You'll never run out of things to do in the "Paris of the South". From mountain biking Bent Creek to knocking back a chocolate stout at Lexington Ave. Brewery, this little city in the Blue Ridge Mountains is big on leisure time. But with these diversions comes a price tag. Median home prices are about 30% higher than the rest of North Carolina while Asheville's median income rate is $6,000 lower than the state's average. Asheville's cost of living is higher than Charlotte's. That's why it's to save everywhere you can, especially when shopping for Asheville insurance quotes. Let's look at some scenarios.
Are You Paying Too Much?
You're a 27-year-old holding on to that 2000 Honda Accord with 160K miles because the thought of having a car payment gives you stomach pains. But you think you're paying too much for your current insurance. And maybe you are for several reasons. First, your insurer may have a higher risk pool of drivers in the state so their rates may be higher. Or you may just have more coverage than you need. Why carry collision and comprehensive when your car is worth maybe $3,500?
North Carolina states you only need the following minimum coverage:
- $30,000 Bodily Injury for each person.
- $60,000 Bodily Injury for all persons in an accident.
- $25,000 for Property Damage
If you carried this minimum your premium would be around $335. Add comprehensive and collision, plus underinsured motorist and your premium jumps to $785! Now maybe you want that extra protection, but you should at least compare rates from other insurers. And ask about discounts like anti-lock brakes, airbags, automatic seatbelts, anti-theft systems, good driver record, and others.
Asheville Insurance Q & A
Home insurance is similar to auto coverage in that you can be over insured or you could simply be paying too much. Some things to consider when shopping for Asheville insurance quotes for your home:
Do you know the value of your home (excluding property)? What would it cost to replace in today's market which may be different than when you purchased it. You should carry at least 80% of the full replacement cost --repair or replace with no depreciation factor.
Does your home have dead-bolt locks, fire extinguishers, smoke detectors, and /or a fire and burglar alarm system? These features qualify for discounts.
Do you own special collectibles, expensive bikes, or other unique items that may require an additional floater policy?
If you have kids, do their friends play at your home? If so, you should consider a Coverage F which makes medical payments to persons injured on your property.
Saving on Asheville Insurance Quotes
Now that you've seen ways your premiums can be affected, you should think about shopping for your Asheville insurance quotes with NetQuote. NetQuote will sift the web looking for the right policy at the right price. It will pay to comparison shop. Plus, it's free and easy.