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Based on an analysis by Insure.com, the typical car insurance expense in Durham, North Carolina is $1,741 annually. Furthermore, car insurance premiums in Durham are equals to compared to the state average in North Carolina and $154 less than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$1,741$1,741$1,895

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Durham, the average car insurance rates by age and gender, and the costs in Durham based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Durham. Keep reading to learn more.

Key Takeaways

  • The annual cost of car insurance in Durham, North Carolina is $1,741.
  • Erie Insurance provides the most affordable car insurance in Durham at $1,068 annually.
  • Young adults in Durham can expect to pay approximately $2,000 annually for car insurance.

Cheap car insurance companies in Durham

At an average of $1,068 per year with full coverage limits of 100/300/100, Erie Insurance provides the most affordable car insurance in Durham.

Ranked as the second most affordable company in Durham, State Farm provides car insurance at $1,143 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Durham that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Durham, North Carolina:

Affordable car insurance providers in Durham

Graph
Table
Company NameAverage annual costAverage monthly cost
Erie Insurance$1,068$89
State Farm$1,143$95
North Carolina Farm Bureau$1,192$99
Nationwide$1,518$127
Geico$1,536$128
Penn National Insurance$1,832$153
Farmers$1,985$165
Progressive$1,985$165
Utica National Insurance Group$2,109$176
Allstate$3,039$253

Read about the best car insurance companies.

Average car insurance cost in Durham by coverage limits

The average car insurance rates in Durham based on coverage types are as follows:

  • State minimum coverage: $520 per year (limits are 25/50/25)
  • Liability only coverage: $570 per year (limits are 50/100/50)
  • Full coverage: $1,741 per year (limits are 100/300/100)
  • Non-owners coverage: $504 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Durham

The average car insurance per year for female drivers in Durham, North Carolina, is $1,741.

Whereas the yearly average car insurance rate for male drivers is $1,741, which is equals to what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Durham

Car insurance rates in Durham, are highest for teens at $3,955 per year or $330 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,000 annually for their car insurance, which is $1,955 less than what teens pay for their insurance coverage.

In Durham, adult drivers pay an average of $1,724 per year for car insurance, while senior drivers pay $1,705 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rates by age groups in Durham

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$3,955$2,000$1,724$1,705

Examining car insurance rate trends in Durham, North Carolina, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 31% or $409.

The table below shows the trend for last four years:

How car insurance rates are changing in Durham

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$970$1,382$1,332$1,741

Conclusion

In conclusion, the insurance rates in Durham, are same as the average insurance cost in North Carolina. Shopping around and taking advantage of available discounts, drivers in Durham can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Prachi Singh
Contributing Researcher

 
  

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.

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