Shopping around for affordable insurance is challenging, and figuring out which company has the most affordable auto insurance rates for nurses requires even more shopping around.
Each insurer uses slightly different criteria for filing rates in each state, so first let’s look at the rankings for the auto insurance companies that tend to have lower prices in Durham. We do need to point out that Durham auto insurance rates are impacted by many things that will increase or decrease the cost of a policy. Simply improving your credit, buying a home, or getting a reckless driving citation can trigger price changes that may make certain companies more affordable than before.
Best Car Insurance Prices for Health Occupations
Utica National quotes some of the best car insurance rates in Durham at around $636 each year. This is $236 less than the average premium paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, GEICO, and Liberty Mutual are also some of the cheapest Durham, NC auto insurance companies.
As the rates illustrate above, if you are insured with Progressive and switched to Utica National, you might achieve annual savings of around $15. Customers with NC Farm Bureau might save as much as $73 a year, and GEICO customers might reduce prices by as much as $84 a year.
These estimates are averaged for all insureds and vehicles and do not factor in a specific location for nurses. So the insurer that can offer you the best rate may not even be in the top 20 companies in the list above. That point stresses why you need to get auto insurance quotes using your own individual information.
The vehicle model driven is one of the largest considerations that determines if you can find cheap insurance for nurses. Vehicles with lots of speed or power, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than safer models.
The next table features car insurance premiums for some of the cheapest automobiles to insure in North Carolina.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,228 |
| Dodge Grand Caravan SE | $1,259 |
| Ford Escape XLT 2WD | $1,269 |
| Honda CR-V EX-L 2WD | $1,302 |
| Chevrolet Impala LT | $1,331 |
| Ford Explorer Limited 4WD | $1,357 |
| Toyota Camry XLE | $1,403 |
| Hyundai Elantra SE 4-Dr Sedan | $1,412 |
| Toyota Prius | $1,408 |
| Toyota Corolla XRS | $1,429 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,446 |
| Toyota RAV4 Sport 2WD | $1,455 |
| Chevrolet Equinox LT 2WD | $1,463 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,484 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,491 |
| Chevrolet Malibu LT | $1,534 |
| Dodge Ram Crew Cab Sport 4WD | $1,546 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,558 |
| Honda Civic DX 2-Dr Coupe | $1,567 |
| Ford F-150 Lariat King Ranch 2WD | $1,565 |
| Ford Edge Sport 2WD | $1,570 |
| Honda Odyssey EX-L | $1,578 |
| Ford F-250 King Ranch Crew Cab 2WD | $1,596 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in vehicle garaging location which can increase or decrease coverage prices greatly.
Based on these rates, you can figure that cars like the Honda Accord, Dodge Grand Caravan, and Ford Escape will be some of the cheaper vehicles to insure for health professionals.
Get discounts on Durham insurance
Insurance providers that provide coverage for nurses may also offer discounts that can reduce rates by 25% or more if you meet specific eligibility requirements. Large auto insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm includes discounts for passive restraint, driver’s education, defensive driving training, good student, anti-theft, and multiple policy.
- American Family policyholders can earn discounts including Steer into Savings, accident-free, bundled insurance, multi-vehicle, good driver, and early bird.
- AAA may offer discounts for pay-in-full, good student, good driver, multi-car, and anti-theft.
- GEICO offers discounts for good student, military active duty, daytime running lights, anti-theft, defensive driver, five-year accident-free, and multi-vehicle.
- Mercury Insurance has discounts for location of vehicle, professional/association, multi-car, anti-theft, and accident-free.
- Farmers Insurance has savings for pay in full, business and professional, good student, multi-car, homeowner, alternative fuel, and early shopping.
- Progressive may include discounts for homeowner, online signing, multi-policy, multi-vehicle, good student, and online quote discount.
The chart below shows the difference between insurance premiums with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or violations, North Carolina state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with defensive driving course, safe-driver, accident-free, homeowner, vehicle safety, and multiple vehicle discounts applied. When discounts are applied, theamount saved on auto insurance for nurses is 28% or $533.
The illustration below highlights how deductible selection can impact yearly insurance costs when searching for cheap insurance for nurses. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could save $174 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $262 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save up to $578 each year just by choosing higher deductibles when buying full coverage.
When raising deductibles, it is important to have enough funds in savings to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
The importance of shopping around
Durham, NC auto insurance rates are based on many factors which can significantly increase or decrease the price of coverage. Simply getting older, buying a home, or getting a ticket for careless driving can produce rate changes resulting in some rates now being cheaper in comparison to the competition.
And not only may your rating factors change, but insurers amend pricing every year in order to be able to pay unexpected claims. Higher than normal claim frequency or severity may result in additional price hikes, while a profitable period may cause lower-priced Durham car insurance rates.
The bar chart below shows the cheapest car insurance in Durham, NC for a 45-year-old female driver with no accidents or violations, and good credit. When comparing rates based on her personal risk profile, Progressive has the most affordable car insurance rates in Durham at $763 annually. This is $109 less than the average premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO round out the rest of the most affordable Durham, NC auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison a claim, a little lower credit rating, and a speeding citation. Because every insurance company has a different process for determining rates in each state, comparing insurance quotes may now show a different list of the cheapest Durham car insurance companies as shown below.
State Farm now has the cheapest price in Durham, NC with Titan, Auto-Owners, National General, and Allied now being in the top five. This shows why it is critical to shop around when trying to find the best insurance rates for nurses. Insurance rates are made up of many risk factors and change substantially, so the lowest-price company a year ago may now be costing you a lot of money.