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.
|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|
|Start a Quote Go|
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.
|Rank||City||Average Per Year|
|Compare Prices Now Go|
Prices are comparative as the specific zip code location can modify price quotes considerably.
Discount Durham car insurance rates
Insurance 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.
- State Farm discounts include Steer Clear safe driver discount, defensive driving training, multiple policy, Drive Safe & Save, good student, and good driver.
- American Family has savings for TimeAway discount, multi-vehicle, bundled insurance, Steer into Savings, good driver, and accident-free.
- AAA offers premium reductions for AAA membership discount, good student, pay-in-full, multi-car, and education and occupation.
- GEICO may include discounts for membership and employees, military active duty, anti-lock brakes, daytime running lights, and emergency military deployment.
- Mercury Insurance has discounts for low natural disaster claims, accident-free, annual mileage, multi-car, and age of vehicle.
- Farmers Insurance offers discounts including business and professional, youthful driver, teen driver, pay in full, alternative fuel, and switch companies.
- Progressive may have discounts that include multi-policy, good student, homeowner, online signing, multi-vehicle, continuous coverage, and online quote discount.
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
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
- Titan Insurance
Top 10 Major Auto Insurers Overall in Durham
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- 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.
- Raise physical damage deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Maintain a clean driving record
- Don’t waste money on full coverage for older vehicles
- Avoid at-fault accidents and claims
- Drivers with good credit ratings often pay less
- Shop around and save
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.