Auto Insurance Rate Quotes for a Scion xB in Raleigh

It takes a little time, but the best way to get low-cost Scion xB insurance in Raleigh is to start comparing prices yearly from providers in North Carolina.

Step 1: Read about coverages and the changes you can make to keep rates down. Many rating factors that are responsible for high rates like distracted driving and an unacceptable credit score can be rectified by making small lifestyle or driving habit changes.

Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agents can quote prices for a wide range of insurance providers.

Step 3: Compare the price quotes to the price on your current policy and determine if cheaper xB coverage is available. If you find a lower rate quote and decide to switch, make sure coverage does not lapse between policies.

One key aspect when comparing rates is to use the same coverage limits and deductibles on every price quote and and to compare as many carriers as you can. This provides a fair rate comparison and the best price quote selection.

Inconceivable but true, a large majority of drivers have bought car insurance from the same company for a minimum of four years, and about 40% of consumers have never taken the time to shop around. Many drivers in North Carolina could save about 10% each year by just shopping around, but they just don’t understand how easy it is to shop their coverage around.

The are a couple different ways to compare rate quotes from many auto insurance companies in North Carolina. The recommended way to lower the rate you pay for Scion xB insurance is to use the internet to compare rates.

Just keep in mind that quoting more increases your odds of finding better pricing.

The companies in the list below have been selected to offer price comparisons in Raleigh, NC. If you want cheap auto insurance in NC, we recommend you click on several of them in order to find the most competitive rates.

Insurance coverage details

The coverage information below showcases different prices for Scion xB models. Having a good understanding how insurance rates are formulated is important for making smart choices when purchasing an insurance policy.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can raise or lower price quotes considerably.

Choosing deductibles

One common question asked by Raleigh drivers is the level to set your comp and collision deductibles. The rates shown below highlight the difference in cost between low and high physical damage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in Raleigh location which can increase or decrease prices noticeably.

Based on the figures above, using a $100 deductible costs roughly $23 more each month or $276 for a full year across all Scion xB models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 39 months between claim filings, you would probably come out ahead by selecting a higher deductible. The table below shows a better example of how you can come to your own conclusion.

The example below highlights how deductible selection and can change Scion xB insurance costs for each different age group. The premiums assume a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Cost of full coverage

The example below visualizes the comparison of Scion xB insurance premiums when comparing full coverage to liability only. The premiums assume a clean driving record, no claims, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to eliminate full coverage

There is no clear-cut formula for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Scion xB book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying the physical damage deductible. If you are paying in excess of $700 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Raleigh car insurance discounts

Insuring your vehicles can cost a lot, but discounts can save money and there are some available to reduce the price significantly. A few discounts will be applied when you quote, but a few must be specially asked for before being credited.

• Waiver for an Accident – This one isn’t a discount, but a handful of insurance companies may permit one accident before raising your premiums so long as you are claim-free before the accident.
• New Car Discount – Buying insurance on a new vehicle can get you a discount since new vehicles have better safety ratings.
• Raleigh Homeowners Discount – Owning your own home or condo can save you money due to the fact that maintaining a home demonstrates responsibility.
• Drive Safe and Save – Insureds without accidents could pay up to 40% less as compared to drivers with claims.
• Fewer Miles Equal More Savings – Keeping the miles down on your Scion may enable drivers to earn substantially lower prices.

Remember that most discounts do not apply to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way.

The information below illustrates the comparison of Scion xB insurance costs with and without discounts applied to the premium. The costs are based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, homeowner, marriage, and multi-car discounts applied.

Insurance companies that have these money-saving discounts include:

• Farm Bureau
• State Farm
• Progressive
• Allstate
• Nationwide
• MetLife

Before buying, ask each company or agent to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in your state. To view insurance companies offering car insurance discounts in Raleigh, follow this link.

Car insurance is an important decision

Even though it’s not necessarily cheap to insure a Scion in Raleigh, insuring your vehicle is a good idea for several reasons.

