One of the many factors that are looked at to determine the amount you pay for auto insurance is your address in Durham. Larger areas tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims receive better rates.
The next table ranks the most expensive cities in North Carolina for used cars in which to purchase auto insurance. Durham comes in at #4 with an annual rate of $789 on average, which is approximately $66 per month.
|Rank||City||Premium Per Year|
|Find Cheaper Rates Go|
Rates are approximated as specific Durham garaging address can impact rates considerably.
The make and model of vehicle needing coverage is a large factor when looking for the lowest-priced insurance for used cars. Vehicles with higher performance characteristics, poor crash test ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models.
The list below features car insurance premiums for a selection of the most budget-friendly automobiles to insure in North Carolina.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,029|
|Ford Escape XLS 2WD||$1,130|
|Ford Explorer Eddie Bauer 2WD||$1,153|
|Dodge Grand Caravan SE||$1,158|
|Honda CR-V LX 2WD||$1,166|
|Chevrolet Malibu LS||$1,219|
|Nissan Rogue S 2WD||$1,304|
|Toyota Corolla XRS||$1,310|
|Volkswagen Jetta SE 4-Dr Sedan||$1,316|
|Ford F-150 FX2 Super Cab 2WD||$1,310|
|Toyota RAV4 Limited 4WD||$1,333|
|GMC Sierra SL Extended Cab 2WD||$1,343|
|Compare Cheap Rates Go|
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in specific Durham, NC garaging location which can alter insurance rates substantially.
Based upon the rates shown, you can expect models like the Honda Accord, Ford Escape, Ford Explorer, and Dodge Grand Caravan are most likely to be some of the most affordable vehicles to insure for pre-owned vehicles.
Types of discounts on Durham insurance
Auto insurance companies that provide coverage for used cars may provide discounts that can lower rates by as much as 25% or more if you are eligible for them. Popular auto insurance companies and some of the discounts can be found below.
- State Farm discounts include passive restraint, accident-free, student away at school, multiple autos, and multiple policy.
- Nationwide offers discounts for business or organization, defensive driving, family plan, good student, multi-policy, and anti-theft.
- GEICO has discounts for air bags, driver training, anti-theft, anti-lock brakes, and membership and employees.
- AAA may include discounts for multi-car, anti-theft, good driver, pay-in-full, AAA membership discount, and good student.
- 21st Century may have discounts that include homeowners, early bird, teen driver, air bags, student driver, driver training, and defensive driver.
- The Hartford offers premium reductions for driver training, bundle, vehicle fuel type, good student, and air bag.
The diagram below shows the comparison of insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with marriage, anti-theft, accident-free, multiple policy, homeowner, and passive restraint discounts applied. When drivers take advantage of discounts, theamount saved on auto insurance for used cars is 28% or $494.
Choosing a high-quality company is difficult considering how many different insurance companies sell coverage in Durham. The information in the lists below could help you pick which companies to look at shopping your coverage with.
The ratings below are for large, nationwide insurance companies, so smaller companies are not taken into consideration for these rankings. To check rates from the most competitive companies in North Carolina, click here.
Top 10 Large Car Insurance Companies in Durham Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
- Titan Insurance
Top 10 Large Car Insurance Companies in Durham Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Chances are good that you’re overpaying for Durham car insurance
Durham, NC auto insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, buying another vehicle, or having a fender bender can produce rate changes that can make some companies cheaper than others.
Additionally, insurers file new North Carolina car insurance rates multiple times each year to adjust for gains or losses. An extended period of higher than normal claims may cause higher prices, while lower claims may cause cheaper Durham car insurance rates.
As an example, the bar chart below analyzes the cheapest car insurance in Durham, NC for a 40-year-old male driver with no violations or accidents, and a high credit rating. Based on his current risk profile, Progressive quotes the best car insurance rates in Durham at $723 per year. This is $149 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and Titan also make the list of the cheapest Durham, NC auto insurance companies.
The chart below compares rates after we give the driver from above a chargeable accident, slightly worse credit, and a blemish on his driving record. Since each auto insurance company uses their own calculation for setting rates, comparing insurance quotes most likely will result in a completely different list of companies as shown below.
GEICO now has the cheapest auto insurance in Durham with State Farm, Auto-Owners, Utica National, and Erie now being in the top five. This shows why it is critical to take the time to shop around when trying to get the most economical auto insurance quotes for used cars.
Insurance prices are made up of many different factors and can decrease or increase without notice, so the most economical option two years ago may now be an over-priced policy.
How to find low-cost car insurance for used cars
The list below shows many penny-pinching solutions that can help Durham drivers buy cheap car insurance.
- Increase your policy deductibles
- Just one traffic violation will increase your rates
- Accident-free drivers may qualify for discounts
- Do not pay for comprehensive and collision coverage on older vehicles
- Lower rates by purchasing a safer vehicle
- Good credit can save money
- Check for cheaper rates once a year
The last item on the list is incredibly vital, as we stressed in the article above. Coverage rates can be adjusted at any time, so drivers shouldn’t hesitate to change insurance companies if you find a better deal.
Many consumers stick with the same company and that’s fine, but it isn’t a good idea if that faithfulness ends up costing you a wad of cash every year. It takes less than five minutes to compare rates to find cheaper insurance for used cars in Durham.
The Durham auto insurance agencies shown below can most likely help you determine which auto insurance policy would work best for you, since lots of people like to get some guidance when comparing insurance rates for pre-owned vehicles. It’s not always easy to find the cheapest car insurance policy, and agents can bring satisfaction knowing your policy gives you adequate protection. To find a Durham insurance agency by location nearest to you, click the button below the list or click here to compare price quotes now.
Superior Insurance of Durham
3825 S Roxboro St #118 – Durham, NC 27713 – (919) 224-8034
Insurance People-N Carolina
1920 Front St # 750 – Durham, NC 27705 – (919) 383-0442
Insurance Pros: Paradis James
3200 Croasdaile Dr # 603 – Durham, NC 27705 – (919) 294-6613
Allstate Insurance Agent: Reginald Wright
2310 S Miami Blvd Ste 131 – Durham, NC 27703 – (919) 484-2493
Bull City Insurance
121 Sherron Rd #302 – Durham, NC 27703 – (919) 596-0671