Finding good, affordable car insurance is challenging, and determining which company offers the most affordable auto insurance rates for uninsured drivers will require even more perseverance. Each insurance company uses a little different formula to set their prices, so we’ll take a look at the most affordable auto insurance companies in North Carolina.
It’s a good idea to be aware that Durham auto insurance rates are impacted by many things that may substantially change the cost of having a policy. Events like a birthday, having a teen driver, or getting a ticket for careless driving may generate price changes that can make some companies more affordable than others.
Best Insurance Companies in North Carolina
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$737|
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Progressive may have some of the cheapest car insurance rates in Durham at around $639 per year. This is $233 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Titan, and NC Farm Bureau also are some of the most economical Durham, NC car insurance companies.
In the above rates, if you currently have a policy with Titan and switched to Utica National, you might see a yearly savings of about $74. Drivers with NC Farm Bureau could save as much as $82 a year, and GEICO policyholders might reduce prices by as much as $87 a year.
Understand that those policy rates are averaged for all ages of drivers and types of vehicles and do not take into consideration a specific zip code for uninsured drivers. So the company that can offer you the best price may not even be in the top 20 companies shown above. That point stresses why you need to get rate quotes from many companies using your own driver and vehicle profiles.
One of the many considerations that are used to help calculate insurance cost is where your car is garaged in Durham. More populated areas are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The following table ranks the highest-priced places in North Carolina for uninsured drivers to buy car insurance in. Durham is listed at #4 with a yearly premium of $789 on average, which is about $66 each month.
|Rank||City||Average Per Year|
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Rate information is comparative as specific Durham garaging address can influence coverage rates greatly.
The type of vehicle on the policy is one of the primary factors when comparing cheap auto insurance for uninsured drivers. Vehicles with higher performance, a lack of modern safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models.
The list below illustrates coverage premiums for a selection of the most economical vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,106|
|Honda Accord EX 4-Dr Sedan||$1,271|
|Ford Edge SEL AWD||$1,286|
|Toyota RAV4 4WD||$1,312|
|Jeep Wrangler Sport 4WD 2-Dr||$1,319|
|Dodge Grand Caravan Crew||$1,338|
|Honda CR-V EX 2WD||$1,360|
|Hyundai Elantra GLS Touring Station Wagon||$1,366|
|Kia Optima LX||$1,405|
|Chevrolet Malibu LTZ||$1,408|
|Ford F-350 XL Crew Cab Turbo Diesel 2WD||$1,458|
|Ford Focus SE 2-Dr Coupe||$1,475|
|Dodge Ram 2500 Crew Cab ST 4WD||$1,525|
|Toyota Tacoma Double Cab 4WD||$1,532|
|Ford F-150 Lariat Crew Cab 2WD||$1,537|
|Chevrolet Impala LS||$1,577|
|Honda Odyssey EX-L W/Rear Entertainment||$1,584|
|GMC Sierra SL Extended Cab 2WD||$1,611|
|Toyota Corolla XRS||$1,620|
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in vehicle location which can raise or lower prices substantially.
By looking at the data, cars like the Ford Escape, Honda Accord, Ford Edge, and Toyota RAV4 are the most budget-friendly vehicles to insure for drivers with no prior coverage.
The chart below illustrates how choosing a deductible can influence annual premium costs when researching cheap insurance for uninsured drivers. The rate quotes are based on a married female driver, full coverage, and no discounts are applied to the premium.
The chart above illustrates that a 30-year-old driver could save $196 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $298 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could drop their prices as much as $422 annually just by choosing higher deductibles. If you do raise deductibles, it will be important to have spare funds to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Tickets and at-fault accidents raise rates
In a perfect world, the ideal way to score low auto insurance premiums in North Carolina for drivers with no prior coverage is to be a safe driver and avoid getting tickets or having accidents. The example below highlights how speeding tickets and at-fault collisions can influence car insurance costs for different categories of driver ages. The premium estimates are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of a car insurance policy in Durham per year with no violations or accidents is $1,292. Receive two speeding tickets and the average cost jumps to $1,708, an increase of $416 each year. Now add two accidents along with the two speeding tickets and the yearly cost of auto insurance for uninsured drivers jumps again to an average of $3,260. That’s an increase of $1,967, or $164 per month, just for not driving carefully!
How to find budget-friendly car insurance for uninsured drivers
It is possible to find better rates, and here are some penny-pinching suggestions that can help drivers quote lower-cost auto insurance.
- Do not pay for full coverage if not needed
- Prevent rate increases by staying accident-free
- Drive safe vehicles
- Buying your home and auto policies from the same company can earn a discount
- Good credit scores may make rates cheaper
- Keep rates low by shopping around frequently
That last tip is extraordinarily necessary, as we noted in the article above. Insurance rates fluctuate constantly, so don’t be hesitant to switch companies if a better deal can be had. Sticking with a specific company is fine, but is isn’t recommended if that devotion results in you overpaying a small fortune. It only take a few minutes to compare rates to find cheaper insurance for uninsured drivers in Durham.
If you aren’t clear which coverage you need and would like to have a professional recommendation when shopping for the best coverage for uninsured drivers, the agents listed below can help you make a decision which auto insurance policy would work best for you. To locate a Durham auto insurance agent near you, click the button link following the list.
Reliable Insurance Agency of North Carolina Inc.
3325 Durham-Chapel Hill Blvd #200 – Durham, NC 27707 – (919) 864-9048
Antonio Vela – State Farm Insurance Agent
121 Sherron Rd #106 – Durham, NC 27703 – (919) 596-2700
Zonya Autmon – State Farm Insurance Agent
2402 S Miami Blvd #103 – Durham, NC 27703 – (919) 993-3555
George Stevens Insurance Inc
1320 Hill St – Durham, NC 27707 – (919) 403-3611