Car insurance in Durham costs an average of $776 annually, which is less than the state average. The cheapest insurer for the average driver is State Farm, but MoneyGeek also analyzed the cheapest providers in terms of different driver profiles and coverage levels. For those looking to balance costs and quality service, MoneyGeek also ranked the best providers in Durham.
Compare the Cheapest Car Insurance Quotes in Durham, NC
The Cheapest and Best Car Insurance in Durham
The Cheapest Car Insurance Companies in Durham
The companies with the lowest average rates for a full coverage car insurance policy in Durham are:
- State Farm: $554 per year
- Nationwide: $590 per year
Out of the nine surveyed car insurance companies in Durham, the most affordable company is State Farm. They offer an average annual car insurance premium of $554, which is about 78.8% lower than Progressive, the most expensive insurer in this city.
For this study, MoneyGeek collected average insurance rates in Durham using a sample 40-year-old driver profile with a full coverage policy, which includes both liability and comprehensive and collision insurance.
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Average Cost of Car Insurance in Durham
The average car insurance rate in Durham is $776 per year, which is lower than both the state and national average annual premiums. Generally speaking, drivers in Durham will pay 7.7% less than North Carolina’s average of $841 per year, and 45.5% less than the $1,424 average annual cost of insurance in the United States.
The Best Car Insurance Companies in Durham
For drivers looking to balance costs and quality service, MoneyGeek ranked the best car insurance providers in Durham. According to MoneyGeek’s data, the best options for most drivers are:
- Erie: MoneyGeek score 93 out of 100
- Auto-Owners Insurance Co: MoneyGeek score 90 out of 100
USAA received the highest score in Durham by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To arrive at these final scores out of 100, MoneyGeek used various metrics, including J.D. Power user satisfaction, financial stability and affordability ratings.
Personalized Quotes to Get You the Cheapest Car Insurance in Durham
In addition to location, other factors such as your age, driving record, marital status, make and model of vehicle and coverage level are taken into consideration by car insurance companies in Durham to give you the most accurate quotes that are suited to your individual profile. For example, for an 18-year-old male driver in Durham, State Farm will charge an average of $1,101 per year, which is almost twice as expensive as similar coverage for a 40-year-old driver.
It’s a great idea to regularly request personalized quotes from multiple car insurance companies in Durham, as you may be eligible for promotions or other discounts that can save you money as your personal circumstances change over time.
Shopping around for car insurance in Durham could save you $222, which is enough to buy:
Cheapest Car Insurance in Durham by Coverage Amount
In Durham and elsewhere, how much coverage you choose to buy can have a significant impact on your car insurance prices. For example, a state minimum liability policy costs an average of $397 per year, while a full coverage policy with higher liability limits costs $776 on average. That is a difference of $379.
North Carolina Minimum Liability Requirements
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$30,000 per person, $60,000 per incident and $25,000 for property damage. The minimum coverage may not be enough if you're in a serious accident.
Car insurance quotes in Durham also have limits for each level of coverage. For example, Nationwide offers both 50/100/50 liability-only and full-coverage plans. 50/100/50 coverage means a maximum of $50,000 of medical bills for injuries per person and up to $100,000 per vehicle, together with $50,000 worth of property damage repair.
Nationwide’s 50/100/50 liability-only plan costs an average of $330 per year. The full-coverage plan costs around $225 more, but it may be worth getting, as it also provides financial protection for you and your vehicle.
Not all car insurance companies in Durham have the same price difference between the two coverage options, so it’s best that you regularly request and compare personalized quotes from several insurers to get the best policy suited to your needs.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- 4.North Carolina Farm Bureau$354$393
- Company50 / 100 / 50per year100 / 300 / 100per year
- 4.North Carolina Farm Bureau$608$674
Cheapest Car Insurance in Durham if You Have Driving Violations
Since your driving record can also affect the price of your car insurance policy, the cleaner your record is, the cheaper rates you will pay for your coverage. In Durham, drivers with a speeding ticket on their record will pay an average of $267 more for their State Farm coverage than drivers with a clean record who also have State Farm coverage.
A DUI can also significantly affect your cost of car insurance in Durham: drivers with a DUI conviction will pay an average of $1,598 more for their State Farm policy, which is almost four times more expensive than their no-violations rate.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 3.North Carolina Farm Bureau$970$970$2,494
Average Cost of Car Insurance by Postal Code
A driver’s ZIP code also affects how much they’ll pay for a car insurance policy, as different neighborhoods have different statistics associated with auto coverage, such as the frequency of accidents and thefts, and the number of uninsured motorists in the area.
In Durham, policyholders living in the most affordable region for auto insurance, ZIP code 27713, will pay an average $147 less for car insurance premiums than policyholders living in ZIP code 27703.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Durham
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Durham. How Durham ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Durham are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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