Save Money on Ford Transit Connect Insurance in Raleigh

If saving the most money is your goal, then the best way to get the cheapest Ford Transit Connect insurance is to start doing an annual price comparison from companies who provide car insurance in Raleigh. Rates can be compared by following these guidelines.

• First, it will benefit you to learn about what coverages are included in your policy and the things you can control to keep rates in check. Many policy risk factors that cause high rates like your driving record and a negative credit score can be rectified by making minor changes in your lifestyle.
• Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can quote rates from multiple sources.
• Third, compare the new rates to your current policy premium to see if you can save by switching companies. If you find better rates, verify that coverage does not lapse between policies.
• Fourth, give proper notification to your current agent or company of your intent to cancel the current policy. Submit any necessary down payment along with the completed application to your new company or agent. As soon as you can, place the new certificate of insurance in your glove compartment.

A good tip to remember is to compare similar limits and deductibles on each quote request and and to analyze every company you can. Doing this enables the most accurate price comparison and the best price selection.

Shockingly, 70% of consumers kept their coverage with the same car insurance company for well over three years, and almost half have never compared car insurance rates at all. Many consumers in the U.S. can save approximately $850 each year just by comparing rates, but they just don’t understand the rate savings if they switch to a new company.

Finding low cost Raleigh auto insurance prices isn’t really that difficult. You just need to take the time getting comparison quotes from online providers.

Doing online price quotes comparisons is so easy that it takes the place of having to waste gas driving to different Raleigh agent offices. Comparing Ford Transit Connect insurance rates online can eliminate the need for a local agent unless you require the personal advice of a local agency. Although, it is possible find lower rates online and get advice from an agent in your area.

The companies shown below provide free quotes in Raleigh, NC. To locate the cheapest auto insurance in Raleigh, we recommend you get price quotes from several of them to get a more complete price comparison.

Insurance analysis for a Ford Transit Connect

The price information shown next covers a range of policy rates for Ford Transit Connect models. Knowing how auto insurance prices are determined can help guide drivers when making decisions on the best policy coverages.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Price information does not factor in vehicle location which can increase or decrease insurance rates greatly.

Analysis of deductible levels

One of the hardest decisions when shopping for insurance is which deductibles should you choose. The comparisons below determine the costs and benefits of buying low and high policy deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in your specific Raleigh location which can decrease or increase premium rates considerably.

Based on these figures, using a $250 deductible could cost the average driver approximately $17 more each month or $204 for a full year than quoting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 44 months between claims, you would probably save some money if you choose the higher deductible. The numbers below show an example of how this decision is made.

Ford Transit Connect full coverage rates compared to liability only

The example below illustrates the difference between Ford Transit Connect car insurance costs when comparing full coverage to state minimum liability only. The costs are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

When to drop full coverage

There isn’t a steadfast formula that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let’s assume your Ford Transit Connect replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying the physical damage deductible. If premiums are more than $400 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some cases where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Affordable rates on Ford Transit Connect insurance in Raleigh with these auto insurance discounts

Companies that sell car insurance don’t list every policy discount very clearly, so here is a list some of the more common in addition to some of the lesser obvious ways to save on auto insurance.

• Multi-line Discount – Some companies give lower premium rates if you buy life insurance.
• No Claims – Drivers with accident-free driving histories are rewarded with significantly better rates on Raleigh auto insurance quote as compared to accident-prone drivers.
• Professional Memberships – Belonging to a qualifying organization is a simple method to lower premiums on your policy.
• Safety Course Discount – Passing a driver safety class could save 5% or more and easily pay for the cost of the class.
• ABS Braking Discount – Cars, trucks, and SUVs with ABS and/or traction control are safer to drive so you can save 10 percent or more.
• Discounts for Good Drivers – Drivers who don’t get into accidents can pay as much as 50% less than their less cautious counterparts.

Don’t be shocked that some credits don’t apply to the entire policy premium. The majority will only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, that’s just not realistic.

The information below visualizes the comparison of Ford Transit Connect auto insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, multi-policy, and marriage discounts applied.

A few of the larger companies and some of the premium reductions they offer can be read below.

