Smart shoppers know that auto insurance companies don’t want you to look at other companies. People who shop around for better prices will presumably switch companies because of the good chance of getting low-cost coverage. Remarkably, a study showed that people who compared prices once a year saved on average $865 a year compared to policyholders who never compared other company’s rates.
If finding the best rates on auto insurance in Greensboro is your ultimate target, then learning about the best way to quote and compare insurance rates can save time, money, and frustration.
If you want to find the absolute lowest rates, then the best way to find cheaper quotes for Lexus RC 200t insurance in Greensboro is to do an annual price comparison from providers in North Carolina.
First, try to understand how your policy works and the factors you can control to keep rates down. Many things that cause rate increases such as getting speeding tickets and a less-than-favorable credit history can be remedied by making lifestyle changes or driving safer. Later in this article we will cover the details to prevent rate hikes and find overlooked discounts.
Second, compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO or Allstate, while independent agencies can provide price quotes from many different companies.
Third, compare the quotes to your existing policy to determine if you can save on RC 200t insurance. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.
Fourth, tell your current company of your decision to cancel your existing policy. Submit a down payment along with a completed application to the new company. Once coverage is bound, put the new certificate of insurance above your visor, in the console, or in the glove compartment.
An important note is that you’ll want to make sure you compare the same deductibles and limits on every price quote and and to get price quotes from as many companies as feasibly possible. This ensures an apples-to-apples comparison and a complete selection of prices.
Obtaining price quotes for the lowest cost car insurance coverage in Greensboro is actually quite simple. If you’re already insured or need a new policy, use these money-saving tips to find the best rates and still get good coverage. You just need to know the least time-consuming way to compare rates over the internet.
Score discounts on Greensboro car insurance
Auto insurance companies don’t always advertise the complete list of policy discounts very clearly, so here is a list a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy Greensboro auto insurance online.
- Onboard Data Collection – Insureds that choose to allow companies to analyze vehicle usage by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they exhibit good driving behavior.
- Good Driver Discount – Drivers who don’t get into accidents can save up to 40% or more on their Greensboro auto insurance quote as compared to drivers with claims.
- Early Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
- Good Students Pay Less – Getting good grades can save 20 to 25%. The discount lasts until age 25.
- Low Miles Discount – Maintaining low annual mileage can qualify you for better car insurance rates on cars that stay parked.
As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, car insurance companies aren’t that generous.
Large car insurance companies and some of the premium reductions they offer are included below.
- State Farm offers discounts including passive restraint, accident-free, safe vehicle, Steer Clear safe driver discount, and multiple autos.
- American Family policyholders can earn discounts including good driver, air bags, accident-free, TimeAway discount, and mySafetyValet.
- GEICO offers discounts for emergency military deployment, seat belt use, defensive driver, multi-policy, and anti-theft.
- 21st Century may offer discounts for driver training, 55 and older, good student, theft prevention, automatic seat belts, air bags, and teen driver.
- Progressive includes discounts for good student, homeowner, continuous coverage, online signing, online quote discount, multi-policy, and multi-vehicle.
Before purchasing a policy, check with all the companies what discounts are available to you. Depending on the company, some discounts may not apply everywhere.
Car insurance coverages for a Lexus RC 200t
Knowing the specifics of your car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most car insurance policies.
This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as rock chips in glass, damage from flooding, a tree branch falling on your vehicle, vandalism and theft. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability car insurance
This protects you from damage that occurs to other’s property or people. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 30/60/25 which means $30,000 in coverage for each person’s injuries, a limit of $60,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims such as repair bills for other people’s vehicles, court costs, bail bonds, emergency aid and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford. North Carolina state minimum liability requirements are 30/60/25 but you should think about purchasing higher limits.
The next chart demonstrates why buying minimum limits may not be adequate coverage.
This will pay to fix damage to your RC 200t resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like rolling your car, hitting a mailbox, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible on your RC 200t in order to get cheaper collision rates.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like hospital visits, X-ray expenses, dental work and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage
This coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lexus RC 200t.
Because many people carry very low liability coverage limits (30/60/25 in North Carolina), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Car insurance companies ranked
Finding the right car insurance provider is difficult considering how many companies provide coverage in Greensboro. The company ratings displayed below may help you select which coverage providers you want to consider comparing rates from.
Top 10 Greensboro Car Insurance Companies Overall
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Be persistent and save
There are still a few companies who do not provide the ability to get quotes online and usually these regional insurance providers only sell coverage through local independent agents. Lower-priced Lexus RC 200t insurance in Greensboro is available both online as well as from independent agents in Greensboro, and you need to comparison shop both in order to have the best chance of saving money.
We just presented a lot of ways to get a better price on Lexus RC 200t insurance in Greensboro. The most important thing to understand is the more quotes you get, the higher the chance of saving money. Consumers may even find the lowest car insurance rates come from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give better rates compared to the large companies like Progressive and GEICO.
As you quote Greensboro auto insurance, make sure you don’t buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped comprehensive coverage or liability limits only to discover later that it was a big error on their part. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
More detailed auto insurance information can be read by following these links:
- Think You’re a Safe Driver? (State Farm)
- Who Has Cheap Auto Insurance for a Subaru Forester in Greensboro? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Young Drivers in Greensboro? (FAQ)
- Who Has Affordable Car Insurance Rates for State Employees in Greensboro? (FAQ)
- Frontal Crash Tests (iihs.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)