Did budget coverage turn out to be overpriced insurance? Trust us, there are many people just like you.

It's hard to believe, but the vast majority of insurance customers have stayed with the same insurance company for over three years, and nearly half have never taken the time to shop around. Many drivers in South Carolina can cut their rates by nearly $700 a year by just shopping around, but most just don't grasp how much money they would save if they bought a different policy. Drivers have multiple car insurance companies to insure vehicles with, and though it is a good thing to be able to choose, so many choices can make it hard to find a good deal.

You should take the time to do rate comparisons once or twice a year because insurance prices tend to go up over time. Even if you got the lowest rates on insurance six months ago you can probably find a lower rate today. Ignore everything you know about insurance because you're going to learn the right way to properly buy coverages and cut your premium.

How to shop insurance online

Cutting your Hilton Head Island insurance rates is surprisingly easy. The only thing you need to do is invest a little time comparing free Hilton Head Island auto insurance quotes to discover which company has affordable Hilton Head Island auto insurance quotes.

Getting price quotes online is very simple and it takes the place of having to call or drive to insurance agencies in your area. Comparing insurance rates online eliminates this option unless you have a complicated situation and need the professional advice of a licensed agent. If you prefer, some companies allow you to price shop your coverage online and still use a local Hilton Head Island agent.

The following companies can provide price comparisons in Hilton Head Island, SC. If more than one company is shown, it's highly recommended you click on several of them to get the lowest price.

Insurance Price Estimates for Popular Vehicles in Hilton Head Island
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LT $1,352 $676 $113
Chevrolet Silverado LT Crew Cab 2WD $1,386 $693 $116
Dodge Ram Quad Cab Sport 4WD $1,206 $603 $101
Ford Escape XLS 4WD $1,122 $561 $94
Ford Explorer Limited 2WD $920 $460 $77
Ford F-150 STX Super Cab 4WD $876 $438 $73
Ford Focus SE 4-Dr Sedan $978 $489 $82
Honda Accord EX 4-Dr Sedan $1,238 $619 $103
Honda CR-V LX 4WD $908 $454 $76
Honda Civic SI 2-Dr Coupe $1,514 $757 $126
Jeep Wrangler Unlimited Rubicon 4WD 4-Dr $1,286 $643 $107
Mazda 3 I Touring 4-Dr Sedan $1,062 $531 $89
Nissan Altima 3.5 SR 2-Dr Coupe $1,300 $650 $108
Toyota Camry Hybrid $1,028 $514 $86
Toyota Corolla XLE $1,086 $543 $91
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can revise price quotes significantly.

Where to set your deductibles

The diagram below illustrates how choosing a deductible and can impact Kia Optima annual premium costs for different age groups. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Car insurance rates are higher with tickets and accidents

The illustration below illustrates how violations and accident claims raise Honda Accord insurance rates for each age group. The prices are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Higher deductibles lower rates

One of the hardest decisions when shopping for car insurance is where should you set your physical damage deductibles. The comparison tables below may help to conceptualize how much more rates are between low and high deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second data table uses a $500 deductible.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Elantra insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $256 $436 $290 $18 $86 $1,111 $93
Elantra Blue 4-Dr Sedan $256 $624 $342 $20 $102 $1,369 $114
Elantra GLS 4-Dr Sedan $294 $624 $342 $20 $102 $1,407 $117
Elantra SE 4-Dr Sedan $294 $624 $342 $20 $102 $1,407 $117
Elantra SE Touring Station Wagon $294 $530 $290 $18 $86 $1,243 $104
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Hyundai Elantra insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $186 $294 $290 $18 $86 $874 $73
Elantra Blue 4-Dr Sedan $186 $422 $342 $20 $102 $1,072 $89
Elantra GLS 4-Dr Sedan $214 $422 $342 $20 $102 $1,100 $92
Elantra SE 4-Dr Sedan $214 $422 $342 $20 $102 $1,100 $92
Elantra SE Touring Station Wagon $214 $358 $290 $18 $86 $966 $81
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rates do not factor in vehicle location which can decrease or increase insurance rates substantially.

