One of the more important criteria that aid in calculating the amount you pay each year for auto insurance is the neighborhood you call home. Areas with increased crime or more people likely pay more, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The following table shows the most costly cities in North Carolina for felons in which to buy car insurance. Raleigh shows up at #13 with a yearly premium of $744 for the average policyholder, which is approximately $62 per month.
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Annual rates are comparative as vehicle location can impact premium rates substantially.
Deciding which company quotes the most affordable car insurance rates for felons takes a little more sweat in order to find the best price. Every insurance company has a different process to set premium rates, so let’s examine the car insurance companies with the most affordable rates in North Carolina.
It’s important to know that North Carolina car insurance rates are influenced by many factors that may substantially change the cost of your policy. Improving your credit rating, filing a claim, or getting a ticket for careless driving may generate price changes that can cause some rates to be more affordable than others.
Best Cheap Insurance Rates for Felons
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$709|
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Progressive generally has some of the most affordable car insurance rates in Raleigh at around $639 annually. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National also rank well as some of the cheapest Raleigh, NC auto insurance companies.
As the example above demonstrates, if you are insured with Utica National and switched to Progressive, you might realize an annual savings of around $4. Customers with Liberty Mutual might save as much as $61 a year, and NC Farm Bureau policyholders might reduce prices by as much as $70 a year.
To see if you’re overpaying, click here to start your custom quote or click several companies below for low rates.
It’s important to note that these rates are averaged for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for felons. So the auto insurance company that can offer you the lowest price may not even be in the list above. That illustrates why you need to get quotes using your own driver and vehicle profiles.
Insurance rate increases from tickets or accidents
The easiest method to find the cheapest car insurance rates for felons is to be a cautious driver and maintain a clean driving record. The illustration below demonstrates how traffic citations and at-fault fender-benders can raise insurance prices for each different age group. The costs are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
In the chart above, the average cost of a car insurance policy in Raleigh per year with a clean driving record and no accidents is $911. Factor in one speeding ticket and the average cost hikes up to $1,059, an increase of $148 each year. Now add one accident along with the one speeding ticket and the annual cost of car insurance for felons increases to an average of $1,474. That’s an increase of $563, or $47 per month, just for not being a responsible driver!
Does full coverage make sense?
Saving money when shopping for car insurance is the goal of most vehicle owners, and one of the best ways to buy cheap insurance for felons is to buy liability only. The illustration below illustrates the difference between car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The premiums assume a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
If all age groups are averaged, comp and collision coverage costs $1,053 per year more than buying just liability insurance. A very common question is when is the right time to remove full coverage. There is no set guideline to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
Discounts on Raleigh auto insurance
Insurance companies that sell policies for felons may additionally offer special discounts that can lower rates by 35% or more if you qualify for them. A list of car insurance companies and a summarized list of policyholder discounts are:
- State Farm may include discounts for driver’s education, multiple autos, accident-free, Steer Clear safe driver discount, safe vehicle, multiple policy, and defensive driving training.
- GEICO discounts include military active duty, anti-theft, multi-policy, defensive driver, daytime running lights, and membership and employees.
- Liberty Mutual has savings for new move discount, multi-car, good student, newly retired, newly married, and preferred payment discount.
- The Hartford policyholders can earn discounts including good student, vehicle fuel type, driver training, air bag, anti-theft, defensive driver, and bundle.
- MetLife may offer discounts for multi-policy, claim-free, accident-free, good student, good driver, defensive driver
- Progressive includes discounts for online signing, continuous coverage, multi-policy, homeowner, good student, and online quote discount.
The chart below shows the difference between insurance rates with and without discounts applied to the policy rates. The premiums assume a male driver, no claims or driving citations, 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 lower bar shows the rates with accident-free, homeowner, marriage, multiple vehicle, passive restraint, and multiple policy discounts applied. When discounts are applied, theamount saved on car insurance for felons is 27% or $361.
How to find the cheapest insurance for felons
Below you’ll find some of the recommended thrifty solutions that can help North Carolina drivers quote cheap auto insurance.
- Claim-free drivers earn discounts
- Buy safe vehicles
- Clean up your credit
- Avoid accidents and claims
- Just one traffic violation will increase your rates
- Shop around once a year for cheaper rates
The last suggestion is very vital, as we emphasized in this piece. Rates vary considerably, so don’t be hesitant to change insurance companies if a cheaper rate is available. We understand brand loyalty, but we do not recommend it if that stubbornness costs you a lot of money. It only take a few minutes to shop around and find cheaper insurance for felons in Raleigh.
If you prefer to get some professional advice when comparing insurance rates for felons, the professional agents shown below can probably help you decide which insurance coverage will be best for you. To locate a Raleigh insurance agent close to you, click the button after the list or click here to compare rates now.
Nationwide Insurance: Christopher D Edwards Agency
3901 Capital Blvd Ste 121 – Raleigh, NC 27604 – (919) 872-0130
Carolina Capital Insurance Group
1100 Logger Ct., Bldg. D-101 – Raleigh, NC 27609 – (919) 747-9002
G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889
Allstate Insurance: Jay Adkins
1033 Oberlin Rd Ste 200 – Raleigh, NC 27605 – (919) 755-1133
Durfey-Hoover-Bowden Insurance Agency
3741 Benson Dr – Raleigh, NC 27609 – (919) 790-6415