Do you want a faster way to compare the cheapest insurance rates in Greenwood, SC? Greenwood shoppers have a choice when shopping for the lowest priced car insurance. You can either spend your time struggling with agents to get rate comparisons or use the internet to find the lowest rates. There is a right way and a wrong way to compare insurance rates and we'll show you the best way to get price quotes for your and find the lowest possible price.
It's important to get comparison quotes as often as possible because prices are constantly changing. Even if you got the lowest quotes on insurance a few years ago you can probably find a lower rate today. You'll find quite a bit of inaccurate information about insurance on the web, but by reading this article, you're going to learn some excellent ideas to lower your insurance bill.
If you are already insured or are shopping for new coverage, you will benefit by learning to save money without sacrificing coverage. Our objective in writing this article is to let you in on how to compare rates easily and some tricks to saving. Vehicle owners just have to use the least time-consuming way to shop for insurance online.
Auto insurance providers offering cheap rate quotes in South Carolina
The auto insurance companies shown below offer free quotes in Greenwood, SC. If multiple companies are shown, we suggest you visit as many as you can in order to find the most competitive rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 2WD||$1,086||$543||$91|
|Chevrolet Malibu LTZ||$1,294||$647||$108|
|Chevrolet Silverado LS Crew Cab 4WD||$1,230||$615||$103|
|Dodge Grand Caravan CV||$972||$486||$81|
|Dodge Ram Crew Cab TRX 4WD||$1,324||$662||$110|
|Ford Escape XLT 2WD||$794||$397||$66|
|Ford F-150 XL Regular Cab 4WD||$838||$419||$70|
|Ford Focus SES 4-Dr Sedan||$1,118||$559||$93|
|GMC Sierra Denali Crew Cab 4WD||$1,196||$598||$100|
|Honda Accord LX-P 4-Dr Sedan||$974||$487||$81|
|Honda CR-V LX 4WD||$974||$487||$81|
|Honda Civic EX-L 4-Dr Sedan||$896||$448||$75|
|Hyundai Elantra GLS 4-Dr Sedan||$956||$478||$80|
|Jeep Grand Cherokee Laredo 4WD||$918||$459||$77|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,430||$715||$119|
|Nissan Rogue SL 2WD||$974||$487||$81|
|Toyota Camry XLE||$972||$486||$81|
|Toyota Corolla XRS||$992||$496||$83|
|Toyota Tacoma X-Runner 2WD||$1,562||$781||$130|
|Get Your Own Custom Quote Go|
Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise prices considerably.
Difference between full coverage and liability only rates
The illustration below shows the difference between Kia Optima auto insurance rates with and without full coverage. The rate quotes are based on no accidents, no driving violations, $250 deductibles, single male driver, and no policy discounts are applied.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you buy full coverage or liability only?
There is no definitive formula to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let's pretend your Kia Optima book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If premiums are more than $300 a year for physical damage coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not opt for liability only.
Rate comparison for different deductibles
The example below illustrates how your deductible choice and can impact Chevrolet Tahoe insurance premiums for different insured age categories. The premiums assume a married female driver, comp and collision included, and no discounts are applied to the premium.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
Auto insurance rates by gender and age in Greenwood
The information below shows the difference between premium costs for male and female drivers in Greenwood. The rates are based on no accidents or driving violations, comp and collision included, $100 deductibles, single marital status, and no discounts are taken into consideration on a Toyota Camry SE.
Toyota Camry rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Verify you're earning every discount
Not too many consumers would say auto insurance is affordable, but companies offer discounts that can drop the cost substantially. Many of these discounts will be applied automatically when you get a quote, but some may not be applied and must be asked about before being credited. If you do not check that you are getting every discount possible, you're paying more than you need to.
- Multi-car Discount - Having multiple cars with one company can get a discount on all vehicles.
- Defensive Driver - Passing a safe driver course could cut 5% off your bill and easily recoup the cost of the course.
- Discounts for Good Drivers - Drivers who don't get into accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- Sign Early and Save - Select companies give a discount for switching policies prior to your current policy expiration. It could save around 10% when you buy Greenwood auto insurance online.
- Anti-lock Brakes - Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions and therefore earn up to a 10% discount.
- Discounts for Seat Belt Usage - Drivers who require all occupants to buckle up can save 10% or more off PIP or medical payments premium.
- 55 and Retired - Drivers that qualify as senior citizens can possibly qualify for a small discount on rates.
- New Vehicle Savings - Insuring a vehicle that is new can cost up to 25% less because newer models are generally safer.
- Accident Forgiveness Coverage - Not necessarily a discount, but companies like Progressive, Allstate, and Liberty Mutual will forgive one accident without raising rates if you are claim-free before the accident.
- Bundled Policy Discount - If you can bundle your home and auto insurance and place coverage with the same company you could earn a discount of over 10 percent off each policy depending on the company.
A little disclaimer on discounts, some credits don't apply to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like you would end up receiving a 100% discount, it's just not the way it works.
Some of the insurance companies that may have some of the discounts shown above include:
When getting free Greenwood auto insurance quotes, it's a good idea to every insurance company to give you their best rates. A few discounts might not be available to policyholders in every state. To find insurers that provide some of the discounts listed above in Greenwood, click this link.
Consumers constantly see and hear ads that claim the best auto insurance rates from companies such as State Farm, GEICO and Progressive. All the companies convey the message that drivers will save a bundle just by switching your car insurance coverage to their company.
How does every car insurance company save you money on car insurance? This is how they do it.
Companies look for specific characteristics for the type of driver that makes them money. For instance, a profitable customer might be described as over the age of 40, carries full coverage, and insures a new vehicle. Someone who fits that profile receive the lowest rate quotes in Greenwood and will save a lot of money.
Potential customers who cannot meet the "perfect" profile will see higher prices and the customer not purchasing. The trick companies use is to say "people who switch" not "everyone who quotes" save that kind of money. That is how companies can truthfully advertise the way they do. Because of these techniques, you should do a quote comparison often. It is impossible to guess with any certainty which company will be your best fit.
Parts of your insurance policy
Understanding the coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.
Uninsured or underinsured coverage - This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle's damage.
Since a lot of drivers have only the minimum liability required by law (South Carolina limits are 25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.
Collision coverages - Collision coverage covers damage to your vehicle from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as sustaining damage from a pot hole, crashing into a ditch, scraping a guard rail and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.
Medical expense coverage - Med pay and PIP coverage kick in for short-term medical expenses for things like hospital visits, prosthetic devices, ambulance fees, dental work and pain medications. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
Auto liability - Liability coverage provides protection from damage or injury you incur to people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged property.
Liability insurance covers things such as repair costs for stationary objects, funeral expenses, repair bills for other people's vehicles and bail bonds. How much liability coverage do you need? That is up to you, but it's cheap coverage so purchase as large an amount as possible. South Carolina state law requires minimum liability limits of 25/50/25 but you should consider buying better liability coverage.
Comprehensive protection - This pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as hitting a bird, a tree branch falling on your vehicle and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Compare but don't skimp
When searching for inexpensive Greenwood auto insurance quotes, it's very important that you do not skimp on coverage in order to save money. Too many times, an insured dropped uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your goal is to get the best coverage possible at the best cost while not skimping on critical coverages.
Insureds who switch companies do it for a variety of reasons including poor customer service, delays in responding to claim requests, policy cancellation or even being labeled a high risk driver. No matter why you want to switch, finding a great new company is less work than it seems.
Budget-friendly auto insurance in Greenwood can be found from both online companies and with local Greenwood insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers don't offer online price quotes and many times these smaller providers only sell through independent agents.
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