• State Farm offers discounts for multiple policy, accident-free, good student, safe vehicle, and Drive Safe & Save.
• American Family has discounts for mySafetyValet, bundled insurance, multi-vehicle, early bird, defensive driver, accident-free, and good driver.
• AAA has savings for good student, AAA membership discount, anti-theft, multi-policy, and pay-in-full.
• GEICO offers premium reductions for emergency military deployment, driver training, multi-vehicle, five-year accident-free, daytime running lights, air bags, and multi-policy.
• Mercury Insurance includes discounts for anti-theft, annual mileage, professional/association, multi-policy, good student, and low natural disaster claims.
• Farmers Insurance discounts include youthful driver, early shopping, homeowner, switch companies, bundle discounts, alternative fuel, and business and professional.
• Progressive may have discounts that include online quote discount, good student, multi-policy, multi-vehicle, homeowner, online signing, and continuous coverage.

Before buying, ask each insurance company to give you their best rates. Some of the earlier mentioned discounts may not be offered in your state.

It may be expensive, but it’s not optional

Despite the potentially high cost of Ford Transit Connect insurance, insurance is most likely required but also gives you several important benefits.

• The majority of states have minimum liability requirements which means the state requires a minimum amount of liability insurance coverage 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 Ford Transit Connect, almost every bank will force you to buy insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Ford at an extremely high rate and force you to reimburse them much more than you were paying before.
• Insurance protects not only your Ford but also your financial assets. It will also provide coverage for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of your driving. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of having insurance definitely exceed the price paid, particularly for liability claims. The average driver in North Carolina is wasting up to $820 a year so compare rate quotes every year to save money.

Do I just need basic coverages?

Always remember that when buying the best auto insurance coverage for your vehicles, there really is no cookie cutter policy. Your situation is unique.

These are some specific questions could help you determine whether you may require specific advice.

• How much liability insurance is required?
• Does having multiple vehicles earn me a discount?
• How do I buy GAP insurance?
• Are there companies who specialize in insuring high-risk drivers?
• How can I find cheaper teen driver insurance?
• How can I force my company to pay a claim?
• Where can I get insurance after a DUI in North Carolina?
• Who does medical payments coverage extend to?
• Should I pay a claim out-of-pocket?
• Who is covered when they drive my Ford Transit Connect?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

When to contact an agent

Some consumers would prefer to sit down with an agent and often times that is recommended Professional insurance agents can help determine the best coverages and help you file claims. An additional benefit of getting online price quotes is that you can obtain better rates and still buy from a local agent. Supporting local insurance agents is important particularly in Raleigh.

Once you complete this simple form, your insurance coverage information is emailed to local insurance agents that can give you free Raleigh auto insurance quotes for your coverage. It makes it easy because there is no need to find an agent because quoted prices will be sent immediately to your email address. If you wish to compare rates for a specific company, you would need to jump over to their website and fill out their quote form.

If you prefer to buy car insurance from a reputable agency, it helps to know the two types of insurance agents and how they differ in how they can insure your vehicles. Raleigh agents can be classified as either independent or exclusive. Either type can sell car insurance policies, but it is a good idea to know how they are different since it can affect the kind of agent you use.

Independent Insurance Agents

Independent insurance agents are not restricted to one company and that enables them to quote your coverage with an assortment of companies and find the cheapest car insurance rates. If they find a lower price, they can switch companies in-house which requires no work on your part.

When shopping rates, you definitely need to get insurance quotes from independent agents in order to compare the most rates.

Below is a short list of independent agencies in Raleigh who may provide free price quotes.

More Raleigh agents

Exclusive Agents

These type of agents can usually just insure with one company such as Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot shop your coverage around so they really need to provide good service. Exclusive insurance agents receive a lot of sales training on what they offer which aids in selling service over price.

The following is a short list of exclusive insurance agents in Raleigh that can give you rate quotes.

More Raleigh agents

Choosing the best insurance agent needs to be determined by more than just a low price. Any agent in Raleigh should have no problem answering these questions:

• Are claims handled at the agent’s location?
• Do you qualify for any additional discounts?
• Can you contact them at any time?
• Do they receive special compensation for putting your coverage with one company over another?
• Are they involved in claim handling?
• Will the agent or a CSR service your policy?