Wouldn’t it be easy if you could just know the company that has the best rates for teachers? Unfortunately, it’s just not that easy, as there are a whole bunch of unknowns such as the vehicle you drive, what level of deductibles you need, and if you want full coverage, that all impact the cost of coverage. Car insurance is kind of a dry topic, but this article will explain these things and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance.
The type of vehicle requiring insurance is a large factor that determines the availability of cheap coverage for teachers. Vehicles with limited speed and performance, excellent safety ratings, or a positive history of liability claims will cost significantly less to insure than high performance models.
The next table estimates auto insurance premiums for some of the most budget-friendly vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,253 |
| Toyota Prius | $1,385 |
| Toyota Tacoma 4WD | $1,406 |
| Hyundai Elantra GLS Touring Station Wagon | $1,439 |
| Chevrolet Malibu Hybrid | $1,482 |
| Toyota RAV4 Sport 2WD | $1,490 |
| Ford Escape XLS 2WD | $1,538 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,543 |
| Toyota Camry XLE | $1,561 |
| Honda CR-V EX-L 4WD | $1,576 |
| Jeep Grand Cherokee SRT-8 4WD | $1,589 |
| Nissan Rogue SL 2WD | $1,598 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,589 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in vehicle location which can lower or raise coverage rates substantially.
Based upon these rates, cars like the Honda Accord, Toyota Prius, Toyota Tacoma, Hyundai Elantra, and Chevrolet Malibu are going to be a few of the more affordable vehicles to insure for teachers and educators.
For teachers and educators, one of the big criteria that determine the annual cost of car insurance is where you choose to live in Charlotte. Cities with larger populations tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The table below shows the most expensive places in North Carolina for teachers in which to purchase auto insurance. Charlotte is ranked #3 with a yearly premium of $808 for the average insurance policy, which is around $67 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $864 |
| 3 | Charlotte | $808 |
| 4 | Gastonia | $787 |
| 5 | Durham | $773 |
| 6 | Raleigh | $767 |
| 7 | Wilmington | $765 |
| 8 | Greensboro | $763 |
| 9 | Goldsboro | $758 |
| 10 | Indian Trail | $745 |
| 11 | Huntersville | $742 |
| 12 | Cary | $742 |
| 13 | Rocky Mount | $740 |
| 14 | Hickory | $732 |
| 15 | Greenville | $730 |
| 16 | Wilson | $724 |
| 17 | High Point | $723 |
| 18 | Chapel Hill | $717 |
| 19 | Apex | $717 |
| 20 | Burlington | $692 |
| 21 | Salisbury | $691 |
| 22 | Winston Salem | $688 |
| 23 | Concord | $676 |
| 24 | Kannapolis | $669 |
| 25 | Asheville | $661 |
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Rates are comparative as the garaging address in Charlotte can impact insurance rates noticeably.
Establishing which company quotes the cheapest insurance rates for teachers may require more time than just comparing rates from one or two companies. Each insurer uses their own calculation to set premium rates, so let’s look at the rankings for the most competitive insurance companies in Charlotte.
It’s important to know that North Carolina insurance rates are impacted by many things that can increase the price of coverage. Simply having a birthday, marrying your spouse, or getting a driving violation can trigger changes in premium that can now make some companies more affordable than before.
Best Cheap Insurance Rates for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $655 |
| 3 | NC Farm Bureau | $716 |
| 4 | Penn National | $717 |
| 5 | GEICO | $728 |
| 6 | Liberty Mutual | $728 |
| 7 | State Farm | $749 |
| 8 | Titan | $759 |
| 9 | Auto-Owners | $844 |
| 10 | Erie | $895 |
| 11 | National General | $908 |
| 12 | Allied | $919 |
| 13 | Travelers | $927 |
| 14 | Nationwide | $1,001 |
| 15 | Peerless | $1,002 |
| 16 | Unitrin | $1,002 |
| 17 | MetLife | $1,018 |
| 18 | Safeco | $1,044 |
| 19 | Allstate | $1,054 |
| 20 | Encompass | $1,063 |
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Progressive normally has some of the lowest car insurance rates in Charlotte at around $632 a year. This is $240 less than the average policy premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and GEICO also qualify as some of the more affordable Charlotte, NC insurance companies.
