A recent car insurance study discovered that most car insurance buyers in North Carolina have remained with the same car insurance company for a minimum of four years, and almost 40% of drivers have never taken the time to shop around. Most drivers in the United States could pocket about 46.5% a year by just comparing quotes, but most tend to underestimate the rate savings if they just switched companies.
If you want to save money, the best way to find lower priced car insurance rates in Charlotte is to make a habit of comparing prices annually from insurers in North Carolina. This can be done by completing these steps.
- Take a few minutes and learn about how companies set rates and the modifications you can make to keep rates in check. Many policy risk factors that drive up the price such as accidents, careless driving, and a negative credit score can be amended by being financially responsible and driving safely.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote rates for many different companies.
- Compare the price quotes to the price on your current policy and see if you can save money. If you find better rates and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
A good tip to remember is to try to compare identical limits and deductibles on every price quote and and to get price quotes from every company you can. Doing this enables the most accurate price comparison and a complete price analysis.
Finding the cheapest car insurance coverage in Charlotte can be much easier if you know how to start. If you have coverage now, you will most likely be able to find the best rates using this strategy. Shoppers just have to learn the tricks to shop using one simple form.
Finding low cost Nissan Murano insurance prices can be quick and easy. All you need to do is invest a little time comparing rate quotes online from several insurance companies.
The companies shown below have been selected to offer quotes in North Carolina. To buy cheap auto insurance in North Carolina, we suggest you visit as many as you can in order to find the cheapest rates.
Car insurance just makes sense
Even though it’s not necessarily cheap to insure a Nissan in Charlotte, maintaining insurance may be required and benefits you in several ways.
- Most states have minimum liability requirements which means you are required to buy a minimum amount of liability coverage 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 Murano, most lenders will stipulate that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the lender may have to buy a policy to insure your Nissan at a much higher rate and force you to pay the higher price.
- Insurance safeguards both your assets and your car. It will also reimburse you for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance are definitely more than the cost, especially with large liability claims. Despite what companies tell you, the average driver is currently overpaying as much as $865 each year so compare rates every year to ensure rates are competitive.
Car insurance analysis for a Nissan Murano
The information shown next outlines detailed analysis of coverage costs for Nissan Murano models. Learning more about how insurance premiums are formulated is important for making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Murano S 2WD | $134 | $270 | $282 | $16 | $84 | $786 | $66 |
| Murano S AWD | $134 | $270 | $282 | $16 | $84 | $786 | $66 |
| Murano SL 2WD | $134 | $270 | $282 | $16 | $84 | $786 | $66 |
| Murano SL AWD | $134 | $270 | $282 | $16 | $84 | $786 | $66 |
| Murano LE 2WD | $152 | $318 | $282 | $16 | $84 | $852 | $71 |
| Murano LE AWD | $152 | $318 | $282 | $16 | $84 | $852 | $71 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rates do not factor in specific Charlotte garaging location which can impact price quotes considerably.
Can higher deductibles save money?
One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The data tables below may help you to understand the cost difference between low and high comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Murano S 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Murano S AWD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Murano SL 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Murano SL AWD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Murano LE 2WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Murano LE AWD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Murano S 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Murano S AWD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Murano SL 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Murano SL AWD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Murano LE 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Murano LE AWD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Estimates do not factor in vehicle location which can raise or lower coverage prices noticeably.
We can derive from the above data that using a $100 deductible costs an average of $27 more each month or $324 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 33 months between claims, you would probably save some money if you choose the higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $83 |
| Average monthly premium for $1,000 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 33 months |
One important note is that raising deductibles to get cheaper rates means you will have to pay more of your own money at claim time. You need to have some extra savings in order to pay the higher deductible in order to repair your vehicle.
Cautious Charlotte drivers save money
The information below demonstrates how traffic citations and at-fault accidents can affect Nissan Murano insurance prices for different age groups of insureds. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Nissan Murano full coverage rates compared to liability only
The diagram below shows the comparison of Nissan Murano premium costs with full physical damage coverage compared to only buying liability only. The information is based on no driving violations, no at-fault accidents, $500 deductibles, single status, and no discounts are factored in.
When to drop comp and collision
There is no exact formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s say your Nissan Murano replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after paying your policy deductible. If you are paying in excess of $400 annually for your policy with full coverage, then you might want to think about dropping full coverage.
There are some cases where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Cheaper Charlotte insurance rates with discounts
Some companies do not list every available discount very clearly, so we took the time to find a few of the more well known and also the more inconspicuous credits that you can use to lower your rates. If you aren’t receiving every discount you qualify for, you may be paying too high a price.
- Multi-car Discount – Buying a policy with multiple cars or trucks on one policy may reduce the rate for each vehicle.
- Accident-Free Discounts – Insureds who avoid accidents and claims pay less in comparison with bad drivers.
- Active Military Service – Having a family member in the military could be rewarded with lower premium rates.
- Discounts for Good Drivers – Drivers who avoid accidents can save as much as half off their rates compared to accident prone drivers.
- Full Payment Discount – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
- Passenger Safety Discount – Vehicles equipped with air bags may earn rate discounts of 20 to 30 percent.
- Organization Discounts – Participating in qualifying employment or professional organizations could earn you a nice discount when getting a Charlotte auto insurance quote.
A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like liability and collision coverage. Even though the math looks like all the discounts add up to a free policy, it’s just not the way it works.
The diagram below shows the difference between Nissan Murano insurance prices with and without discounts applied. The premiums assume a female driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, claim-free, safe-driver, and multi-policy discounts applied.
