It’s amazing but most drivers in North Carolina have bought insurance from the same company for at least the last four years, and virtually 40% of consumers have never even compared rates from other companies. American drivers can cut their rates by $860 a year just by getting comparison quotes, but most undervalue the big savings they would realize if they switched to a cheaper policy.
Truthfully, the best way to find cheaper car insurance rates is to start doing an annual price comparison from different companies that sell auto insurance in Greensboro. You can shop around by completing these steps.
First, gain an understanding of what is in your policy and the measures you can take to prevent expensive coverage. Many policy risk factors that result in higher prices such as speeding tickets, careless driving and a substandard credit score can be improved by making lifestyle changes or driving safer.
Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide prices from many different companies.
Third, compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates and make a switch, make sure coverage does not lapse between policies.
Fourth, notify your agent or company to cancel your current coverage and submit a signed application and payment to your new company or agent. As soon as coverage is bound, store the proof of insurance paperwork somewhere easily accessible.
One thing to remember is to try to compare the same level of coverage on each quote request and and to get prices from as many carriers as you can. Doing this guarantees a fair rate comparison and the best price quote selection.
Score discounts to get cheaper Greensboro car insurance quotes
Auto insurance companies do not list all available discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous discounts that may be available.
- Multiple Vehicles – Buying a policy with multiple vehicles on one policy may reduce the rate for each vehicle.
- Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up may be able to save a few bucks on the medical payments or PIP coverage costs.
- Government Employees – Having worked for a branch of the government could cut as much as 10% off with some car insurance companies.
- Discount for Swiching Early – A few larger companies offer discounts for renewing your policy before your current coverage expires. This can save 10% or more.
- Senior Discount – Drivers over the age of 55 may qualify for a small discount on rates.
- Homeowners Savings – Owning a house in Greensboro can save a few bucks because it requires a higher level of personal finance.
- Telematics Discount – Insureds that choose to allow driving data submission to analyze their driving habits by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
- Low Mileage Discounts – Driving fewer miles could earn discounted prices on garaged vehicles.
- Defensive Driver – Taking part in a defensive driving class could save 5% or more if your company offers it.
- New Vehicle Savings – Insuring a vehicle that is new can be considerably cheaper since newer models have better safety ratings.
It’s important to understand that most of the big mark downs will not be given to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
The chart below shows the difference between Mitsubishi Lancer car insurance costs with and without some available policy discounts. The premiums are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, marriage, multi-car, and claim-free discounts applied.
Insurance companies that possibly offer these benefits possibly include:
When getting a coverage quote, ask each company or agent which discounts can lower your rates. Savings might not be available to policyholders in Greensboro. To see companies that offer discounts in North Carolina, follow this link.
Most larger insurance companies like Progressive, GEICO, Allstate and State Farm make it easy to get coverage price quotes from their websites. Comparing Mitsubishi Lancer insurance rates online is very simple as you simply enter your coverage information as requested by the quote form. Once entered, the company’s rating system sends out for reports for credit and driving violations and generates a price based on the data you entered.
Using the web to get rates for Mitsubishi Lancer insurance in Greensboro makes comparing rates easy, and it’s necessary to perform this step in order to get cheap rates.
To compare rates using this form now, compare rates now from the companies shown below. To compare your current rates, we recommend you type in the limits and deductibles exactly as shown on your declarations page. This ensures you will be getting a price comparison for exact coverage.
The providers in the list below are ready to provide price comparisons in Greensboro, NC. If your goal is to find cheap car insurance in NC, we recommend you visit as many as you can to get the best price comparison.
Coverage statistics and figures
The coverage information shown next covers detailed analysis of prices for Mitsubishi Lancer models. Having a better understanding of how premiums are formulated is important for making informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lancer Sportback GTS||$232||$514||$262||$16||$78||$1,102||$92|
|Lancer Sportback Ralliart||$256||$582||$262||$16||$78||$1,194||$100|
|Get Your Own Custom Quote Go|
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in your specific Greensboro location which can decrease or increase auto insurance rates significantly.
The information below shows how choosing a deductible and can influence Mitsubishi Lancer premium costs for each different age category. The information is based on a married male driver, full coverage, and no policy discounts are applied.
