What Car Insurance is Cheapest for Drivers Requiring a SR22 in Durham?

The type of vehicle needing coverage is one of the main factors that determines whether or not you find low-priced insurance for drivers requiring a SR22. Vehicles with reasonable performance levels, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.

The next list features insurance premiums for a number of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Durham, NC
Vehicle Make and Model Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $3,986
Hyundai Elantra GLS Touring Station Wagon $3,993
Honda CR-V EX 4WD $4,032
Ford Escape Limited 2WD $4,042
Toyota Prius $4,290
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,462
Toyota Tacoma 4WD $4,507
Ford F-150 XL Regular Cab 4WD $4,513
Chevrolet Impala LS $4,674
Ford Explorer Limited 4WD $4,765
Ford Edge SE 2WD $4,775
Honda Odyssey EX-L $4,933
Nissan Altima 2.5 4-Dr Sedan $4,942
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Data based on single female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Information does not factor in specific location information which can influence coverage prices substantially.

Based upon the rates shown, cars like the Honda Accord, Hyundai Elantra, Honda CR-V, and Ford Escape are the less-costly vehicles to insure for high risk drivers. The price of auto insurance will be more costly because of the fact that there is more claim exposure for drivers requiring a SR22, but generally speaking those particular vehicles will probably have the lowest prices that you’ll find.

For high risk drivers, one of the big components that are looked at to help calculate the amount you pay each year for auto insurance is where you live in Durham. More populated areas are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.

The following table rates the most costly cities in North Carolina for drivers requiring a SR22 in which to buy car insurance. Durham makes the list at #4 having an annual price of $797 for the average insured, which is around $66 monthly.

How much does car insurance cost in Durham, NC?
Rank City Average Per Year
1 Jacksonville $900
2 Fayetteville $896
3 Charlotte $840
4 Durham $797
5 Wilmington $781
6 Gastonia $779
7 Greensboro $779
8 Raleigh $767
9 Indian Trail $753
10 Rocky Mount $748
11 Goldsboro $743
12 Huntersville $742
13 Cary $742
14 Greenville $738
15 Wilson $732
16 High Point $731
17 Apex $725
18 Hickory $711
19 Chapel Hill $703
20 Kannapolis $697
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Table data uses approximated as the specific Durham residence address can influence rates noticeably.

Picking the top auto insurance provider is hard considering how many companies sell coverage in Durham. The information listed below could help you select which auto insurers to look at shopping prices with.

The rankings below include the largest companies in the United States, so companies without a large exposure are not taken into consideration for the list. To get rate quotes from these and other companies in North Carolina, simply click here.

Durham, NC Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
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Data Source: Insure.com Best Car Insurance Companies

Get discount Durham auto insurance

Car insurance for high risk drivers in Durham, NCInsurance companies that sell policies for drivers requiring a SR22 may also provide premium discounts that can lower rates by as much as 30% if you meet specific criteria. Larger car insurance companies and some of the premium reductions they offer can be read below.

The information below illustrates the difference between auto insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, three traffic citations and two accidents, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, paid-in-full, marriage, passive restraint, and paperless filing discounts applied. In this example, the average savings per year on car insurance for drivers requiring a SR22 is 29% or $945.

The diagram below shows how choosing a deductible can affect insurance costs when researching cheap insurance for drivers requiring a SR22. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 50-year-old driver could cut expenses by $238 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $358 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could potentially save $588 annually just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it’s a good idea to have enough spare savings to be able to cover the extra out-of-pocket expense that comes with higher deductibles.

How to find low-cost car insurance for drivers requiring a SR22

It’s not impossible to find cheaper rates, and here are many money-saving suggestions that can help North Carolina drivers get cheap coverage.

That last tip is highly valuable, as was pointed out in the article above. Prices charged by auto insurers in Durham can change significantly in a year, so don’t be tentative to switch companies if you find a better deal.

Brand loyalty is great, but it’s not a good idea if that inflexibility results in costing you big bucks every year. If you have a few minutes, now is a great time to compare rates and find cheaper auto insurance for drivers requiring a SR22.

The agencies below can most likely help you determine which insurance coverage will be best for you, since many people would rather have a little guidance when trying to find lower insurance rates for high risk drivers. It can be difficult to find coverage yourself, and getting professional guidance from a licensed agent can give comfort knowing your policy gives you sufficient protection if you have a claim. To find an auto insurance agency by location nearest to you, click the link at the bottom.

Superior Insurance of Durham
3825 S Roxboro St #118Durham, NC 27713(919) 224-8034

Herring and Bickers Insurance
2344 Operations Dr Suite 101Durham, NC 27705(919) 479-9900

Insurance Pros: Paradis James
3200 Croasdaile Dr # 603Durham, NC 27705(919) 294-6613

Zonya Autmon – State Farm Insurance Agent
2402 S Miami Blvd #103Durham, NC 27703(919) 993-3555

Find a Durham, NC insurance agent near you