Want to know an easy way to compare lower-priced Jeep Cherokee insurance in Charlotte? Are you kicking yourself for buying an under-performing, overpriced insurance policy? Don’t sweat it because you’re not alone.
Unfortunately, almost 70% of drivers have stayed with the same insurance company for well over three years, and nearly half have never even shopped around for cheaper coverage. North Carolina insurance shoppers can save as much as $94 each year just by getting comparison quotes, but they don’t want to take the time to do a rate comparison.
Steps to finding affordable Jeep Cherokee insurance in Charlotte
The preferred way to get budget Jeep Cherokee insurance in Charlotte is to do an annual price comparison from insurers who provide auto insurance in North Carolina. Rate comparisons can be done by completing these steps.
First, learn about policy coverages and the steps you can take to drop your rates. Many things that cause rate increases like getting speeding tickets and an imperfect credit rating can be eliminated by making minor driving habit or lifestyle changes.
Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while agents who are independent can provide prices for many different companies. View insurance agents
Third, compare the new rates to your current policy premium to see if you can save by switching companies. If you find a lower rate quote and buy the policy, make sure there is no lapse in coverage.
Fourth, provide adequate notice to your current company of your intention to cancel your current policy. Submit the completed application along with a down payment for your new policy. Immediately upon receiving it, safely store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
One key aspect of rate comparisons is to try to compare identical coverage information on each quote and and to get rate quotes from every insurance company. Doing this ensures the most accurate price comparison and a better comparison of the market.
Numerous insurance companies battle for your business, so it can be very hard to choose a provider and uncover the absolute cheapest price on Jeep Cherokee insurance in Charlotte.
Consumers should take time to do rate comparisons yearly because insurance prices change frequently. Even if you think you had the best rate on Jeep Cherokee insurance in Charlotte a year ago a different company probably has better premium rates today. Block out anything you think you know about insurance because it’s time to teach you the right way to reduce your cost while increasing coverage.
The auto insurance companies shown below are our best choices to provide comparison quotes in North Carolina. To locate cheap car insurance in North Carolina, we suggest you visit as many as you can to find the most affordable auto insurance rates.
Car insurance in North Carolina serves several purposes
Despite the fact that car insurance is not cheap in Charlotte, buying car insurance serves several important purposes.
- Almost all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage in order to get the vehicle licensed. 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 you have a lien on your vehicle, most banks will require you to buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Jeep at a much higher rate and force you to pay the higher premium.
- Insurance safeguards your car and your assets. Insurance will pay for all forms of medical expenses that are the result of an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If your Jeep gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance more than cancel out the cost, especially if you ever need it. Despite what companies tell you, the average driver is overpaying over $750 every year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.
Seven factors that affect insurance rates
Many factors are part of the equation when premium rates are determined. Some are obvious like an MVR report, although others are less obvious like your continuous coverage or your financial responsibility.
The following are some of the most rate-impacting factors utilized by car insurance companies to help set your rate level.
Save money by eliminating incidental coverages – There are many additional extra coverages that you can get tricked into buying if you aren’t diligent. Things like vanishing deductibles, towing coverage, and extra life insurance coverage are probably not needed. These coverages may sound good initially, but your needs may have changed so remove them from your policy.
City traffic equals higher rates – Living in smaller towns and rural areas of the country is a good thing when talking about car insurance. Urban drivers have congested traffic and longer commute times. Lower population translates into fewer accident claims in addition to fewer liability claims.
Keep the miles off and save – The more you drive your Jeep each year the higher your rates will be. A lot of companies calculate prices based on how the vehicle is used. Cars and trucks left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. An improperly rated Cherokee may be wasting your money. Double check that your declarations sheet states the proper vehicle usage.
High deductibles cost less – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Jeep. Examples of some claims that would be covered are a dented fender, collision with an animal, and windstorm damage. Comprehensive and collision coverage deductibles tell how much the insured will be required to pay before a claim is paid by your company. The more you are required to pay out-of-pocket, the less money you will pay for car insurance.
