One of the more important considerations that help determine the amount you pay for auto insurance is where you normally keep your vehicle. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas more rural areas have the luxury of lower rates.
The table below lists the most expensive areas in North Carolina for 20 year old women in which to purchase auto insurance. Durham ranks #4 with the annual price of $789 for the average insured, which is about $66 per month.
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Annual rates are comparative as the specific geographic location can revise insurance rates substantially.
The car, truck, or SUV you are seeking coverage for is one of the biggest factors that determines the availability of the lowest-priced coverage for 20 year old women. Vehicles with reasonable performance levels, good safety features, or low incidents of liability claims will cost significantly less to insure than higher performance models.
The next list showcases car insurance prices for a selection of the most budget-friendly vehicles to insure in North Carolina.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$2,250|
|Ford Escape XLT 4WD||$2,282|
|Volkswagen Jetta 2.0T Station Wagon||$2,604|
|Ford Edge SE AWD||$2,631|
|Ford Focus S 4-Dr Sedan||$2,640|
|Toyota Tacoma 2WD||$2,631|
|Toyota Camry LE||$2,663|
|Chevrolet Silverado LS Extended Cab 4WD||$2,668|
|Chevrolet Malibu Hybrid||$2,663|
|Toyota RAV4 Sport 2WD||$2,673|
|Dodge Grand Caravan Crew||$2,698|
|Ford Explorer Eddie Bauer 4WD||$2,706|
|Hyundai Elantra Blue 4-Dr Sedan||$2,776|
|Honda Odyssey EX-L W/Navigation||$2,808|
|Chevrolet Impala LTZ||$2,817|
|Jeep Grand Cherokee Limited 2WD||$2,842|
|Chevrolet Equinox LTZ AWD||$2,850|
|Nissan Altima 3.5 SR 4-Dr Sedan||$2,842|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$2,852|
|Toyota Corolla XRS||$2,842|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$2,849|
|Nissan Rogue S 2WD||$2,872|
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Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in vehicle garaging location which can increase or decrease premiums greatly.
Based upon the table data, we can expect models like the Honda CR-V, Ford Escape, Toyota Prius, and Volkswagen Jetta will definitely be some of the most economical vehicles to insure for young women. Auto insurance rates will be more expensive because there is more claim exposure for 20 year old women, but overall those specific models will have the lowest insurance prices that you are likely to find.
The diagram below shows how different deductible levels can influence insurance rates when trying to find cheap insurance for 20 year old women. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could save $236 a year by increasing from a $100 deductible to a $500 deductible, or save $356 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could potentially save up to $602 or even more by using a higher deductible.
If you do make the decision to raise your deductibles, it is essential to have additional funds squirreled away to cover the extra out-of-pocket expense that comes with higher deductibles.
How to get discounts on Durham auto insurance
Insurers that offer coverage for 20 year old women could also offer premium discounts that can reduce rates by as much as 30% if you meet the requirements. Popular auto insurance companies and a summarized list of policyholder discounts are detailed below.
- GEICO offers premium reductions for anti-theft, five-year accident-free, seat belt use, military active duty, membership and employees, and air bags.
- MetLife discounts include accident-free, good student, multi-policy, good driver, claim-free, and defensive driver.
- Progressive has discounts for online signing, online quote discount, multi-vehicle, multi-policy, good student, and homeowner.
- Travelers offers discounts including save driver, home ownership, early quote, hybrid/electric vehicle, and multi-policy.
- SAFECO offers discounts for anti-theft, accident prevention training, teen safety rewards, drive less, anti-lock brakes, bundle discounts, and multi-car.
- AAA has savings for education and occupation, good driver, pay-in-full, good student, anti-theft, and AAA membership discount.
The illustration below compares insurance rates with and without discounts applied to the rates. The premiums are based on a female driver, no claims or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paid-in-full, paperless filing, anti-theft, passive restraint, good student, and vehicle safety discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for 20 year old women is 21% or $317.
Why you should shop around
North Carolina auto insurance rates are calculated based on many things that will increase or decrease the price of your policy. Simply getting older, moving to a new city, or getting a reckless driving citation can trigger price changes that may make certain companies affordable when they were higher priced.
Not only may your situation change, but auto insurance companies change their prices as often as every three months in order to offset underwriting gains or losses. Higher than usual claims can result in increased rates, while lower claim levels can cause lower-cost Durham car insurance rates.
The graph below compares the cheapest car insurance in Durham, NC for a 30-year-old male driver with a clean driving record, no accidents, and a good credit history. If we estimate prices based on his personal risk profile, Progressive may offer the most affordable car insurance rates in Durham at $732 per year. This is $140 less than the average premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, GEICO, and NC Farm Bureau are the remaining most affordable Durham, NC auto insurance companies.
The chart below compares rates after we give the driver from the first example an at-fault accident, slightly worse credit, and a couple of points charged on his driving record. Due to the fact that every auto insurer has a different process to set their prices, getting updated rate quotes may now result in a completely different list of the cheapest Durham car insurance companies as shown below.
State Farm now has the best insurance rate in Durham, NC with Titan, Auto-Owners, National General, and Erie also being competitive. This illustrates why it is important to spend some time comparing rates to find the lowest car insurance rates for 20 year old women. Rates can be determined by many things and change dramatically, so the cheapest company the last time you compared rates may now be quite expensive.