You are legally required to have car insurance if you are one the 7,025,333 licensed drivers of North Carolina. Your city is one of the factors that affects how much car insurance costs. According to Bankrate’s 2021 study on annual premiums, the average cost of car coverage in Durham is $423.
There are many options for Durham drivers when it comes to car insurers, but not all providers offer the same level of service. We compared the top car insurers in North Carolina and determined which ones were the most affordable.
The best car insurance companies Durham
Our top picks for car insurance in Durham include State Farm, Geico and North Carolina Farm Bureau. Erie, Progressive, and Erie. These companies offer reliable coverage options, affordable rates and good discounts. J.D. rates many of these companies above average in customer satisfaction. Power
Geico
J.D. rates Geico highly for customer satisfaction. The Southeast region includes North Carolina has the most power. Geico is an excellent option for Durham drivers who only require basic coverage and want the lowest rate. Geico offers many discounts, including savings for military personnel and federal employees. However, the coverage options are very limited.
State Farm
State Farm has the highest number of drivers insurance companies. State Farm is highly recommended by Durham drivers because of its affordable premiums and two safety driver discount programs. Enrolling in the Steer Clear program can save young drivers up to 15%, while drivers over 25 years old can save as much as 30% with the Drive Safe & Save Program.
North Carolina Farm Bureau
North Carolina Farm Bureau is another high-rated North Carolina insurance provider. It is well-known for its exceptional customer service and reliable coverage. You must be a Farm Bureau Member to receive coverage in North Carolina. This requires an annual fee. Farm Bureau members get other perks like discounts on hotel rooms or free banking services.
Erie
J.D. rated Erie as the second-highest rated insurance company in terms of overall customer satisfaction. Power’s 2020 U.S. Auto Insurance Study: Southeast Region. Durham drivers can obtain an affordable rate with Erie without having to sacrifice coverage. Erie has a variety of unique perks, including a rate lock guarantee and first accident forgiveness.
Progressive
Progressive doesn’t have the highest overall customer satisfaction score and its average rates tend to be higher than average. Progressive is an excellent choice for Durham drivers who are purchasing car insurance for their first time. Progressive’s Name Your Pricing Tool can help you find policies that fit your budget. You can also compare Progressive’s rates with other companies on its website. Progressive also offers some the most competitive discounts in the business.
Durham has the lowest car insurance
The average cost for car insurance in Durham for full coverage is $1,263 per annum and $423 for minimum coverage. Durham’s average rate for car insurance is $1,325/year for a full coverage policy. This is slightly lower than the North Carolina average rate of $1,325/year. The average North Carolina rate is 22% higher than that of the $1,674/year national average rate.
It is important to compare rates across multiple providers before you decide on a provider. Below is a list of companies that offer Durham car insurance at the lowest prices.
Each car insurance company in Durham is different. Geico and State Farm have the lowest premiums but very limited coverage options. Erie has some of the strongest policies, but does not offer as many discounts than its competitors. Erie is also the only company that doesn’t offer a safe driver reward program that is telematics-based.
You should also consider the ratings of these companies by third parties. Every company is considered to be stable in terms of financial strength. This means that they are not at high risk of going bankrupt. The customer satisfaction ratings are not all that great. J.D. rates Geico and Erie above average. Power is rated above average by J.D., while Allstate, Nationwide, State Farm and Nationwide are below average.
Durham insurance requirements
Drivers who drive a car in Durham must have minimum coverage. North Carolina’s car insurance laws require drivers to have minimum 30/60/25 coverage. This includes the following:
- $30,000 per person in bodily injury liability insurance
- $60,000 per accident in bodily injury liability coverage
- $25,000 per accident in property damage liability coverage
A minimum coverage policy can be purchased by drivers who want the lowest car insurance in North Carolina. This is not recommended.
A minimum amount of Durham car insurance may not be enough to cover all the costs of an at-fault incident. You will have to pay out-of-pocket for any damages that exceed your policy limits. To reduce the risk of the lender, all drivers who lease or finance their vehicle must have a full coverage policy.
Durham: Car insurance discounts
Many insurance companies in Durham offer discounts to help drivers save money on their policy. These are some common discounts that you might be able to take advantage of.
- Discount for drivers who don’t have any claims in the past usually qualify for a lower rate.
- Student discount: Students in high school or college who have a minimum GPA may be eligible for a reduced rate.
- You can get a discount if you pay the entire premium. Most car insurance companies will offer a slightly lower rate if you are able to.
- AutoPay Discount: You can sometimes save money by enrolling in automatic payments
These discounts are not the only way North Carolina drivers can save on their premium. They can also improve their credit score which will have one of your biggest impact on your premium. To get a lower monthly rate, you can also increase your deductible.
Questions frequently asked
Which is the best auto insurance company?
Everybody has a different opinion on the best auto insurance company. Your personal criteria will determine what makes an insurance company great, such as price, customer service, or discounts.
What amount of Durham car insurance do you need?
Durham drivers must have at least 30/60/25 liability coverage. It is worth considering increasing your coverage to provide more protection or purchasing a comprehensive policy that covers your vehicle.