Vehicles with better crash test results cost less to insure – Vehicles that have high safety ratings cost less to insure. These vehicles protect occupants better and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders.
Don’t let your policy lapse – Having a gap between insurance policy dates will be a quick way to bump up your car insurance costs. Not only will you pay more, the inability to provide proof of insurance could earn you fines and jail time.
How old are your drivers? – Drivers with little experience have been known to be less responsible when at the wheel of a vehicle so car insurance rates are higher. Parents adding a teen driver onto your car insurance can break the bank. More mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and receive fewer citations.
Jeep Cherokee claim data – Companies factor in historical loss data to help calculate premium costs. Models that are shown to have higher loss trends will have a higher premium rate. The data below shows the actual insurance loss data for Jeep Cherokee vehicles.
For each policy coverage type, the loss probability for all vehicles compiled together equals 100. Values that are below 100 imply a favorable loss record, while numbers that are greater than 100 indicate a higher chance of having a claim or statistically larger losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Jeep Cherokee 4dr 2WD | 76 | 105 | 77 | 87 | 90 | 109 |
| Jeep Cherokee 4dr 4WD | 78 | 115 | 82 | 75 | 79 | 103 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Which is the best auto insurance?
When it comes to buying your policy, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and your auto insurance should be unique as well.
Here are some questions about coverages that can help discover whether your personal situation would benefit from professional advice.
- Does car insurance cover theft of personal property?
- Do I need more liability coverage?
- How much cheaper are high deductibles?
- Do I need special endorsements for business use of my vehicle?
- Why is insurance for a teen driver so high in Charlotte?
- Am I covered when driving on a suspended license?
- Am I covered when delivering products for my home-based business?
- How does medical payments coverage work?
- Is my nanny covered when driving my vehicle?
If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
The best insurance company isn’t always the cheapest
When buying insurance coverage, it’s very important that you do not reduce coverage to reduce premium. Too many times, someone dropped uninsured motorist or liability limits only to regret at claim time that it was a big mistake. The goal is to buy the best coverage you can find at a price you can afford, but don’t skip important coverages to save money.
Some car insurance companies may not have internet price quotes and most of the time these regional insurance providers prefer to sell through independent insurance agents. More affordable car insurance in Charlotte can be bought online and from local insurance agents, so you need to compare both so you have a total pricing picture.
Steps to finding low-cost Jeep Cherokee insurance in Charlotte
The best way to find affordable Jeep Cherokee insurance in Charlotte is to annually compare prices from companies in North Carolina.
First, take a little time to learn about policy coverages and the changes you can make to prevent expensive coverage. Many things that result in higher rates like getting speeding tickets and poor credit history can be amended by improving your driving habits or financial responsibility.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple companies. Click to view companies
Third, compare the new quotes to your current policy premium to see if a cheaper rate is available in Charlotte. If you find a better price and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current agent or company to cancel your existing policy and submit the signed application along with the required initial payment for your new coverage. Don’t forget to place your new certificate verifying coverage along with your vehicle registration.
An essential thing to point out is to make sure you’re comparing identical limits and deductibles on each price quote and and to get prices from as many car insurance companies as possible. Doing this guarantees an accurate price comparison and a thorough selection of prices.
Additional information is available at the links below
- Crash Avoidance Technologies FAQ (iihs.org)
- How Much are Car Insurance Quotes for a Toyota Corolla in Charlotte? (FAQ)
- Who Has Affordable Charlotte Auto Insurance Rates for Welfare Recipients? (FAQ)
- Who Has the Cheapest Auto Insurance for Teachers in Charlotte? (FAQ)
- Who Has Affordable Auto Insurance for 18 Year Olds in Charlotte? (FAQ)
- Auto Insurance 101 (About.com)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Information for Teen Drivers (GEICO)