The words “economical” and “auto insurance” really don’t belong together, especially when shopping around for the best coverage prices with multiple speeding tickets. To help control this cost, let’s teach you some of the factors that impact car insurance rates, and see if we can help you lower the price of your next policy.
Finding out which companies have the most affordable insurance rates with multiple speeding tickets may require a little more effort than just comparing rates from one or two companies. Every insurance company has their own formula to set policy rates, so we will examine the insurance companies that tend to have lower prices in North Carolina.
Best Insurance Companies with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $643 |
| 2 | Progressive | $651 |
| 3 | Liberty Mutual | $721 |
| 4 | GEICO | $728 |
| 5 | NC Farm Bureau | $737 |
| 6 | Penn National | $739 |
| 7 | State Farm | $756 |
| 8 | Titan | $759 |
| 9 | Auto-Owners | $852 |
| 10 | National General | $890 |
| 11 | Erie | $895 |
| 12 | Travelers | $900 |
| 13 | Allied | $901 |
| 14 | Peerless | $992 |
| 15 | Nationwide | $1,041 |
| 16 | Encompass | $1,041 |
| 17 | Unitrin | $1,042 |
| 18 | Safeco | $1,044 |
| 19 | MetLife | $1,049 |
| 20 | Allstate | $1,054 |
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Utica National generally has some of the most affordable car insurance rates in Raleigh at around $643 each year. Progressive, Liberty Mutual, GEICO, and NC Farm Bureau would also be considered some of the more affordable Raleigh, NC insurance companies.
As illustrated above, if you currently have coverage with GEICO and switched to Utica National, you could realize yearly savings of about $85. Policyholders with NC Farm Bureau may save as much as $94 a year, and Penn National customers might lower prices by $96 a year.
It’s important to note that these premiums are averages across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location with multiple speeding tickets. So the insurer that fits you best may not even be in the top 20 companies shown above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.
The make and model of vehicle you are insuring is probably the most important factor when comparing economical insurance with multiple speeding tickets. Vehicles with average performance, modern passenger safety features, or low incidents of liability claims will cost quite a bit less to insure than higher performance models. The data below shows coverage prices for the most budget-friendly automobiles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,572 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,579 |
| Ford Escape Limited 2WD | $1,611 |
| Toyota Tacoma 4WD | $1,618 |
| Ford Edge SE AWD | $1,674 |
| Ford F-150 XLT Super Cab 2WD | $1,715 |
| Toyota Prius | $1,744 |
| Dodge Grand Caravan SE | $1,765 |
| Ford Focus SES 4-Dr Sedan | $1,769 |
| Toyota Camry XLE | $1,801 |
| Toyota Corolla XLE | $1,809 |
| Honda Odyssey EX-L | $1,801 |
| Jeep Grand Cherokee Laredo 4WD | $1,817 |
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Cost estimates assume single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, and multi-policy. Table data does not factor in zip code location which can impact prices considerably.
Looking at the data, models like the Honda CR-V, Chevrolet Silverado, and Ford Escape are likely to be some of the more affordable vehicles to insure after a few driving violations.
Driving violations and accidents
The easiest method to obtain low insurance premiums in North Carolina after a few driving violations is to be a careful driver and have a clean driving record. The information below illustrates how speeding tickets and fender-benders drive up insurance costs for each age group. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
The data above shows the average cost of auto insurance per year with no accidents or violations is $1,474. Add in one speeding ticket and the average cost increases to $1,716, an increase of $242 each year. Then add in one accident along with the one speeding ticket and the yearly cost of insurance with multiple speeding tickets goes up to an average of $2,409. That’s an increase of $936, or $78 per month, just for not driving responsibly!
How to get discounts on Raleigh auto insurance
Insurance providers that sell policies with multiple speeding tickets may provide rate discounts that could potentially reduce rates by 35% or more if you are eligible for them. A list of companies and their offered discounts can be found below.
- State Farm may include discounts for accident-free, good driver, Drive Safe & Save, anti-theft, defensive driving training, multiple autos, and safe vehicle.
- GEICO policyholders can earn discounts including anti-lock brakes, seat belt use, anti-theft, good student, and multi-vehicle.
- Progressive includes discounts for homeowner, good student, online quote discount, multi-policy, online signing, and continuous coverage.
- 21st Century may have discounts that include good student, automatic seat belts, student driver, theft prevention, and teen driver.
- American Family offers discounts for bundled insurance, early bird, good student, air bags, Steer into Savings, accident-free, and multi-vehicle.
- The Hartford has discounts for defensive driver, anti-theft, driver training, good student, and vehicle fuel type.
- AAA offers discounts including multi-car, education and occupation, anti-theft, good student, AAA membership discount, and good driver.
The example below shows the comparison of yearly insurance costs with and without discounts applied to the rates. The premiums are based on a male driver, two traffic citations and no accidents, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, vehicle safety, paperless filing, continuous coverage, multiple vehicle, and passive restraint discounts applied. When discounts are factored in, the average savings per year on insurance with multiple speeding tickets is 28% or $647.
If you have coverage questions and would like to have the advice of a professional agent when buying car insurance after a few driving violations, the insurance agencies listed below can most likely help you determine which car insurance company is the best fit.
To find a Raleigh insurance agency closest to you, click the button link following the list.
- Spurling Cook – State Farm Insurance Agent
7501 Creedmoor Rd #114 – Raleigh, NC 27613 – (919) 676-2502 - Allstate Insurance: Brandon Reece
9204 Falls of Neuse Rd Ste 100 – Raleigh, NC 27615 – (919) 329-2580 - Carolina Capital Insurance Group
1100 Logger Ct., Bldg. D-101 – Raleigh, NC 27609 – (919) 747-9002
More insurance agents in Raleigh, NC
How to find cheaper car insurance with multiple speeding tickets
Below you’ll find some thrifty solutions that can help Raleigh drivers locate cheaper auto insurance.
- Serious violations like DUI or reckless driving can increase rates dramatically
- Avoid having at-fault accidents
- Buying home and auto insurance together can earn discounts
- Buy a vehicle with excellent safety ratings
- Frequent claims may make car insurance unaffordable
- Compare price quotes at least once a year
That last tip is very vital, as was discussed in this article. Insurance rates in Raleigh adjust often, so don’t be hesitant to change to a new company if a better deal can be had.
Brand loyalty is not necessarily bad, but we do not recommend it if it’s costing you major coinage every year. If you have a few minutes, compare rates and find cheaper car insurance with multiple speeding tickets.