The words “economical” and “insurance” really should not be used together, in particular when you are looking for the best price on coverage with multiple speeding tickets. To save some money, let’s get started by showing you a few of the things the can have a considerable influence on car insurance premiums, and see if we can help you lower the cost of the next policy you buy.
The car, truck, or SUV requiring insurance is one of the primary factors that determines if you can find economical insurance with multiple speeding tickets. Vehicles with higher performance characteristics, poor safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models.
The information below estimates auto insurance prices for a selection of the most budget-friendly automobiles to insure in North Carolina.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,569|
|Honda Accord LX 4-Dr Sedan||$1,673|
|Ford Escape XLT 2WD||$1,713|
|Ford F-150 XL Regular Cab 2WD||$1,722|
|Ford Focus S 4-Dr Sedan||$1,824|
|Hyundai Elantra SE Touring Station Wagon||$1,857|
|Chevrolet Equinox LT AWD||$1,860|
|Chevrolet Silverado LS Regular Cab 4WD||$1,881|
|Ford Explorer XLT AWD||$1,923|
|Ford Edge SE AWD||$1,947|
|Chevrolet Impala LS||$1,956|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,964|
|Toyota Tacoma 2WD||$1,983|
|Toyota RAV4 Limited 2WD||$1,985|
|Chevrolet Malibu LTZ||$1,997|
|GMC Sierra SLE Crew Cab 2WD||$2,002|
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Cost estimates assume single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, and claim-free. Table data does not factor in your specific Durham, NC location which can increase or decrease coverage rates considerably.
Based upon the table data, we can infer that models like the Honda CR-V, Honda Accord, Ford Escape, Ford F-150, and Ford Focus are most likely to be some of the most budget-friendly vehicles to insure after a few driving violations.
After a few driving violations, one of the largest considerations that are looked at to help calculate the cost of insurance is your zip code. Regions with more people or even just more weather-related claims tend to have higher auto insurance costs, whereas areas with less congestion tend to receive cheaper rates.
The information below shows the most costly cities in North Carolina with multiple speeding tickets to purchase auto insurance in. Durham ranks #4 with an annual cost of $797 for the average insured, which is about $66 per month.
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Rate information is approximated as the specific geographic location can increase or decrease insurance rates substantially.
Locating budget insurance is tough enough, and deciding which company quotes the cheapest car insurance rates with multiple speeding tickets will take even more work. Every auto insurer has a different process for filing rates in each state, so we’ll go over the most competitive car insurance companies in Durham.
It’s important that readers know that Durham car insurance rates are impacted by many factors which can substantially change the price you pay. Simply having a birthday, buying a different vehicle, or having a fender bender may generate price changes resulting in some companies being much cheaper than others.
Best Insurance Companies with License Points
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$716|
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Utica National generally has some of the most affordable car insurance rates in Durham at around $655 a year. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also rank well as some of the best Durham, NC insurance companies.
As illustrated above, if you have coverage with Progressive and switched to Utica National, you may realize yearly savings of approximately $3. Policyholders with Liberty Mutual may save as much as $52 a year, and NC Farm Bureau insureds might cut rates by $61 a year.
To find the cheapest rates for your vehicle, click here to get a free quote or visit any of the companies below.
It’s important to note that these policy prices are averaged for all drivers and vehicles in North Carolina and are not factoring in an exact zip code location with multiple speeding tickets. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies in the list above. That illustrates why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The information below illustrates how your deductible choice can impact insurance costs when trying to find cheap insurance with multiple speeding tickets. The premium estimates are based on a married female driver, comp and collision included, and no other discounts are factored in.
The data above shows that a 30-year-old driver could reduce rates by $236 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $356 by changing to a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices as much as $504 annually just by choosing higher deductibles.
If you do decide to increase your deductibles, it will now be necessary to have enough funds in savings to pay the extra out-of-pocket expense that comes with higher deductibles.
Bad driving habits will cost you more
The common sense way to find low car insurance rates in Durham after a few driving violations is to be a good driver and avoid accidents and traffic violations. The diagram below illustrates how speeding tickets and fender-benders can increase insurance costs for each different age category. The rate quotes are based on a single female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of auto insurance in Durham per year with no accidents or violations is $1,228. Add in one speeding ticket and the average cost rises to $1,392, an increase of $164 each year. Next add one accident along with the one speeding ticket and the 12-month cost of car insurance with multiple speeding tickets jumps again to an average of $1,846. That’s an increase of $618, or $52 per month, just for not maintaining a clean driving record!
Why are you paying too much for car insurance?
Durham car insurance rates are determined by lots of factors that control the policy premium. Improving your credit score, having a teen driver, or having a fender bender may generate price changes that can cause some rates to be much cheaper than others.
In addition to those changes, insurers modify rates without warning to adjust for heavy claims or excess profits. An unexpected high level of claims may result in more expensive prices, while better underwriting can cause more affordable Durham car insurance rates.
The graph below shows which company has the cheapest car insurance in Durham, NC for a 30-year-old female driver with no prior claims, no tickets, and a high credit rating. When quoting prices based on her current risk factors, Progressive has the best car insurance rates in Durham at $771 per year. This is $101 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Liberty Mutual, and Penn National also make the list of the cheapest Durham, NC auto insurance companies.
Now we will pretend the driver in the first example an accident claim, slightly worse credit, and a speeding ticket. Due to the fact that every auto insurer has their own guidelines for setting rates, analyzing rates may now result in a different set of companies as shown below.
Titan now has the cheapest price in Durham with State Farm, Auto-Owners, Utica National, and National General also being competitive. This example demonstrates why it is critical to take the time to shop around when trying to find the most affordable auto insurance rates with multiple speeding tickets.
Prices are influenced by many factors and change substantially, so the cheapest option when you last compared rates may now not even be in the top five.
How to find economical car insurance with multiple speeding tickets
It is possible to find better rates, and here are some of the better thrifty suggestions that can help Durham drivers quote more affordable coverage.
- Drive safe vehicles
- Accidents can significantly increase rates
- You will pay more if you get tickets or have at-fault accidents
- Increase your credit rating
- Try to not file small claims
- Compare rates once a year for cheaper prices
That last idea is very necessary, as was discussed in this write-up. Prices charged by car insurance companies in Durham can change considerably in a year, so don’t be unwilling to switch carriers if a lower price can be found.
Having brand loyalty is commendable, but it’s not recommended if that faithfulness ends up costing you hundreds of dollars year after year. If you have a few minutes, now is a great time to compare rates to find cheaper insurance with multiple speeding tickets.
If you have questions and prefer to get some guidance when shopping for cheaper insurance with multiple speeding tickets, the professional agents shown below are willing to provide answers to your questions and help you determine which coverages and limits you need.
To locate a Durham car insurance agency close to you, click the button link following the list or click here to compare price quotes.
Around The Corner Insurance Agency, Inc.
1431 Broad St – Durham, NC 27705 – (919) 286-9500
Herring and Bickers Insurance
2344 Operations Dr Suite 101 – Durham, NC 27705 – (919) 479-9900
Antonio Vela – State Farm Insurance Agent
121 Sherron Rd #106 – Durham, NC 27703 – (919) 596-2700