Do you need a better way to compare low-cost insurance rates in Greenville, TX? Greenville consumers have options when looking for the best price on car insurance. You can either waste hours calling around getting price quotes or leverage the internet to compare rates. There is a better way to find insurance online so you're going to learn the proper way to quote coverages on a and get the cheapest rates from Greenville insurance agents and online providers.
Locating the best rates in Greenville is really not that difficult. If you currently have a car insurance policy, you will surely be able to buy cheaper auto insurance using the concepts covered in this article. Drivers just have to know the proper way to compare price quotes online.
Most major insurance companies provide insurance quotes from their websites. The process doesn't take a lot of time as you just type in your required coverages as detailed in the form. After you complete the form, the company's rating system orders credit information and your driving record and provides a quote based on the information you submitted.
The ability to get online price quotes streamlines rate comparisons, and it is imperative to do this if you want to find cheaper rates.
To find out how much you can save on car insurance, check out the car insurance providers below. If you have a policy now, it's recommended you duplicate the limits and deductibles identical to your current policy. This helps ensure you will get a price comparison using the exact same coverages.
The companies in the list below are ready to provide free rate quotes in Greenville, TX. To get cheap car insurance in Texas, we suggest you get rates from several of them to find the most competitive auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LS Extended Cab 2WD||$1,258||$629||$105|
|Dodge Grand Caravan Hero||$1,516||$758||$126|
|Dodge Ram Crew Cab TRX 2WD||$1,640||$820||$137|
|Ford Escape XLT 2WD||$898||$449||$75|
|Ford F-150 Lariat Crew Cab Harley 2WD||$1,472||$736||$123|
|Ford Focus SE 2-Dr Coupe||$1,444||$722||$120|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,352||$676||$113|
|Honda Accord LX-S 2-Dr Coupe||$1,462||$731||$122|
|Honda CR-V EX-L 2WD||$978||$489||$82|
|Honda Civic Hybrid 4-Dr Sedan||$1,460||$730||$122|
|Jeep Wrangler Rubicon 4WD 2-Dr||$936||$468||$78|
|Kia Optima EX||$1,326||$663||$111|
|Nissan Altima 2.5 4-Dr Sedan||$1,352||$676||$113|
|Nissan Rogue S AWD||$1,258||$629||$105|
|Toyota Camry Hybrid||$1,034||$517||$86|
|Toyota Corolla S||$1,038||$519||$87|
|Toyota RAV4 Limited 2WD||$1,356||$678||$113|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,540||$770||$128|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in vehicle location which can affect coverage prices considerably.
Careless drivers pay higher rates
The example below shows how violations and at-fault claims impact Kia Optima insurance costs for different age groups of insureds. The rates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Cost of full coverage in Greenville
The information below illustrates the difference between Chevrolet Tahoe yearly insurance costs with and without full coverage. The premiums are based on no violations or accidents, $1,000 deductibles, single male driver, and no other discounts are factored in.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
Deciding between full coverage and liability only
There is no definitive formula to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's pretend your Chevrolet Tahoe book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, then it might be time to consider dropping full coverage.
There are some conditions where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Three reasons to insure your vehicle
Even though it can be expensive, paying for insurance is required in Texas but also provides important benefits.
- Almost all states have mandatory insurance requirements which means you are required to carry a minimum amount of liability insurance if you want to drive legally. In Texas 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 lien on your vehicle, almost every bank will force you to buy insurance to ensure loan repayment if the vehicle is totalled. If you do not keep the policy in force, the lender may have to buy a policy to insure your vehicle at an extremely high rate and force you to pay a much higher amount than you were paying before.
- Insurance protects your car and your assets. It also can pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay to defend you if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance definitely exceed the price paid, especially for larger claims. The average driver in America is wasting up to $855 a year so compare rates at every policy renewal to make sure the price is not too high.
Six factors that affect insurance prices
Lots of factors are part of the equation when quoting car insurance. Most are fairly basic such as your driving record, but other factors are not quite as obvious like where you live or how safe your car is. It's important that you understand a few of the rating criteria that go into determining your auto insurance rates. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that could help you find lower auto insurance prices.
The following are a few of the things utilized by car insurance companies to help set prices.
- Pay more for higher performance vehicles - The performance of the vehicle you own makes a huge difference in your rates. The best insurance prices are usually found on smaller low performance passenger models, but other factors influence the final cost greatly.
- Cheaper rates with high deductibles - Coverage for physical damage, also called 'full coverage', insures against damage to your car. Some instances where coverage would apply could be a broken side mirror, hail damage, and damage caused by flying debris. Your deductibles are how much you are required to spend before a claim is paid by your company. The higher the amount you're willing to pay, the lower your rates will be.
- Cars with good safety ratings save money - Cars with five star safety ratings can get you lower premiums. The safest vehicles reduce occupant injuries and fewer serious injuries means less money paid by your insurance company and lower rates for you. If your car, truck, or SUV scored at minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.
