The best way we recommend to get discount Jeep Compass insurance in Charlotte is to begin comparing prices regularly from insurers that sell auto insurance in North Carolina.
Step 1: Read about car insurance and the factors you can control to prevent expensive coverage. Many risk factors that cause high rates such as traffic tickets, fender benders, and a less-than-favorable credit score can be controlled by making lifestyle changes or driving safer.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple sources. Find a Charlotte insurance agent
Step 3: Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate quote and make a switch, make sure there is no coverage gap between policies.
The key thing to know about shopping around is to compare similar deductibles and liability limits on every price quote and to quote with every company you can. This guarantees a fair price comparison and the best price selection.
It’s easy to assume that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who rate shop once a year will presumably switch car insurance companies because they have good chances of finding a lower-priced company. Remarkably, a study showed that consumers who routinely shopped around saved about $3,400 over four years compared to people who never compared other company’s rates.
If finding the lowest price on auto insurance is the reason you’re here, then knowing the best ways to shop for auto insurance can help make the process easier.
It’s important to know that getting more free quotes helps you find the best price. Some regional insurers cannot provide Charlotte Compass insurance quotes over the internet, so it’s important to also get price estimates from them as well.
The companies shown below offer comparison quotes in North Carolina. In order to find cheap car insurance in NC, it’s a good idea that you visit two to three different companies to get the best price comparison.
Car insurance statistics for a Jeep Compass
The coverage table displayed below highlights a range of prices for Jeep Compass models. Learning a little about how insurance quotes are determined can help customers make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Compass Sport 2WD | $180 | $360 | $324 | $20 | $96 | $980 | $82 |
| Compass Sport 4WD | $206 | $438 | $324 | $20 | $96 | $1,084 | $90 |
| Compass Limited 2WD | $206 | $438 | $324 | $20 | $96 | $1,084 | $90 |
| Compass Limited 4WD | $206 | $438 | $324 | $20 | $96 | $1,084 | $90 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in your specific Charlotte location which can affect coverage prices significantly.
An analysis of deductible level
When comparing car insurance rates, the most common question is what deductibles to buy. The following tables can help you understand the rate fluctuation between high and low insurance deductibles. The first set of prices uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Compass Sport 2WD | $186 | $318 | $250 | $14 | $74 | $867 | $72 |
| Compass Sport 4WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Compass Limited 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Compass Limited 4WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Compass Sport 2WD | $104 | $168 | $250 | $14 | $74 | $610 | $51 |
| Compass Sport 4WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Compass Limited 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Compass Limited 4WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Get Your Own Custom Quote Go | |||||||
Price 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, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific location information which can alter coverage rates greatly.
Based on this data, using a $100 deductible would cost the average driver about $24 more each month or $288 a year averaged for all Compass models than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 38 months between claims, you would save money by going with a higher deductible. Here’s how you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $78 |
| Average monthly premium for $1,000 deductibles (subtract): | – $54 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 38 months |
One important note is that increasing deductibles to save money means you pay more out-of-pocket when you have to file a claim. You need to have a higher level of savings in order to pay the higher deductible.
The diagram below shows how different deductible levels and can influence Jeep Compass insurance premiums for different age groups of insureds. The data is based on a single male driver, full physical damage coverage, and no other discounts are factored in.
Drive responsibly or pay higher rates
The diagram below shows how violations and at-fault accidents impact Jeep Compass insurance costs for different age categories. The premium estimates are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
Jeep Compass insurance rates by age and gender
The information below shows the difference between Jeep Compass insurance prices for male and female drivers. The data assumes no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no other discounts are factored in.
Full coverage or liability only
The chart below shows the comparison of Jeep Compass insurance costs when comparing full coverage to state minimum liability only. The price estimates are based on no claims or violations, $250 deductibles, drivers are not married, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no set rule of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Jeep Compass book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying your deductible. If you are paying in excess of $400 annually for your policy with full coverage, then it may be the right time to buy liability only.
There are some circumstances where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.
Choosing Compass insurance is an important decision
Despite the high insurance cost for a Jeep Compass in Charlotte, paying for car insurance serves several important purposes.
- Just about all states have minimum liability requirements which means you are required to buy specific limits of liability insurance in order to drive the car. 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 vehicle has a lienholder, most lenders will have a requirement that you carry insurance to guarantee payment of the loan. If the policy lapses, the lender may insure your Jeep for a much higher rate and require you to fork over much more than you were paying before.
