The type of vehicle needing coverage is one of the main factors that determines whether or not you find low-priced insurance for drivers requiring a SR22. Vehicles with reasonable performance levels, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.
The next list features insurance premiums for a number of the cheapest vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $3,986 |
| Hyundai Elantra GLS Touring Station Wagon | $3,993 |
| Honda CR-V EX 4WD | $4,032 |
| Ford Escape Limited 2WD | $4,042 |
| Toyota Prius | $4,290 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $4,462 |
| Toyota Tacoma 4WD | $4,507 |
| Ford F-150 XL Regular Cab 4WD | $4,513 |
| Chevrolet Impala LS | $4,674 |
| Ford Explorer Limited 4WD | $4,765 |
| Ford Edge SE 2WD | $4,775 |
| Honda Odyssey EX-L | $4,933 |
| Nissan Altima 2.5 4-Dr Sedan | $4,942 |
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Data based on single female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Information does not factor in specific location information which can influence coverage prices substantially.
Based upon the rates shown, cars like the Honda Accord, Hyundai Elantra, Honda CR-V, and Ford Escape are the less-costly vehicles to insure for high risk drivers. The price of auto insurance will be more costly because of the fact that there is more claim exposure for drivers requiring a SR22, but generally speaking those particular vehicles will probably have the lowest prices that you’ll find.
For high risk drivers, one of the big components that are looked at to help calculate the amount you pay each year for auto insurance is where you live in Durham. More populated areas are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The following table rates the most costly cities in North Carolina for drivers requiring a SR22 in which to buy car insurance. Durham makes the list at #4 having an annual price of $797 for the average insured, which is around $66 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Jacksonville | $900 |
| 2 | Fayetteville | $896 |
| 3 | Charlotte | $840 |
| 4 | Durham | $797 |
| 5 | Wilmington | $781 |
| 6 | Gastonia | $779 |
| 7 | Greensboro | $779 |
| 8 | Raleigh | $767 |
| 9 | Indian Trail | $753 |
| 10 | Rocky Mount | $748 |
| 11 | Goldsboro | $743 |
| 12 | Huntersville | $742 |
| 13 | Cary | $742 |
| 14 | Greenville | $738 |
| 15 | Wilson | $732 |
| 16 | High Point | $731 |
| 17 | Apex | $725 |
| 18 | Hickory | $711 |
| 19 | Chapel Hill | $703 |
| 20 | Kannapolis | $697 |
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Table data uses approximated as the specific Durham residence address can influence rates noticeably.
Picking the top auto insurance provider is hard considering how many companies sell coverage in Durham. The information listed below could help you select which auto insurers to look at shopping prices with.
The rankings below include the largest companies in the United States, so companies without a large exposure are not taken into consideration for the list. To get rate quotes from these and other companies in North Carolina, simply click here.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Get discount Durham auto insurance
Insurance companies that sell policies for drivers requiring a SR22 may also provide premium discounts that can lower rates by as much as 30% if you meet specific criteria. Larger car insurance companies and some of the premium reductions they offer can be read below.
- State Farm has savings for defensive driving training, Drive Safe & Save, anti-theft, driver’s education, good driver, and passive restraint.
- Liberty Mutual includes discounts for new move discount, newly retired, multi-policy, multi-car, preferred payment discount, newly married, and new vehicle discount.
- American Family may include discounts for good driver, air bags, bundled insurance, Steer into Savings, early bird, and accident-free.
- Progressive policyholders can earn discounts including multi-vehicle, online signing, online quote discount, homeowner, and multi-policy.
- Farmers Insurance may offer discounts for mature driver, youthful driver, bundle discounts, business and professional, multi-car, distant student, and homeowner.
- Auto-Owners Insurance offers premium reductions for multiple vehicles, mature driver, teen driver, company car, anti-theft, and paid in full.
- SAFECO has discounts for anti-lock brakes, teen safety rewards, bundle discounts, drive less, teen safe driver, accident prevention training, and safe driver.
The information below illustrates the difference between auto insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, three traffic citations and two accidents, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, paid-in-full, marriage, passive restraint, and paperless filing discounts applied. In this example, the average savings per year on car insurance for drivers requiring a SR22 is 29% or $945.
The diagram below shows how choosing a deductible can affect insurance costs when researching cheap insurance for drivers requiring a SR22. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could cut expenses by $238 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $358 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could potentially save $588 annually just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it’s a good idea to have enough spare savings to be able to cover the extra out-of-pocket expense that comes with higher deductibles.
How to find low-cost car insurance for drivers requiring a SR22
It’s not impossible to find cheaper rates, and here are many money-saving suggestions that can help North Carolina drivers get cheap coverage.
- Lower rates by purchasing a safer vehicle
- Earn discounts for being claim-free
- Do not get traffic violations
- Remain accident-free and save
- Maintaining good credit helps earn cheaper rates
- Compare rates and switch if you can find a better deal
That last tip is highly valuable, as was pointed out in the article above. Prices charged by auto insurers in Durham can change significantly in a year, so don’t be tentative to switch companies if you find a better deal.
Brand loyalty is great, but it’s not a good idea if that inflexibility results in costing you big bucks every year. If you have a few minutes, now is a great time to compare rates and find cheaper auto insurance for drivers requiring a SR22.
The agencies below can most likely help you determine which insurance coverage will be best for you, since many people would rather have a little guidance when trying to find lower insurance rates for high risk drivers. It can be difficult to find coverage yourself, and getting professional guidance from a licensed agent can give comfort knowing your policy gives you sufficient protection if you have a claim. To find an auto insurance agency by location nearest to you, click the link at the bottom.
Superior Insurance of Durham
3825 S Roxboro St #118 – Durham, NC 27713 – (919) 224-8034
Herring and Bickers Insurance
2344 Operations Dr Suite 101 – Durham, NC 27705 – (919) 479-9900
Insurance Pros: Paradis James
3200 Croasdaile Dr # 603 – Durham, NC 27705 – (919) 294-6613
Zonya Autmon – State Farm Insurance Agent
2402 S Miami Blvd #103 – Durham, NC 27703 – (919) 993-3555