Trying to buy affordable car insurance is challenging, and deciding which insurers offer the best insurance rates for uninsured drivers will take more quotes for comparison. Every auto insurer uses different criteria for determining rates in each state, so we’ll go over the insurance companies with the overall best prices in North Carolina.
It’s important to know that Raleigh insurance rates are determined by lots of factors which can substantially decrease or increase the price of your policy. Taking a driver safety course, adding a teenager to your policy, or getting into an accident can trigger price changes that may make certain companies affordable when they were higher priced.
Cheapest Insurance Rates in North Carolina
Utica National may have some of the best car insurance rates in Raleigh at around $643 per year. Progressive, NC Farm Bureau, Liberty Mutual, and GEICO also make the cut as some of the most economical Raleigh, NC insurance companies.
In this example, if you have coverage with Liberty Mutual and switched to Progressive, you may see a yearly savings of about $63. Customers with GEICO could save as much as $70 a year, and Titan policyholders might see rate reductions of $71 a year.
Be aware that those premiums are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for uninsured drivers. So the insurer that is most affordable for your situation may not even be in the list above. That illustrates why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
The type of vehicle you are seeking coverage for is probably the largest consideration when shopping around for low-cost auto insurance for uninsured drivers. Vehicles with economical engines, modern passenger safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The next list ranks car insurance rates for the most economical vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,084 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,095 |
| Ford Explorer XLT AWD | $1,188 |
| Honda CR-V EX-L 2WD | $1,232 |
| Ford Edge SE AWD | $1,237 |
| Chevrolet Malibu Hybrid | $1,258 |
| Ford F-150 FX2 2WD | $1,281 |
| Toyota Prius | $1,290 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,348 |
| Chevrolet Equinox LT 2WD | $1,376 |
| Honda Odyssey EX | $1,383 |
| Volkswagen Jetta 2.0T Station Wagon | $1,392 |
| Dodge Grand Caravan SXT | $1,402 |
| Toyota RAV4 Limited 4WD | $1,416 |
| Toyota Tacoma Double Cab 4WD | $1,446 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,448 |
| Toyota Camry XLE | $1,450 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $1,476 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,483 |
| Chevrolet Impala LTZ | $1,481 |
| Dodge Ram Crew Cab TRX 2WD | $1,497 |
| GMC Sierra 3500HD SLE Crew Cab 2WD | $1,504 |
| Ford F-250 XL Turbo Diesel 2WD | $1,506 |
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Estimates do not factor in vehicle location which can increase or decrease insurance rates noticeably.
Looking at the numbers, cars like the Ford Escape, Jeep Wrangler, and Ford Explorer should be some of the more affordable vehicles to insure for drivers with no prior coverage.
For drivers with no prior coverage, one of the more important components that are looked at to determine the amount you pay each year for auto insurance is where you keep your vehicle. Regions with more people or even just more weather-related claims tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The next table ranks the most costly cities in North Carolina for uninsured drivers in which to purchase auto insurance. Raleigh makes the list at #12 costing $744 on average, which is approximately $62 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $891 |
| 3 | Charlotte | $840 |
| 4 | Gastonia | $803 |
| 5 | Wilmington | $788 |
| 6 | Durham | $773 |
| 7 | Cary | $765 |
| 8 | Huntersville | $764 |
| 9 | Greensboro | $763 |
| 10 | High Point | $753 |
| 11 | Apex | $747 |
| 12 | Raleigh | $744 |
| 13 | Rocky Mount | $740 |
| 14 | Greenville | $738 |
| 15 | Goldsboro | $735 |
| 16 | Hickory | $732 |
| 17 | Wilson | $732 |
| 18 | Chapel Hill | $724 |
| 19 | Indian Trail | $723 |
| 20 | Burlington | $699 |
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Information shown are estimated as specific Raleigh garaging address can alter premium rates considerably.
The illustration below shows how different deductible levels can affect insurance rates when trying to find cheap insurance for uninsured drivers. The premiums assume a married female driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 30-year-old driver could cut expenses by $274 a year by switching from a $100 deductible up to a $500 deductible, or save $416 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save up to $588 every year by using a higher deductible. If you do make the decision to raise your deductibles, it is a good idea to have plenty of money set aside to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Insuring your vehicle with the best insurer is hard considering how many companies there are to choose from in Raleigh. The company ratings below may help you decide which insurers you want to consider purchasing from. The ratings below are for large, nationwide insurance companies, so smaller regional companies are not taken into consideration for the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Are you paying too much for car insurance in Raleigh?
Raleigh, NC insurance rates are based on many factors that may substantially change the cost of coverage. Improving your credit rating, buying a different vehicle, or getting a few speeding tickets can trigger rate changes that may make certain companies cheaper than competitors. Not only that, but insurance companies file new rates every year to reflect underwriting profits or losses. Higher than usual claims may cause more expensive prices, while a better loss history may produce lower-cost Raleigh car insurance rates.
For instance, the data below demonstrates which company has the cheapest car insurance in Raleigh, NC for a 45-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. When comparing rates based on his personal risk profile, Progressive quotes the best car insurance rates in Raleigh at $756 per year. This is $116 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, GEICO, and Liberty Mutual are also included in the top five cheapest Raleigh, NC auto insurance companies.
The example below compares rates after we give the driver in the first example an accident surcharge, a lower credit score, and a speeding citation. Since every car insurance company has a proprietary method to set premium rates, comparing rates will most likely result in a significantly different list of affordable Raleigh car insurance companies as shown below.
Titan now has the cheapest auto insurance in Raleigh, NC with State Farm, Auto-Owners, Erie, and Travelers also having competitive pricing. This example demonstrates why Raleigh drivers need to compare as many rates as possible to get the best auto insurance quotes for uninsured drivers. Insurance rates are made up of many risk factors and change dramatically, so the lowest-price company the last time you shopped your coverage around may now not even be in the top five.
Tips for buying more affordable car insurance for uninsured drivers
Here are some penny-pinching suggestions that can help North Carolina drivers get cheaper coverage.
- Keep your driving record clean
- Increase the comprehensive and collision deductibles on your policy
- Do not insure for full coverage
- Drive safe vehicles
- Higher credit scores can equal lower rates
- Do not get into accidents that are your fault
- Compare prices frequently to find the best deal
The last tip in the list is very valuable, as we emphasized in this write-up. Coverage prices in Raleigh can change considerably in a year, so don’t be afraid to change to a new company if a better deal can be had. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that faithfulness ends up costing you thousands of dollars over the life of your policy. It only take a few minutes to compare rates and find cheaper car insurance for uninsured drivers.