If you want to save the most money, the best way to get more affordable Honda CR-Z insurance is to do an annual price comparison from insurance carriers in Greensboro.
Step 1: Spend a few minutes and learn about auto insurance and the changes you can make to prevent rate increases. Many rating criteria that increase rates like accidents, traffic violations, and a poor credit score can be improved by paying attention to minor details. This article provides tips to get lower rates and find discounts that you may qualify for.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or State Farm, while independent agencies can provide price quotes from multiple companies.
Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate quote, make sure there is no coverage gap between policies.
A valuable tip to remember is to make sure you’re comparing identical coverages on every price quote and and to get price quotes from all possible companies. Doing this enables a fair rate comparison and the most accurate and complete price analysis.
Surprisingly, a recent survey revealed that the vast majority of drivers have bought auto insurance from the same company for over three years, and roughly 40% of drivers have never quoted rates to find lower-cost coverage. Many consumers in America could pocket nearly $859 a year by just shopping around, but most just don’t grasp the benefits if they switched.
Finding affordable insurance coverage in Greensboro can be made easier if you know where to look. Virtually everyone who is required to buy insurance will probably find a lower-cost policy. But North Carolina vehicle owners must comprehend how companies determine premium rates and apply this information to your search.
Save with these money saving discounts
Some companies don’t list all available discounts in an easy-to-find place, so we break down both the well known and the more hidden discounts that you may qualify for.
- Distant Student Discount – Children who attend college more than 100 miles from Greensboro and leave their car at home could get you a discount.
- Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last up to age 25.
- Government Employees – Active or retired federal employment can save as much as 8% with select insurance companies.
- Policy Bundle Discount – If you have multiple policies and insure them both with the same insurance company you could save nearly 15% which can help you find cheaper CR-Z insurance.
- Club Memberships – Participating in certain professional organizations could earn you a nice discount on your next car insurance statement.
- Early Signing – Some insurance companies reward drivers for switching to them before your current CR-Z insurance policy expires. It can save you around 10%.
- E-sign Discounts – A few larger online companies will discount your bill up to fifty bucks just for signing your application over the internet.
- Low Mileage – Driving less can earn discounted premium rates on garaged vehicles.
- Claim-Free Discount – Insureds who avoid accidents and claims can earn big discounts in comparison with bad drivers.
We need to note that some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, that’s just not realistic.
A partial list of companies that may offer policyholders these benefits possibly include:
When comparing rates, check with every prospective company which discounts can lower your rates. Savings might not apply in Greensboro. To choose providers that offer multiple discounts in North Carolina, click here.
How to find cheap Honda CR-Z insurance in Greensboro
When shopping for low cost Greensboro car insurance quotes, there are a couple of ways to compare quotes from different companies. The easiest way by far to find the cheapest Honda CR-Z insurance rates consists of obtaining rate quotes online.
When quoting auto insurance, remember that getting more free quotes gives you a better chance of getting the best rates.
The companies shown below have been selected to offer price quotes in Greensboro, NC. If you wish to find the best car insurance in Greensboro, we suggest you get rate quotes from several of them to get a more complete price comparison.
How do Insurance Providers Determine Honda CR-Z Insurance Rates?
Many factors are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but other factors are more transparent such as your marital status or your commute time.
Never let your insurance policy lapse – Going without insurance is a guaranteed way to trigger a rate increase. In addition to paying higher rates, the inability to provide proof of insurance may result in a hefty fine and possibly a revoked license. You will then be forced to prove you have insurance by filing a SR-22 with the North Carolina DMV.
Multiple policies with one company can save – Some companies will award lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s always a smart idea to check prices from other companies to help guarantee you have the best rates.
Get a ticket, pay higher rates – Being a careful driver has a huge affect on how much you pay. Getting just one ticket can bump up the cost by twenty percent. Drivers with clean records get better rates than people who have multiple driving citations. Drivers who have multiple citations such as DUI or reckless driving may be required to prove financial responsibility with their state’s licensing department in order to prevent their license from being revoked.
What are good liability limits? – The liability coverage on your policy will provide protection when a court rules you are at fault for an accident. Your liability coverage provides for a legal defense to attempt to prove you were not liable. Liability is cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
Insurance loss probability for a Honda CR-Z – Insurance companies analyze claim trends for every vehicle when they calculate premium rates for each model. Vehicles that statistically have increased claim numbers or amounts will have higher premium rates.
The table below demonstrates the collected loss data for Honda CR-Z vehicles. For each coverage category, the claim amount for all vehicles, as an average, is considered to be 100. Percentage numbers below 100 suggest a better than average loss history, while percentage values above 100 show a trend for more claims or statistically larger claims.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda CR-Z Hybrid||106||87||83||98|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Will just any policy work for me?
When quoting and comparing your policy for your personal vehicles, there is no cookie cutter policy. Each situation is unique so your insurance needs to address that. These are some specific questions might help in determining if your insurance needs may require specific advice.
