The words “low-cost” and “insurance” really don’t belong together, specifically when searching for the lowest insurance prices for teachers. Because it’s not cheap, let’s start the ball rolling by going over some of the factors that help determine car insurance premiums, and come up with some ideas to cut the cost of your next policy.
The make and model of vehicle that is being insured is one of the largest factors when consumers are trying to find the most economical insurance for teachers. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of having liability claims will cost less to insure than higher performance models. The table below presents coverage premiums for a handful of the most affordable automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $941 |
| Ford Explorer Eddie Bauer 2WD | $1,055 |
| Ford Edge Limited 2WD | $1,093 |
| Volkswagen Jetta 2.0T Station Wagon | $1,099 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,155 |
| Toyota Camry XLE | $1,172 |
| Honda CR-V EX-L 2WD | $1,183 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,192 |
| Toyota Prius | $1,198 |
| Chevrolet Equinox LTZ AWD | $1,192 |
| Chevrolet Silverado LT Regular Cab | $1,196 |
| Kia Optima LX | $1,202 |
| Toyota Tacoma 4WD | $1,210 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in Raleigh, NC location which can impact coverage prices noticeably.
By looking at the data, vehicles like the Ford Escape, Ford Explorer, and Ford Edge are going to be some of the most budget-friendly vehicles to insure for teachers and educators.
Determining which companies offer the cheapest car insurance rates for teachers calls for a bit more effort than just comparing a company or two. Each insurance company has a unique formula for setting rates, so let’s take a look at the car insurance companies that tend to be cheaper in Raleigh, NC.
It’s important to know that North Carolina car insurance rates are impacted by many factors that control the price of your policy. Simply improving your credit, buying a new vehicle, or getting caught speeding can trigger price changes that can make some companies much cheaper than others.
Best Insurance Companies for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $655 |
| 3 | GEICO | $728 |
| 4 | Liberty Mutual | $728 |
| 5 | NC Farm Bureau | $737 |
| 6 | Penn National | $739 |
| 7 | State Farm | $749 |
| 8 | Titan | $751 |
| 9 | Auto-Owners | $844 |
| 10 | National General | $881 |
| 11 | Travelers | $900 |
| 12 | Erie | $904 |
| 13 | Allied | $928 |
| 14 | Peerless | $992 |
| 15 | Unitrin | $1,002 |
| 16 | MetLife | $1,038 |
| 17 | Nationwide | $1,041 |
| 18 | Safeco | $1,066 |
| 19 | Encompass | $1,073 |
| 20 | Allstate | $1,097 |
| Compare Rates Now Go | ||
Progressive has some of the lowest car insurance rates in Raleigh at around $632 per year. This is $240 less than the average policy premium paid by North Carolina drivers of $872. Utica National, GEICO, Liberty Mutual, and NC Farm Bureau also are some of the most economical Raleigh, NC auto insurance companies.
In this example, if you are insured with NC Farm Bureau and switched to Utica National, you might achieve annual savings of in the vicinity of $82. Drivers with Penn National might save as much as $84 a year, and State Farm customers might reduce prices by as much as $94 a year.
If you want to see how much you could save, click here to start your free quote or quote prices from the following companies.
Understand that those estimates are averaged for all drivers and vehicles in North Carolina and are not factoring in a specific zip code for teachers. So the auto insurance company that is best suited for you may not even be in the top 20 companies shown above. That underscores the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
For teachers and educators, one of the big considerations that determine the price you pay for insurance is where you live. Cities with larger populations will most likely have higher rates, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The table below rates the priciest cities in North Carolina for teachers to buy auto insurance in. Raleigh is ranked at #8 having an annual price of $760 on average, which is around $63 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Fayetteville | $905 |
| 2 | Jacksonville | $891 |
| 3 | Charlotte | $832 |
| 4 | Gastonia | $803 |
| 5 | Durham | $789 |
| 6 | Cary | $765 |
| 7 | Greensboro | $763 |
| 8 | Raleigh | $760 |
| 9 | Greenville | $760 |
| 10 | Wilmington | $758 |
| 11 | Indian Trail | $753 |
| 12 | Rocky Mount | $748 |
| 13 | Apex | $747 |
| 14 | Goldsboro | $743 |
| 15 | Huntersville | $742 |
| 16 | Hickory | $732 |
| 17 | Wilson | $732 |
| 18 | High Point | $723 |
| 19 | Salisbury | $712 |
| 20 | Chapel Hill | $703 |
| 21 | Burlington | $692 |
| 22 | Kannapolis | $690 |
| 23 | Winston Salem | $688 |
| 24 | Concord | $676 |
| 25 | Asheville | $667 |
| Compare Rates Now Go | ||
Annual rates are approximated as the specific zip code location can lower or raise insurance rates noticeably.
