The words “cheap” and “insurance” probably shouldn’t be used together, in particular when you are trying to find the best coverage prices for drivers with accidents. In an attempt to save some money, let’s teach you some of the things that determine auto insurance rates, and see if we can help you lower the price of your next policy.
Comparing quotes for cost effective insurance is challenging, and deciding which insurers offer the lowest-priced auto insurance rates for drivers with accidents will involve even more work.
Each insurer has their own guidelines for determining rates in each state, so to begin we’ll rank the most competitive auto insurance companies in Raleigh. It’s important to understand that Raleigh auto insurance rates are influenced by many factors that can increase your annual premium. Improving your financial situation, having a claim, or getting a ticket for careless driving may cause policy rate changes that can now make some companies much higher than others.
Cheap Insurance Rates for Accident Prone Drivers
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$730|
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Progressive has some of the most affordable car insurance rates in Raleigh at around $632 a year. Utica National, Liberty Mutual, GEICO, and NC Farm Bureau are also some of the best Raleigh, NC insurance companies.
In the above rates, if you have coverage with GEICO and switched to Utica National, you could earn savings of upwards of $77. Policyholders with NC Farm Bureau may save as much as $87 a year, and Penn National insureds might cut rates by $104 a year.
To see how much you can save, click here to get quotes or feel free to get quotes from the companies below.
These policy rates are averages for all types of insureds and vehicles and and are not figured with an exact zip code location for drivers with accidents. So the company that fits your situation best 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 personal information and vehicle type.
The vehicle model that needs insurance is one of the primary factors when shopping around for low-cost insurance for drivers with accidents. Vehicles with high performance engines, poor safety ratings, or high incidents of liability claims will cost significantly more to insure than more economical and safe models. The next list estimates insurance rates for a number of the more affordable vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$2,754|
|Honda CR-V EX 4WD||$2,756|
|Ford Escape Limited 4WD||$2,818|
|Chevrolet Impala LS||$2,875|
|Ford Explorer Eddie Bauer 4WD||$2,937|
|Dodge Grand Caravan CV||$2,949|
|Ford Focus SE 4-Dr Sedan||$3,075|
|GMC Sierra SLT Extended Cab 2WD||$3,086|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$3,091|
|Chevrolet Equinox LS 2WD||$3,109|
|Toyota RAV4 Limited 2WD||$3,119|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$3,141|
|Ford F-150 Lariat Super Cab 2WD||$3,147|
|Honda Odyssey EX W/Rear Entertainment||$3,183|
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Cost estimates assume single female driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle garaging location which can impact premiums greatly.
Looking at the rates, you can infer that models like the Jeep Wrangler, Honda CR-V, and Ford Escape will definitely be the most budget-friendly vehicles to insure for drivers with at-fault accidents. The price of auto insurance will be more costly just because there is more claim risk for drivers with accidents, but overall those makes and models will have the cheapest car insurance rates compared to other vehicles.
For drivers with at-fault accidents, one of the big things that help determine the price you pay for insurance is where you call home in Raleigh. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with less crime or weather claims tend to receive slightly lower rates.
The following table ranks the most expensive cities in North Carolina for drivers with accidents to purchase car insurance in. Raleigh ranks #12 with an annual rate of $737 on average, which is approximately $61 monthly.
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Prices are approximated as specific location information can modify price quotes noticeably.
Full coverage rates compared to liability only
Finding cheaper auto insurance is important to the majority of drivers, and an effective way to buy cheaper insurance for drivers with accidents is to not buy comprehensive and collision coverage. The example below shows the difference between yearly insurance costs with liability coverage only compared to full coverage. The premiums assume no violations or claims, $100 deductibles, drivers are not married, and no policy discounts are applied.
On average, physical damage coverage costs an additional $1,918 per year more than just buying liability insurance. That brings up the question if it’s a good idea to buy full coverage. There is no specific rule of when to drop physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Careless driving habits raise Raleigh auto insurance rates
The common sense way to obtain low auto insurance prices in North Carolina for drivers with at-fault accidents is to drive cautiously and not receive tickets or have accidents. The information below shows how speeding tickets and fender-benders raise insurance prices for each different age group. The rate quotes are based on a married male driver, full coverage, $100 deductibles, and no discounts are factored in.
In the previous example, the average cost of car insurance in Raleigh per year with no violations or accidents is $1,227. Get written up for two speeding tickets and the average cost swells to $1,694, an increase of $467 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of auto insurance for drivers with accidents goes up to an average of $3,350. That’s an increase of $2,123, or $177 per month, just for not driving carefully!
Choosing a good quality insurance provider can be challenging considering how many companies are available to choose from in Raleigh. The company information in the lists below may help you analyze which companies you want to consider when shopping around. The rankings below are for companies who write in the majority of U.S. states, so companies that may only write in North Carolina are not included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies