Best Rate Quotes for Scion xB Insurance in Greensboro

Everyone knows that car insurance companies don’t want you comparing rates. Insureds who rate shop once a year are very likely to switch to a new company because there is a great chance of finding a lower-priced policy. Remarkably, a study showed that people who compared prices regularly saved on average $850 each year compared to people who never compared prices.

If finding budget-friendly rates on car insurance in Greensboro is your ultimate goal, learning how to quote and compare insurance premiums can save time and money.

The preferred way to get the cheapest car insurance rates in Greensboro is to do an annual price comparison from companies in North Carolina. Rates can be compared by following these steps.

1. Take a few minutes and learn about coverages and the things you can change to prevent rate increases. Many policy risk factors that are responsible for high rates such as traffic violations, accidents, and an imperfect credit rating can be remedied by being financially responsible and driving safely.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while agents who are independent can provide prices from multiple companies.
3. Compare the quotes to your existing coverage and see if you can save money. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Notify your agent or company to cancel your current policy and submit any necessary down payment along with the completed application to your new carrier. As soon as coverage is bound, keep the new certificate verifying proof of insurance in an easily accessible location in your vehicle.

A good tip to remember is that you’ll want to compare similar limits and deductibles on every quote request and and to analyze as many different insurance providers as possible. This ensures an accurate price comparison and a better comparison of the market.

Smart Buyers Know How to Get Insurance for Less

When buying insurance it’s important to understand some of the elements that play a part in calculating your policy premiums. If you understand what determines base rates, this helps enable you to make changes that can help you get big savings.

The list below includes a few of the things used by insurance companies to determine your rates.

• Good drivers pay less – Attentive drivers receive lower rates compared to bad drivers. Even a single chargeable violation can increase the cost of insurance by twenty percent. Drivers with license-revoking tickets like reckless driving or DUI may find that they have to to complete a SR-22 with their state DMV in order to legally drive a vehicle.

  The illustration below highlights how traffic violations and accidents can affect Scion xB insurance rates for different age groups. The information is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

• Rental and towing coverage may not be needed – Insurance companies have many optional add-on coverages you can purchase if you don’t pay attention. Insurance for vanishing deductibles, towing, and term life insurance may not be needed and are just wasting money. They may sound like good ideas when you first buy your policy, but if they’re wasting money eliminate them to save money.
• Less chance of injury means lower insurance rates – Safe vehicles tend to have better insurance rates. Vehicles built for safety have better occupant injury protection and fewer serious injuries translates into savings for insurance companies which can mean better rates for you. If your Scion scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
• Bundle policies and save money – Lots of insurance companies apply lower prices to insureds that buy multiple policies. It’s known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare other company rates to guarantee you are still saving the most.

• Insurance losses for a Scion xB – Insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Models that the data shows to have a trend towards higher claim severity or frequency will cost more for coverage. The data below shows the insurance loss data used by companies for Scion xB vehicles.

  For each coverage category, the statistical loss for all vehicles averaged together equals 100. Percentages below 100 imply a favorable loss record, while values that are above 100 indicate higher probability of having a loss or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Scion xB Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Scion xB	86	92	89	148	127	116

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance data for a Scion xB

The premium table displayed next outlines detailed analysis of prices for Scion xB models. Learning how insurance prices are formulated can benefit drivers when making smart choices when comparing insurance quotes.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in specific garaging location which can revise auto insurance rates substantially.

Should you raise deductibles?

One common question asked by Greensboro drivers is how high should the physical damage coverage deductibles be. The rates shown below show the difference in cost between low and high physical damage deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can revise coverage prices considerably.

Based on the data above, we can derive that using a $100 deductible would cost the average driver about $16 more each month or $192 each year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 25 months between claims, you would more than likely save some money by going with a higher deductible.

The example below illustrates how your deductible choice and can change Scion xB yearly insurance costs for different age groups. The premiums are based on a married female driver, comp and collision included, and no discounts are factored in.

Yearly auto insurance costs for men versus women

The example below shows the comparison of Scion xB insurance costs for male and female drivers. The information is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single status, and no policy discounts are applied.

Car insurance policy discounts for Scion xB insurance in Greensboro

Some insurers don’t always list every discount in a way that’s easy to find, so we researched both the well known and the more hidden credits that may apply to you.

• Accident Forgiveness Coverage – This one isn’t a discount, but a few companies such as Allstate and GEICO will allow you to have one accident before your rates go up so long as you haven’t had any claims for a specific time period.
• Online Discount – A few companies will give you a small discount for buying your policy on their website.
• Claim Free – Insureds with no claims or accidents are rewarded with significantly better rates on Greensboro auto insurance quote compared to frequent claim filers.
• Student Discounts – This discount could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
• Club Memberships – Having an affiliation with a civic or occupational organization in Greensboro is a good way to get lower rates on your next renewal.
• Use Seat Belts – Buckling up and requiring all passengers to buckle up before driving could save 15% off the medical payments premium.
• Discounts for Responsible Drivers – Insureds without accidents can pay as much as 50% less than their less cautious counterparts.
• Homeowners Savings – Simply owning a home can save you money due to the fact that maintaining a home demonstrates responsibility.
• Discounts for Federal Employees – Simply working for the federal government could provide a small rate reduction with certain companies.

One thing to note about discounts is that most discounts do not apply to the entire cost. Most only reduce individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, you’re out of luck. But any discount will reduce the premium cost.

The illustration below shows the difference between Scion xB premium costs with and without discounts applied to the policy rates. The premiums assume a male driver, no claims, a clean driving record, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, multi-policy, safe-driver, and multi-car discounts applied.

Companies and some of the premium reductions they offer are included below.

• Progressive offers premium reductions for good student, online quote discount, multi-vehicle, multi-policy, homeowner, and continuous coverage.
• The Hartford offers discounts including good student, defensive driver, bundle, air bag, and vehicle fuel type.
• Mercury Insurance may have discounts that include anti-theft, annual mileage, ease of repair, good student, type of vehicle, location of vehicle, and multi-car.
• GEICO may include discounts for multi-vehicle, daytime running lights, air bags, emergency military deployment, and membership and employees.
• AAA may offer discounts for multi-car, multi-policy, education and occupation, anti-theft, AAA membership discount, good student, and good driver.
• State Farm discounts include good student, student away at school, multiple policy, defensive driving training, and Drive Safe & Save.

If you need inexpensive Greensboro auto insurance quotes, ask each insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your area.

In conclusion

Budget-conscious Scion xB insurance is possible both online as well as from insurance agents, so you need to shop Greensboro auto insurance with both to have the best rate selection. Some insurance companies may not have internet price quotes and many times these small, regional companies sell through independent agencies.

In this article, we presented many ideas to compare Scion xB insurance premium rates in Greensboro. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Drivers may even discover the most savings is with an unexpected company. These companies may have significantly lower prices on certain market segments than the large multi-state companies such as Allstate and Progressive.

Additional information can be read at these links:

• A Tree Fell on Your Car: Now What? (Allstate)
• How Much is Auto Insurance for Hybrid Vehicles in Greensboro? (FAQ)
• What Insurance is Cheapest for a Ford Fusion in Greensboro? (FAQ)
• How Much is Greensboro Auto Insurance for High Mileage Drivers? (FAQ)
• How Much are Auto Insurance Rates for Welfare Recipients in Greensboro? (FAQ)
• Think You’re a Safe Driver? (State Farm)
• Frontal Crash Tests (iihs.org)
• Liability Insurance Coverage (Nationwide)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)