Cheapest car insurance in Durham

 Car insurance in Durham costs an average of $1,263 per year for a full coverage policy and $423 for a minimum coverage policy. Durham car insurance is slightly less expensive than the state average, which is $1,325 per year for a full coverage policy. North Carolina's average rate is 2% higher than the national average rate of $1,674 per year in the United States.

Every car insurance company in Durham has advantages and disadvantages. Geico and State Farm, for example, have the lowest premiums but the most limited coverage options. Although Erie's policies are among the most comprehensive, it does not provide as many discounts as some of its competitors. Furthermore, Erie is the only company on this list that does not have a safe driver reward programme based on telematics.

Another factor to consider is these companies' third-party ratings. Every company is considered stable in terms of financial strength, which means it is not in danger of going bankrupt. Customer satisfaction ratings, on the other hand, are mixed. J.D. Power ranks Geico and Erie as above average, while State Farm, Nationwide, and Allstate rank below average.

Insurance requirements in Durham

 

Every licenced driver in Durham is required to carry a minimum amount of car insurance. Drivers in North Carolina are required to have at least 30/60/25 liability insurance, which includes the following coverage: 

Per person, bodily injury liability coverage of $30,000 is provided.

 

Per accident, bodily injury liability coverage of $60,000 is provided.

 

Property damage liability coverage of $25,000 per accident

Drivers looking for the cheapest car insurance in North Carolina can get the best deal by purchasing a policy with the bare minimum of coverage. However, this is not always advisable. 

The bare minimum of car insurance in Durham may not cover the full cost of an at-fault accident. If the damages exceed your policy limit, you must pay the difference yourself. Furthermore, drivers who lease or finance their vehicle are typically required to maintain a full coverage policy in order to reduce the lender's risk.

Durham car insurance discounts

 

Most Durham insurance companies provide discounts to help drivers save money on their coverage. Here are a few examples of common discounts that you can take advantage of: 

Claim-free discount: Drivers with no recent claims on their record are usually eligible for a lower rate.

 

Good student discount: Students in high school and college who maintain a minimum GPA can frequently get a lower rate.

 

Pay in full discount: Most car insurance companies will give you a slightly lower rate if you can afford to pay your annual premium in full.

Discount for AutoPay: Enrolling in automatic payments can sometimes help you save money on your policy.

 

In addition to these discounts, North Carolina drivers can reduce their premium by improving their credit score, which has the greatest impact on your premium. You can also choose to increase your deductible to get a lower monthly rate.