We can estimate from the data above that using a $100 deductible will cost you approximately $24 more each month or $288 each year than selecting the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 17 months between claim filings, you would most likely save money going with the higher deductible.

Why you need quality insurance for your vehicle

Despite the high insurance cost in Hilton Head Island, maintaining insurance is a good idea for several reasons.

The benefits of having insurance are without a doubt worth the cost, particularly if you ever have a claim. Today the average American driver overpays as much as $855 a year so it's very important to do a rate comparison at least once a year to help ensure money is not being wasted.

Verify you're applying every discount

Insuring your fleet can be pricey, but you may be missing some discounts that you may not know about. Some discounts will apply when you purchase, but some discounts are required to be asked for before being credited.Discount insurance

As is typical with insurance, most credits do not apply to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, insurance companies aren't that generous.

To find insurers with significant discounts in Hilton Head Island, follow this link.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage for your vehicles, there really is no "best" method to buy coverage. Your needs are unique to you.Insurance savings

For example, these questions might help in determining if your situation might need an agent's assistance.

If you're not sure about those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and you can get the answers you need.

Car insurance policy coverages

Understanding the coverages of car insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Collision protection

This coverage will pay to fix damage to your vehicle resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a building, sideswiping another vehicle, damaging your car on a curb, colliding with another moving vehicle and hitting a parking meter. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses for funeral costs, rehabilitation expenses, pain medications, surgery and hospital visits. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Auto liability

This coverage provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like repair bills for other people's vehicles, structural damage and legal defense fees. How much coverage you buy is up to you, but you should buy as much as you can afford. South Carolina requires minimum liability limits of 25/50/25 but drivers should carry more coverage.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, theft, hail damage, a broken windshield and damage from a tornado or hurricane. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle's occupants when the "other guys" either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle's occupants as well as your vehicle's damage.

Because many people only purchase the least amount of liability that is required (which is 25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liability limits.

Claim statistics by make and model

Which vehicles have good claim ratings? The statistics below show the best and worst vehicle makes and models for likelihood of having to file claims for each type of coverage listed.

Lowest and Highest Auto Insurance Collision Claims by Vehicle
Lowest Claims Highest Claims
Ford F-250 SuperCab Maserati Ghibli
Chevrolet Colorado Bently Continental GT
Jeep Wrangler Ferrari 458
Ford F-150 SuperCrew Maserati Granturismo
Nissan Xterra BMW 6 Series
Smart ForTwo Bently Continental GTC

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

Vehicle Make and Models with the Lowest and Highest Medical Payment Insurance Claims
Lowest Claims Highest Claims
Chevrolet Corvette Mitsubishi Lancer
Audi A4 Allroad Dodge Charger
Ford Expedition Nissan Versa
Chevrolet Silverado 3500 Hyundai Accent
Land Rover Range Rover Sport Chrysler 200
Ford F-350 SuperCrew Kia Forte

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

Auto Insurance Liability Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Acura MDX Kia Rio
Subaru Outback Hyndai Accent
Chevrolet Corvette Dodge Charger
Subaru Forester Chevrolet Cruze
Volvo XC60 Mitsubishi Lancer
Fiat 500 Mitsubishi Mirage

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

Comprehensive Insurance Claims by Vehicle Model
Lowest Claims Highest Claims
Nissan Xterra Porsche Panamera GTS
Chevy Spark Audi S7
Smart ForTwo Bentley Continental GTC
Infiniti QX50 Maserati Granturismo
GMC Sierra 2500 Maserati Quattroporte
Nissan Leaf Mercedes-Benz S Class

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

Quote. Compare. Save.

You just read some good ideas how you can find cheaper coverage online. The key concept to understand is the more you quote Hilton Head Island auto insurance, the better likelihood of getting cheap Hilton Head Island auto insurance quotes. You may even discover the lowest priced car insurance comes from a small mutual company.

While you're price shopping online, do not reduce needed coverages to save money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. The goal is to get the best coverage possible at a price you can afford, but do not skimp to save money.

Consumers change insurance companies for a variety of reasons including questionable increases in premium, denial of a claim, high prices or even being labeled a high risk driver. Whatever your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

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