Best Ways to Save on Greensboro Suzuki SX4 Insurance

Has it been a year or more since you last compared quotes for low-cost Suzuki SX4 insurance in Greensboro? There isn’t a single person who looks forward to buying auto insurance, especially when they know it costs too dang much.

Amazingly, a recent NerdWallet.com study showed that the vast majority of auto insurance customers in North Carolina kept their policy with the same company for at least four years, and virtually 40% of consumers have never taken the time to shop around. American consumers can cut their rates by $859 a year, but most tend to underestimate the large savings they would see if they moved their coverage to a different company.

How to find more affordable Suzuki SX4 insurance in Greensboro

The recommended way to find better pricing on Suzuki SX4 insurance in Greensboro is to start comparing prices yearly from companies that insure vehicles in North Carolina. You can shop around by following these guidelines.

• First, try to understand individual coverages and the factors you can control to keep rates down. Many things that cause rate increases like speeding tickets, careless driving and an unfavorable credit rating can be controlled by making minor changes to your lifestyle. This article provides additional ideas to help reduce premium rates and find discounts that may have been missed.
• Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or Allstate, while independent agencies can quote rates from multiple sources.
• Third, compare the quotes to your existing rates and determine if there is any savings. If you find a lower rate, verify that coverage does not lapse between policies.
• Fourth, give notification to your current company to cancel your current auto insurance policy and submit payment and a signed application for the new coverage. Once the paperwork is finalized, keep your new proof of insurance paperwork in your glove compartment.

An important note is to try to compare identical limits and deductibles on every quote request and and to get price quotes from as many car insurance companies as possible. This guarantees a fair rate comparison and a thorough selection of prices.

Due to the large number of companies to choose from that have cheaper insurance for a Suzuki SX4 in Greensboro, it’s nearly impossible to locate the cheapest company.

Detailed insurance information

The data table shown next outlines different insurance prices for Suzuki SX4 models. Understanding more about how car insurance premiums are calculated helps drivers make smart choices when selecting a policy.

Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific Greensboro garaging location which can influence insurance rates noticeably.

Raise deductibles and save

A question often asked by Greensboro drivers is how high should the physical damage deductibles be. The premium rates below may help to illustrate the price difference when you choose different physical damage deductibles. The first table uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Premium 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, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in vehicle location which can revise premium rates substantially.

We can derive from the above data that using a $100 deductible costs about $26 more each month or $312 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 35 months between claims, you would probably save some money by going with a higher deductible. Here is an example of how you can perform this determination yourself.

An important thing to remember is that a higher deductible level means you will have to pay more at claim time. It will be required that you have enough money stashed away in order to pay more to get your vehicle repaired.

Full coverage rates vs. liability-only

The example below visualizes the comparison of Suzuki SX4 insurance prices with full physical damage coverage compared to only buying liability only. The premiums are based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage?

There is no definitive rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Suzuki SX4 claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $6,000 after paying your deductible. If premiums are more than $600 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some cases where only buying liability is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.

Why Smart Buyers Pay Less for Suzuki SX4 Insurance

Many things are part of the calculation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, although others are not quite as obvious such as whether you are married or your vehicle rating.

Listed below are just a few of the factors companies use to determine rates.

Urban residents pay more – Being located in smaller towns and rural areas of the country has definite advantages when insuring your vehicles. Residents of big cities tend to have much more traffic and longer commute times. Fewer people means reduced accidents and lower theft and vandalism rates.

Safer vehicles means better prices – Cars with high safety ratings are cheaper to insure. Safer cars have better occupant injury protection and fewer serious injuries translates into savings for insurance companies and more competitive rates for policyholders.

Better credit means lower costs – Having a bad credit history is a large factor in determining what you pay for auto insurance. Consumers who have very high credit ratings tend to be better drivers and file fewer claims than those with bad credit. Therefore, if your credit history leaves room for improvement, you could potentially save money when insuring your Suzuki SX4 if you improve your credit rating.

Higher rates for specific jobs – Occupations like fire fighters, business owners, and emergency personnel are shown to have higher average rates because of intense work situations and extremely grueling work hours. On the flip side, jobs such as farmers, engineers and the unemployed have lower than average premiums.

Never let your auto insurance policy expire – Driving without insurance coverage in place is a misdemeanor and any future policy may cost more because you let your insurance lapse. Not only will rates go up, failure to provide proof of insurance could result in fines and jail time. You will then be forced to submit proof of financial responsibility or a SR-22 with the North Carolina department of motor vehicles.

Alarm systems systems cut rates – Purchasing a vehicle with a theft deterrent system can help lower your premiums. Systems that thwart thieves such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop auto theft and help lower rates.

Consolidate home and auto and save – Lots of insurers will award discounts to clients that buy multiple policies. It’s known as a multi-policy discount. If you currently are using one company, it’s still a good idea to check prices from other companies to verify if the discount is saving money. Consumers may save money by buying insurance from more than one company.

Cheaper insurance premiums are possible

When trying to cut insurance costs, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where an insured cut physical damage coverage only to discover later that they should have had better coverage. The aim is to find the BEST coverage for the lowest cost and still be able to protect your assets.

In this article, we covered a lot of ways to save on Suzuki SX4 insurance in Greensboro. The key concept to understand is the more price quotes you have, the better your comparison will be. You may even discover the lowest priced insurance comes from the smaller companies. They may cover specific market segments cheaper than their larger competitors like State Farm, GEICO and Nationwide.

How to find low-cost rates for Suzuki SX4 insurance in Greensboro

If you want to save the most money, the best way to find cheaper quotes for Suzuki SX4 insurance is to compare quotes once a year from insurance carriers that sell auto insurance in Greensboro. Rate comparisons can be done by completing these steps.

First, read and learn about the different coverages in a policy and the measures you can take to lower rates. Many policy risk factors that are responsible for high rates like careless driving and a poor credit score can be improved by paying attention to minor details.

Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from multiple sources. View a list of agents

Third, compare the new rates to the premium of your current policy to see if cheaper SX4 coverage is available. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

One thing to remember is that you’ll want to compare similar coverage information on each price quote and to quote with as many different companies as possible. Doing this provides a fair rate comparison and many rates to choose from.

Helpful learning opportunities

• Automakers compete to add autobraking (Insurance Institute for Highway Safety)
• How Much are Auto Insurance Rates for Uninsured Drivers in Greensboro? (FAQ)
• Who Has the Cheapest Car Insurance Rates with Multiple Speeding Tickets in Greensboro? (FAQ)
• How Much are Car Insurance Quotes for First-time Drivers in Greensboro? (FAQ)
• Who Has Affordable Car Insurance for Drivers Under 25 in Greensboro? (FAQ)
• Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Greensboro? (FAQ)
• What Insurance is Cheapest for a Honda Civic in Greensboro? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Company Car in Greensboro? (FAQ)
• Who Has the Cheapest Greensboro Auto Insurance for Electric Cars? (FAQ)
• What Insurance is Cheapest for Drivers Under 21 in Greensboro? (FAQ)
• Understanding Your Insurance Deductible (Insurance Information Institute)
• Child Safety FAQ (iihs.org)