The car, truck, or SUV that needs insurance is probably the largest consideration when quoting economical auto insurance for nurses. Vehicles with limited top-end speed, advanced safety features, or a low likelihood of having liability claims will cost much less to insure than fast, unsafe models. The next list showcases insurance rates for a handful of the cheapest vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,044|
|Honda CR-V LX 4WD||$1,051|
|Ford Escape XLS 4WD||$1,044|
|Ford F-150 XLT Regular Cab 4WD||$1,174|
|Chevrolet Malibu LS||$1,239|
|Jeep Grand Cherokee Laredo 4WD||$1,246|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,281|
|Chevrolet Impala LTZ||$1,302|
|Ford Fusion SE 4-Dr Sedan||$1,325|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,334|
|GMC Sierra SLT Extended Cab 4WD||$1,325|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,372|
|Volkswagen Jetta S 4-Dr Sedan||$1,416|
|Toyota Camry Hybrid||$1,422|
|Chevrolet Equinox LT AWD||$1,416|
|Toyota RAV4 Sport 4WD||$1,425|
|Ford Explorer Eddie Bauer 4WD||$1,441|
|Hyundai Elantra Blue 4-Dr Sedan||$1,462|
|Ford Focus SEL 4-Dr Sedan||$1,472|
|Get a Custom Quote Go|
Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Information does not factor in vehicle garaging location which can revise prices substantially.
Based on these rates, you can assume that models like the Honda Accord, Honda CR-V, and Ford Escape are most likely to be some of the cheapest vehicles to insure for health professionals.
One of the more important things that help determine the amount you pay each year for auto insurance is where you keep your vehicle. More populated areas will most likely have higher rates, whereas areas with less people or fewer weather incidents benefit from lower prices.
The next table rates the highest-priced places in North Carolina for nurses in which to purchase auto insurance. Raleigh is ranked #14 with the annual price of $737 for the average policyholder, which is around $61 monthly.
|Rank||City||Premium Per Year|
|Find Cheaper Insurance Go|
Prices are comparative as the vehicle garaging location can decrease or increase premium rates noticeably.
Establishing which companies offer the cheapest auto insurance rates for nurses takes a bit more work than just picking a company at random.
Each insurance company has a different process to set their prices, so let’s take a look at the auto insurance companies that tend to have lower prices in Raleigh. It’s important to understand that North Carolina auto insurance rates are impacted by many factors which can substantially decrease or increase the cost of a policy. Simply having a birthday, increasing liability limits, or getting a ticket for running a stop sign can trigger price changes that can make some companies more affordable than competitors.
Best Insurance Companies for Health Occupations
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$730|
|Find Cheaper Rates Go|
Progressive quotes some of the most affordable car insurance rates in Raleigh at around $632 per year. This is $240 less than the average premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Titan, and NC Farm Bureau would also be considered some of the best Raleigh, NC auto insurance companies.
In the rate table above, if you are insured with Liberty Mutual and switched to Progressive, you may see annual savings of about $75. Customers with Titan might save as much as $97 a year, and NC Farm Bureau customers might lower prices by $98 a year.
These premium estimates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for nurses. So the insurer that fits your situation best may not even be in the top 20 companies in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.
Drive safe and save
The obvious way to earn the cheapest auto insurance prices in Raleigh for health professionals is to drive safe and avoid traffic citations and accidents. The diagram below demonstrates how citations and fender-benders increase car insurance rates for different age groups. The prices are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy in North Carolina per year with no accidents or violations is $971. Receive two speeding tickets and the average cost hikes up to $1,333, an increase of $361 each year. Now get two accidents along with the two speeding tickets and the yearly cost of auto insurance for nurses goes up to an average of $2,777. That’s an increase of $1,806, or $150 per month, just for not being more responsible behind the wheel!
Liability-only versus full coverage
Buying cheaper auto insurance is the goal of most drivers, and one of the easiest ways to lower the cost of insurance for nurses is to buy liability only. The diagram below illustrates the comparison of auto insurance rates with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are applied.
If we average all the age groups together, comp and collision coverage costs $1,401 per year over liability only. A very common question is when is the right time to remove full coverage. There is no set guideline that is best for determining when to drop full coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s replacement cost is $8,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,500 after paying your deductible. If premiums are more than $750 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are some conditions where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
A good deal can quickly turn bad
Raleigh auto insurance rates are influenced by many factors that will increase or decrease the price you pay for coverage. Simply having another birthday, buying another vehicle, or having an at-fault accident can trigger changes in premium resulting in some rates now being more affordable than competitors.
In addition, auto insurance companies change the rates they charge in North Carolina as needed in order to be able to pay unexpected claims. An unexpected high level of claims can result in more expensive prices, while better underwriting can cause more affordable Raleigh car insurance rates.
The graph below shows rates for the cheapest car insurance in Raleigh, NC for a 45-year-old female driver with a clean driving record, no accidents, and good financial standing. If we look at prices based on her current risk profile, Progressive may have the cheapest car insurance rates in Raleigh at $741 a year. This is $131 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO round out the rest of the cheapest Raleigh, NC auto insurance companies.
Let’s now give the driver from the first example a claim or two, a little lower credit rating, and a speeding ticket. Because each insurer has a different formula to establish rates, comparing quotes may now result in a slightly different list of the cheapest Raleigh car insurance companies as shown below.
Penn National now has the best auto insurance rate in Raleigh with State Farm, Auto-Owners, Utica National, and Erie also having competitive pricing. This illustrates why it is important to do a thorough rate comparison to find the lowest car insurance quotes for nurses.
Insurance rates can be determined by many risk factors and can change without notice, so the cheapest option the last time you shopped your coverage around may now be costing you a lot of money.
Ideas for buying economical insurance for nurses
The list below shows some of the better penny-pinching suggestions that can help drivers buy cheaper coverage.
- Maintain a clean driving record
- Raise deductibles to save money
- Try to remain claim-free
- Multi-policy discounts save money
- Higher credit scores may earn you cheaper rates
- Drive attentively and avoid accidents
- Compare rate quotes often
That final tip is extraordinarily important, as was discussed in the article above. Prices change frequently, so don’t be tentative to buy from a different company if you can find a cheaper rate. Having brand loyalty is commendable, but it’s not a good idea if that loyalty results in overpaying a small fortune. It only takes a couple minutes to compare rates to find cheaper auto insurance for nurses in Raleigh.
If you aren’t sure which coverage you need and prefer to have a little guidance when shopping for cheaper insurance for nurses, the agencies below can most likely provide answers to your questions and help you determine which car insurance company is the best fit. To find an agent nearest to you, click the button at the bottom or click here to compare rates now.
Amanda Hagood – State Farm Insurance Agent
5910 Duraleigh Rd #135 – Raleigh, NC 27612 – (919) 834-3615
Allstate Insurance: Jay Adkins
1033 Oberlin Rd Ste 200 – Raleigh, NC 27605 – (919) 755-1133
Snipes Insurance Services Inc
617 Oberlin Rd – Raleigh, NC 27605 – (919) 571-4335
Lindsay Gianni – State Farm Insurance Agent
12333 Strickland Rd #106 – Raleigh, NC 27613 – (919) 329-2913
Wade S Dunbar Insurance
7951 Monument Ln # 201 – Raleigh, NC 27615 – (919) 720-2290