste of money. There is no specific rule for dropping physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
You may be paying too much for car insurance
Charlotte car insurance rates are determined by lots of factors which can substantially change the cost of your policy. Simply improving your credit, buying higher coverage limits, or having an at-fault accident may generate price changes that can cause some rates to be more affordable than competitors. Additionally, insurance companies change rates every year to reflect underwriting profits or losses. Larger than normal claims can cause more expensive premiums, while a lower level of claims can result in more affordable Charlotte car insurance rates.
To illustrate this example, the graph below shows which companies have the cheapest car insurance in Charlotte, NC for a 40-year-old female driver with a clear driving record, no claims, and a good credit rating. If we compare prices based on her current risk profile, Utica National has the best car insurance rates in Charlotte at $801 annually. This is $71 less than the average policy premium paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, GEICO, and Liberty Mutual also make the list of the best Charlotte, NC auto insurance companies.
The example below compares rates after we give the driver in the first chart a claim, a lower credit score, and a few traffic violations. Since every insurance provider has their own formula to establish rates, getting updated rate quotes may result in a substantially altered list of companies as shown below.
Penn National now has the best price on car insurance in Charlotte, NC with State Farm, Auto-Owners, National General, and Allied completing the list. This example proves why it is critical to compare as many rates as possible when trying to find the most economical auto insurance rates for 4×4 vehicles.
Car insurance prices are made up of many factors and change substantially, so the most economical option a year ago may now be quite expensive.
Ideas for buying the cheapest car insurance for 4×4 vehicles
Here are many money-saving suggestions that can help drivers quote cheaper coverage.
- Choose a safer vehicle and pay lower rates
- Better credit scores save money
- Pay less by remaining claim-free
- Avoid getting tickets or violations
- Avoid accidents
- Check for cheaper rates once a year
That last piece of advice is very significant, as was pointed out in the prior article. Car insurance prices in Charlotte can change in a short period of time, so don’t be hesitant to switch to a new company if you find a cheaper price.
Having a favorite company is fine, but it’s not a good idea if it’s costing you a wad of cash every year. Take a couple minutes and shop around to find cheaper car insurance for 4×4 vehicles.
If you aren’t sure which coverage to buy and prefer to get some help when trying to find lower insurance rates for 4×4 vehicles, the agents listed below can provide answers to your questions and help you determine which coverages and limits you need.
To find a Charlotte insurance agent close to you, click the button at the bottom of the list or click here to compare prices now.
Michael A Goodman Insurance Agency Inc
6401 Carmel Rd Ste 208 – Charlotte, NC 28226 – (704) 541-8660
Lawing – Elvington Insurance Agency
6132 Brookshire Blvd b – Charlotte, NC 28216 – (704) 391-8483
Gary Kochman – State Farm Insurance Agent
9539 Idlewild Rd – Charlotte, NC 28227 – (704) 545-4422
Matt “Woody” Woodford – State Farm Insurance Agent
501 S Sharon Amity Rd #200 – Charlotte, NC 28211 – (704) 971-3030
Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144