- Insurance safeguards both your assets and your vehicle. Insurance will pay for medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, your policy will pay to have it repaired.
The benefits of having car insurance are without a doubt worth the cost, especially for larger claims. But the average driver in North Carolina is overpaying more than $855 a year so it’s very important to do a rate comparison every year to ensure rates are inline.
Buy More Affordable Auto Insurance with These Tips
Many factors are taken into consideration when pricing auto insurance. Some are obvious like your driving record, but some are not quite as obvious such as your credit history or how safe your car is. Smart consumers have a good feel for the factors that are used to determine your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that may result in big savings.
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Costs are impacted by vehicle performance – The type of car you need to insure makes a substantial difference in your rates. Lower performance four cylinder passenger cars receive the most favorable rates, but there are many factors that impact the final cost.
The following chart uses these assumptions: married male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It shows Jeep Compass insurance rates compared to other models of vehicles that have different performances.
- Don’t buy incidental coverages that aren’t used – Insurance policies have a lot of additional extra coverages that sound like a good idea at the time on your Compass policy. Coverage for things like replacement cost coverage, accidental death, and additional equipment coverage are some examples. These coverages may sound good when deciding what coverages you need, but if you have no use for them remove them and pocket the money.
- Reduce prices by driving vehicles with better crash test results – Vehicles with high crash test scores tend to be cheaper to insure. These vehicles have better occupant injury protection and lower injury rates means your insurance company pays less which can result in lower premiums. If your Jeep Compass has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
- Urban residents pay more – Choosing to live in smaller towns and rural areas of the country can be a good thing when buying auto insurance. Fewer drivers means reduced accidents and lower theft and vandalism rates. City drivers have to deal with congested traffic and longer commute times. Spending more time driving can result in more accidents.
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Insurance loss data for a Jeep Compass – Auto insurance companies analyze claim trends for every vehicle when they file their rates in each state. Models that have higher losses will have higher rates.
The table below illustrates the historical loss data for Jeep Compass vehicles. For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is considered to be 100. Values that are below 100 indicate a favorable loss history, while percentage numbers above 100 indicate more frequent claims or an increased chance of larger losses than average.
Jeep Compass Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Jeep Compass 4dr 2WD 87 135 58 128 124 142 Jeep Compass 4dr 4WD 76 114 63 99 107 106 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Jeep Compass insurance discounts in Charlotte
Car insurance is not an enjoyable expense, but you might already qualify for some discounts that you may not even be aware of. Most are applied when you purchase, but lesser-known reductions have to be manually applied prior to receiving the credit. If you are not receiving all the discounts possible, you could be paying more than you need to.
- Active Service Discounts – Being on active duty in the military could be rewarded with lower prices.
- Senior Citizen Rates – If you qualify as a senior citizen, you can get a small discount on rates.
- Student in College – College-age children who live away from home at college and leave their car at home can receive lower rates.
- Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you can actually save on your bill.
- Organization Discounts – Participating in a qualifying organization could earn you a nice discount on your next renewal.
- Driver Safety – Completing a course teaching driver safety skills could cut 5% off your bill if your company offers it.
- Policy Bundle Discount – If you have multiple policies with the same company they may give you a discount of nearly 15% which can help you find cheap Compass insurance.
- Driving Data Discount – Charlotte drivers who agree to allow their car insurance company to spy on driving habits by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates if they show good driving skills.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, companies don’t profit that way.
The information below illustrates the difference between Jeep Compass annual premium costs with and without policy discounts. The data is based on a female driver, no violations or accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, multi-policy, claim-free, and safe-driver discounts applied.
A list of companies and some of their more popular discounts are outlined below.
- State Farm may offer discounts for driver’s education, multiple policy, passive restraint, Drive Safe & Save, safe vehicle, student away at school, and multiple autos.
- Progressive offers premium reductions for homeowner, online quote discount, online signing, multi-vehicle, and good student.
- Progressive discounts include online quote discount, good student, multi-policy, homeowner, and continuous coverage.
- MetLife has discounts for defensive driver, multi-policy, good student, good driver, accident-free, claim-free
- Farm Bureau may have discounts that include multi-vehicle, multi-policy, safe driver, good student, renewal discount, driver training, and 55 and retired.
- GEICO offers discounts including defensive driver, multi-vehicle, anti-lock brakes, seat belt use, and anti-theft.
- SAFECO has savings for teen safe driver, anti-theft, safe driver, accident prevention training, and multi-car.