A few popular companies and the discounts they provide are shown below.
- State Farm includes discounts for multiple policy, student away at school, good driver, Steer Clear safe driver discount, and passive restraint.
- Progressive may include discounts for continuous coverage, multi-vehicle, homeowner, good student, online signing, and online quote discount.
- Progressive has savings for continuous coverage, multi-vehicle, online signing, good student, multi-policy, and online quote discount.
- MetLife offers discounts including good driver, defensive driver, accident-free, good student, claim-free, and multi-policy.
- Farm Bureau discounts include renewal discount, youthful driver, multi-vehicle, good student, and 55 and retired.
- GEICO may have discounts that include emergency military deployment, five-year accident-free, air bags, seat belt use, daytime running lights, and driver training.
- SAFECO policyholders can earn discounts including anti-lock brakes, anti-theft, drive less, bundle discounts, teen safety rewards, homeowner, and safe driver.
It’s a good idea to ask each company which discounts they offer. A few discounts may not apply in your area. To choose insurance companies with significant discounts in North Carolina, follow this link.
Compare prices but work with a local Charlotte insurance agency
Some consumers just prefer to sit down with an agent and doing so can bring peace of mind Agents are highly skilled in risk management and help in the event of a claim. An additional benefit of comparing rate quotes online is the fact that you can find lower rates but also keep your business local.
To make it easy to find an agent, after completing this simple form, the coverage information is immediately sent to participating agents in Charlotte that give free quotes for your insurance coverage. There is no reason to find an agent because quoted prices will be sent to your email. If for some reason you want to compare rates for a specific company, don’t hesitate to visit that company’s website to submit a rate quote request.
Picking the best company needs to be determined by more than just a cheap quote. A good agent in Charlotte will have answers to these questions.
- Is there a Errors and Omissions policy in force?
- Is there a local claims center in Charlotte?
- Do they regularly work with personal auto policies in Charlotte?
- Which insurance company do they prefer to write with?
- Are they full-time agents?
- Do they get paid more for recommending certain coverages?
- Do they make recommendations based only on price?
- Does the agency have a positive business rating?
If you would like to find a reliable insurance agent, there are two different types of agents and how they differ in how they can insure your vehicles. Insurance agencies are either exclusive or independent. Either can insure your vehicles, but it’s important to point out the difference between them because it may have an impact on the type of agent you choose.
Exclusive Agents
Agents of this type write business for a single company such as Allstate, State Farm and Farm Bureau. Exclusive agents cannot shop your coverage around so they have to upsell other benefits. These agents are well schooled in insurance sales which helps them sell insurance even at higher premiums. Consumers sometimes use the same exclusive agent mainly due to the brand legacy instead of buying on price only.
The following are Charlotte exclusive insurance agencies willing to provide price quotes.
- Allstate Insurance: Bob White
601 S Kings Dr, Ste FF – Charlotte, NC 28204 – (704) 376-3479 – View Map - Gene Haynes – State Farm Insurance Agent
8316 Medical Plaza Dr a – Charlotte, NC 28262 – (704) 549-1515 – View Map - Kyle Fadeley – State Farm Insurance Agent
13551 Steelecroft Pkwy #120 – Charlotte, NC 28278 – (704) 588-5585 – View Map
Independent Insurance Agencies
Independent agents do not work for one specific company and that gives them the ability to insure through many different insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, the agent simply finds a different carrier and that require little work on your part.
When searching for an agent, you absolutely need to contact independent agents so that you can do a thorough price comparison. Most have the option of insuring with companies that do not advertise much which may have better rates.
Listed below is a list of independent agents in Charlotte that can give you price quotes.
- Biggs Insurance Group
13850 Ballantyne Corporate Pl #500 – Charlotte, NC 28277 – (704) 369-5270 – View Map - Michael A Goodman Insurance Agency Inc
6401 Carmel Rd Ste 208 – Charlotte, NC 28226 – (704) 541-8660 – View Map - Johnson Insurance Management, LLC
3220 Wilkinson Boulevard Ste A3 – Charlotte, NC 28208 – (704) 394-7327 – View Map
After talking to the agent and getting good answers for all questions you ask as well as an affordable premium quote, you may have just found an insurance agency that meets the requirements to properly service your insurance policy.
More comparisons equals affordable rates
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. There are too many instances where someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage for the lowest price.
Consumers change insurance companies for any number of reasons including poor customer service, being labeled a high risk driver, lack of trust in their agent and even delays in paying claims. No matter why you want to switch, finding a new auto insurance company can be easier than you think.
The cheapest Nissan Murano insurance in Charlotte can be found on the web and with local Charlotte insurance agents, so you need to quote Charlotte auto insurance with both to have the best selection. Some insurance companies may not provide the ability to get quotes online and usually these small insurance companies only sell coverage through local independent agencies.
More tips and info about auto insurance can be read by following these links:
- Teen Driving and Texting (State Farm)
- Who Has Cheap Auto Insurance Quotes for a Nissan Versa in Charlotte? (FAQ)
- Who Has the Cheapest Charlotte Auto Insurance Rates for a Toyota RAV4? (FAQ)
- Who Has the Cheapest Car Insurance for Retired Military in Charlotte? (FAQ)
- Which Company has the Cheapest Auto Insurance in Charlotte, NC? (FAQ)
- Who Has Affordable Auto Insurance for 18 Year Olds in Charlotte? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- Medical Payments Coverage (Liberty Mutual)