Finding decent, affordable auto insurance is not the easiest thing to accomplish, and deciding which companies offer the lowest-priced auto insurance rates after a speeding ticket calls for even more work. Each auto insurer has a different process to set their prices, so let’s rank the auto insurance companies that tend to be cheaper in Durham.
It’s important that readers know that Durham, NC auto insurance rates are based on many factors that will increase or decrease the price you pay. Improving your credit rating, buying a newer car, or getting a speeding ticket may cause policy rate changes that may make certain companies cheaper than before.
Best Insurance Companies with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $651 |
| 2 | Utica National | $655 |
| 3 | Liberty Mutual | $700 |
| 4 | NC Farm Bureau | $716 |
| 5 | Penn National | $739 |
| 6 | State Farm | $749 |
| 7 | GEICO | $750 |
| 8 | Titan | $751 |
| 9 | Auto-Owners | $870 |
| 10 | National General | $890 |
| 11 | Travelers | $909 |
| 12 | Erie | $922 |
| 13 | Allied | $928 |
| 14 | Peerless | $972 |
| 15 | Unitrin | $1,012 |
| 16 | MetLife | $1,018 |
| 17 | Encompass | $1,031 |
| 18 | Nationwide | $1,041 |
| 19 | Safeco | $1,044 |
| 20 | Allstate | $1,086 |
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Progressive normally has some of the most affordable car insurance rates in Durham at around $651 per year. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National also qualify as some of the cheaper Durham, NC car insurance companies.
In this example, if you are insured with Liberty Mutual and switched to Progressive, you might realize a yearly savings of about $49. Customers with NC Farm Bureau may save as much as $65 a year, and Penn National insureds might reduce prices by as much as $88 a year.
These estimates are averaged for all types of insureds and vehicles and are not factoring in a specific vehicle garaging location after a speeding ticket. So the insurer that can offer the best rates for your situation may not even be in the list above. That is why you need to compare prices as often as possible using your own specific driver information and vehicle.
The type of vehicle that is being insured is one of the primary factors that determines if you can find the best cheap coverage after a speeding ticket. Vehicles with average performance, good safety features, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models.
The data below ranks coverage rates for a handful of the most budget-friendly vehicles to insure in North Carolina.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,561 |
| Ford Escape Limited 2WD | $1,594 |
| Honda Accord EX-L 4-Dr Sedan | $1,695 |
| Toyota Prius | $1,731 |
| Honda CR-V EX-L 4WD | $1,747 |
| Dodge Grand Caravan Crew | $1,882 |
| Chevrolet Impala LS | $1,936 |
| Ford Edge Sport AWD | $1,950 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,974 |
| Toyota Corolla XRS | $1,985 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,995 |
| Dodge Ram Crew Cab ST 4WD | $2,009 |
| Ford Explorer Eddie Bauer AWD | $2,011 |
| Toyota RAV4 Limited 4WD | $2,014 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $2,021 |
| GMC Sierra 3500HD SLE Crew Cab 2WD | $2,027 |
| Ford Focus SEL 4-Dr Sedan | $2,047 |
| Hyundai Sonata SE 4-Dr Sedan | $2,077 |
| Honda Odyssey EX-L W/Rear Entertainment | $2,084 |
| Toyota Tacoma X-Runner 2WD | $2,090 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,089 |
| Toyota Camry Hybrid | $2,113 |
| Chevrolet Silverado LS Crew Cab 4WD | $2,158 |
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Above prices assume single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in vehicle location which can affect auto insurance rates significantly.
Based on these rates, cars like the Hyundai Elantra, Ford Escape, and Honda Accord are likely to be a few of the cheapest vehicles to insure after a few driving violations.
How careless driving impacts auto insurance rates
In a perfect world, the ideal way to snag cheap auto insurance rates after a few driving violations is to be a cautious driver and not get tickets or have accidents. The chart below shows how violations and accident claims impact yearly insurance costs for different categories of driver ages. The premiums assume a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
In the prior example, the average cost of an auto insurance policy per year with no violations or accidents is $1,952. Factor in two speeding tickets and the average cost increases to $2,592, an increase of $640 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of auto insurance after a speeding ticket increases to an average of $4,847. That’s an increase of $2,895, or $241 per month, just for not keeping your driving record clean!
