One of the more important components that help determine the amount you pay for auto insurance is where you normally keep your vehicle in Raleigh. Areas with a lot of weather claims or more people tend to pay more, whereas areas that tend to be more rural tend to receive cheaper rates.
The table below sorts the highest-priced places in North Carolina for state employees in which to purchase auto insurance. Raleigh comes in at #8 with the yearly price of $767 for the average insurance policy, which is approximately $64 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Jacksonville | $900 |
| 2 | Fayetteville | $896 |
| 3 | Charlotte | $832 |
| 4 | Gastonia | $811 |
| 5 | Durham | $797 |
| 6 | Wilmington | $788 |
| 7 | Greensboro | $779 |
| 8 | Raleigh | $767 |
| 9 | Cary | $765 |
| 10 | Greenville | $760 |
| 11 | Goldsboro | $758 |
| 12 | Huntersville | $742 |
| 13 | Rocky Mount | $740 |
| 14 | Wilson | $732 |
| 15 | Hickory | $732 |
| 16 | Indian Trail | $731 |
| 17 | Apex | $725 |
| 18 | High Point | $723 |
| 19 | Winston Salem | $709 |
| 20 | Chapel Hill | $696 |
| Quote Best Rates Go | ||
Premium costs are approximated as the specific Raleigh residence address can affect premium rates substantially.
Determining which companies quote the lowest-priced insurance rates for state employees will take more work in order to find a policy that fits your budget. Each company uses their own method to establish rates, so let’s examine the most budget-friendly insurance companies in Raleigh, NC.
It’s important that readers know that North Carolina insurance rates are based on many factors which can substantially decrease or increase the price of your policy. Improving your credit rating, buying a home, or getting a few speeding tickets can trigger rate changes that can cause some rates to be more affordable than before.
Lowest Insurance Price Quotes in North Carolina
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $651 |
| 2 | Utica National | $655 |
| 3 | Liberty Mutual | $721 |
| 4 | Penn National | $725 |
| 5 | NC Farm Bureau | $737 |
| 6 | GEICO | $750 |
| 7 | Titan | $751 |
| 8 | State Farm | $756 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $890 |
| 11 | Allied | $892 |
| 12 | Travelers | $927 |
| 13 | Erie | $931 |
| 14 | Peerless | $992 |
| 15 | Nationwide | $1,031 |
| 16 | Unitrin | $1,032 |
| 17 | MetLife | $1,038 |
| 18 | Safeco | $1,044 |
| 19 | Encompass | $1,073 |
| 20 | Allstate | $1,097 |
| Find Cheaper Rates Go | ||
Progressive generally has some of the most affordable car insurance rates in Raleigh at around $651 annually. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau are also some of the cheaper Raleigh, NC insurance companies.
In this example, if you are a customer of NC Farm Bureau and switched to Utica National, you could earn a yearly price reduction of approximately $82. Customers with GEICO might save as much as $95 a year, and Titan insureds might reduce rates by $96 a year.
Understand that those estimates are averaged across all insureds and vehicles and are not factoring in a vehicle location for state employees. So the insurer that can offer you the best rate may not even be in the top 20 companies in the list above. That underscores the importance of why you need to get rate quotes using your own personalized driver profile and vehicle information.
The diagram below shows how different deductible levels can raise or lower insurance premiums when searching for cheap insurance for state employees. The rate quotes are based on a single female driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower their policy premium by $304 a year by increasing from a $100 deductible to a $500 deductible, or save $460 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, can save $684 or more by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it is necessary to have spare funds to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
How accidents and tickets impact rates
The best way to obtain the best insurance premiums for state workers is to be a cautious driver and not have accidents or get tickets. The information below demonstrates how citations and at-fault collisions influence insurance costs for each different age category. The data assumes a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of an auto insurance policy in Raleigh per year with no accidents and a clean driving record is $1,086. Get one speeding ticket and the average cost increases to $1,231, an increase of $145 each year. Now add one accident along with the one speeding ticket and the annual cost of insurance for state employees jumps again to an average of $1,632. That’s an increase of $546, or $46 per month, just for not maintaining a clean driving record!
Your cheap policy may actually be overpriced
Raleigh insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Getting older, having a teen driver, or having a fender bender can cause premium changes that can now make some companies cheaper than others.
Not only that, but auto insurance companies change the rates they charge in North Carolina every year in order to be able to pay unexpected claims. An unexpected high level of claims can cause higher prices, while profitable underwriting may cause lower-priced Raleigh car insurance rates.
As an example, the bar chart below demonstrates which company has the cheapest car insurance in Raleigh, NC for a 35-year-old male driver with a clear driving record, no claims, and a high credit rating. If we estimate prices based on his current risk factors, Progressive may offer the most affordable car insurance rates in Raleigh at $725 each year. This is $147 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Penn National, Liberty Mutual, and GEICO also make the list of the most affordable Raleigh, NC auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim or two, a lower credit score, and a blemish on his driving record. Because every insurance company uses their own method for setting rates, comparing insurance quotes could now result in a completely different list of companies as shown below.
Titan now has the cheapest price in Raleigh, NC with State Farm, Auto-Owners, Allied, and Travelers now rounding out the top five. This demonstrates why it is important to do a thorough rate comparison to get cheap auto insurance quotes for state employees. Car insurance prices can be altered by many different factors and can decrease or increase without notice, so the best option the last time you checked may now be quite expensive.
If you have questions and prefer to have professional advice when trying to find the best insurance rates for state employees, the agents listed below are a good start to help you decide which car insurance policy is best.
To locate a Raleigh insurance agent closest to you, click the link at the bottom.
- ACF Insurance Services, Inc.
4634 Capital Blvd – Raleigh, NC 27604 – (919) 878-7786 - Carolina Capital Insurance Group
1100 Logger Ct., Bldg. D-101 – Raleigh, NC 27609 – (919) 747-9002 - Blackmon Insurance
3416 Poole Rd # 110 – Raleigh, NC 27610 – (919) 231-8131