It’s a fact that car insurance companies don’t want you quoting rates from other companies. Drivers who do rate comparisons are very likely to buy a different policy because the odds are good of getting low-cost coverage. A recent survey found that drivers who shopped around annually saved an average of $865 annually compared to other drivers who never compared rates.
If finding the cheapest price for insurance in Greensboro is your ultimate goal, learning how to shop and compare coverage rates can help make the process easier.
The easiest way to find better pricing on Ford GT insurance in Greensboro is to annually compare prices from companies who provide car insurance in North Carolina. Price quotes can be compared by following these steps.
- Get a basic knowledge of what coverages are included in your policy and the measures you can control to keep rates in check. Many policy risk factors that cause rate increases like accidents, traffic violations, and poor credit history can be controlled by making small lifestyle or driving habit changes. This article provides more information to find cheap rates and get bigger discounts that may have been overlooked.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes from multiple sources.
- Compare the new quotes to your existing rates and see if there is a cheaper rate in Greensboro. If you find a better price and decide to switch, make sure there is no coverage gap between policies.
A good piece of advice is to try to use identical limits and deductibles on every price quote and and to get price estimates from as many different companies as possible. Doing this ensures a fair price comparison and a good representation of prices.
If you already have coverage or just want cheaper rates, follow these tips to get lower rates without having to cut coverage. Finding affordable insurance coverage in Greensboro is really not that difficult. Comparison shoppers just need to know the most efficient way to find the lowest price online from multiple companies.
The best way to compare insurance rates from multiple companies is to know the trick auto insurance companies participate in a system to give rate comparisons. To begin a comparison, all you need to do is provide a small amount of information such as if you are currently licensed, types of safety features, whether you are single or married, and the year, make and model of vehicles. The rating information is instantly sent to many highly-rated insurers and they return rate quotes instantly to find the best rate.
To start a rate quote now, click here and find out if you can get cheaper insurance in Greensboro.
The companies shown below are ready to provide quotes in Greensboro, NC. If multiple companies are listed, it’s a good idea that you visit several of them in order to find the most affordable rates.
Car insurance is not optional in North Carolina
Even though Greensboro GT insurance rates can get expensive, maintaining insurance is required in North Carolina but it also protects you in many ways.
- The majority of states have minimum liability requirements which means you are required to carry specific limits of liability if you drive a vehicle. 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 loan on your vehicle, more than likely the lender will make it mandatory that you have full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Ford at a much higher rate and require you to fork over the higher price.
- Car insurance protects both your Ford and your assets. It will also provide coverage for medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of having insurance greatly outweigh the cost, especially for larger claims. An average driver in America is currently overpaying as much as $700 annually so compare rate quotes at every renewal to make sure the price is not too high.
Insurance coverage options for a Ford GT
Knowing the specifics of a insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.
Comprehensive coverages
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as damage from flooding, vandalism and theft. The maximum payout your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Coverage for collisions
This coverage pays for damage to your GT from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision insurance covers things like crashing into a building, scraping a guard rail, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible on your GT to bring the cost down.
Liability coverages
This will cover damage that occurs to other people or property. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 30/60/25 which means a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims such as court costs, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible. North Carolina requires drivers to carry at least 30/60/25 but you should consider buying more liability than the minimum.
The chart below shows why buying the state minimum limits may not be enough coverage.
Uninsured and underinsured coverage
This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford GT.
Since a lot of drivers only carry the minimum required liability limits (which is 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Coverage for medical payments
Coverage for medical payments and/or PIP kick in for short-term medical expenses for surgery, nursing services, ambulance fees and doctor visits. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
North Carolina car insurance company ratings
Buying coverage from the best insurer can be a challenge considering how many choices there are in North Carolina. The ranking information in the lists below can help you choose which insurers to look at when comparing rates.
Top 10 Greensboro Car Insurance Companies Overall
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Top 10 Greensboro Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%