How to get discounts on Durham insurance
Auto insurance companies that provide policies after a speeding ticket may have rate discounts that could lower prices by as much as 25% or more if you qualify. The best auto insurance companies and some of the premium reductions they offer are shown below.
- State Farm may include discounts for Steer Clear safe driver discount, passive restraint, good student, Drive Safe & Save, defensive driving training, and accident-free.
- American Family has discounts for Steer into Savings, bundled insurance, TimeAway discount, air bags, mySafetyValet, good driver, and multi-vehicle.
- AAA policyholders can earn discounts including anti-theft, good student, AAA membership discount, good driver, multi-car, and pay-in-full.
- GEICO discounts include good student, multi-policy, air bags, multi-vehicle, daytime running lights, anti-theft, and defensive driver.
- Mercury Insurance includes discounts for type of vehicle, anti-theft, annual mileage, accident-free, good student, and good driver.
- Farmers Insurance has savings for distant student, alternative fuel, bundle discounts, business and professional, mature driver, and good student.
- Progressive may offer discounts for homeowner, continuous coverage, good student, online signing, online quote discount, multi-vehicle, and multi-policy.
The information below shows the difference between auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no at-fault accidents and two violations, North Carolina state minimum liability limits, comprehensive and collision 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, multiple policy, multiple vehicle, continuous coverage, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance after a speeding ticket is 28% or $708.
Why you should be shopping around
North Carolina auto insurance rates are calculated based on many things that will increase or decrease the price you pay. Simply improving your credit, buying a different vehicle, or having an accident can trigger changes in premium that can now make some companies cheaper than others.
Not only may your situation change, but car insurance companies change rates as needed to reflect underwriting profits or losses. A period of higher than normal claims may result in a rate increase, while less frequent claims can produce cheaper Durham car insurance rates.
To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Durham, NC for a 30-year-old female driver with a good driving record, no prior claims, and excellent credit. When quoting prices based on her personal profile, Utica National might offer the cheapest car insurance rates in Durham at $750 per year. This is $122 less than the average price paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Penn National, and Liberty Mutual are also on the list of the top five cheapest Durham, NC auto insurance companies.
Now let’s give the driver from the first rate comparison a claim or two, slightly worse credit, and a speeding ticket. Because each insurer uses a different method for setting rates, getting updated rate quotes may result in a slightly different list of the cheapest car insurance companies in Durham as shown below.
GEICO now has the best price on car insurance in Durham with State Farm, Auto-Owners, Progressive, and National General now rounding out the top five. This shows why it is so important to shop around to get affordable insurance quotes after a speeding ticket. Prices are made up of many factors and can change without notice, so the lowest-price company when you bought your policy may now be one of the higher cost companies.
If you have questions and prefer to get some guidance when comparing insurance rates after a few driving violations, the agents below can help you determine which is the best policy. To locate an agency closest to you, click the button below the list.
- Bowen Agency, Inc.
4905 Pine Cone Dr Suite 5 – Durham, NC 27707 – (919) 929-4222 - Ken Carver – State Farm Insurance Agent
2905 Guess Rd #2 – Durham, NC 27705 – (919) 471-0011 - Allstate Insurance Agent: Tae Kim
4837 Hwy Nc 55 10B – Durham, NC 27713 – (919) 560-9000
View more Durham, NC insurance agents
How to find budget-friendly insurance after a speeding ticket
The list below summarizes many penny-pinching suggestions that can help North Carolina drivers buy cheaper coverage.
- Clean up your credit rating
- Violations and traffic tickets increase rates
- Safe vehicles generally have lower rates
- Full coverage may not be needed on older vehicles
- Increase deductibles to save money
- Do not get into accidents that are your fault
- Compare prices as often as possible
The last idea is very valuable, as was discussed in this piece. Car insurance prices in Durham can change considerably in a year, so drivers shouldn’t be resistant to change to a new company if a better rate can be found.
We understand brand loyalty, but it’s not recommended if that devotion results in you overpaying money that could be spent on other things. Now is a great time to compare prices to find cheaper auto insurance after a speeding ticket.