Truthfully, the best way to get low-cost auto insurance rates is to make a habit of regularly comparing prices from providers that sell auto insurance in Charlotte.
- First, gain an understanding of auto insurance and the things you can change to lower rates. Many factors that cause rate increases like accidents, traffic violations, and a less-than-favorable credit score can be rectified by paying attention to minor details.
- Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies. Find a Charlotte insurance agent
- Third, compare the price quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
- Fourth, provide adequate notice to your current company to cancel your current car insurance policy and submit the application along with any required down payment to your new agent or company. As soon as you can, put the new certificate verifying coverage along with your vehicle registration.
The key thing to remember is to use the same coverage limits and deductibles on each price quote and and to compare as many companies as you can. This provides a fair rate comparison and plenty of rates choose from.
It’s safe to assume that auto insurance companies want to keep your business as long as possible. Consumers who shop around for better prices will presumably buy a different policy because they stand a good chance of finding a lower rate. A recent survey found that consumers who compared rates once a year saved $3,450 over four years compared to drivers who never shopped around for better prices.
If finding low prices for Chevy Camaro insurance in Charlotte is why you’re reading this, then understanding how to get rate quotes and compare insurance premiums can make the process less intimidating.
If you have a current car insurance policy or just want cheaper rates, use these techniques to save money while maximizing coverage. This article’s intent is to teach you how to effectively get price quotes and how to save the most money. Comparison shoppers just need to learn the quickest way to compare insurance rates from multiple carriers.
Most larger insurance companies allow you to get prices directly from their websites. Obtaining pricing for Chevy Camaro insurance in Charlotte is fairly straightforward as all you need to do is type in the coverage amounts you desire as requested by the quote form. Upon sending the form, their system gets information on your driving record and credit history and generates pricing information based on the data you entered.
This makes it a lot easier to compare rates and it’s very important to get many rate quotes if you want to get the cheapest possible prices on auto insurance.
In order to get comparison pricing now, compare rates from the companies below. To compare your current rates, we recommend you type in coverages and limits as shown on your current policy. This way, you’re receiving rate quotes based on identical coverages.
The providers in the list below can provide free quotes in Charlotte, NC. To find cheaper car insurance in NC, we suggest you visit as many as you can to get the best price comparison.
Chevy Camaro insurance statistics and information
The rate information displayed below highlights estimates of policy rates for Chevy Camaro models. Having a better understanding of how car insurance prices are calculated is important for drivers to make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $186 | $374 | $262 | $16 | $78 | $916 | $76 |
| Camaro LT | $186 | $374 | $262 | $16 | $78 | $916 | $76 |
| Camaro SS | $208 | $432 | $262 | $16 | $78 | $996 | $83 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rates do not factor in specific zip code location which can lower or raise insurance rates substantially.
How high should deductibles be?
The hardest decision when buying coverage is how high should the physical damage deductibles be. The comparison tables below can help you visualize the rate differences when you choose different comp and collision deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Camaro LT | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Camaro SS | $242 | $440 | $250 | $14 | $74 | $1,045 | $87 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Camaro LT | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Camaro SS | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in specific zip code location which can decrease or increase premium rates noticeably.
We can estimate from the data above that using a $250 deductible will cost you approximately $21 more each month or $252 annually than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 36 months between claim filings, you would come out ahead by selecting a higher deductible.
Comparison of full coverage and liability-only policies
The chart below visualizes the comparison of Chevy Camaro premium costs when comparing full coverage to liability only. The rate quotes are based on no violations or claims, $500 deductibles, single status, and no discounts are factored in.
Should you buy full coverage or liability only?
There is no exact rule of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your Chevy Camaro settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your policy deductible. If you are paying in excess of $300 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are some cases where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Charlotte insurance discounts for a Chevy Camaro
Car insurance companies don’t always publicize every available discount very clearly, so we break down some of the more common as well as some of the hidden car insurance savings.
- Passive Restraints and Air Bags – Options like air bags or automatic seat belts could see savings of 20% or more.
- Save over 55 – Mature drivers can possibly qualify for lower premium rates.
- Club Memberships – Being in a qualifying organization could earn you a nice discount on your next renewal.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy a life insurance policy as well.
- Low Mileage Discounts – Maintaining low annual mileage could be rewarded with discounted rates on garaged vehicles.
- College Student Discount – Any of your kids who live away from home to go to college and don’t have a car can receive lower rates.
- Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
- Multi-Vehicle Discounts – Having multiple cars with the same car insurance company could earn a price break for each car.