As shown in the rates above, if you are currently insured with NC Farm Bureau and switched to Progressive, you might realize a yearly price reduction of in the vicinity of $84. Insureds with Penn National might save as much as $85 a year, and GEICO policyholders might lower prices by $96 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or visit any of the companies below.
It’s important to note that these premium estimates are averaged for all ages of drivers and types of vehicles and do not take into consideration a vehicle location for teachers. So the auto insurance company that can offer you the best rate may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare prices as often as possible using your own specific driver and vehicle information.
Types of discounts on Charlotte car insurance rates
Insurance providers that offer cheap quotes for teachers could also offer price discounts that could potentially reduce rates by 35% or more if you are eligible to receive them. The best insurance companies and a summarized list of policyholder discounts are detailed below.
- State Farm may offer discounts for Steer Clear safe driver discount, safe vehicle, defensive driving training, good driver, driver’s education, and multiple policy.
- American Family offers premium reductions for multi-vehicle, defensive driver, early bird, accident-free, good student, mySafetyValet, and good driver.
- GEICO discounts include five-year accident-free, anti-lock brakes, emergency military deployment, defensive driver, multi-policy, and anti-theft.
- 21st Century has discounts for homeowners, air bags, anti-lock brakes, theft prevention, defensive driver, and good student.
- Progressive includes discounts for homeowner, good student, continuous coverage, multi-vehicle, and online quote discount.
The chart below illustrates the comparison of insurance costs with and without discounts applied to the rates. The rate quotes are based on a female driver, no claims or driving violations, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, defensive driving course, marriage, anti-theft, multiple policy, and accident-free discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for teachers is 28% or $300.
The information below illustrates how your choice of deductibles can raise or lower premium costs when searching for cheap insurance for teachers. The price estimates are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could lower their car insurance rates by $238 a year by changing from a $100 deductible up to a $500 deductible, or save $358 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could possibly save as much as $588 or even more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is essential to have additional savings on hand to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Ratings for North Carolina insurance companies
Picking a high-quality car insurance provider can be rather challenging considering how many different companies there are to choose from in North Carolina. The rank data listed below may help you select which car insurance companies to look at when shopping your coverage around. These ratings are only comprised of the largest auto insurers in America, so smaller regional companies are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Can you find cheaper Charlotte car insurance?
Charlotte, NC insurance rates are based on many factors which can substantially change the price you have to pay for coverage. Turning one year older, buying higher coverage limits, or getting a few speeding tickets may generate price changes resulting in some companies being much cheaper than others. And not only may your rating factors change, but insurers amend premium rates every year or even multiple times each year in order to maintain liquidity for claims. An extended period of higher than normal claims can cause higher priced premiums, while a profitable period can result in lower-cost Charlotte car insurance rates.
The data below analyzes the cheapest car insurance in Charlotte, NC for a 30-year-old female driver with a clean driving record, no accidents, and excellent credit. If we estimate rates based on her personal risk profile, Progressive may have the lowest car insurance rates in Charlotte at $803 annually. This is $69 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Titan, and NC Farm Bureau are also on the list of the most affordable Charlotte, NC auto insurance companies.
Now we will pretend the driver from the first set of rates a claim, a little lower credit rating, and a few blemishes on her driving record. Because each company has their own unique process for establishing rates, comparing quotes most likely will result in a new list of affordable Charlotte car insurance companies as shown below.
GEICO now has the cheapest price in Charlotte with State Farm, Auto-Owners, Allied, and Erie completing the list. This illustrates why drivers need to compare lots of rates when trying to find the cheapest car insurance quotes for teachers. Prices are influenced by many different factors and can change substantially, so the most economical option the last time you checked may now be priced much higher than other options.