Deciphering which company has the lowest-priced car insurance rates in Raleigh will require a bit more work than just getting one or two price quotes. Every insurance provider has their own guidelines for determining rates in each state, so let’s rank the car insurance companies with the overall cheapest rates in North Carolina.
It’s important to know that Raleigh car insurance rates are based on many factors that will increase or decrease your annual premium. Getting older, moving to a different location, or getting a driving violation can cause premium changes that may make certain companies cheaper in comparison to the competition.
Progressive offers some of the lowest car insurance rates in Raleigh at around $651 each year. This is $221 less than the average policy premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, GEICO, and Liberty Mutual also qualify as some of the more affordable Raleigh, NC insurance companies.
As shown in the table above, if you are a customer of GEICO and switched to Progressive, you might realize annual savings of around $69. Policyholders with Liberty Mutual might save as much as $77 a year, and Titan policyholders might lower prices by $78 a year.
To find the cheapest rates for your vehicle, click here or click several companies below for low rates.
Understand that those policy rates are averages for all types of drivers and the different vehicles they drive and and are not figured with a specific location in Raleigh. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That helps illustrate why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
For drivers in Raleigh, one of the more important factors that are used to help calculate insurance cost is where you normally keep your vehicle in Raleigh. Larger areas tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The information below lists the most costly cities in North Carolina in which to buy car insurance. Raleigh shows up at #12 with an annual cost of $744 for coverage, which is about $62 monthly.
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Annual rates are approximated as the specific geographic location can impact auto insurance rates substantially.
The make and model of vehicle requiring insurance is one of the largest considerations when trying to find the lowest-priced insurance in Raleigh. Vehicles with high performance features, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models. The table below illustrates auto insurance rates for a handful of the cheapest vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,080|
|Chevrolet Impala LS||$1,093|
|Honda CR-V EX-L 4WD||$1,102|
|Ford Focus SEL 4-Dr Sedan||$1,150|
|Hyundai Elantra GLS Touring Station Wagon||$1,155|
|Volkswagen Jetta S 2.5 Station Wagon||$1,168|
|Toyota Tacoma X-Runner 2WD||$1,172|
|Ford Fusion SEL 4-Dr Sedan||$1,192|
|Ford F-150 Lariat Crew Cab Harley 2WD||$1,200|
|Dodge Grand Caravan CV||$1,210|
|Dodge Ram Crew Cab ST 4WD||$1,216|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,236|
|Honda Accord EX 2-Dr Coupe||$1,254|
|Ford Edge SE 2WD||$1,267|
|Chevrolet Silverado LTZ Extended Cab 2WD||$1,274|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,296|
|Ford Explorer Limited 2WD||$1,300|
|Toyota Corolla S||$1,344|
|Ford F-250 XL Crew Cab 4WD||$1,348|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in specific zip code location which can impact coverage rates substantially.
Looking at the rates, you can infer that cars like the Ford Escape, Chevrolet Impala, and Honda CR-V are the cheaper vehicles to insure for drivers in Raleigh.
Discounts on Raleigh auto insurance
Insurance companies that sell policies in Raleigh may also offer rate discounts that can reduce rates by as much as 35% or more if you meet eligibility requirements. The best auto insurance companies and their possible discounts are outlined below.
- Progressive includes discounts for good student, homeowner, multi-policy, online signing, and online quote discount.
- GEICO offers premium reductions for seat belt use, anti-theft, membership and employees, emergency military deployment, and defensive driver.
- State Farm may offer discounts for safe vehicle, Drive Safe & Save, driver’s education, defensive driving training, student away at school, good driver, and passive restraint.
- Esurance may have discounts that include paid-in-full, defensive driver, Pac-12 alumni, online shopper, online quote, multi-policy, and homeowner.
- The Hartford may include discounts for vehicle fuel type, driver training, air bag, good student, and bundle.
The illustration below compares annual premium costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, claim-free, defensive driving course, marriage, vehicle safety, and accident-free discounts applied. In this example, theamount saved on auto insurance in Raleigh is 28% or $314.
The information below demonstrates how deductibles can affect insurance rates when getting quotes for cheap insurance in Raleigh. The information is based on a married male driver, full coverage, and no other discounts are factored in.
The data above shows that a 30-year-old driver could lower their policy premium by $190 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $290 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, could reduce their rates as much as $578 each year by selecting a higher deductible. If you do decide to increase your deductibles, it’s a good idea to have enough savings to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Careless driving habits raise auto insurance rates
The easiest way to maintain the cheapest auto insurance prices in Raleigh for drivers in Raleigh is to be a safe driver and avoid accidents and keep your driving record clean. The example below highlights how speeding tickets and at-fault collisions drive up auto insurance costs for each different age group. The premium estimates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
In the example above, the average cost of auto insurance per year with a clean driving record and no accidents is $1,125. Get one speeding ticket and the average cost rises to $1,275, an increase of $150 each year. Then add one accident along with the one speeding ticket and the 12-month cost of auto insurance in Raleigh jumps again to an average of $1,689. That’s an increase of $563, or $47 per month, just for not driving carefully!
If you have questions and prefer to have the advice of a professional agent when shopping for cheaper insurance for drivers in Raleigh, the insurance agencies listed below are willing to answer your questions and help you decide which coverages you need.
To locate a Raleigh car insurance agency nearest to you, click the link at the bottom or click here to compare price quotes.
- Allstate Insurance: Bonnita Hargis
1620 Martin Luther King Jr Blvd #104 – Raleigh, NC 27610 – (919) 250-3606
- Nationwide Insurance: Christopher D Edwards Agency
3901 Capital Blvd Ste 121 – Raleigh, NC 27604 – (919) 872-0130
- David Brown – State Farm Insurance Agent
9380 Falls of Neuse Rd #105 – Raleigh, NC 27615 – (919) 846-1819
- Clark Insurance Agency
4004 Barrett Dr #206 – Raleigh, NC 27609 – (919) 844-2995
How to find more affordable car insurance in Raleigh
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving suggestions that can help North Carolina drivers quote more affordable coverage.
- Avoid filing small claims
- At-fault accidents can raise rates significantly
- Be a cautious driver
- Higher comprehensive and collision coverage deductibles will save money
- Multi-policy discounts save money
- Higher credit scores can equal lower rates
- Keep rates low by shopping around frequently
That last tip is extraordinarily vital, as we pointed out in this write-up. Rates change frequently, so drivers shouldn’t be resistant to buy a different policy if a better deal can be had.
Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty results in overpaying a lot of money every month. It takes less than five minutes to compare rates to find cheaper car insurance in Raleigh in Raleigh.