Chrysler Sebring Insurance Rates in Albuquerque

Insurance for Chrysler SebringAre you tired of trying to find low-cost Chrysler Sebring insurance in Albuquerque? Trying to find cheaper insurance for a Chrysler Sebring in New Mexico can turn out to be a lot of work, but you can learn these tips to make it easier. There are more efficient ways to buy insurance and you need to know the best way to quote coverages for a Chrysler and obtain the cheapest rates from both online companies and Albuquerque agents.

We don’t have to point out that fact that insurance companies want to keep you from comparing prices. People who shop around will presumably switch insurance companies because there are good odds of finding a lower-cost company. A survey found that consumers who compared rates once a year saved as much as $3,450 over four years compared to those who don’t make a habit of comparing rates.

If finding the lowest price for auto insurance is your target objective, then learning a little about the best ways to shop for coverages can save time, money, and frustration.

If you already have coverage or just want to reduce your rates, you will benefit by learning to reduce the price you pay without having to cut coverage. Comparing quotes for more affordable auto insurance in Albuquerque is not as hard as you think. Comparison shoppers only have to learn the most time-saving way to compare rate quotes from many different companies.

Companies offering Chrysler Sebring insurance in New Mexico

The companies shown below are ready to provide price comparisons in New Mexico. If multiple companies are listed, we suggest you visit two to three different companies to find the lowest car insurance rates.

Rate information and statistics

The information shown next covers detailed analysis of policy rates for Chrysler Sebring models. Understanding more about how auto insurance premiums are calculated can help you make smart choices when purchasing an auto insurance policy.

Chrysler Sebring Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sebring Touring 4-Dr Sedan $238 $608 $364 $22 $108 $1,340 $112
Sebring Limited 4-Dr Sedan $238 $608 $364 $22 $108 $1,340 $112
Sebring LX 2-Dr Convertible $270 $608 $364 $22 $108 $1,372 $114
Sebring Touring 2-Dr Convertible $270 $608 $364 $22 $108 $1,372 $114
Sebring Limited 2-Dr Convertible $300 $700 $364 $22 $108 $1,494 $125
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific location which can lower or raise insurance rates noticeably.

Rate comparison for different deductibles

One of the most common auto insurance questions is how low should you set your deductibles. The tables below can help illustrate the difference in cost when you choose different coverage deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Chrysler Sebring insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sebring Touring 4-Dr Sedan $278 $590 $322 $20 $96 $1,331 $111
Sebring Limited 4-Dr Sedan $278 $590 $322 $20 $96 $1,331 $111
Sebring LX 2-Dr Convertible $312 $590 $322 $20 $96 $1,365 $114
Sebring Touring 2-Dr Convertible $312 $590 $322 $20 $96 $1,365 $114
Sebring Limited 2-Dr Convertible $348 $680 $322 $20 $96 $1,491 $124
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Chrysler Sebring insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sebring Touring 4-Dr Sedan $202 $398 $322 $20 $96 $1,038 $87
Sebring Limited 4-Dr Sedan $202 $398 $322 $20 $96 $1,038 $87
Sebring LX 2-Dr Convertible $228 $398 $322 $20 $96 $1,064 $89
Sebring Touring 2-Dr Convertible $228 $398 $322 $20 $96 $1,064 $89
Sebring Limited 2-Dr Convertible $254 $458 $322 $20 $96 $1,150 $96
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in specific location information which can affect prices significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you about $25 more each month or $300 for a full year averaged for all Sebring models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go more than 16 months between claims, you would save money if you decide on a higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $115
Average monthly premium for $500 deductibles (subtract): – $90
Monthly savings from raising deductible: $25
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One thing to note is that raising deductibles to save money means you will have to pay more of your own money at claim time. You need to have some extra savings in order to pay the deductible to have repairs made.

The example below illustrates how choosing a deductible and can influence Chrysler Sebring annual premium costs for different age groups of insureds. The rate quotes are based on a single female driver, full coverage, and no discounts are taken into consideration.

Full coverage or liability only

The chart below shows the comparison of Chrysler Sebring insurance costs when comparing full coverage to state minimum liability only. The prices are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.

When to drop comp and collision

There is no set rule for excluding physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your Chrysler Sebring settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after the deductible is paid. If you are paying more than $800 annually for full coverage, then you might want to consider buying only liability coverage.

There are a few cases where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Learn How to Lower Your Insurance Costs

Many factors are part of the equation when premium rates are determined. Most are fairly basic like an MVR report, although some other factors are less obvious like where you live or your vehicle rating. Consumers need to have an understanding of the different types of things that aid in calculating the level of your policy premiums. If you have a feel for what determines premiums, this allows you to make good choices that could result in big savings.

Shown below are some of the most common factors used by your company to calculate your rate level.

Higher premiums for coverage lapses – Driving your car without having proper coverage is not a good idea and companies may charge more for letting your insurance coverage expire. In addition to paying higher premiums, being ticketed for driving with no insurance might get you fines or a revoked license. You may need to submit proof of financial responsibility or a SR-22 with the New Mexico motor vehicle department to get your license reinstated.

Don’t get traffic citations – Good drivers have lower premiums compared to drivers with tickets. Getting just one speeding ticket could increase your next policy renewal by as much as twenty percent. Drivers unfortunate enough to have serious violations such as hit and run, DWI or reckless driving convictions might be required by their state to complete a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.

The information below demonstrates how speeding tickets and accidents influence Chrysler Sebring insurance rates for different age groups. The costs are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Liability coverage preserves assets – The liability coverage on your policy provides coverage if you are found liable for causing personal injury or damage in an accident. Liability insurance provides legal defense which can cost thousands of dollars. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.