- Accident-Free Discounts – Claim-free drivers get the best car insurance rates compared to bad drivers.
- Driver Training Discounts – Participating in a driver safety class is a good idea and can lower rates and easily recoup the cost of the course.
It’s important to understand that some of the credits will not apply to the whole policy. Most only cut specific coverage prices like medical payments or collision. So despite the fact that it appears you can get free auto insurance, you’re out of luck.
The illustration below illustrates the difference between Chevy Camaro premium costs with and without discounts applied to the rates. The rates are based on a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-car, multi-policy, and safe-driver discounts applied.
To choose car insurance companies offering car insurance discounts in North Carolina, click this link.
Protect more than your vehicle
Despite the high insurance cost for a Chevy Camaro in Charlotte, insuring your vehicle is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability coverage in order to get the vehicle licensed. 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 Chevy, almost all lenders will make it mandatory that you buy full coverage to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Chevy at an extremely high rate and force you to pay the higher price.
- Insurance protects not only your car but also your assets. It will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of carrying adequate insurance are definitely more than the cost, especially with large liability claims. Today the average American driver is overpaying over $865 each year so compare quotes from several companies once a year at a minimum to ensure rates are inline.
Do I just need basic coverages?
When it comes to adequate coverage, there really isn’t a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply.
These are some specific questions could help you determine if your insurance needs will benefit from professional help.
- When can my company non-renew my policy?
- How can I force my company to pay a claim?
- What is an SR-22 filing?
- What is glass protection for?
- What is the difference between comprehensive and collision coverage?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- How do I insure my teen driver?
If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
When to contact a local insurance agent
Some people would rather visit with an insurance agent and that is a personal choice. Insurance agents will help you protect your assets and give you someone to call. One of the benefits of getting free rate quotes online is you may find cheap insurance rates and still choose a local agent. Supporting neighborhood agents is definitely important in Charlotte.
After filling out this simple form, your insurance coverage information is sent to insurance agents in Charlotte who can give free rate quotes to get your business. There is no reason to even leave your home since price quotes are sent immediately to your email address. If you wish to get a rate quote from a specific insurance company, you just need to visit that company’s website and fill out their quote form.
When researching a reliable insurance agency, you must know there are a couple types of agencies and how they can quote your rates. Agents in Charlotte are either exclusive or independent (non-exclusive). Both insure your vehicles, but it’s good to learn the difference in how they write coverage because it can impact the selection process.
Independent Insurance Agents
Independent agents do not write with just one company and that enables them to quote your coverage with many different companies and possibly get better coverage at lower prices. To move your coverage to a new company, the business is moved internally and you don’t have to do anything. When comparing rate quotes, you should always compare quotes from several independent agencies for the best price selection. Most independent agents also contract with mutual insurance companies which can save you money.
Below is a partial list of independent insurance agents in Charlotte that may be able to give you free insurance quotes.
- Nationwide Insurance: Michael Bare Agency
2300 Sardis Rd N a – Charlotte, NC 28227 – (704) 248-8000 – View Map - Mark McDuffie Insurance Agency
6101 Carnegie Blvd #415 – Charlotte, NC 28209 – (704) 364-9227 – View Map - Nationwide Insurance: Ed Cantey Insurance Agency Inc
5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 – View Map
Exclusive Insurance Agencies
These type of agents can only provide one company’s prices and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide rate quotes from other companies so they have to upsell other benefits. Exclusive agents are usually quite knowledgeable on what they offer which aids in selling service over price. Consumers often buy insurance from these agents mostly because of the brand and the convenience of having all coverages with one company.
Below are Charlotte exclusive insurance agents that are able to give rate quotes.
- Gary Kochman – State Farm Insurance Agent
9539 Idlewild Rd – Charlotte, NC 28227 – (704) 545-4422 – View Map - Jeff Genant – State Farm Insurance Agent
15105 John J Delaney Dr – Charlotte, NC 28277 – (704) 594-3000 – View Map - Daniela Hernandez – State Farm Insurance Agent
5811 Fairview Rd Ste 102 – Charlotte, NC 28209 – (704) 733-9022 – View Map
Picking an car insurance agent should depend on more than just the premium amount. These are some valid questions you should ask.
- If your car is in the repair shop, do you have coverage for a rental car?
- Which companies can they place coverage with?
- Does the agent recommend any additional coverage?
- Do they have a Better Business Bureau rating in Charlotte?
- If your car is totaled, how to they determine the replacement cost?
If you get positive responses to any questions you have as well as offering an affordable quote, most likely you have located an insurance agent that will adequately provide insurance.