Best Greensboro Toyota Avalon Insurance

Discount Toyota Avalon insuranceAmazingly, a recent study showed that the vast majority of insurance customers have been with the same company for well over three years, and roughly 40% of drivers have never quoted insurance rates at all. Greensboro drivers could save nearly $100 each year by just comparing rate quotes, but most tend to underestimate the benefits if they just switched companies.

If saving the most money is your goal, then the best way to get affordable auto insurance rates in Greensboro is to start doing a yearly price comparison from different companies who provide auto insurance in North Carolina. You can shop around by completing these steps.

One thing to point out is to make sure you enter the same liability limits and deductibles on every quote request and and to get quotes from as many companies as you can. This enables a fair price comparison and the best price selection.

Finding cheaper insurance rates is a great way to save money. Consumers just need to take a couple of minutes comparing rate quotes online from several insurance companies.

Doing price comparisons online is so simple that it replaces the need to make phone calls or go to different agent offices. Quoting Toyota Avalon insurance online has made agencies unnecessary unless you have a complicated situation and need the extra assistance that only an agent can give. It is possible with some companies obtain prices from the web but have a local agent actually write the policy.

The companies shown below provide quotes in North Carolina. To buy cheap auto insurance in NC, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Cheap Greensboro car insurance quotes with discounts

The price of auto insurance can be rather high, but you may be missing some discounts that many people don’t even know exist. Some discounts apply automatically at the time of purchase, but less common discounts must be specifically requested before they will apply.Discount car insurance

A quick disclaimer, some credits don’t apply to the entire cost. Most only reduce specific coverage prices like comp or med pay. If you do the math and it seems like you can get free auto insurance, companies wouldn’t make money that way.

The illustration below shows the difference between Toyota Avalon insurance premiums with and without discounts applied. The premium estimates are based on a female driver, no accidents, no 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 safe-driver, marriage, multi-car, claim-free, multi-policy, and homeowner discounts applied.

A few companies that may offer some of the above discounts include:

If you need inexpensive Greensboro car insurance quotes, ask every insurance company to apply every possible discount. A few discounts may not apply to policyholders in Greensboro. To locate companies who offer discounts in North Carolina, follow this link.

Auto insurance statistics for a Toyota Avalon

The table displayed below covers estimates of coverage prices for Toyota Avalon models. Knowing how auto insurance premiums are established is important to be able to make informed coverage decisions.

Toyota Avalon Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $242 $386 $212 $12 $64 $916 $76
Avalon XLS $242 $456 $212 $12 $64 $986 $82
Avalon Limited $270 $456 $212 $12 $64 $1,014 $85
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Estimates do not factor in specific zip code location which can alter premiums significantly.

Physical damage deductibles: Should you raise them?

A question often asked by Greensboro drivers is which deductibles should you choose. The rates shown below can help you visualize the differences in price when you choose different policy deductibles. The first data table uses a $100 deductible for comp and collision and the second pricing table uses a $500 deductible.

Toyota Avalon insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $242 $386 $212 $12 $64 $941 $78
Avalon XLS $242 $456 $212 $12 $64 $1,011 $84
Avalon Limited $270 $456 $212 $12 $64 $1,039 $87
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Toyota Avalon insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $176 $262 $212 $12 $64 $726 $61
Avalon XLS $176 $308 $212 $12 $64 $772 $64
Avalon Limited $196 $308 $212 $12 $64 $792 $66
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in zip code location which can alter rates considerably.

Based on these figures, using a $100 deductible will cost you about $19 more each month or $228 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 21 months between claims, you would probably be better off if you elect the higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $83
Average monthly premium for $500 deductibles (subtract): – $64
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One big caveat is that raising deductibles results in having to pay to pay more out-of-pocket when you have to file a claim. That will require some funds available in the event you need to pay more for the deductible.

Cut Insurance Costs with These Tips

Lots of things are taken into consideration when pricing auto insurance. Some are pretty understandable like a motor vehicle report, although others are more obscure like your continuous coverage or how safe your car is. When buying insurance it’s important to understand the rating factors that play a part in calculating the price you pay for insurance. If you know what influences your rates, this helps enable you to make changes that could result in big savings.

Discounts for GPS tracking and theft deterrents – Choosing a vehicle with advanced anti-theft systems can help bring down rates. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder car theft.

Safer vehicles are cheaper to insure – Cars with five star safety ratings cost less to insure. Vehicles engineered for safety have better occupant injury protection and fewer serious injuries translates into fewer and smaller insurance claims and thus lower rates.

Employer reflects on premiums – Occupational choices like lawyers, airline pilots, and financial analysts tend to pay the highest average rates because of high stress and long work days. On the other hand, jobs such as professors, historians and the unemployed pay the least.

Expect high rates for teens – Teenage drivers in North Carolina are known to be more careless when driving with friends so they pay higher insurance rates. If you’ve ever had to add a young driver to your insurance policy can be very expensive. Older, more experienced drivers tend to be more responsible, file fewer claims, and get fewer tickets.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Drivers with excellent credit save on insurance – Your credit history is a big factor in determining what you pay. Consumers who have very good credit scores tend to be less risk to insure as compared to drivers with lower ratings. If your credit score leaves room for improvement, you may save money insuring your Toyota Avalon by taking the time to improve your credit score.

Frequent claims will cost more – Car insurance companies in North Carolina award the best rates to insureds who do not rely on their insurance for small claims. If you file claims often, you can look forward to either higher rates or even cancellation. Auto insurance is meant to be used in the event of more catastrophic claims.

Insurance losses for a Toyota Avalon – Insurers use data from past claims to calculate a price that will offset losses. Vehicles that the data shows to have higher prevalence or dollar amount of losses will have increased rates. The table below shows the compiled insurance loss statistics for Toyota Avalon vehicles.

For each coverage category, the loss probability for all vehicles as a whole is equal to 100. Percentages below 100 indicate better than average losses, while numbers above 100 indicate frequent claims or statistically larger losses.

Car Insurance Loss Data for Toyota Avalon Models
Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Avalon 113 72 112 106 98 74
Toyota Avalon Hybrid 120 72 132 107 85 80

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years