Who Has the Cheapest Auto Insurance for Teenagers in Durham?

One of the many considerations that are looked at to help calculate the price you pay for insurance is where you live. Larger areas tend to have higher auto insurance costs, whereas less populated areas have the benefit of cheaper auto insurance prices.

The table below ranks the most expensive places in North Carolina for teenagers in which to buy car insurance. Durham is ranked at #4 with a yearly cost of $789 for the average insurance policy, which is about $66 monthly.

Rates are estimated as specific Durham zip code can lower or raise prices greatly.

Comparing quotes for cost effective auto insurance is not the easiest thing to accomplish, and deciding which company offers the cheapest auto insurance rates for teenagers may require additional perseverance.

Each insurance company uses slightly different criteria to determine rates, so first let’s look at the rankings for the auto insurance companies with the overall best prices in North Carolina. We do need to point out that Durham, NC auto insurance rates are influenced by many factors which can substantially change the price you pay for coverage. This price variability is why consumers need to take the time to take the time to shop around when trying to find cheap car insurance rates for teenagers. Prices are calculated by many factors and change dramatically, so the most affordable company two years ago may now be an over-priced policy.

Best Insurance Companies for Teens

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Utica National may have some of the best car insurance rates in Durham at around $636 each year. Progressive, Liberty Mutual, NC Farm Bureau, and GEICO also are some of the most economical Durham, NC insurance companies.

As the example above demonstrates, if you are a customer of Liberty Mutual and switched to Utica National, you could realize yearly savings of about $85. Insureds with NC Farm Bureau may save as much as $94 a year, and GEICO policyholders might reduce rates by $106 a year.

Understand that those prices are averages for all drivers and vehicles in North Carolina and and are not calculated with an exact vehicle garaging location for teenagers. So the car insurance company that fits your needs best may not even be in the list above. That’s why you need to get quotes using your own personalized driver profile and vehicle information.

The illustration below shows how different deductible levels can affect insurance premiums when researching cheap insurance for teenagers. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

In the chart above, a 30-year-old driver could cut expenses by $226 a year by increasing from a $100 deductible up to a $500 deductible, or save $340 by using a $1,000 deductible. Even younger insureds, like the 20-year-old, could possibly save up to $502 each year just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it will be required to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.

Drive safe and save

The common sense way to obtain cheap auto insurance rates in Durham for teen drivers is to drive safely and avoid tickets and accidents. The example below demonstrates how speeding tickets and at-fault claims drive up insurance costs for each different age group. The costs are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are applied.

In the previous example, the average cost of car insurance in Durham per year with a clean driving record and no accidents is $1,360. Get two speeding tickets and the average cost surges to $1,827, an increase of $467 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for teenagers increases to an average of $3,483. That’s an increase of $2,123, or $177 per month, just for not being a responsible driver!

How to find the cheapest auto insurance for teenagers

Below you’ll find a few money-saving suggestions that can help drivers find low-cost car insurance.

• Pay for smaller claims out-of-pocket
• Do not get tickets
• Increase your credit rating
• Maintain a safe distance and avoid accidents
• The safer your car, the less it costs to insure
• Shop around for cheaper prices

The last suggestion is extraordinarily significant, as we emphasized in this write-up. Car insurance prices go up and down frequently, so don’t be afraid to switch companies if a lower price can be found.

We understand brand loyalty, but it isn’t a good idea if that dedication is costing lots of money. It only take a few minutes to compare rates to find cheaper car insurance for teenagers in Durham.

If you aren’t sure which coverage you need and prefer to have a consultation when trying to find the best insurance rates for teenagers, the agents listed below are willing to answer your questions and help you decide which car insurance policy is best.

To find a Durham insurance agent closest to you, click the link at the bottom.

View map of Durham, NC insurance agents