The type of vehicle you are insuring is one of the largest factors when consumers are trying to find the lowest-priced auto insurance for veterans. Vehicles with lots of horsepower, poor passenger safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models.
The table below shows auto insurance costs for a handful of the most budget-friendly automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Explorer XLT 4WD||$1,119|
|Ford Escape XLT 2WD||$1,126|
|Honda CR-V LX 2WD||$1,135|
|Dodge Grand Caravan Hero||$1,184|
|Toyota RAV4 Sport 2WD||$1,190|
|Honda Accord EX-L 4-Dr Sedan||$1,186|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,218|
|Toyota Tacoma 4WD||$1,222|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,247|
|Hyundai Sonata GLS 4-Dr Sedan||$1,265|
|Volkswagen Jetta SE 4-Dr Sedan||$1,270|
|Chevrolet Silverado LS Crew Cab 4WD||$1,276|
|Jeep Grand Cherokee Limited 4WD||$1,270|
|Honda Civic DX 4-Dr Sedan||$1,301|
|Ford Focus SES 2-Dr Coupe||$1,328|
|Chevrolet Malibu Hybrid||$1,330|
|Toyota Camry Hybrid||$1,351|
|Ford F-150 FX4 Super Cab 4WD||$1,362|
|Chevrolet Impala LTZ||$1,364|
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in garaging location in Raleigh, NC which can alter price quotes significantly.
Looking at the rates, you can expect cars like the Ford Explorer, Ford Escape, and Honda CR-V are some of the most economical vehicles to insure for veterans.
For veterans, one of the big factors that help determine the cost of insurance is where you normally keep your vehicle in Raleigh. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas areas with less crime or weather claims benefit from lower rates.
The information below lists the most costly cities in North Carolina for veterans to purchase car insurance in. Raleigh ranks #7 costing $767 for the average insured, which is about $64 per month.
|Rank||City||Premium Per Year|
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Price information shown is approximated as specific Raleigh garaging address can impact coverage prices considerably.
Shopping around for cheap auto insurance is confusing at best, and finding out which insurers offer the lowest-priced auto insurance rates for veterans may require even more rate comparisons. Each auto insurance company has a unique approach to set premium rates, so we’ll go over the auto insurance companies with the overall cheapest rates in North Carolina.
We do need to point out that Raleigh, NC auto insurance rates are impacted by many factors that control the policy premium. That is why it is so important to take the time to shop around to find the lowest car insurance quotes for veterans. Rates are influenced by many different factors and change substantially, so the most economical option six months ago may now be an over-priced policy.
Best Auto Insurance Prices for Vets
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$730|
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Utica National may have some of the best car insurance rates in Raleigh at around $655 each year. This is $217 less than the average price paid by North Carolina drivers of $872. Progressive, Liberty Mutual, GEICO, and NC Farm Bureau are also some of the more affordable Raleigh, NC car insurance companies.
As the example above demonstrates, if you currently have a policy with Progressive and switched to Utica National, you may see annual savings of in the vicinity of $3. Drivers with Liberty Mutual might save as much as $52 a year, and GEICO policyholders might realize rate reductions of up to $65 a year.
Understand that those policy rates are averaged across all drivers and vehicles and do not factor in an exact zip code location for veterans. So the auto insurance company that fits your age and vehicle best may not even be in the top 20 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Get discount Raleigh auto insurance rates
Auto insurance companies that sell policies for veterans may have special discounts that could potentially reduce rates by 25% or more if you qualify for them. A list of auto insurance companies and some of their more popular discounts include:
- State Farm may offer discounts for anti-theft, good driver, student away at school, good student, and multiple policy.
- GEICO may include discounts for emergency military deployment, anti-lock brakes, five-year accident-free, good student, military active duty, and daytime running lights.
- SAFECO offers discounts including bundle discounts, accident prevention training, teen safety rewards, homeowner, and anti-lock brakes.
- Farmers Insurance has savings for business and professional, distant student, electronic funds transfer, switch companies, teen driver, and homeowner.
- AAA discounts include multi-policy, multi-car, pay-in-full, AAA membership discount, education and occupation, and good student.
- USAA offers discounts for loyalty savings, military installation, new vehicle, good student, and driver training.
The diagram below visualizes the comparison of insurance premiums with and without discounts applied to the rates. The costs are based on a female driver, no claims or violations, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, multiple vehicle, claim-free, anti-theft, defensive driving course, and passive restraint discounts applied. When discounts are applied, the average amount saved each year on auto insurance for veterans is 28% or $377.
The example below demonstrates how deductible levels can increase or decrease yearly insurance costs when getting quotes for cheap insurance for veterans. The costs are based on a married female driver, full physical damage coverage, and no other discounts are factored in.
A 40-year-old driver could save $170 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $258 by using a $1,000 deductible. Young drivers, like the Age 20 chart data, can save up to $422 every year just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find budget-friendly insurance for veterans
Lowering your rates is not difficult, and here are some of the recommended thrifty suggestions that can help you get more affordable coverage.
- Bundle home and auto and earn a discount
- Improve your credit
- Safer vehicles cost less to insure
- Having at-fault accidents will increase rates
- Do not pay for comprehensive and collision coverage on older vehicles
- Shop around and save
The last suggestion is extremely significant, as we pointed out in this piece. Rates adjust frequently, so you should be ready to switch to a new company if you can find a cheaper rate. Having a favorite company is fine, but it isn’t a good idea if that loyalty ends up costing money that could be used for better things. If you have a few minutes, compare rates to find cheaper car insurance for veterans in Raleigh.