Best Ways to Save on Charlotte Buick Enclave Insurance

How long has it been since you compared quotes for more competitive Buick Enclave insurance in Charlotte? Are you irritated from paying out the nose to pay high auto insurance rates every month? You are in the same boat as millions of other vehicle owners.

We don’t have to point out that fact that auto insurance companies want to keep your business as long as possible. Drivers who shop around at least once a year will most likely move their business because there are good odds of finding a policy with better rates. A study showed that people who made a habit of comparing rate quotes saved approximately $850 each year compared to those who never shopped around for cheaper prices.

If finding the lowest price for car insurance is the reason for your visit, then learning about how to compare insurance premiums can make the process less intimidating.

Since vehicle owners have many choices of insurance companies that have cheap insurance for a Buick Enclave in Charlotte, it’s difficult to find the most affordable insurance company.

Insurance coverage analysis

The data table displayed next showcases estimates of rate quotes for Buick Enclave models. Learning a little about how rates are determined can be valuable when making decisions when shopping your coverage around.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in garaging location in Charlotte which can revise auto insurance rates substantially.

Analysis of deductible levels

One of the most common auto insurance questions is which deductibles should you choose. The comparison tables below may aid in understanding the rate difference between high and low insurance deductibles. The first price estimate table uses a $250 physical damage deductible and the second price table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can impact premiums substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs about $21 more each month or $252 a year across all Buick Enclave models than selecting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 36 months between claim filings, you would probably be better off by going with a higher deductible.

An important thing to remember is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have a physical damage claim. That will force you to have enough money put aside in order to pay the higher deductible in order to repair your vehicle.

The example below highlights how deductible selection and can affect Buick Enclave insurance premiums for each age group. The premiums are based on a single male driver, full coverage, and no discounts are factored in.

Insurance rate increases from tickets or accidents

The information below highlights how speeding tickets and accident claims can raise Buick Enclave insurance rates for different age groups of insureds. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

How much more does full coverage cost?

The diagram below shows the comparison of Buick Enclave insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The premiums are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are applied.

When to drop comp and collision

There is no specific rule to drop full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your Buick Enclave book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after the policy deductible has been paid. If premiums are more than $400 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some cases where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.

Buick Enclave Insurance Cost Factors

Lots of things are considered when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, although some other factors are not as apparent such as your marital status or your vehicle rating. Part of the car insurance buying process is learning the factors that come into play when calculating car insurance rates. When consumers understand what impacts premium levels, this allows you to make educated decisions that may reward you with lower premium levels.

• Prevent your car from being stolen – Driving a car with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms all help prevent auto theft.
• Prices can change based on your address – Being located in areas with lower population can be a good thing when buying car insurance. Fewer people corresponds to lower accident rates in addition to fewer liability claims. People in densely populated areas tend to have more road rage incidents and longer commute times. Higher commute times means more chances of being involved in an auto accident.
• Never let your policy lapse – Having a lapse in insurance coverage can be a quick way to bump up your car insurance costs. In addition to paying higher rates, being ticketed for driving with no insurance might get you fines and jail time. You may have to submit proof of financial responsibility or a SR-22 with the North Carolina motor vehicle department.
• Eliminate add-on coverages – There are a lot of extra coverages that you can buy on your Enclave policy. Coverages like replacement cost coverage, towing coverage, and extra equipment coverage are probably not needed. You may think they are a good idea at first, but if you’ve never needed them in the past remove them from your policy.
• Safer the car lower the rate – Cars with high safety ratings can get you lower premiums. Safer cars result in less severe injuries and fewer serious injuries translates into savings for insurance companies passed on to you as lower rates. If your Buick has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
• Drive fewer miles and save – The more miles you rack up on your Buick in a year’s time the more you’ll pay to insure it. Most insurance companies charge rates based upon how the vehicle is primarily used. Vehicles used primarily for pleasure use get more affordable rates than those used for commuting. An incorrectly rated Enclave may be wasting your money. It’s always a good idea to double check that your declarations sheet shows the correct usage, because it can save money.

• Gender impacts premiums – Statistics demonstrate that men are more aggressive behind the wheel. It does not mean females are better at driving than males. Females and males cause accidents in similar numbers, but the males have accidents that have higher claims. Men also tend to receive more major tickets like reckless driving and DUI. Young men ages 16 to 20 are the most expensive to insure and thus pay the highest rates.

  The diagram below illustrates the difference between Buick Enclave insurance costs for male and female drivers. The information is based on no claims or driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are factored in.

• Buick Enclave claim probability – Insurers factor in historical loss data when they set coverage costs for each model. Vehicles that have higher number or severity of losses will have a higher cost to insure. The table shown below demonstrates the compiled insurance loss statistics for Buick Enclave vehicles.

  For each insurance policy coverage type, the statistical loss for all vehicles combined as an average is represented as 100. Values below 100 imply a favorable loss record, while percentage values above 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.

  
  

  Buick Enclave Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Buick Enclave 4dr 2WD	85	101	83	67	63	81
  Buick Enclave 4dr 4WD	93	110	92	64	62	84

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Be persistent to save money

Cheaper auto insurance in Charlotte can be bought on the web in addition to many Charlotte insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who don’t offer online price quotes and these smaller companies prefer to sell through independent insurance agents.

We’ve covered a lot of ways to find cheaper Buick Enclave insurance in Charlotte. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even find the best price on auto insurance is with a small mutual company. These smaller insurers may have significantly lower prices on certain market segments as compared to the big name companies such as GEICO and State Farm.

Steps to finding affordable Buick Enclave insurance in Charlotte

To save the most money, the best way to get discount Buick Enclave insurance is to compare prices annually from companies in Charlotte.

Step 1: Try to understand individual coverages and the things you can change to prevent expensive coverage. Many things that result in higher rates such as traffic citations and poor credit rating can be eliminated by being financially responsible and driving safely.

Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources.

Step 3: Compare the new quotes to your existing coverage to determine if switching companies saves money. If you find a better price and buy the policy, make sure there is no coverage gap between policies.

Step 4: Give proper notification to your current agent or company of your intent to cancel your current car insurance policy. Submit payment and a completed application to your new insurance company. Once coverage is bound, place your new certificate verifying proof of insurance in your vehicle.

One key aspect of rate comparisons is to try to use identical coverage information on every quote request and and to analyze as many different insurance providers as possible. This helps ensure an apples-to-apples comparison and the best rate selection.

Additional resources

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Who Has Cheap Charlotte Auto Insurance for 4×4 Vehicles? (FAQ)
• Who Has Cheap Auto Insurance Rates for Good Students in Charlotte? (FAQ)
• What Car Insurance is Cheapest for a Honda CR-V in Charlotte? (FAQ)
• How Much are Car Insurance Rates for a Subaru Forester in Charlotte? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Jeep Wrangler in Charlotte? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Inexperienced Drivers in Charlotte? (FAQ)
• Insuring a Leased Car (Insurance Information Institute)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• How to Avoid Staged Accidents (State Farm)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)