Truthfully, the best way to get low-cost car insurance rates in Charlotte is to start doing an annual price comparison from insurance carriers who provide car insurance in North Carolina.
- First, take a little time to learn about coverages and the measures you can take to prevent high rates. Many things that cause rate increases such as distracted driving and a bad credit score can be controlled by making minor changes in your lifestyle. This article provides more ideas to help keep prices low and find more discounts that you may not know about.
- Second, compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agencies can give you price quotes for many different companies. View prices
- Third, compare the price quotes to your current policy and see if there is a cheaper rate. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.
An important note is to use identical limits and deductibles on each quote request and and to get rates from every company you can. Doing this ensures a fair price comparison and maximum price selection.
Astonishing but true according to a recent study, the vast majority of drivers kept buying from the same company for well over three years, and about 40% of consumers have never compared rates from other carriers. With the average insurance premium being $1,847, American drivers could save roughly $860 every year just by getting comparison quotes, but most undervalue the rate savings if they swap their current policy for a cheaper one.
Finding the cheapest car insurance coverage in Charlotte is really quite simple as long as you have a good starting point. If you currently have a car insurance policy, you will definitely be able to buy cheaper car insurance using the following tips. Comparison shoppers just need to learn the tricks to compare prices instantly.
Finding a lower price on Ford Expedition insurance is actually quite simple. You just have to spend a little time to compare rates to discover which company has cheaper Charlotte auto insurance quotes.
Online shopping is fast and free, and it makes it a waste of time to spend your day driving to and from local Charlotte insurance agencies. Comparing Ford Expedition insurance rates online reduces the need to sit down with an agent unless you have a complicated situation and need the personal advice that you can only get from talking to an agent. Drivers can price shop online but have your policy serviced through an agent.
The providers in the list below provide free rate quotes in North Carolina. To get the cheapest auto insurance in Charlotte, NC, we suggest you click on several of them in order to get a fair rate comparison.
Determine discounts on Charlotte auto insurance
Some insurance providers don’t list every policy discount in a way that’s easy to find, so here is a list some of the more common and also the lesser-known credits that may apply to you.
- Clubs and Organizations – Being a member of a civic or occupational organization in Charlotte could qualify you for a break on your next auto insurance statement.
- Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up may be able to save a few bucks off the personal injury premium cost.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy a life policy as well.
- Early Switch Discount – A few auto insurance companies give discounts for switching to them before your current Expedition insurance policy expires. This discount can save up to 10%.
- Low Mileage – Low annual miles could be rewarded with lower premium rates due to less chance of an accident.
One thing to note about discounts is that most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, company stockholders wouldn’t be very happy. But all discounts will reduce the cost of coverage.
The example below shows the difference between Ford Expedition auto insurance rates with and without discounts being applied to the rates. The costs are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, multi-car, marriage, and safe-driver discounts applied.
To find auto insurance companies that offer many of these discounts in North Carolina, click here.
Ford Expedition insurance analysis
The rate table displayed below highlights different prices for Ford Expedition models. Having a better understanding of how auto insurance policy rates are established can help guide drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Expedition SSV 2WD | $122 | $182 | $204 | $12 | $60 | $580 | $48 |
| Expedition XLT 2WD | $138 | $222 | $204 | $12 | $60 | $636 | $53 |
| Expedition SSV 4WD | $138 | $222 | $204 | $12 | $60 | $636 | $53 |
| Expedition XLT 4WD | $138 | $222 | $204 | $12 | $60 | $636 | $53 |
| Expedition Eddie Bauer 2WD | $138 | $262 | $204 | $12 | $60 | $676 | $56 |
| Expedition Limited 2WD | $138 | $262 | $204 | $12 | $60 | $676 | $56 |
| Expedition Eddie Bauer 4WD | $138 | $262 | $204 | $12 | $60 | $676 | $56 |
| Expedition King Ranch 4WD | $154 | $262 | $204 | $12 | $60 | $692 | $58 |
| Expedition King Ranch 2WD | $154 | $262 | $204 | $12 | $60 | $692 | $58 |
| Expedition Limited 4WD | $154 | $262 | $204 | $12 | $60 | $692 | $58 |
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in Charlotte location which can increase or decrease insurance rates significantly.
The example below demonstrates how deductible levels and can change Ford Expedition insurance costs for each different age category. The costs are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
Difference between full coverage and liability only rates
The information below compares Ford Expedition insurance prices with and without full coverage. The price estimates are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
When to switch to liability coverage only
There is no definitive rule of when to eliminate physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your Ford Expedition settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after the policy deductible has been paid. If premiums are more than $200 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.
How Car Insurance Companies Calculate Ford Expedition Insurance Costs
It’s important that you understand some of the factors that aid in calculating the rates you pay for auto insurance. If you know what positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to lower rates. Many different elements are part of the calculation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but other factors are less apparent such as your marital status or your vehicle rating.
The following are some of the items used by companies to determine your rate level.
- Drive less and get lower costs – Driving more miles annually the more you will pay for auto insurance. A lot of companies calculate rates based on how the vehicle is used. Cars and trucks used primarily for pleasure use qualify for better rates than vehicles that have high annual mileage. Incorrect rating for your Expedition is just wasting money. Double check that your auto insurance declarations sheet reflects the correct usage, because it can save money.
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More performance means more cost – The performance of the car you drive makes a huge difference in your rates. Economy passenger cars receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
The chart below uses these variables: single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The data compares Ford Expedition insurance rates compared to other vehicles that have different performances.
- Don’t buy extra policy coverages you don’t use – There are many extra add-on coverages that can waste your money if you aren’t careful. Coverage for things like coverage for rental cars, death and dismemberment, and extra life insurance coverage could be just wasting money. You may think they are a good idea when talking to your agent, but if you have no use for them think about removing them and cutting costs.
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Tickets are costly – Your driving record can have a huge impact on auto insurance premiums. Even one speeding ticket may increase your cost twenty percent or more. Drivers who don’t get tickets receive lower rates as compared to careless drivers. People who have flagrant tickets like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to continue driving.
The example below highlights how speeding tickets and at-fault accidents increase Ford Expedition premium costs for different age groups of insureds. The information is based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
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Insurance prices and driver gender – Over time, data shows women are more cautious behind the wheel. It does not mean men are worse drivers. Both genders get in fender benders at about the same rate, but men get into accidents with more damage. In addition to higher claims, males also get cited for more serious violations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 generally have the highest accident percentage so they pay the highest premiums.
The information below shows the difference between Ford Expedition insurance premiums for male and female drivers. The prices are based on no accidents or driving violations, full coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
- Less chance of injury means lower premiums – Cars with high safety ratings tend to have lower insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and reduced instances of injuries translates directly to fewer claims and more competitive rates for policyholders. If your Ford is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
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Ford Expedition insurance loss probability – Car insurance companies use statistical claims data to help set a rate to offset losses. Vehicles that have high amounts or severity of claims will cost more for specific coverages. The table below illustrates the historical insurance loss data for Ford Expedition vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is a value of 100. Values that are under 100 suggest a better than average loss history, while percentage numbers above 100 point to more losses or tendency to have higher losses.
Ford Expedition Insurance Claim Statistics Specific Ford Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Expedition 4dr 2WD 67 88 82 55 45 70 Ford Expedition 4dr 4WD 70 98 90 54 62 56 Ford Expedition EL 4dr 2WD 74 104 97 52 Ford Expedition EL 4dr 4WD 88 96 110 63 60 96 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years