Ideally, we could simply tell you the one company in North Carolina that has the cheapest coverage in North Carolina. Unfortunately, it’s not that simple as there are a whole bunch of unknown factors such as the miles you drive each year, the amount of coverage you want, whether you are married or single, and if you want the added protection of full coverage, that all factor into the price you pay. The information below will cover the types of things that cause high car insurance rates and will hopefully give you some help in finding cheaper rates.
Deciphering which insurers offer the cheapest insurance rates for used cars will require a tad more effort in order to find a policy that fits your budget.
Every auto insurer uses a different method for determining rates in each state, so we’ll take a look at the most affordable insurance companies in North Carolina. It’s important that readers know that North Carolina insurance rates are impacted by many things which can significantly increase or decrease the price of your policy. Simply having a birthday, buying a new vehicle, or getting a driving violation can trigger price changes that can now make some companies cheaper than others.
Find the Best Cheap Insurance for Used Cars
|Rank||Company||Cost Per Year|
|6||NC Farm Bureau||$730|
|Compare Rates Now Go|
Progressive may have some of the lowest car insurance rates in Raleigh at around $632 a year. Utica National, Penn National, GEICO, and Liberty Mutual are also some of the best Raleigh, NC car insurance companies.
In the above example, if you buy coverage from Liberty Mutual and switched to Utica National, you might see savings of in the neighborhood of $73. Drivers with NC Farm Bureau could save as much as $75 a year, and Titan insureds might cut rates by $104 a year.
To find out how your current rates compare, click here to start your custom quote or visit several of the following companies.
Understand that those rates are averaged for all types of insureds and vehicles and do not factor in a specific location for used cars. So the insurer that can offer the best rates for your situation may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
One of the more important components that aid in calculating the cost of insurance is where you normally keep your vehicle in Raleigh. Areas with more people or even just a higher incidence of claims tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.
The illustration below ranks the highest-priced areas in North Carolina for used cars to buy car insurance in. Raleigh is listed at #9 with a yearly cost of $760 for coverage, which is about $63 each month.
|Rank||City||Premium Per Year|
|Find Cheaper Rates Go|
Rates are comparative as the specific area where the vehicle is garaged can revise premiums substantially.
Illustration showing the impact of accidents and violations
The obvious way to obtain low insurance prices in North Carolina for pre-owned vehicles is to drive safe and maintain a clean driving record. The diagram below highlights how traffic violations and accidents can increase auto insurance rates for different insured age categories. The data assumes a single male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of a car insurance policy per year with no accidents or violations is $1,181. Add in two speeding tickets and the average cost increases to $1,557, an increase of $376 each year. Now include one accident along with the two speeding tickets and the 12-month cost of insurance for used cars increases to an average of $1,934. That’s an increase of $754, or $63 per month, just for not driving attentively!
Discount Raleigh insurance
Insurers that provide coverage for used cars may provide discounts that can reduce rates by as much as 40% or more if you can meet the requirements. Popular insurance companies and some of the premium reductions they offer are:
- Farm Bureau has discounts for driver training, 55 and retired, multi-vehicle, good student, multi-policy, and youthful driver.
- Liberty Mutual policyholders can earn discounts including good student, hybrid vehicle, teen driver discount, new vehicle discount, and newly married.
- State Farm offers premium reductions for good driver, student away at school, multiple autos, accident-free, defensive driving training, and multiple policy.
- Auto-Owners Insurance may offer discounts for mature driver, multi-policy, company car, good student, and paperless.
- GEICO discounts include federal employee, defensive driver, five-year accident-free, air bags, and multi-vehicle.
- SAFECO may include discounts for anti-theft, bundle discounts, teen safe driver, safe driver, homeowner, multi-car, and teen safety rewards.
The information below illustrates the comparison of premium costs with and without discounts applied. The rates are based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with claim-free, homeowner, multiple vehicle, marriage, multiple policy, and vehicle safety discounts applied. When discounts are applied, the average savings per year on insurance for used cars is 27% or $361.
Ending up with a good quality auto insurance company is hard considering how many different insurance companies sell coverage in North Carolina. The company information in the lists below could help you select which providers to look at to insure your vehicles.
The ratings below are for the largest companies in America, so companies that focus mainly on North Carolina business will not be included in these rankings. If you would like to check rates from these and other companies in North Carolina, follow this link.
Top 10 Major Car Insurance Companies in Raleigh Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
- Titan Insurance
Top 10 Major Car Insurance Companies in Raleigh Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
How to find economical auto insurance for used cars
It is possible to find better rates, and here are some thrifty solutions that can help drivers get more affordable auto insurance.
- Increase the comprehensive and collision deductibles on your policy
- Drive attentively and avoid accidents
- Vehicles with safetly features generally cost less to insure
- Tickets and violations raise rates
- Increase your credit score
- Full coverage may not be needed on older vehicles
- Comparison shop at least once a year
The last tip in the list is notably crucial, as we noted in this article. Prices charged by auto insurers adjust frequently, so don’t be unwilling to buy from a new company if you find a better deal. We understand brand loyalty, but is isn’t recommended if that devotion results in you overpaying a lot of money every month. Spend a few minutes and compare prices to find cheaper insurance for used cars in Raleigh.
If you aren’t sure which coverage you need and prefer to have professional advice when comparing insurance rates for pre-owned vehicles, the agents listed below are a good start to aid you in deciding which coverage fits your budget. To find an agent nearest to you, click the button after the list or click here to compare price quotes now.
J. Miller Lawson Agency – Nationwide Insurance
9360 Falls of Neuse Rd #201 – Raleigh, NC 27615 – (919) 676-5695
Spurling Cook – State Farm Insurance Agent
7501 Creedmoor Rd #114 – Raleigh, NC 27613 – (919) 676-2502
Gina Tickle – State Farm Insurance Agent
8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774
Nationwide Insurance: Terry E Nobles
557 Pylon Dr a – Raleigh, NC 27606 – (919) 833-3803