How Much are Auto Insurance Quotes for Infrequent Drivers in Raleigh?

The vehicle model requiring insurance is probably the biggest factor when trying to find low-cost coverage for infrequent drivers. Vehicles with high performance features, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.

The next list estimates auto insurance premiums for a handful of the cheapest vehicles to insure in North Carolina.

Cheapest Vehicles to Insure in Raleigh, NC
Make, Model, and Trim Level Estimated Cost for Full Coverage
Jeep Wrangler Sahara 4WD 2-Dr $1,141
Ford Explorer XLT AWD $1,147
Ford Escape XLS 4WD $1,147
Honda CR-V EX 4WD $1,177
Toyota Tacoma 4WD $1,247
Toyota Prius $1,272
Nissan Rogue S AWD $1,288
GMC Sierra SLT Extended Cab 2WD $1,293
Chevrolet Malibu LTZ $1,303
Chevrolet Impala LS $1,293
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,299
GMC Sierra 2500HD SLE Crew Cab 4WD $1,293
Nissan Altima Hybrid 4-Dr Sedan $1,303
Toyota RAV4 2WD $1,320
Dodge Grand Caravan Hero $1,356
Jeep Grand Cherokee Laredo 4WD $1,362
Hyundai Elantra SE 4-Dr Sedan $1,393
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in Raleigh, NC location which can impact coverage prices substantially.

Based upon the rates shown, we can conclude that vehicles like the Jeep Wrangler, Ford Explorer, and Ford Escape will definitely be some of the less-costly vehicles to insure for low mileage drivers.

Finding decent, low-cost car insurance is not most people’s favorite thing to do, and finding out which company quotes the cheapest auto insurance rates for infrequent drivers will take a little more work. Each insurer uses a different method to set their prices, so let’s take a look at the auto insurance companies with the most affordable rates in Raleigh.

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Cheapest North Carolina car insurance ranked by price
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $662
3 Liberty Mutual $700
4 NC Farm Bureau $730
5 GEICO $742
6 Penn National $747
7 State Farm $749
8 Titan $751
9 Auto-Owners $852
10 National General $890
11 Allied $892
12 Erie $895
13 Travelers $909
14 Peerless $1,002
15 MetLife $1,007
16 Encompass $1,031
17 Unitrin $1,032
18 Nationwide $1,041
19 Allstate $1,064
20 Safeco $1,076
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Progressive generally has some of the best car insurance rates in Raleigh at around $632 a year. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO also qualify as some of the more affordable Raleigh, NC auto insurance companies.

As depicted above, if you are a customer of NC Farm Bureau and switched to Utica National, you might achieve a yearly savings of roughly $68. Drivers with GEICO may save as much as $80 a year, and Penn National policyholders might realize rate reductions of up to $85 a year.

Understand that those premium estimates are averages across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for infrequent drivers. So the auto insurance company that has the cheapest price for you may not even be in the top 20 companies shown above. That underscores the importance of why you need to get quotes using your own driver information and specific vehicle type.

Discounts on Raleigh auto insurance

Cheaper Raleigh, NC auto insurance for low mileage driversCar insurance companies that provide policies for infrequent drivers may additionally offer price discounts that could reduce prices by 40% or more if you meet certain criteria. Popular auto insurance companies and a partial list of their discounts are detailed below.

The illustration below illustrates the difference between insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, passive restraint, vehicle safety, homeowner, marriage, and anti-theft discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for infrequent drivers is 28% or $488.

Cost of full coverage

Saving money when shopping for auto insurance is the goal of the majority of vehicle owners, and one easy way to lower the cost of insurance for infrequent drivers is to buy liability only. The example below visualizes the comparison of insurance costs with full coverage and liability only. The information is based on no claims or driving violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

As an average for all age groups, physical damage coverage costs $1,181 per year more than carrying just liability coverage. That is a large expense and it proposes the question when is it a good idea to stop buying full coverage. There isn’t a written rule of when to phase out full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s book value is $11,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $10,000 after paying the physical damage deductible. If you are paying over $1,000 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not advised. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.

How to find cheaper insurance for infrequent drivers

Below you’ll find some of the better penny-pinching solutions that can help North Carolina drivers locate low-cost auto insurance.

The last item on the list is extraordinarily valuable, as we discussed in this write-up. Prices charged by car insurance companies can change significantly in a year, so drivers shouldn’t be resistant to buy from a different company if you can save money.

Having a favorite company is great, but it isn’t a good idea if that loyalty ends up costing potentially thousands of dollars a year. Now is a great time to shop around and find cheaper insurance for infrequent drivers in Raleigh.

The auto insurance agents in Raleigh shown below can probably provide answers to your questions and help you determine which insurance coverage will be best for you, as lots of people like to have the advice of a professional agent when buying car insurance for low mileage drivers. It can be hard to find the best coverage on your own, so a professional agent can give satisfaction knowing your coverage gives you suitable coverage if you ever need to use it. To find an auto insurance agency nearest to you, click the button at the bottom of the list or click here to get price quotes now.

IGO Insurance Agency Inc.
8117 Ebenezer Church RdRaleigh, NC 27612(919) 782-1560

Nationwide Insurance: Christopher D Edwards Agency
3901 Capital Blvd Ste 121Raleigh, NC 27604(919) 872-0130

State Farm: Lisa Davis
8201 Rowlock Way Suite 112Raleigh, NC 27613(919) 782-3333

View more Raleigh, NC insurance agents