Who Has Cheap Auto Insurance for Good Students in Durham?

Wouldn’t it be easy if we could just tell you the company that has the cheapest rate quotes for good students? It’s not that simple, unfortunately, as there are a lot of unknown aspects such as if you are a homeowner or renter, what level of deductibles you wish to have, and whether you are male or female. We will attempt to cover the types of situations that result in high rates and will hopefully give you a jump start in finding the best auto insurance in Durham.

The make and model of vehicle driven is one of the primary factors that determines whether or not you can buy the most economical car insurance for good students. Vehicles with lots of speed or power, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The information below presents coverage rates for a number of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Durham, NC
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $3,769
Honda CR-V LX 2WD $3,778
Hyundai Elantra SE Touring Station Wagon $4,044
Toyota Prius $4,083
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,198
Dodge Grand Caravan SE $4,234
Ford Explorer XLT AWD $4,241
Chevrolet Impala LS $4,436
Ford Edge SEL AWD $4,441
Toyota Tacoma Double Cab 4WD $4,473
Chevrolet Equinox LS 2WD $4,482
Toyota RAV4 Limited 4WD $4,473
Chevrolet Silverado LS Extended Cab 4WD $4,481
Jeep Grand Cherokee Laredo 4WD $4,473
Ford F-150 XLT Crew Cab 4WD $4,512
Ford Focus SES 4-Dr Sedan $4,675
Toyota Camry SE $4,712
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Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in your specific Durham, NC location which can raise or lower prices significantly.

Based on these rates, we can infer that makes and models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius will definitely be some of the most budget-friendly vehicles to insure for student drivers.

For student drivers, one of the big criteria that are used to help calculate the amount you pay each year for auto insurance is where you live in Durham. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.

The next table lists the highest-priced areas in North Carolina for good students to purchase a policy in. Durham is ranked at #5 with an annual premium of $789 for the average insured, which is approximately $66 per month.

How much does car insurance cost in Durham, NC?
Rank City Average Per Year
1 Fayetteville $932
2 Jacksonville $864
3 Charlotte $832
4 Gastonia $803
5 Durham $789
6 Wilmington $765
7 Cary $765
8 Huntersville $764
9 Goldsboro $758
10 Greensboro $756
11 Wilson $754
12 Indian Trail $753
13 Greenville $752
14 Apex $747
15 Raleigh $744
16 High Point $731
17 Rocky Mount $718
18 Hickory $718
19 Chapel Hill $717
20 Winston Salem $716
21 Salisbury $712
22 Kannapolis $697
23 Burlington $692
24 Concord $676
25 Asheville $661
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Rates are estimated as vehicle location can lower or raise rates noticeably.

Figuring out which company offers the cheapest auto insurance rates for good students will take more work in order to find coverage that fits your budget.

Every insurance company has a different formula to establish rates, so let’s take a look at the most competitive auto insurance companies in Durham, NC. It’s important that readers know that North Carolina auto insurance rates are calculated based on many things that may substantially change the policy premium. Simply turning a year older, buying a different vehicle, or having an at-fault accident can trigger price changes that can now make some companies affordable when they were higher priced.

Best Cheap Insurance Rates for Students

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Cheapest North Carolina car insurance ranked by price
Rank Company Cost Per Year
1 Utica National $643
2 Progressive $651
3 Penn National $717
4 Liberty Mutual $728
5 Titan $729
6 NC Farm Bureau $737
7 GEICO $742
8 State Farm $756
9 Auto-Owners $870
10 Allied $892
11 Erie $895
12 National General $908
13 Travelers $936
14 Peerless $962
15 Nationwide $1,011
16 Unitrin $1,012
17 Safeco $1,034
18 MetLife $1,038
19 Allstate $1,064
20 Encompass $1,073
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Utica National quotes some of the cheapest car insurance rates in Durham at around $643 each year. This is $229 less than the average price paid by North Carolina drivers of $872. Progressive, Penn National, Liberty Mutual, and Titan also rank well as some of the lowest-priced Durham, NC car insurance companies.

As shown above, if you currently have coverage with Liberty Mutual and switched to Utica National, you might realize an annual savings of around $85. Customers with Titan might save as much as $86 a year, and NC Farm Bureau policyholders might lower prices by up to $94 a year.

To get a quick, customized rate comparison, click here to get quotes or visit any of the low-priced companies below.

It’s important to note that these premium estimates are averages for all types of insureds and vehicles and do not factor in an exact location for good students. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

Discounts on Durham car insurance rates

Discounts on auto insurance for good studentsInsurance companies that offer quotes for good students may also provide policy discounts that can reduce rates by as much as 25% or more if you qualify for them. A few of the larger companies and their offered discounts can be read below.

The diagram below shows the difference between insurance rates with and without discounts applied to the policy rates. The data is based on a female driver, no claims or violations, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paperless filing, continuous coverage, vehicle safety, good student, anti-theft, and paid-in-full discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for good students is 28% or $468.

Which auto insurance company is best in North Carolina?

Insuring your vehicle with a good quality car insurance provider is hard considering how many companies there are in North Carolina. The company rank data below can help you analyze which car insurance companies you want to consider when comparing rate quotes.

These rankings are only made up of the largest companies in America, so smaller companies will not be included in this list. To check prices from many more North Carolina auto insurance companies, follow this link.

Top 10 Major Auto Insurers in Durham Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Nationwide – 89%
  5. Travelers – 88%
  6. Progressive – 88%
  7. Safeco Insurance – 88%
  8. State Farm – 88%
  9. Allstate – 88%
  10. The Hartford – 87%

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

Safe drivers pay less for auto insurance

In a perfect world, the best way to maintain affordable auto insurance prices for student drivers is to be a safe driver and not have accidents or get tickets. The chart below highlights how traffic violations and at-fault accidents can influence insurance costs for different age groups. Data assumes a married male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

In the chart above, the average cost of a car insurance policy in North Carolina per year with no accidents and a clean driving record is $1,189. Factor in one speeding ticket and the average cost swells to $1,369, an increase of $180 each year. Next add one accident along with the one speeding ticket and the annual cost of auto insurance for good students increases to an average of $1,872. That’s an increase of $683, or $57 per month, just for being a careless driver!