Being forced to pay for overpriced car insurance premiums can dwindle your family’s budget and force you to make tough financial choices. Price shopping at each renewal is an excellent way to lower your monthly bill.
A recent study showed that a large majority of drivers have remained with the same car insurance company for a minimum of four years, and almost half have never even compared rates from other companies. Many drivers in North Carolina could save about $90 a year, but most undervalue the actual amount they would save if they bought a different policy.
How to find cheaper Chrysler Sebring insurance in Charlotte
The easiest way to get cheaper Chrysler Sebring insurance is to compare prices once a year from insurance carriers in Charlotte. Rates can be compared by completing these steps.
Step 1: Get a basic knowledge of policy coverages and the measures you can take to drop your rates. Many factors that result in higher rates like traffic violations, accidents, and an imperfect credit score can be controlled by making minor driving habit or lifestyle changes.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple sources. Compare rates now
Step 3: Compare the quotes to the premium of your current policy to determine if you can save on Sebring insurance. If you can save money and decide to switch, verify that coverage does not lapse between policies.
Step 4: Notify your company or agent to cancel your current car insurance policy and submit a completed policy application and payment to the newly selected company. Be sure to keep the new certificate verifying coverage with your registration paperwork.
The key aspect of shopping around is to try to compare similar limits and deductibles on each quote request and and to get price estimates from all possible companies. Doing this helps ensure an accurate price comparison and the best price quote selection.
Due to the abundance of options for buying affordable insurance for a Chrysler Sebring in Charlotte, it can be hard to pick a more affordable company.
It’s a good habit to get comparison quotes occasionally because insurance prices tend to go up over time. If you had the best quotes on Chrysler Sebring insurance in Charlotte on your last policy there may be better deals available now. Block out anything you think you know about car insurance because you’re about to learn one of the best ways to lower your rates without sacrificing coverage.
Locating the best rates in Charlotte is really not that difficult. If you’re already insured or are shopping for new coverage, you can use these tips to shop for the lowest rates while maximizing coverage. Smart shoppers just need to know the most effective way to compare rate quotes from multiple carriers.
Most companies give price estimates directly from their websites. Doing online quotes for Chrysler Sebring insurance in Charlotte is quite easy because it’s just a matter of typing in your required coverages into a form. Upon sending the form, the quote system orders your driving and credit reports and gives you a price quote based on these factors. Quoting online for Chrysler Sebring insurance in Charlotte makes it simple to compare prices and it’s absolutely necessary to do this if you want to get a lower rate.
To quickly find out what other companies charge, check out the insurance providers below. If you have your current policy handy, we recommend that you enter the insurance coverages exactly as shown on your declarations page. Doing this guarantees you will receive a price comparison for the exact same coverage.
The companies shown below can provide price quotes in North Carolina. To find cheap car insurance in NC, it’s highly recommended you visit as many as you can to get the best price comparison.
Rates and information analytics
The table displayed below outlines a range of coverage costs for Chrysler Sebring models. Learning as much as possible about how policy premiums are formulated can assist in making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $122 | $262 | $240 | $14 | $72 | $710 | $59 |
| Sebring Limited 4-Dr Sedan | $122 | $262 | $240 | $14 | $72 | $710 | $59 |
| Sebring LX 2-Dr Convertible | $138 | $262 | $240 | $14 | $72 | $726 | $61 |
| Sebring Touring 2-Dr Convertible | $138 | $262 | $240 | $14 | $72 | $726 | $61 |
| Sebring Limited 2-Dr Convertible | $154 | $302 | $240 | $14 | $72 | $782 | $65 |
| Get Your Own Custom Quote Go | |||||||
Data rating is 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, safe-driver, multi-vehicle, homeowner, and claim-free. Price information does not factor in specific location which can decrease or increase coverage rates greatly.