Buying coverage from the right auto insurance company is hard considering how many choices you have in North Carolina. The company ratings below could help you select which car insurance providers to look at when buying insurance for teachers. These rankings are only comprised of large, nationwide insurance companies, so companies without a large exposure are not included in the list.
Top 10 Large Car Insurance Companies Overall in Raleigh
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Top 10 Large Car Insurance Companies in Raleigh Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Types of discounts on Raleigh car insurance
Car insurance companies that sell policies for teachers may provide discounts that could lower prices by 30% or more if you qualify for them. The best car insurance companies and their possible discounts are:
- GEICO offers discounts for membership and employees, good student, anti-lock brakes, emergency military deployment, and military active duty.
- SAFECO has savings for multi-car, bundle discounts, safe driver, anti-theft, accident prevention training, and teen safety rewards.
- State Farm discounts include defensive driving training, Drive Safe & Save, driver’s education, good driver, multiple policy, accident-free, and passive restraint.
- MetLife may have discounts that include multi-policy, good driver, accident-free, good student, claim-free, and defensive driver.
- 21st Century includes discounts for early bird, 55 and older, good student, student driver, and automatic seat belts.
- Progressive policyholders can earn discounts including good student, multi-policy, online signing, homeowner, online quote discount, and continuous coverage.
The information below shows the difference between insurance premiums with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or driving citations, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, homeowner, marriage, safe-driver, anti-theft, and multiple policy discounts applied. When taking advantage of discounts, the average savings per year on car insurance for teachers is 27% or $413.
Why you should be shopping around
Raleigh, NC car insurance rates are calculated based on many things that can increase the price you have to pay for coverage. Getting older, having a claim, or getting into an accident can produce rate changes that can make some companies more affordable than others. Not only that, but insurance companies modify rates at least once a year in order to be able to pay unexpected claims. A period of higher than normal claims can cause rate hikes, while lower claim levels can cause cheaper Raleigh car insurance rates.
For example, the data below shows rates for the cheapest car insurance in Raleigh, NC for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. If we look at prices based on her current risk profile, Progressive has the most affordable car insurance rates in Raleigh at $696 each year. This is $176 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO round out the rest of the top five cheapest Raleigh, NC auto insurance companies.
Now we will give the driver from the first set of rates a claim surcharge, a lower credit rating, and a traffic ticket or two. Since each insurance company has a unique formula for determining rates in each state, getting updated rate quotes could now result in a significantly different list of affordable companies as shown below.
State Farm now has the best insurance rate in Raleigh, NC with Titan, Auto-Owners, National General, and Allied completing the list. This example illustrates why consumers need to take the time to perform a complete rate comparison when trying to get the cheapest insurance rates for teachers. Prices can be determined by many factors and can increase or decrease at any time, so the most economical option three years ago may now be one of the more expensive options.
How to find more affordable auto insurance for teachers
The list below summarizes a few money-saving solutions that can help drivers quote cheap coverage.
- Violations like speeding or DUI increase rates
- Good credit scores may lower your rates
- Buy vehicles with good safety ratings
- Try paying for small claims out-of-pocket
- Staying accident-free helps keep rates low
- Shop around for cheaper prices often
That last tip is certainly crucial, as was emphasized in this write-up. Auto insurance prices fluctuate constantly, so you should be ready to switch carriers if a better rate can be found. Being loyal to a particular company is commendable, but it isn’t a good idea if that devotion results in you overpaying a small fortune year after year. It takes less than five minutes to compare rates and find cheaper insurance for teachers in Raleigh.
If you have coverage questions and would like to have professional advice when comparing insurance rates for teachers and educators, the agencies below can help you determine which coverages you need. To locate a Raleigh car insurance agency closest to you, click the button at the bottom or click here to compare price quotes.
- State Farm: Jerome Murray
8410 Louisburg Rd #100 – Raleigh, NC 27616 – (919) 266-9371 - Nationwide Insurance: Carter Glass Insurance Agency
5901 Falls of Neuse Rd – Raleigh, NC 27609 – (919) 872-1778 - Gina Tickle – State Farm Insurance Agent
8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774