For drivers on welfare, one of the more important considerations that are used to help calculate the amount you pay each year for auto insurance is where you keep your car in Durham. Areas with more people or even just a higher incidence of claims tend to pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The table below lists the most expensive areas in North Carolina for welfare recipients to buy auto insurance in. Durham shows up at #6 with a yearly premium of $773 for the average policyholder, which is around $64 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $864 |
| 3 | Charlotte | $816 |
| 4 | Gastonia | $811 |
| 5 | Greensboro | $779 |
| 6 | Durham | $773 |
| 7 | Raleigh | $767 |
| 8 | Cary | $765 |
| 9 | Goldsboro | $765 |
| 10 | Wilmington | $765 |
| 11 | Huntersville | $742 |
| 12 | High Point | $731 |
| 13 | Indian Trail | $731 |
| 14 | Greenville | $730 |
| 15 | Apex | $725 |
| 16 | Wilson | $724 |
| 17 | Rocky Mount | $718 |
| 18 | Hickory | $711 |
| 19 | Salisbury | $705 |
| 20 | Chapel Hill | $703 |
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Price information shown is comparative as the specific Durham residence address can affect prices substantially.
The vehicle that is being insured is probably the biggest factor when consumers are trying to find the most affordable coverage for welfare recipients. Vehicles with higher performance, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.
The information below illustrates insurance rates for a handful of the more affordable vehicles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,145 |
| Honda CR-V EX 2WD | $1,252 |
| Honda Accord EX 4-Dr Sedan | $1,293 |
| Ford F-150 STX Super Cab 4WD | $1,307 |
| Chevrolet Impala LS | $1,329 |
| Chevrolet Equinox LT 2WD | $1,355 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,370 |
| Dodge Grand Caravan SXT | $1,379 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,428 |
| Toyota Corolla LE | $1,435 |
| Toyota Prius | $1,430 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,452 |
| Jeep Grand Cherokee Limited 2WD | $1,459 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,452 |
| Chevrolet Silverado LS Extended Cab 2WD | $1,457 |
| Ford Edge Limited 2WD | $1,454 |
| Dodge Ram Crew Cab SLT 2WD | $1,476 |
| Ford F-350 Super Cab Cabela Package 2WD | $1,478 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,512 |
| Ford Focus SES 2-Dr Coupe | $1,524 |
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific garaging location which can lower or raise premium rates considerably.
Looking at the rates, we can conclude that vehicles like the Ford Escape, Honda CR-V, and Honda Accord will be a few of the cheapest vehicles to insure for drivers on welfare.
Figuring out which companies have the most affordable auto insurance rates for welfare recipients may require more work in order to find coverage that fits your budget. Each auto insurance company used slightly different criteria to set premium rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Durham.
Best Auto Insurance Prices in North Carolina
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $636 |
| 3 | Liberty Mutual | $700 |
| 4 | Penn National | $717 |
| 5 | Titan | $729 |
| 6 | NC Farm Bureau | $737 |
| 7 | State Farm | $749 |
| 8 | GEICO | $750 |
| 9 | Auto-Owners | $852 |
| 10 | Allied | $901 |
| 11 | National General | $917 |
| 12 | Erie | $922 |
| 13 | Travelers | $927 |
| 14 | Nationwide | $1,001 |
| 15 | Peerless | $1,002 |
| 16 | MetLife | $1,007 |
| 17 | Unitrin | $1,012 |
| 18 | Allstate | $1,054 |
| 19 | Safeco | $1,066 |
| 20 | Encompass | $1,073 |
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Progressive may offer some of the best car insurance rates in Durham at around $632 each year. This is $240 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and Titan would also be considered some of the best Durham, NC car insurance companies.
In the rate table above, if you currently have a policy with Titan and switched to Utica National, you might realize an annual savings of upwards of $93. Drivers with NC Farm Bureau may save as much as $101 a year, and State Farm insureds might reduce prices by as much as $113 a year.
To discover how much you can save, click here or visit any of the low-priced companies below.
Understand that those prices are averaged for all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for welfare recipients. So the car insurance company that fits your needs best may not even be in the top 20 companies in the list above. That’s why you need to compare as many prices as possible using your own driver data and vehicle information.
The example below demonstrates how deductible levels can change insurance premiums when researching cheap insurance for welfare recipients. The information is based on a single male driver, full coverage, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could cut expenses by $278 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $416 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could drop their prices $924 every year by choosing larger deductibles on their policy. When using a larger deductible, it is a good idea to have enough spare savings to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Safe drivers pay less for auto insurance
The best way to find the best auto insurance prices in North Carolina for drivers on welfare is to be an attentive driver and not get tickets or have accidents. The example below demonstrates how speeding tickets and at-fault claims raise insurance prices for different ages of insureds. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The data above shows the average cost of a car insurance policy in North Carolina per year with no accidents and a clean driving record is $1,108. Add in one speeding ticket and the average cost rises to $1,287, an increase of $179 each year. Next add two accidents along with the one speeding ticket and the yearly cost of auto insurance for welfare recipients goes up to an average of $2,799. That’s an increase of $1,691, or $141 per month, just for not maintaining a clean driving record!
The importance of comparing Durham car insurance rates
Durham, NC auto insurance rates are influenced by many factors that can increase the cost of coverage. Improving your credit rating, marrying your spouse, or having a fender bender can trigger changes in premium that can now make some companies more affordable than before.
Not only may things change on your end, but insurers modify rates as often as every quarter to ensure their profitability. A period of higher than normal claims may cause more expensive premiums, while lower claims may produce lower-priced Durham car insurance rates.
To illustrate this example, the bar chart below shows rates for the cheapest car insurance in Durham, NC for a 30-year-old male driver with a good driving record, no prior claims, and solid credit. When quoting prices based on his current risk factors, Progressive may have the most affordable car insurance rates in Durham at $785 per year. This is $87 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National round out the rest of the top five cheapest Durham, NC auto insurance companies.
In this example, we will give the driver from above an at-fault accident, poor credit, and a traffic citation. Due to the fact that every auto insurer uses their own method for setting rates, analyzing rate quotes will most likely result in a different set of the cheapest car insurance companies in Durham as shown below.
Titan now has the best insurance rate in Durham with State Farm, Auto-Owners, National General, and Utica National now rounding out the top five. This demonstrates why it is crucial to shop around when trying to get cheap insurance rates for welfare recipients.
Insurance rates are determined by many factors and can change without notice, so the lowest-price company the last time you checked may now be quite expensive.