Physical damage deductible comparison
One of the more difficult decisions when buying insurance is where to set your physical damage deductibles. The figures shown below sum up the rate difference when you choose different insurance deductibles. The first data table uses a $250 deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Sebring Limited 4-Dr Sedan | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Sebring LX 2-Dr Convertible | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Sebring Touring 2-Dr Convertible | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
| Sebring Limited 2-Dr Convertible | $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 |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $118 | $240 | $250 | $14 | $74 | $696 | $58 |
| Sebring Limited 4-Dr Sedan | $118 | $240 | $250 | $14 | $74 | $696 | $58 |
| Sebring LX 2-Dr Convertible | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sebring Touring 2-Dr Convertible | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sebring Limited 2-Dr Convertible | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| 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 claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can lower or raise auto insurance rates significantly.
We can estimate from the data above that using a $250 deductible will cost you about $21 more each month or $252 a year than opting for the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 36 months between claim filings, you would most likely save money if you elect the higher deductible.
The illustration below illustrates how choosing a deductible and can raise or lower Chrysler Sebring yearly insurance costs for each different age group. The premiums are based on a single female driver, full coverage, and no additional discounts are factored in.
Violations and accidents raise rates
The chart below demonstrates how traffic citations and at-fault accidents can drive up Chrysler Sebring car insurance rates for each different age category. Data assumes a single female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
Cost comparison with and without full coverage
The information below shows the comparison of Chrysler Sebring yearly insurance costs with and without physical damage coverage. The data is based on no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are factored in.
Should you pay for full coverage?
There is no definitive rule of when to drop physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s pretend your Chrysler Sebring settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If premium cost is more than $800 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Why You Might Pay Lower Rates in Charlotte
It’s important that you understand a few of the rating criteria that are used to determine your insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that could help you find big savings. Multiple criteria are used when pricing auto insurance. Some are obvious such as your driving record, although others are not as apparent like your continuous coverage or your commute time.
Safer cars save money – Cars with high safety ratings get lower rates. Safer cars reduce injuries and better occupant protection means lower claim amounts and more competitive rates for policyholders. If your Chrysler Sebring is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
If you don’t need it don’t buy it – Policies have add-on coverages that can waste your money on your insurance policy. Things like coverage for rental cars, high-cost glass coverage, and term life insurance are some examples. These may sound like a good investment when deciding what coverages you need, but if you don’t need them consider taking them off your policy.
The type of vehicle makes a difference – The performance level of the car you are trying to find cheaper insurance for makes a huge difference in your rates. Lower cost passenger vehicles usually have the lowest premiums, but the final cost of insurance is determined by many other factors.
The following chart uses these variables: married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It shows Chrysler Sebring policy rates compared to other vehicles that have different performances.
Can a thief steal your car? – Selecting a car model with an alarm system can get you a discount on your insurance. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft.
Combine and save – Lots of insurers will award better rates to customers that buy multiple policies, otherwise known as a multi-policy discount. Even if you already get this discount, consumers should still shop around to guarantee you are still saving the most. Consumers may find lower rates even if you insure with multiple companies
Drive lots and pay more – The more you drive every year the more you will pay for insurance. Many insurance companies calculate rates based upon how much you drive. Cars that sit idle most of the time get more affordable rates than those used for commuting. Improper usage on your Sebring can result in significantly higher rates. It’s a good idea to make sure your insurance policy is rated on annual mileage.
Protect more than your Chrysler vehicle
Despite the high cost, insurance is required in North Carolina but it also protects you in many ways.
- The majority of states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to drive the car. 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 bought your Chrysler Sebring with a loan, almost all lenders will make it a condition of the loan that you buy full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may insure your Chrysler at a much higher rate and force you to pay for the much more expensive policy.
- Car insurance protects both your vehicle and your personal assets. It will also provide coverage for hospital and medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of insuring your Sebring more than offset the price you pay, especially for larger claims. But the average driver in North Carolina overpays as much as $820 a year so shop around at every policy renewal to be sure current rates are still competitive.