The easiest way to find the cheapest price for Chevy Trax insurance in Charlotte is to regularly compare quotes from insurance carriers who provide auto insurance in North Carolina.
First, try to learn about how your policy works and the changes you can make to keep rates down. Many risk factors that result in higher rates like accidents, traffic violations, and a less-than-favorable credit history can be eliminated by improving your driving habits or financial responsibility.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Allstate, while agents who are independent can provide prices from many different companies.
Third, compare the quotes to your current policy premium to see if a cheaper rate is available. If you find better rates and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, tell your current agent or company of your intention to cancel your current coverage and submit the completed application along with a down payment to your new carrier. Immediately upon receiving it, keep your new proof of insurance paperwork in an easily accessible location in your vehicle.
One thing to remember is to compare the same deductibles and limits on every price quote and and to get rates from as many companies as you can. Doing this enables a level playing field and and a good selection of different prices.
Astonishing but true according to a recent study, most car insurance buyers have bought car insurance from the same company for a minimum of four years, and just under half have never shopped around. Charlotte consumers can cut their rates by $90 a year, but they don’t invest the time required to do a rate comparison.
First Step: Get free Chevy Trax insurance quotes
The companies shown below can provide free rate quotes in North Carolina. If you wish to find the best car insurance in Charlotte, we recommend you click on several of them in order to get a fair rate comparison.
Three reasons to not skimp on car insurance
Despite the high cost, insurance may not be optional for several reasons.
- The majority of states have minimum liability requirements which means state laws require a specific minimum amount of liability protection if you don’t want to risk a ticket. 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.
- If you have a lien on your vehicle, it’s guaranteed your bank will require that you buy insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chevy for a much higher rate and force you to reimburse them for it.
- Car insurance preserves your vehicle and your assets. It will also cover medical bills for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your policy will pay to repair the damage.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $855 a year so you should quote and compare rates at least once a year to save money.
Do I just need basic coverages?
When it comes to the best insurance coverage, there isn’t really a cookie cutter policy. Every situation is different.
These are some specific questions may help highlight if you will benefit from professional help.
- Do I need replacement cost coverage?
- What is an umbrella policy?
- Which companies will insure high-risk drivers?
- How much cheaper are high deductibles?
- Is rental equipment covered for theft or damage?
- Am I covered if I back into my garage door?
- Do I have coverage when making deliveries for my home business?
If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and can help protect your family.
Parts of your auto insurance policy
Learning about specific coverages of your auto insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.
Liability insurance
Liability coverage provides protection from damage or injury you incur to people or other property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 30/60/25 that means you have $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things like bail bonds, repair bills for other people’s vehicles and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but you should consider buying higher limits.
The next chart shows why buying minimum limits may not be adequate coverage.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Chevy Trax.
Due to the fact that many North Carolina drivers only purchase the least amount of liability that is required (which is 30/60/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive auto insurance
This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like damage from flooding, damage from a tornado or hurricane, falling objects, hail damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Coverage for medical expenses
Med pay and PIP coverage pay for immediate expenses for things like EMT expenses, prosthetic devices, X-ray expenses, pain medications and ambulance fees. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Auto collision coverage
This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as rolling your car, hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible on your Trax in order to get cheaper collision rates.
Persistence will pay off
Drivers who switch companies do it for many reasons like high prices, questionable increases in premium, policy cancellation or lack of trust in their agent. It doesn’t matter what your reason, finding the right auto insurance provider is pretty easy and you might even save some money in the process.
Cheap Chevy Trax insurance in Charlotte is possible online in addition to many Charlotte insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance providers do not provide rates over the internet and most of the time these small, regional companies only sell through independent agents.
As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible for the lowest price, but don’t skip important coverages to save money.
For more information, link through to the articles below:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Cheap Charlotte Car Insurance for Unemployed Drivers? (FAQ)
- Who Has Cheap Auto Insurance Rates for Good Students in Charlotte? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Veterans in Charlotte? (FAQ)
- Cellphones, Texting and Driving (iihs.org)
- Information for Teen Drivers (GEICO)