• Most states have minimum liability requirements which means you are required to buy specific minimum amounts of liability insurance if you don’t want to risk a ticket. 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 your Scion has a loan, it’s most likely the lender will make it mandatory that you buy full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Scion for a much higher rate and make you pay much more than you were paying before.
• Car insurance preserves not only your Scion xB but also your financial assets. Insurance will also pay for all forms of medical expenses incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses if anyone sues you for causing an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your car more than offset the price you pay, especially if you ever need it. The average driver in America overpays as much as $820 a year so it’s important to compare rates each time the policy renews to help ensure money is not being wasted.

Car insurance can be complex

Always keep in mind that when comparing coverage for your vehicles, there is no “perfect” insurance plan. You are unique.

Here are some questions about coverages that might point out whether your personal situation might need professional guidance.

• Is extra glass coverage worth it?
• Should I pay a claim out-of-pocket?
• What happens if I owe more than my Scion xB is worth?
• What is the premium to book value ratio for dropping full coverage?
• Are rock chip repairs covered?
• What if an uninsured driver hits me?
• Can I afford low physical damage deductibles?
• Will I lose any money if I cancel my policy before it expires?
• Can I afford to pay high deductible claims out of pocket?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, complete this form.

Car insurance is available from agents near you

Many drivers prefer to sit down with an agent and often times that is recommended The biggest benefit of comparing car insurance online is you may find the lowest rates and also buy local.

To make it easy to find an agent, after completing this form (opens in new window), your coverage information is sent to companies in Raleigh who will give you bids to get your business. It makes it easy because there is no need to visit any agencies since price quotes are sent to you instantly. You can get cheaper car insurance rates without a big time investment. If for some reason you want to get a comparison quote for a specific company, you would need to visit that company’s website and submit a quote form there.

Picking an insurer is decision based upon more than just the price. Some important questions to ask are:

• Is there any savings for paying the full premium?
• Can they give you a list of client referrals?
• Is the quote a firm price?
• Does the agency have a good rating with the Better Business Bureau?
• Do they offer accident forgiveness?
• Does the company have a local claim office in Raleigh?

If you are wanting to purchase car insurance from a good Raleigh insurance agent, it can be helpful to understand the types of agencies that differ in how they can insure your vehicles. Car insurance agents in Raleigh can either be independent or exclusive.

Exclusive Insurance Agents

Exclusive agents can only quote rates from one company and some examples include American Family, State Farm, and AAA. These agents are not able to compare other company’s rates so they have no alternatives for high prices. They are highly trained on their company’s products which aids in selling service over price. A lot of people use the same agent partially due to high brand loyalty rather than low price.

Listed below is a short list of exclusive agents in Raleigh who can help you get price quotes.

• Carmen Ritz – State Farm Insurance Agent
  1814 Oberlin Rd #101 – Raleigh, NC 27608 – (919) 783-8722 – View Map
• Allstate Insurance: Lauri W. Fair
  9101 Leesville Rd Ste 111 – Raleigh, NC 27613 – (919) 846-3901 – View Map
• GEICO Insurance Agent
  5011 Falls of Neuse Rd A – Raleigh, NC 27609 – (919) 862-1300 – View Map

More insurance agents

Independent Car Insurance Agencies

Independent agencies are not restricted to one company so they can insure your vehicles with any number of different companies and find the cheapest rate. If premiums increase, an independent agent can move your coverage which requires no work on your part. When shopping rates, you absolutely need to get quotes from at least one independent agent to get the most accurate price comparison. A lot of them also have access to smaller mutual companies that many times have cheaper rates.

Shown below are Raleigh independent agencies willing to provide price quote information.

• Nationwide Insurance: Terry E Nobles
  557 Pylon Dr a – Raleigh, NC 27606 – (919) 833-3803 – View Map
• HealthMarkets Insurance Agency
  3700 National Dr #100 – Raleigh, NC 27612 – (919) 720-4724 – View Map
• Chapman Insurance Agency, Inc.
  6829 Falls of Neuse Rd #103 – Raleigh, NC 27615 – (919) 676-5066 – View Map

More insurance agents

If you feel you receive answers to your satisfaction to all your questions as well as offering an affordable quote, it’s possible that you found a car insurance agent that is reputable and can insure your vehicles.