Illustration showing the impact of accidents and violations
The example below highlights how speeding tickets and accidents can raise Mitsubishi Lancer insurance rates for different insured age categories. The premiums are based on a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The information below shows the comparison of Mitsubishi Lancer premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no clear-cut rule for excluding physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Mitsubishi Lancer claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after the deductible is paid. If you are currently paying more than $600 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some cases where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Insurance agent or online?
Some consumers would rather talk to a local agent and doing so can bring peace of mind One of the benefits of comparing rate quotes online is you can get lower rates and also buy local.
For easy comparison, once you complete this quick form, the quote information is transmitted to agents in your area that can provide free Greensboro car insurance quotes and help you find cheaper coverage. You won’t even need to drive around as quotes are delivered directly to you. It’s the lowest rates and work with a local agent. If you have a need to compare rates from one company in particular, you would need to visit that company’s website and fill out the quote form the provide.
Selecting an insurance company should include more criteria than just the price. These are some valid questions you should ask.
- Do you qualify for any additional discounts?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is assistance available after office hours?
- Do they see any coverage gaps in your plan?
- How is replacement cost determined on your vehicle?
- What insurance company do they write the most business with?
- How often do they review coverages?
- Will the agent or a CSR service your policy?
Exclusive and independent Greensboro car insurance agents
If you want to buy auto insurance from local Greensboro agents, there are a couple of types of agencies and how they differ in how they quote coverages. Auto insurance agents are categorized either exclusive agents or independent agents.
Exclusive agents normally can only provide a single company’s rates such as Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. These agents receive a lot of sales training on their products and sales techniques which can be an advantage. Consumers sometimes choose to use a exclusive agent partially due to high brand loyalty rather than having the cheapest rates.
Shown below is a short list of exclusive insurance agencies in Greensboro who can help you get comparison quotes.
- State Farm: Ashley Collins
w ste b 27403, 1610 W Friendly Ave – Greensboro, NC 27403 – (336) 274-7900 – View Map
- Jim Degraphenreid – State Farm Insurance Agent
4218 Hilltop Rd – Greensboro, NC 27407 – (336) 854-1737 – View Map
- Charlie Ganim – State Farm Insurance Agent
2008 New Garden Rd – Greensboro, NC 27410 – (336) 282-9229 – View Map
Independent Auto Insurance Agencies
Agents that choose to be independent often have many company appointments and that gives them the ability to insure through lots of different companies depending on which coverage is best. If your agent finds better pricing, they can switch companies in-house and you don’t have to switch agencies. When comparing rate quotes, you need to include at least one independent agent in order to have the best price comparison. Most also have access to smaller regional carriers which may provide better rates.
Shown below are Greensboro independent agents who can help you get rate quotes.
- TOM NEEDHAM INSURANCE AGENCY
3411-B W Wendover Ave – Greensboro, NC 27407 – (336) 855-1223 – View Map
- Nationwide Insurance: O Hanlon Insurance and Financial Services
5411D W Friendly Ave d – Greensboro, NC 27410 – (336) 288-1208 – View Map
- The Beacon Insurance Group
1515 W Cornwallis Dr Suite 206 – Greensboro, NC 27408 – (336) 378-0740 – View Map
Quote more and you will save more
Throughout this article, we presented many tips how you can reduce Mitsubishi Lancer insurance prices online in Greensboro. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even find the lowest priced car insurance comes from some of the lesser-known companies.
When shopping online for car insurance, you should never skimp on coverage in order to save money. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The aim is to purchase plenty of coverage at an affordable rate.
Consumers who switch companies do it for many reasons like policy non-renewal, delays in responding to claim requests, lack of trust in their agent or even unfair underwriting practices. It doesn’t matter what your reason, switching car insurance companies is pretty easy and you might even save some money in the process.
Additional learning opportunities
- Auto Crash Statistics (Insurance Information Institute)
- Who Has Cheap Greensboro Auto Insurance for 19 Year Olds? (FAQ)
- What Auto Insurance is Cheapest for a School Permit in Greensboro? (FAQ)
- Who Has Affordable Car Insurance Quotes for Drivers with Accidents in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Auto Insurance Rates for Teachers? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Rental Car Insurance Tips (Insurance Information Institute)