How Much are Car Insurance Rates for Retired Military in Durham?

The type of vehicle on the policy is one of the largest considerations when consumers are trying to find the most economical auto insurance for retired military. Vehicles with higher performance characteristics, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The next list features auto insurance costs for a selection of the cheapest automobiles to insure.

Cheapest Vehicles to Insure in Durham, NC
Insured Vehicle Estimated Cost for Full Coverage
Dodge Grand Caravan SE $1,212
Chevrolet Impala LS $1,252
Jeep Grand Cherokee Laredo 4WD $1,278
Nissan Altima 2.5 4-Dr Sedan $1,287
Toyota Camry LE $1,278
Ford Escape XLS 2WD $1,323
Hyundai Elantra GLS 4-Dr Sedan $1,344
Honda CR-V EX-L 2WD $1,354
Volkswagen Jetta 2.0T 4-Dr Sedan $1,368
GMC Sierra SLT Crew Cab 2WD $1,378
Ford Explorer XLT 4WD $1,387
Chevrolet Silverado 3500HD LT Crew Cab 2WD $1,394
Ford Focus SE 2-Dr Coupe $1,436
Toyota Camry Hybrid $1,460
Toyota RAV4 Sport 2WD $1,462
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in garaging location in Durham, NC which can affect premium rates greatly.

Looking at the data, cars like the Dodge Grand Caravan, Chevrolet Impala, and Jeep Grand Cherokee will definitely be a few of the less-costly vehicles to insure for veterans.

For veterans, one of the more important considerations that are looked at to help calculate the amount you pay for auto insurance is where you choose to live. More populated areas are more likely to have higher rates, whereas areas with less crime or weather claims get the luxury of paying less.

The information below sorts the most costly cities in North Carolina for retired military to purchase auto insurance in. Durham makes the list at #4 with an annual cost of $789 for the average insured, which is approximately $66 each month.

How much is auto insurance in Durham, NC?
Rank City Average Per Year
1 Fayetteville $932
2 Jacksonville $864
3 Charlotte $832
4 Durham $789
5 Gastonia $787
6 Greensboro $786
7 Cary $772
8 Goldsboro $765
9 Huntersville $764
10 Wilmington $758
11 High Point $753
12 Apex $747
13 Wilson $746
14 Hickory $740
15 Greenville $738
16 Raleigh $737
17 Chapel Hill $724
18 Indian Trail $723
19 Rocky Mount $718
20 Salisbury $691
21 Winston Salem $688
22 Asheville $681
23 Burlington $678
24 Concord $676
25 Kannapolis $669
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Prices are comparative as the specific zip code location can modify price quotes considerably.

Discount Durham car insurance rates

Save on car insurance for veterans in DurhamInsurance companies that offer quotes for retired military may also give you special discounts that could potentially reduce rates by as much as 35% or more if you meet eligibility requirements. Companies and the discounts they provide are shown below.

The chart below compares insurance premiums with and without discounts. The data assumes a male driver, no claims or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with homeowner, accident-free, safe-driver, marriage, claim-free, and vehicle safety discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for retired military is 28% or $494.

Ending up with a high-quality car insurance provider can be a challenge considering how many choices drivers have in Durham. The information listed below may help you select which providers to look at when insurance shopping for retired military. These ratings include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in North Carolina or surrounding areas will not be included in the list.

Top 10 Major Auto Insurers in Durham Ranked by Value

  1. Travelers
  2. American Family
  3. AAA Insurance
  4. Safeco Insurance
  5. Progressive
  6. The Hartford
  7. The General
  8. 21st Century
  9. Esurance
  10. Titan Insurance

Top 10 Major Auto Insurers Overall in Durham

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

Shop around and save

North Carolina car insurance rates are influenced by many factors that can increase your annual premium. Improving your credit score, moving across town, or getting a ticket for careless driving can trigger price changes resulting in some companies being cheaper than before. Not only may your risk profile change, but auto insurance companies change rates as often as every three months as an adjustment for underwriting gains or losses. Heavy losses may cause price increases, while lower claim levels can cause more affordable Durham car insurance rates.

For instance, the graph below shows the companies that have the cheapest car insurance in Durham, NC for a 35-year-old male driver with no accidents, a clean driving record, and a good credit rating. If we compare prices based on his current risk factors, Progressive offers the best car insurance rates in Durham at $745 per year. This is $127 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, GEICO, and Penn National are the rest of the cheapest Durham, NC auto insurance companies.

The chart below compares rates after we give the driver from the first rate comparison a chargeable claim, less-than-perfect credit, and a few traffic violations. Due to the fact that every auto insurer has a unique formula for establishing rates, comparing insurance quotes could now result in a slightly different list of companies as shown below.

State Farm now has the cheapest price in Durham, NC with Titan, Auto-Owners, Allied, and National General also being competitive. This example demonstrates why it is critical to shop around with many companies when trying to get affordable auto insurance rates for retired military. Insurance prices are influenced by many things and can change substantially, so the best price the last time you shopped around may now be quite expensive.

How to find the cheapest car insurance for retired military

It’s not impossible to find cheaper rates, and here are some of the better thrifty suggestions that can help North Carolina drivers get lower-cost auto insurance.

The last tip in the list is extremely valuable, as we hit on in this piece. Insurance rates fluctuate constantly, so don’t be afraid to switch companies if you can save money.

Many drivers prefer to stick with one company, but it isn’t a good idea if it’s costing you potentially thousands of dollars a year. If you have a few minutes, shop around to find cheaper insurance for retired military in Durham.