- Am I insured when driving a different vehicle?
- Is extra glass coverage worth it?
- How much underlying liability do I need for an umbrella policy?
- Do I need medical payments coverage since I have good health insurance?
- Are there companies who specialize in insuring high-risk drivers?
- What are good deductibles for a Honda CR-Z?
- How can I find cheaper teen driver insurance?
- When would I need rental car insurance?
- How much liability do I need to cover my assets?
- Do I have newly-acquired coverage?
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
You may want advice from a local insurance agent
Many drivers would rather visit with an insurance agent and that is OK! A good thing about comparing rate quotes online is that you can obtain the best rates and still choose a local agent.
To find an agent, once you fill out this short form, your information gets sent to participating agents in Greensboro who will gladly provide quotes and help you find cheaper coverage. It makes it easy because there is no need to find an agent on your own since price quotes are sent to you instantly. You can find better rates and an insurance agent to talk to. If you have a need to get a comparison quote from one company in particular, you can always navigate to their website and fill out the quote form the provide.
Picking the best provider requires you to look at more than just the quoted price. The answers to these questions are important, too.
- How many companies do they write for?
- Are they able to provide referrals?
- If your car is in the repair shop, do you have coverage for a rental car?
- Can glass claims be handled at your home?
- Is the coverage adequate for your vehicle?
- How would your car be valued if totaled?
- Does their agency support local causes in Greensboro?
Pick the best car insurance agent in Greensboro for you
If you want to use a reliable agent, there are two types of agencies to choose from. Insurance policy providers can be categorized as either exclusive or independent.
Exclusive Insurance Agents
These agents can only provide pricing for a single company and some examples include State Farm, AAA, and Liberty Mutual. These agents are unable to provide other company’s prices so keep that in mind. Exclusive agencies receive extensive training in insurance sales and that enables them to sell even at higher rates. Some consumers prefer to purchase coverage from exclusives partially due to the brand name rather than low rates.
The following is a list of exclusive agencies in Greensboro that can give you price quotes.
- Allstate Insurance: Terrence Williams
2109 New Garden Rd D – Greensboro, NC 27410 – (336) 282-0461 – View Map
- Jim Goard – State Farm Insurance Agent
407 Parkway Ave c – Greensboro, NC 27401 – (336) 274-1918 – View Map
- Adam Lemmert – State Farm Insurance Agent
3711 Elmsley St #106 – Greensboro, NC 27406 – (336) 482-2200 – View Map
Independent Insurance Agencies
These type of agents can sell policies from many different companies so they can insure your vehicles through many different insurance companies and find the cheapest insurance rates. If they find a cheaper price, they simply switch companies in-house and you won’t have to switch agencies.
When searching for an agent, we highly recommend that you compare quotes from a few independent agents for maximum quote selection. Most also write with lesser-known insurance companies that may provide cheaper insurance rates.
Shown below are independent insurance agencies in Greensboro willing to provide rate quotes.
- Nationwide Insurance: O Hanlon Insurance and Financial Services
5411D W Friendly Ave d – Greensboro, NC 27410 – (336) 288-1208 – View Map
- Barnett-Smith Insurance
218 N Eugene St – Greensboro, NC 27401 – (336) 272-4554 – View Map
- Ratterree Insurance Agency
5206 W Market St – Greensboro, NC 27409 – (336) 369-0508 – View Map
If you receive positive responses to any questions you may have and an acceptable price quote, you may have just found an auto insurance agent that meets your needs to provide insurance coverage. Just understand that consumers can cancel a policy when you choose so never feel that you are permanently stuck with a specific agent for the full term.
Car insurance is not optional but you don’t have to overpay
Despite the high cost, car insurance is required in North Carolina but also provides important benefits.
First, most states have compulsory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance if you drive a vehicle. 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.
Second, if you bought your vehicle with a loan, almost all lenders will make it a condition of the loan that you buy insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Honda at a much higher rate and require you to fork over the higher premium.
Third, car insurance preserves both your assets and your vehicle. Insurance will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If you have damage to your Honda as the result of the weather or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying car insurance greatly outweigh the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying over $850 per year so you should quote rates at least once a year to help ensure money is not being wasted.
We just showed you many tips how you can compare Honda CR-Z insurance rates in Greensboro. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even be surprised to find that the best price on auto insurance is with a small mutual company. Regional companies can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.
As you prepare to switch companies, it’s very important that you do not buy poor coverage just to save money. There are too many instances where someone dropped uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase a proper amount of coverage at the lowest possible cost, not the least amount of coverage.
For more information, feel free to browse these articles:
- What Does No-Fault Insurance Cover? (Allstate)
- Who Has the Cheapest Greensboro Car Insurance for 16 Year Olds? (FAQ)
- Who Has Cheap Auto Insurance for Used Cars in Greensboro? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Explorer in Greensboro? (FAQ)
- Teen Driving Statistics (GEICO)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)