Car plus home equals more savings – Most auto insurance companies provide better rates to insureds that buy multiple policies. It’s known as a multi-policy discount. This can amount to as much as ten percent or more Even with this discount applied, it’s in your best interest to compare Chrysler Sebring rates in Albuquerque to confirm you are receiving the best rates possible.

Youthful driver insurance rates – Drivers with little experience are statistically shown to be less responsible when driving with friends therefore auto insurance rates are much higher. Adding a teenage driver to your auto insurance policy will cause a huge premium hike. Older, more experienced drivers are shown to be more cautious, statistically cause fewer accidents, and are generally more financially stable.

The chart below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Lower miles driven equals lower premium – Driving a lot of miles annually the higher your rates will be. A lot of insurance companies calculate rates based upon how the vehicle is primarily used. Cars and trucks left parked in the garage get more affordable rates than vehicles that are driven to work every day. Improper usage on your Sebring is throwing money out the window. It’s always a good idea to double check that your auto insurance policy reflects the right rating data, because it can save money.

Affordable Chrysler Sebring insurance quotes in Albuquerque

Auto insurance is not an enjoyable expense, but you may be missing some discounts that many consumers don’t even know exist. A few discounts will automatically apply when you get a quote, but lesser-known reductions have to be specifically requested before being credited.Discount auto insurance

One thing to note about discounts is that most credits do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. Despite the appearance that all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

The chart below visualizes the comparison of Chrysler Sebring annual premium costs with and without some available policy discounts. The premiums assume a male driver, no accidents or driving violations, New Mexico state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, marriage, claim-free, and homeowner discounts applied.

A few of the larger companies and a partial list of their discounts are detailed below.

Before buying, ask all companies you are considering the best way to save money. Some of the discounts discussed earlier may not be offered in Albuquerque.

Get rate quotes but still have a local Albuquerque insurance agency

Certain consumers prefer to have an agent’s advice. Good agents can answer important questions and will help you if you have claims. An additional benefit of getting online price quotes is that you can obtain cheap auto insurance quotes and also buy local.

By using this simple form, the coverage information is sent to participating agents in Albuquerque that can provide free Albuquerque auto insurance quotes for your auto insurance coverage. You won’t need to search for an agent since price quotes are sent to you instantly. If you want to compare rates for a specific company, you can always jump over to their website to submit a rate quote request.

Finding a good insurer should include more criteria than just a cheap quote. Any agent in Albuquerque should have no problem answering these questions:

Compare rates from both independent and exclusive auto insurance agents

When looking for a reliable agent, you need to know there are two different agency structures and how they differ in how they quote coverages. Auto insurance agents can be described as either independent (non-exclusive) or exclusive. Either one can insure your vehicles properly, but it is a good idea to know the difference in how they write coverage since it can affect buying decisions.

Exclusive Auto Insurance Agents

These agents can only provide pricing for a single company like State Farm, Allstate, and Farm Bureau. Exclusive agents cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are usually well trained on what they offer which helps them compete with independent agents. Drivers often buy from the same agent for years mostly because of loyalty to the company rather than low rates.

Below are Albuquerque exclusive agencies that are able to give rate quotes.

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Independent Auto Insurance Agents

These type of agents are not locked into one company and that enables them to quote your coverage with multiple insurance companies and get the cheapest rates. If premiums increase, they simply move your policy to a different company which is easy for the insured. When comparing auto insurance rates, it’s recommended you compare quotes from independent agents so that you can do a thorough price comparison. Many write coverage with smaller mutual companies which can be an advantage.

The following is a short list of independent agencies in Albuquerque willing to provide price quote information.

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How to find a good Albuquerque car insurance company

Insuring your vehicle with the highest-rated car insurance company can be rather challenging considering how many companies are available to choose from in Albuquerque. The rank data shown next may help you pick which providers you want to consider when shopping your coverage around.

Albuquerque, New Mexico Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Best Car Insurance Companies

You may need specialized auto insurance coverage

When quoting and comparing the right insurance coverage for your vehicles, there really is no best way to insure your cars. You are unique so your insurance needs to address that.Drive safe and save
These are some specific questions can aid in determining whether your personal situation will benefit from professional help.

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.

In Summary

We covered a lot of ways to lower your Chrysler Sebring insurance prices in Albuquerque. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with the least-expected company. Regional companies often have lower rates on specific markets as compared to the big name companies such as State Farm and Allstate.

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where drivers have reduced physical damage coverage and learned later that the savings was not a smart move. The goal is to buy enough coverage at the best price, but do not sacrifice coverage to save money.

How to save money on Chrysler Sebring insurance in Albuquerque

The recommended way to find low-cost prices for auto insurance rates is to compare quotes annually from insurance carriers who can sell car insurance in Albuquerque.

  1. Take a few minutes and learn about auto insurance and the changes you can make to prevent high rates. Many factors that cause rate increases like speeding tickets, careless driving and a substandard credit score can be amended by making lifestyle changes or driving safer.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can quote rates for a wide range of companies.
  3. Compare the new rates to your current policy to see if a cheaper price is available in Albuquerque. If you find better rates and switch companies, ensure there is no coverage lapse between policies.
  4. Provide adequate notice to your current company to cancel the current policy and submit a down payment and signed policy application to your new agent or company. As soon as you can, store the certificate verifying proof of insurance with your registration paperwork.

A good tip to remember is to make sure you’re comparing the same coverage limits and deductibles on every quote and and to get price estimates from as many auto insurance providers as possible. Doing this ensures an accurate price comparison and a complete price analysis.

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