How Much is Durham Car Insurance for Young Drivers?

I’m sure you’ve seen the catchy commercials from car insurance companies like State Farm and Nationwide that guarantee huge savings, so you should just pick the one with the best commercial, right?

It’s just not that simple, as there are a whole slew of unknown aspects such as the area where you live, whether you are female or male, whether or not you own a home, and what liability limits you need. We will try to teach you about these types of topics and will give you a good start in finding the cheapest car insurance in Durham.

The vehicle on the policy is probably the largest consideration in finding the best cheap car insurance for young drivers. Vehicles with limited top-end speed, modern passenger safety features, or a track record of few liability claims will cost quite a bit less to insure than adrenaline junky models. The information below features auto insurance costs for some of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Durham, NC
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $4,034
Honda CR-V EX-L 4WD $4,071
Toyota Prius $4,352
Toyota Tacoma 4WD $4,542
Ford Explorer XLT AWD $4,552
Ford Edge SEL 2WD $4,750
Toyota RAV4 2WD $4,787
Jeep Grand Cherokee Laredo 4WD $4,797
Volkswagen Jetta LE 4-Dr Sedan $4,787
Toyota Camry LE $4,795
Dodge Grand Caravan Crew $4,823
Ford F-150 Lariat Crew Cab 2WD $4,830
Chevrolet Malibu LT $4,823
Compare Cheap Rates Go

Table data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can lower or raise premium rates substantially.

Based upon the rates shown, cars like the Ford Escape, Honda CR-V, Toyota Prius, and Toyota Tacoma are most likely to be a few of the cheaper vehicles to insure for youthful drivers. Car insurance rates will trend higher because of the fact that there is more claim exposure for young drivers, but in general those makes and models will have the lowest insurance rates compared to all other vehicles.

Buying low-priced auto insurance is not the easiest thing to do, and figuring out which company quotes the cheapest car insurance rates for young drivers will involve even more diligence. Each insurer uses different criteria for determining prices, so let’s rank the car insurance companies that tend to be cheaper in Durham, NC.

Lowest Insurance Price Quotes for Teens

Get a Free Quote and Save

Cheapest North Carolina car insurance ranked by price
Rank Company Cost Per Year
1 Utica National $636
2 Progressive $658
3 Liberty Mutual $700
4 NC Farm Bureau $737
5 Penn National $739
6 GEICO $750
7 Titan $751
8 State Farm $779
9 Auto-Owners $870
10 National General $881
11 Erie $895
12 Travelers $900
13 Allied $901
14 Peerless $972
15 Encompass $1,031
16 Safeco $1,034
17 Nationwide $1,041
18 Unitrin $1,042
19 MetLife $1,049
20 Allstate $1,064
Quote Your Rates Go

Utica National has some of the cheapest car insurance rates in Durham at around $636 annually. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also rank well as some of the cheapest Durham, NC auto insurance companies.

In the above rates, if you currently buy coverage from Liberty Mutual and switched to Utica National, you could see annual savings of around $64. North Carolina drivers with NC Farm Bureau might save as much as $101 a year, and Penn National customers might lower prices by $103 a year.

To find cheaper insurance rates for your vehicle, click here or visit any of the low-priced companies below.

Be aware that those premiums are averaged for all drivers and vehicles in North Carolina and do not take into consideration a specific location for young drivers. So the auto insurance company that is best for you may not even be in the top 20 companies in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

For youthful drivers, one of the big criteria that determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Durham. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas less populated areas tend to receive cheaper rates.

The table below sorts the most expensive cities in North Carolina for young drivers to buy auto insurance in. Durham is ranked #4 with a yearly premium of $789 on average, which is approximately $66 monthly.

How much does car insurance cost in Durham, NC?
Rank City Premium Per Year
1 Fayetteville $905
2 Jacksonville $891
3 Charlotte $808
4 Durham $789
5 Gastonia $787
6 Greensboro $786
7 Wilmington $781
8 Goldsboro $765
9 Cary $749
10 High Point $745
11 Raleigh $744
12 Rocky Mount $740
13 Huntersville $734
14 Wilson $732
15 Indian Trail $731
16 Greenville $730
17 Apex $717
18 Winston Salem $716
19 Hickory $711
20 Burlington $699
Find Cheaper Insurance Go

Information shown are estimated as the specific area where the vehicle is garaged can revise prices greatly.

The chart below illustrates how your choice of deductibles can affect yearly insurance costs when searching for cheap insurance for young drivers. The premiums are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

A 50-year-old driver could cut expenses by $230 a year by switching from a $100 deductible up to a $500 deductible, or save $344 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could possibly save up to $568 or more just by choosing higher deductibles.

When using a larger deductible, it’s a good idea to have emergency funds available to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Finding the best company is difficult considering how many choices you have in North Carolina. The rank data listed below can help you select which providers you want to consider when comparing rate quotes. These ratings include companies that insure vehicles across America, so companies without a large exposure are not included in this list.

Best 15 Car Insurance Companies for Young Drivers in Durham
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Compare Rates Now Go

Data Source: Best Car Insurance Companies

Discounts on Durham car insurance rates

Car insurance for youthful drivers in Durham, NCInsurance providers that offer coverage for young drivers may also provide special discounts that may potentially lower prices by 35% or more if you meet specific criteria. A list of companies and some of the premium reductions they offer can be read below.

The example below illustrates the difference between yearly insurance costs with and without policy discounts. Data assumes a female driver, no claims or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with paid-in-full, anti-theft, good student, passive restraint, continuous coverage, and vehicle safety discounts applied. When discounts are applied, the average savings per year on car insurance for young drivers is 28% or $401.

The importance of shopping around

North Carolina car insurance rates are determined by lots of factors that will increase or decrease the price of coverage. Getting older, getting divorced, or getting a DUI can trigger price changes resulting in some rates now being more affordable than before. Additionally, auto insurance companies amend premium rates without warning in order to offset underwriting gains or losses. An unexpected high level of claims may result in rate hikes, while lower claim levels may cause lower-cost Durham car insurance rates.

To help illustrate this point, the data below shows the cheapest car insurance in Durham, NC for a 45-year-old female driver with no violations or accidents, and a decent credit rating. If we estimate rates based on her personal profile, Progressive offers the best car insurance rates in Durham at $730 a year. This is $142 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National are also included in the most affordable Durham, NC auto insurance companies.

Now we will give the driver from above a claim surcharge, less-than-perfect credit, and a blemish on her driving record. Due to the fact that every insurance company uses a different method for setting rates, analyzing rates could result in a significantly different list of the cheapest car insurance companies in Durham as shown below.

Titan now has the best car insurance rate in Durham with State Farm, Auto-Owners, Erie, and Utica National now being in the top five. This example shows why it is critical to perform a complete rate comparison to find cheap insurance rates for young drivers. Insurance rates are determined by many risk factors and can decrease or increase without notice, so the best option when you last compared rates may now be priced much higher than other options.