You have surely seen all the catchy advertisements from car insurance companies like Allstate, GEICO, and Farmers that guarantee dirt cheap rates. So drivers just need to pick one randomly, right?
It’s not that simple, unfortunately, as there are many unknown aspects such as where you live, whether you are male or female, how far you drive each year, and your date of birth, that all have an effect on the price of a policy. In this article, we will cover the best ways to avoid paying too much and also should give you a jump start in finding the best auto insurance in North Carolina.
One of the many things that are looked at to determine the annual cost of car insurance is where your car is garaged. More populated areas are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The next table sorts the most expensive areas in North Carolina for postal workers to buy car insurance in. Raleigh is ranked #12 with an annual cost of $737 on average, which is approximately $61 monthly.
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Premium costs are approximated as specific Raleigh garaging address can change prices noticeably.
Finding dependable, low-priced car insurance is not the easiest thing to do, and deciding which company quotes the cheapest insurance rates for postal workers will require a bit more work. Every car insurance company has a different process for determining prices, so we’ll take a look at the most affordable insurance companies in Raleigh, NC.
Best Insurance Companies for USPS Employees
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$737|
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Progressive quotes some of the most affordable car insurance rates in Raleigh at around $651 a year. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National also rank well as some of the more affordable Raleigh, NC auto insurance companies.
In the rate table above, if you currently have a policy with NC Farm Bureau and switched to Progressive, you might see yearly savings of about $86. North Carolina drivers with Penn National could save as much as $96 a year, and GEICO customers might realize rate reductions of up to $99 a year.
These policy prices are averaged for all drivers and vehicles and are not factoring in an exact vehicle garaging location for postal workers. So the insurer that has the cheapest rates for you may not even be in the top 20 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.
The make and model of vehicle requiring coverage is probably the largest consideration when comparing affordable coverage for postal workers. Vehicles with more horsepower, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more modest models. The next table outlines auto insurance premiums for a number of the most affordable automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,014|
|Honda CR-V LX 2WD||$1,110|
|Toyota Tacoma 4WD||$1,135|
|Dodge Grand Caravan SE||$1,142|
|Ford Escape XLT 4WD||$1,137|
|Honda Accord LX-P 4-Dr Sedan||$1,144|
|Ford Focus S 4-Dr Sedan||$1,178|
|Jeep Grand Cherokee Laredo 2WD||$1,200|
|Ford Explorer Eddie Bauer 4WD||$1,223|
|Toyota Corolla LE||$1,264|
|Chevrolet Impala LTZ||$1,273|
|Chevrolet Silverado LT Regular Cab 2WD||$1,284|
|Chevrolet Equinox LTZ 2WD||$1,287|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,289|
|Ford F-150 XLT Super Cab 4WD||$1,318|
|Ford Edge SE AWD||$1,321|
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can increase or decrease coverage prices substantially.
Looking at the numbers, we can conclude that vehicles like the Hyundai Elantra, Honda CR-V, Toyota Prius, Toyota Tacoma, and Dodge Grand Caravan are most likely going to be a few of the less-costly vehicles to insure for postal employees.
Irresponsible driving raises your rates
The best way to score the cheapest insurance rates in North Carolina for postal employees is to drive attentively and avoid at-fault accidents and violations. The chart below shows how violations and at-fault accidents raise auto insurance costs for different ages of insureds. The costs are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance in North Carolina per year with no violations or accidents is $1,356. Get one speeding ticket and the average cost jumps to $1,538, an increase of $182 each year. Then add in two accidents along with the one speeding ticket and the annual cost of insurance for postal workers goes up to an average of $3,241. That’s an increase of $1,886, or $157 per month, just for a couple of infractions!
The illustration below demonstrates how choosing different deductibles can affect yearly insurance costs when getting quotes for cheap insurance for postal workers. The data is based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
A 30-year-old driver could pocket $320 a year by changing from a $100 deductible up to a $500 deductible, or save $480 by using a $1,000 deductible. Young drivers, like the 20-year-old example, can cut up to $944 or even more by choosing a higher deductible. If you do make the decision to raise your deductibles, it will now be necessary to have enough savings set aside to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
You are probably paying too much for car insurance
Raleigh insurance rates are determined by lots of factors which can significantly increase or decrease your annual premium. Simply improving your credit, filing a claim, or having a fender bender can produce rate changes that can now make some companies cheaper than competitors.
In addition to those changes, insurance companies file new rates every year to adjust for heavy claims or excess profits. Significantly higher losses may result in more expensive prices, while a better claims history may cause lower-cost Raleigh car insurance rates.
To illustrate this example, the data below shows a variety of companies that have the cheapest car insurance in Raleigh, NC for a 35-year-old female driver with a good driving record, no prior claims, and good financial standing. If we look at prices based on her current risk factors, Progressive might offer the lowest car insurance rates in Raleigh at $739 a year. This is $133 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Titan are the remaining cheapest Raleigh, NC auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison a couple of claims, slightly worse credit, and a stop sign violation. Since each auto insurer uses a different method to determining premium rates, comparing quotes could result in a different ranking of affordable Raleigh car insurance companies as shown below.
Penn National now has the cheapest rate in Raleigh with State Farm, Auto-Owners, Allied, and Utica National now being in the top five. This example shows why consumers need to take the time to spend some time comparing rates to find the most affordable car insurance quotes for postal workers.
Auto insurance prices are determined by many different factors and can increase or decrease at any time, so the best price three years ago may now be costing you a lot of money.