Best Ford Transit Connect Insurance in Charlotte

Discount Ford Transit Connect insuranceThe best way we recommend to get more affordable Ford Transit Connect insurance is to make a habit of comparing prices annually from insurance carriers who can sell car insurance in Charlotte. Rates can be compared by completing these steps.

The key thing to know about shopping around is to make sure you enter similar limits and deductibles on each quote and and to get rate quotes from every insurance company. Doing this enables a fair rate comparison and the best price quote selection.

It’s hard to believe, but a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for well over three years, and practically 40% of auto insurance customers have never compared rates with other companies. The average driver in Charlotte could cut their rates by $94 a year by just shopping around, but they don’t believe the large savings they would see if they switched.

Locating the best insurance policy in Charlotte is not as hard as you may think. Practically each driver who quotes insurance will most likely be able to cut their insurance bill. But North Carolina vehicle owners can benefit from knowing the way insurance companies market on the web and use this information to your advantage.

Shop Ford Transit Connect insurance online

There are several ways of comparing rate quotes from all the different companies. The recommended way to do a complete rate comparison consists of obtaining rate quotes online.

Getting free price quotes online is quite simple, and it makes it obsolete to call or drive to insurance agents’ offices. The internet reduces the need to sit down with an agent unless you prefer the professional assistance that can only be provided by a licensed insurance agent. It is possible to get the lowest quotes online but purchase the actual policy in an agency.

Just remember that comparing more rates from different companies increases the chance that you will find a lower rate.

The companies shown below are ready to provide free rate quotes in North Carolina. If multiple companies are listed, we recommend you get rate quotes from several of them in order to get a fair rate comparison.

Rates and information analytics

The table displayed below highlights detailed analysis of coverage costs for Ford Transit Connect models. Having a good grasp of how car insurance premiums are formulated can benefit drivers when making decisions when choosing a new policy provider.

Ford Transit Connect Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $102 $234 $302 $18 $90 $746 $62
Transit Connect XLT 2WD $102 $234 $302 $18 $90 $746 $62
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in your specific Charlotte location which can decrease or increase coverage rates substantially.

Physical damage deductibles: Should you raise them?

One of the more difficult decisions when buying insurance is how high should the physical damage deductibles be. The following tables may help you to understand the difference in cost between high and low physical damage deductibles. The first price estimate table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Ford Transit Connect insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $186 $386 $250 $14 $74 $935 $78
Transit Connect XLT 2WD $186 $386 $250 $14 $74 $935 $78
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Ford Transit Connect insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $104 $204 $250 $14 $74 $646 $54
Transit Connect XLT 2WD $104 $204 $250 $14 $74 $646 $54
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate quotes do not factor in garaging location in Charlotte which can influence prices significantly.

Based on the figures above, using a $100 deductible costs about $24 more each month or $288 a year than choosing the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 38 months between claims, you would save more money if you elect the higher deductible.

Should you buy full coverage?

The diagram below illustrates the comparison of Ford Transit Connect premium costs with full physical damage coverage compared to only buying liability only. The data assumes no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your Ford Transit Connect settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after you pay the deductible. If it’s costing in excess of $400 a year to have full coverage, then you may need to consider dropping full coverage.

There are some scenarios where only buying liability is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

Local insurance agents

Some people just want to buy from a local agent and that is just fine! One of the great benefits of getting free rate quotes online is the fact that drivers can get lower rates but also keep your business local. And supporting local agencies is definitely important in Charlotte.

Insurance agents in CharlotteOnce you complete this short form, the coverage information is emailed to participating agents in Charlotte who will give you quotes for your business. You never need to find an agent because quoted prices will be sent directly to you. You can find the lowest rates and an insurance agent to talk to. If you want to get a price quote for a specific company, you just need to search and find their rate quote page and complete a quote there.

Car insurance agents in Charlotte come in two varieties

When researching a local Charlotte insurance agent, you must know there are a couple types of agencies that you can choose from. Car insurance agents are either independent or exclusive.

Independent Car Insurance Agencies

These type of agents are not employed by any specific company so as a result can place your coverage with any number of different companies depending on which coverage is best. If you want to switch companies, the agent simply finds a different carrier and that require little work on your part.

If you need lower rates, you need to check rates from at least one independent agent so that you have a good selection of quotes to compare.

Shown below are independent agents in Charlotte that can give you comparison quotes.

3121 Springbank Ln FCharlotte, NC 28226(704) 752-8233View Map

2210 Crownpoint Executive DrCharlotte, NC 28227(704) 814-4343View Map

725 Providence Rd #100Charlotte, NC 28207(704) 333-6694View Map

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Exclusive Car Insurance Agents

These agents can only place business with one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot shop your coverage around so always compare other rates. These agents are very knowledgeable on their company’s products which helps them compete with independent agents.

Shown below are Charlotte exclusive agents who can help you get price quotes.

2730 E W.T. Harris Blvd #202Charlotte, NC 28213(704) 535-3700View Map

Roger Craig – State Farm Insurance Agent
1427 Emerywood DrCharlotte, NC 28210(704) 553-2327View Map

2201 South Blvd #420Charlotte, NC 28203(704) 362-0800View Map

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Selecting an insurance agency should include more criteria than just the quoted price. Any agent in Charlotte should be willing to answer these questions.