The words “affordable” and “auto insurance” probably shouldn’t be used in the same sentence, specifically when looking for the lowest insurance prices for unemployed drivers. To help control this cost, let’s lead off by showing you a few of the factors that can significantly affect car insurance rates, and find out if you can take the bite out of the next policy you buy.
One of the more important factors that aid in calculating the amount you pay for auto insurance is where you call home in Durham. Regions with more people or even just more weather-related claims tend to have higher auto insurance costs, whereas areas with less congestion have the benefit of cheaper car insurance.
The illustration below ranks the priciest cities in North Carolina for unemployed drivers in which to purchase auto insurance. Durham shows up at #6 with an annual cost of $765 for car insurance, which is about $64 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Fayetteville | $905 |
| 2 | Jacksonville | $873 |
| 3 | Gastonia | $811 |
| 4 | Charlotte | $808 |
| 5 | Greensboro | $786 |
| 6 | Durham | $765 |
| 7 | Goldsboro | $765 |
| 8 | Wilmington | $765 |
| 9 | Greenville | $760 |
| 10 | Huntersville | $756 |
| 11 | Cary | $749 |
| 12 | Apex | $747 |
| 13 | Wilson | $746 |
| 14 | High Point | $745 |
| 15 | Raleigh | $744 |
| 16 | Hickory | $732 |
| 17 | Rocky Mount | $726 |
| 18 | Indian Trail | $723 |
| 19 | Chapel Hill | $717 |
| 20 | Winston Salem | $716 |
| 21 | Salisbury | $712 |
| 22 | Kannapolis | $697 |
| 23 | Burlington | $692 |
| 24 | Concord | $690 |
| 25 | Asheville | $661 |
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Price information shown is approximated as specific Durham garaging address can revise rates significantly.
Establishing which companies offer the best auto insurance rates for unemployed drivers involves a tad more effort in order to find the best price. Each company uses a slightly different approach for filing rates in each state, so let’s look at the rankings for the most budget-friendly auto insurance companies in North Carolina.
It’s a good idea to be aware that Durham, NC auto insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay for coverage. Simply having a birthday, buying a home, or getting caught speeding can trigger rate changes resulting in some companies being cheaper in comparison to the competition.
Find the Best Cheap Insurance for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $636 |
| 2 | Progressive | $658 |
| 3 | NC Farm Bureau | $709 |
| 4 | GEICO | $720 |
| 5 | Liberty Mutual | $721 |
| 6 | Titan | $737 |
| 7 | Penn National | $747 |
| 8 | State Farm | $749 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $908 |
| 11 | Allied | $928 |
| 12 | Erie | $931 |
| 13 | Travelers | $936 |
| 14 | Peerless | $992 |
| 15 | MetLife | $1,018 |
| 16 | Nationwide | $1,031 |
| 17 | Safeco | $1,034 |
| 18 | Unitrin | $1,042 |
| 19 | Allstate | $1,054 |
| 20 | Encompass | $1,073 |
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Utica National normally has some of the best car insurance rates in Durham at around $636 per year. This is $236 less than the average premium paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, GEICO, and Liberty Mutual also are some of the cheaper Durham, NC auto insurance companies.
In the rate table above, if you are a customer of GEICO and switched to Utica National, you could see annual savings of roughly $84. Insureds with Liberty Mutual could save as much as $85 a year, and Titan insureds might realize rate reductions of up to $101 a year.
To find out how your current rates compare, click here to start your custom quote or visit any of the low-priced companies below.
Bear in mind that those prices are averages across all types of insureds and vehicles and do not take into consideration an exact location for unemployed drivers. So the car insurance company that has the cheapest rates for you may not even be in the top 20 companies shown above. That point stresses why you need to get quotes using your own individual information.
The make and model of vehicle driven is a large consideration that determines if you can find the most affordable auto insurance for unemployed drivers. Vehicles with limited top-end speed, advanced safety features, or a low likelihood of having liability claims will cost much less to insure than higher performance models.
The table below shows car insurance prices for some of the cheapest vehicles to insure in North Carolina.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,057 |
| Ford Escape Limited 2WD | $1,081 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,251 |
| Ford Explorer Limited 2WD | $1,275 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,314 |
| Toyota Corolla S | $1,319 |
| Toyota Prius | $1,345 |
| Toyota Camry Hybrid | $1,431 |
| Chevrolet Malibu LS | $1,436 |
| Toyota Camry LE | $1,444 |
| Toyota RAV4 4WD | $1,436 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,464 |
| GMC Sierra 2500HD SLE Extended Cab 2WD | $1,496 |
| Ford Edge SE AWD | $1,506 |
| Honda Odyssey EX-L W/Navigation | $1,510 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,536 |
| Chevrolet Impala LT | $1,546 |
| Ford F-350 Super Cab Cabela Package 2WD | $1,564 |
| Dodge Ram Crew Cab ST 4WD | $1,569 |
| Dodge Grand Caravan Crew | $1,575 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in specific Durham, NC garaging location which can raise or lower premium rates significantly.
Looking at the rates, we can conclude that cars like the Honda CR-V, Ford Escape, Volkswagen Jetta, and Ford Explorer are going to be a few of the most affordable vehicles to insure for the unemployed.
Safe drivers pay less for auto insurance
The best way to find the most affordable auto insurance rates in Durham for the unemployed is to drive attentively and avoid accidents and traffic violations. The example below highlights how traffic violations and at-fault claims raise insurance premiums for each different age category. The data is based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
In the previous example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,596. Receive one speeding ticket and the average cost jumps to $1,794, an increase of $199 each year. Now add two accidents along with the one speeding ticket and the yearly cost of auto insurance for unemployed drivers goes up to an average of $3,416. That’s an increase of $1,820, or $152 per month, just for not being more responsible behind the wheel!
How to get discounts on Durham car insurance
Insurers that sell policies for unemployed drivers may also provide special discounts that can lower rates by 25% or more if you qualify for them. Popular auto insurance companies and a selection of discounts are shown below.
- GEICO includes discounts for air bags, multi-policy, good student, five-year accident-free, membership and employees, and seat belt use.
- MetLife has savings for multi-policy, claim-free, good driver, accident-free, good student, and defensive driver.
- State Farm offers discounts for multiple autos, safe vehicle, Steer Clear safe driver discount, passive restraint, accident-free, student away at school, and driver’s education.
- Progressive may have discounts that include homeowner, good student, multi-vehicle, online signing, continuous coverage, online quote discount, and multi-policy.
- Mercury Insurance discounts include multi-policy, anti-theft, location of vehicle, low natural disaster claims, and multi-car.
- 21st Century may offer discounts for 55 and older, homeowners, driver training, defensive driver, early bird, and air bags.
- Allstate offers premium reductions for premier plus, anti-lock brakes, farm vehicle, resident student, anti-theft, good payer, and 55 and retired.
The diagram below shows the comparison of premium costs with and without some available policy discounts. The price estimates are based on a female driver, no violations or accidents, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, vehicle safety, multiple policy, safe-driver, anti-theft, and homeowner discounts applied. In this example, the average savings per year on auto insurance for unemployed drivers is 28% or $503.
The information below demonstrates how deductibles can raise or lower insurance prices when researching cheap insurance for unemployed drivers. The premium estimates are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $238 a year by changing from a $100 deductible up to a $500 deductible, or save $358 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could roll back prices as much as $588 every year by choosing a larger deductible amount. When choosing a higher deductible, it is necessary to have enough in a savings account to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.