If you need cheaper Charlotte car insurance quotes, ask each insurance company which credits you are entitled to. A few discounts might not be available to policyholders in Charlotte.
Which policy gives me the best coverage?
Always keep in mind that when comparing the best auto insurance coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that
For example, these questions might point out if your insurance needs might need an agent’s assistance.
- Which companies are cheaper for teen drivers?
- Can I still get insurance after a DUI?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Are split liability limits better than a combined single limit?
- Does rental coverage apply when I am renting a car?
- How can I get high-risk coverage after a DUI?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Can I rate high risk drivers on liability-only vehicles?
- Are there any extra discounts I can get?
If you can’t answer these questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
Auto insurance agents can help
A small number of people still prefer to get advice from a local agent and that can be a smart move One of the benefits of comparing car insurance online is you may find cheaper rates and still have a local agent. Buying from and supporting local agents is definitely important in Charlotte.
To help locate an agent, after submitting this form (opens in new window), the quote information is submitted to participating agents in Charlotte who can give free rate quotes for your coverage. It’s much easier because you don’t need to find an agent because prices are sent directly to you. You can get cheaper car insurance rates and work with a local agent. In the event you want to get a price quote from a particular provider, you would need to go to their quote page and give them your coverage information.
Exclusive and independent Charlotte auto insurance agents
If you are wanting to purchase car insurance from a good insurance agency, you must know there are a couple different types of agents and how they can quote your rates. Car insurance agents can be categorized as either independent agents or exclusive agents.
Independent Car Insurance Agencies or Brokers
These type of agents do not sell for just one brand so they can write business with many different companies and help determine which has the cheapest rates. If they find a lower price, your agent can switch companies and you don’t have to find a new agent.
If you need lower rates, you should always get some free quotes from independent agents so that you have a good selection of quotes to compare. Many write coverage with additional companies that you may not be familiar with which can save you money.
Listed below are Charlotte independent agencies who may provide competitive price quotes.
- All Points Insurance Agencies
5618 Albemarle Rd # 200 – Charlotte, NC 28212 – (980) 221-9468 – View Map - The Jordan Insurance Agency,LLC
13860 Ballantyne Corporate Pl #120 – Charlotte, NC 28277 – (704) 926-7565 – View Map - Biggs Insurance Group
13850 Ballantyne Corporate Pl #500 – Charlotte, NC 28277 – (704) 369-5270 – View Map
Exclusive Car Insurance Agencies
Exclusive insurance agents can only provide one company’s prices like State Farm, Allstate, and Farm Bureau. Exclusive agents cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually quite knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Some consumers prefer to buy from the same agent for years primarily because of the prominent brand name and solid financial strength.
The following are exclusive agents in Charlotte that can give you comparison quotes.
- State Farm: Jeremy Fulkerson
4805 Park Rd #103 – Charlotte, NC 28209 – (704) 523-9005 – View Map - Uwem Equan – State Farm Insurance Agent
5412 Central Ave b – Charlotte, NC 28212 – (704) 535-4090 – View Map - Michael Pritchard – State Farm Insurance Agent
8633 Monroe Rd d – Charlotte, NC 28212 – (704) 535-2292 – View Map
Finding the right auto insurance agent requires you to look at more than just a cheap price quote. These are some valid questions you should ask.
- Are claims handled at the agent’s location?
- Do you work with a CSR or direct with the agent?
- Is coverage determined by price?
- Are there any discounts that you might be missing?
- Which companies do they recommend if they are an independent agency?
- Are there any discounts for paying up front?
- Does the agency support the community they serve?
Once you have reasonable responses for all questions you ask and low cost Jeep Compass insurance quotes, it’s possible that you found a car insurance agent that can be relied on to service your policy.
Persistence will pay off
We just covered some good ideas how to get a better price on Jeep Compass insurance in Charlotte. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Drivers may even discover the best price on auto insurance is with some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas compared to the large companies like Progressive and GEICO.
When getting Charlotte car insurance quotes online, don’t be tempted to skimp on coverage in order to save money. There have been many cases where an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your goal should be to get the best coverage possible for the lowest price.
Additional information can be read at these links:
- What Does No-Fault Insurance Cover? (Allstate)
- Who Has Affordable Auto Insurance for Uninsured Drivers in Charlotte? (FAQ)
- Who Has Affordable Auto Insurance Rates for a GMC Sierra in Charlotte? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)