- Annual miles is a factor - The more miles you rack up on your car annually the more you'll pay to insure your vehicle. A lot of companies rate vehicles based on their usage. Cars that have low annual miles can get a lower rate than those used for commuting. Double check that your auto insurance policy correctly shows the correct driver usage, because it can save money.
- Policy add-ons can waste money - There are many extra coverages that sound like a good idea at the time on your policy. Coverages for vanishing deductibles, high-cost glass coverage, and extra life insurance coverage are examples of these. They may seem like a good idea initially, but your money might be better spent on other coverage so eliminate them to save money.
- Always have auto insurance - Having an insurance coverage lapse is a sure-fire way to pay more for auto insurance. Not only will rates go up, failure to provide proof of insurance could result in a revoked license or a big fine. You may then have to file a SR-22 with the Texas DMV.
Determine discounts to get cheap Greenville car insurance quotes
Car insurance can cost a lot, but there could be significant discounts to help offset the cost. Some trigger automatically when you complete an application, but less common discounts must be asked for before being credited.
- Accident-Free Discounts - Drivers with accident-free driving histories get the best car insurance rates when compared to policyholders that have many claims.
- Active Military Service - Being deployed with a military unit may lower your rates slightly.
- Discounts for New Vehicles - Buying a new car instead of a used car can cost up to 25% less because newer models have to meet stringent safety requirements.
- Driver Training Discounts - Successfully completing a course teaching safe driver skills could possibly earn you a 5% discount and easily recoup the cost of the course.
- Auto/Life Discount - Insurance carriers who offer life insurance give a small discount if you purchase a life insurance policy as well.
- Telematics Discount - Greenville drivers who agree to allow their company to spy on driving manner by using a telematics device in their vehicle such as Progressive's Snapshot could see a rate decrease as long as they are good drivers.
It's important to understand that some credits don't apply to the entire cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, car insurance companies aren't that generous. But any discount should help lower your overall premium however.
For a list of insurers that can offer you the previously mentioned discounts in Texas, click here to view.
Can't I compare prices from local Greenville insurance agents?
Some consumers would prefer to get professional advice from a licensed agent and we recommend doing that Professional agents can help you choose the best coverages and will help you if you have claims. A nice benefit of comparing insurance prices online is you can get cheap rate quotes but also keep your business local.
For easy comparison, once you complete this quick form, your coverage information is submitted to local insurance agents in Greenville that can provide free Greenville auto insurance quotes for your business. You don't have to find an agent on your own as quotes are delivered to your email. In the event you want to get a rate quote from a specific company, feel free to jump over to their website and submit a quote form there.
Finding the right company should depend on more than just the quoted price. A good agent in Greenville will have answers to these questions.
- Do they have cheaper tiers of coverage?
- What is the agency's Better Business Bureau rating?
- Can glass repairs be made at your home?
- Is the agency active in community causes in Greenville?
- Are they able to provide referrals?
- Can you use your own choice of collision repair facility?
- Does the company have a local claim office in Greenville?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
Types of auto insurance agents
When narrowing the list to find a reputable agency, you need to know there are two different types of agencies and how they are distinctly different. Car insurance agents in Greenville are categorized either exclusive or independent (non-exclusive). Either can properly insure your vehicles, but it's a good idea to understand the differences since it may influence the selection process.
Exclusive Car Insurance Agencies
These agents can only write with one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company's prices so if the price isn't competitive there isn't much they can do. These agents receive a lot of sales training on what they offer which helps offset the inability to provide other markets. Some insured continue to choose to use a exclusive agent mostly because of loyalty to the company rather than having the cheapest rates.
Independent Agents (or Brokers)
Independent insurance agents are normally appointed by many insurers so as a result can place your coverage through lots of different companies and possibly get better coverage at lower prices. To move your coverage to a new company, your agent can switch companies which is easy for the insured. If you are trying to find cheaper rates, you will want to include rate quotes from independent agents to have the best price comparison. Many can place coverage with companies that do not advertise much which may provide better rates.
More comparisons equals affordable rates
Some insurance providers may not have online quoting and many times these smaller companies only sell coverage through independent insurance agencies. Cheaper insurance in Greenville is possible online and also from your neighborhood Greenville agents, and you need to comparison shop both in order to have the best price selection to choose from.
Drivers who switch companies do it for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, denial of a claim or questionable increases in premium. It doesn't matter why you want to switch choosing a new insurance company is easier than you think.
You just learned a lot of tips how to get a better price on insurance in Greenville. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest priced insurance comes from a lesser-known regional company.
More information can be found at the links below
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has the Cheapest Texas Auto Insurance Rates for Drivers Over Age 50? (FAQ)
- What Insurance is Cheapest for Teachers in Texas? (FAQ)
- Who Has the Cheapest Texas Car Insurance Rates for Good Students? (FAQ)
- Who Has Affordable Texas Car Insurance Rates for College Graduates? (FAQ)
- State Car Insurance Guides (GEICO)
- Anti-Lock Brake FAQ (iihs.org)