Looking for a car insurance comparison in Charlotte?
We’ve got you covered.
When most think about auto insurance, they think about damage to their car. The truth is, auto insurance covers much more than just your car.
Given the shear amount of cars on the road and the distractions drivers deal with every day, the chances of being involved in a car accident are plentiful.
You’re at risk every time you get into your car.
It’s important to understand what your coverage options are. This isn’t just for your car, but for you, and others who may be injured as a result of your negligence.
Having adequate car insurance limits is serious.
If you are ever involved in an accident and found to be at-fault for someone else’s bodily injuries, you could lose everything if you are not properly insured.
What everyone doesn’t realize is that having great coverage doesn’t necessarily mean having higher insurance premiums.
Because Allen Tate Insurance is 100% independent, we can take your current coverages and compare them with a wide range of insurance providers to see who offers you the best deal possible.
The best part? It doesn’t cost a penny more to use Allen Tate. We are compensated by the insurance carriers directly, and work on your behalf to properly cover your needs and exposures. We also make sure that there are no hidden gaps in your policy.
No two insurance contracts are the same; while two policies side-by-side might look similar, the fine print behind the cover page can vary from company to company. Someone who understands policy contracts like us can help sort through the exclusions and conditions, so you can rest easy knowing that you have the most fitting coverage at the best price.
Important Auto Insurance Coverages
When you browse through your policy, you may see certain coverages and wonder exactly what they are, and why they’re on your policy.
Let us clarify a few important ones for you:
Collision Coverage — this covers your car in the event that you damage the car itself. This would be a result of an accident with a fixed or moving object like another car, a curb, a house, a guard rail, etc.
Comprehensive Coverage — this coverage also protects your car, but in the event that your car is damaged by something that is not a fixed or moving object. For example, theft, a rock that cracks your windshield while you’re driving, or an animal that you might hit would all be covered.
Property Damage — this covers someone else’s car that you damaged, their house, a guard rail, etc. This compensates that other person for the damage you inflicted.
Bodily Injury Liability — this coverage protects your financial interest in the event you injure another party in an accident. This pays that other party for their medical bills and related expenses. Due to the high cost of medical care, it’s risky to carry liability limits that are too low.
Un-insured & Under-insured Liability — this coverage pays you in the event that you are injured by another party, and the other party was either unidentified, or they did not carry a high enough limit of Bodily Injury Liability to cover your expenses. This is a very important part of your auto policy, as you have zero control over how much insurance other people drive around with.
Common Auto Insurance Rating Variables
Age — insurance companies use your age in their overall rating algorithms. Drivers who are under 25, and over 65 typically don’t get preferred rates. This is due to statistics showing that those two age demographics have the most loss frequency and are more at risk for financial loss due to an auto accident.
Credit — credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.
Car — the type of car, engine size, safety features, etc. all factor into your rate.
Driving History — your driving record and loss history play a substantial role in the price. If you have a spotty driving history, or multiple accidents, chances are you won’t get a preferred rate until those are at least 3 years old.
Household — insurance companies underwrite at the household level; this means they try to judge based on the entire household, and what the probability of loss will be. If there are multiple drivers in the house who are under the age of 25, that will impact everyone’s pricing in the household.
How to get started with your quotes
If you live in Charlotte and are looking for a car insurance comparison, Allen Tate Insurance makes the process of finding the best company and price easy.
We do all the heavy lifting for you!
To get started, call our office directly, or click over to our Quotes page to send us some basic information about your needs so we can get started on your policy review and comparison!