The words “economical” and “insurance” probably shouldn’t be used together, in particular when you are looking for the cheapest auto insurance for drivers requiring a SR22. Because it’s so expensive, let’s start the ball rolling by going over some of the things that can significantly affect insurance rates, and find a few ways to reduce the price of the next policy you buy.
One of the more important components that are looked at to help calculate the cost of insurance is where you normally keep your vehicle. Cities with larger populations tend to pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The illustration below sorts the most expensive places in North Carolina for drivers requiring a SR22 in which to buy car insurance. Raleigh makes the list at #12 with the annual price of $737 for coverage, which is about $61 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $873 |
| 3 | Charlotte | $816 |
| 4 | Gastonia | $811 |
| 5 | Wilmington | $781 |
| 6 | Durham | $773 |
| 7 | Cary | $765 |
| 8 | Greensboro | $763 |
| 9 | Huntersville | $756 |
| 10 | Rocky Mount | $740 |
| 11 | Greenville | $738 |
| 12 | Raleigh | $737 |
| 13 | Goldsboro | $735 |
| 14 | Indian Trail | $731 |
| 15 | High Point | $731 |
| 16 | Apex | $725 |
| 17 | Chapel Hill | $724 |
| 18 | Wilson | $724 |
| 19 | Hickory | $718 |
| 20 | Winston Salem | $709 |
| 21 | Kannapolis | $697 |
| 22 | Burlington | $692 |
| 23 | Salisbury | $691 |
| 24 | Concord | $669 |
| 25 | Asheville | $661 |
| Find Cheaper Rates Go | ||
Rates are estimated as the garaging address in Raleigh can revise rates noticeably.
Locating affordable auto insurance is confusing at best, and deciding which company has the most affordable insurance rates for drivers requiring a SR22 will require even more work. Every insurance provider has a different process for setting rates, so let’s take a look at the overall cheapest insurance companies in North Carolina.
It’s a good idea to be aware that Raleigh, NC insurance rates are impacted by many factors that may substantially change the cost of your policy. Getting older, filing a claim, or getting a ticket for running a stop sign can trigger price changes resulting in some companies being more affordable than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $636 |
| 3 | Liberty Mutual | $707 |
| 4 | Penn National | $717 |
| 5 | GEICO | $728 |
| 6 | NC Farm Bureau | $730 |
| 7 | Titan | $759 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $852 |
| 10 | National General | $890 |
| 11 | Allied | $892 |
| 12 | Erie | $895 |
| 13 | Travelers | $900 |
| 14 | Peerless | $992 |
| 15 | Nationwide | $1,011 |
| 16 | Unitrin | $1,032 |
| 17 | MetLife | $1,038 |
| 18 | Safeco | $1,044 |
| 19 | Allstate | $1,054 |
| 20 | Encompass | $1,073 |
| Quote Your Rates Go | ||
Progressive offers some of the most affordable car insurance rates in Raleigh at around $632 annually. Utica National, Liberty Mutual, Penn National, and GEICO would also make the list of some of the best Raleigh, NC insurance companies.
In the rate table above, if you are a policyholder with Penn National and switched to Progressive, you could see a yearly price reduction of around $85. Policyholders with GEICO might save as much as $96 a year, and NC Farm Bureau policyholders might reduce rates by $98 a year.
Understand that those premium estimates are averaged for all drivers and vehicles and are not factoring in a vehicle location for drivers requiring a SR22. So the insurer that fits your situation best may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
Choosing the best car insurance provider can be rather challenging considering how many choices there are in North Carolina. The ranking data shown next could help you choose which auto insurers to look at shopping your coverage with.
The ratings below include companies with a nationwide focus, so companies that have a smaller presence are not included in the list. To check prices from these and other competitive companies, follow this link.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Get discount Raleigh auto insurance rates
Insurance companies that offer cheap quotes for drivers requiring a SR22 could also offer special discounts that could reduce prices by as much as 25% or more if you qualify for them. Popular insurance companies and the discounts they provide are included below.
- American Family may have discounts that include multi-vehicle, TimeAway discount, air bags, mySafetyValet, Steer into Savings, and early bird.
- Farm Bureau may include discounts for youthful driver, driver training, renewal discount, multi-vehicle, and good student.
- State Farm includes discounts for good driver, student away at school, Steer Clear safe driver discount, multiple autos, multiple policy, and accident-free.
- Travelers policyholders can earn discounts including multi-policy, new car, hybrid/electric vehicle, multi-car, driver training, payment discounts, and early quote.
- The Hartford offers discounts for driver training, good student, anti-theft, air bag, defensive driver, and vehicle fuel type.
- GEICO may offer discounts for driver training, multi-policy, anti-theft, federal employee, multi-vehicle, seat belt use, and defensive driver.
- Progressive has discounts for continuous coverage, online quote discount, good student, online signing, multi-vehicle, homeowner, and multi-policy.
The information below shows the difference between insurance costs with and without discounts applied. The rates are based on a female driver, one violation and one at-fault accident, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, continuous coverage, vehicle safety, multiple policy, paid-in-full, and multiple vehicle discounts applied. When discounts are applied, theaverage amount saved on insurance for drivers requiring a SR22 is 28% or $471.
How to find the cheapest car insurance for drivers requiring a SR22
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help you buy lower-cost auto insurance.
- Avoid accidents
- Frequent claims may make car insurance unaffordable
- Insure your home and auto with the same company
- Avoid getting citations and tickets
- Lower rates by purchasing a safer vehicle
- Look for cheaper rates once a year by shopping around
The last tip in the list is especially necessary, as was emphasized in the prior article. Auto insurance prices can change significantly in a year, so don’t hesitate to switch carriers if you can find a cheaper rate.
Having a favorite company is fine, but it’s not recommended if that loyalty ends up costing a small fortune year after year. Now is a great time to compare rates to find cheaper insurance for drivers requiring a SR22 in Raleigh.
The agents shown below can answer your questions and help you decide which coverages and limits you need, since lots of people like to get some professional input when shopping around for cheaper insurance for high risk drivers. It’s not always easy to find the best rates on your own, and insurance agents can bring satisfaction knowing your policy gives you enough coverage when you need it. To locate a Raleigh car insurance agency nearest to you, click the button below the list.
- Durfey-Hoover-Bowden Insurance Agency
3741 Benson Dr – Raleigh, NC 27609 – (919) 790-6415 - Lee Winters Insurance Agency
1330 St Marys St Suite 250 – Raleigh, NC 27605 – (919) 828-7130 - Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 - David Brown – State Farm Insurance Agent
9380 Falls of Neuse Rd #105 – Raleigh, NC 27615 – (919) 846-1819 - Young Insurance Associates, Inc
2609 Atlantic Ave #107 – Raleigh, NC 27604 – (919) 322-4186