The words “low-cost” and “auto insurance” probably shouldn’t be used together, specifically when you are searching for the cheapest coverage for high mileage drivers. Because it’s so expensive, let’s start the ball rolling by going over a few of the things that have an effect on car insurance premiums, and figure out some ideas to slash the price of the next policy you buy.
For high mileage drivers, one of the more important criteria that aid in calculating auto insurance rates is where you keep your car. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The information below shows the most expensive places in North Carolina for high mileage drivers to buy an auto insurance policy in. Charlotte is listed at #3 with the annual price of $840 for the average insurance policy, which is about $70 per month.
|Rank||City||Premium Per Year|
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Rates are comparative as the specific geographic location can change premiums noticeably.
The vehicle model you are trying to insure is one of the biggest factors that determines the availability of the cheapest auto insurance for high mileage drivers. Vehicles with high performance, poor safety ratings, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.
The information below showcases auto insurance rates for a selection of the more affordable vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,107|
|Honda CR-V EX 2WD||$1,117|
|Honda Accord EX 4-Dr Sedan||$1,107|
|Volkswagen Jetta S 2.5 Station Wagon||$1,200|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,245|
|Ford Escape XLS 2WD||$1,272|
|Toyota RAV4 2WD||$1,312|
|Chevrolet Impala LTZ||$1,382|
|Ford Edge Sport 2WD||$1,387|
|Toyota Camry XLE||$1,382|
|Honda Odyssey LX||$1,398|
|Dodge Ram Quad Cab SLT 2WD||$1,432|
|Chevrolet Silverado LS Regular Cab 4WD||$1,492|
|Chevrolet Equinox LS AWD||$1,506|
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Prices 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 homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can alter insurance rates substantially.
Looking at the numbers, we can presume that cars like the Hyundai Elantra, Honda CR-V, Honda Accord, and Volkswagen Jetta are the most economical vehicles to insure for high mileage drivers.
The example below demonstrates how choosing different deductibles can affect insurance costs when researching cheap insurance for high mileage drivers. The premiums assume a single female driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could lower their car insurance rates by $236 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $356 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could save up to $602 every year by choosing a higher deductible. When using a larger deductible, it will be important to have enough savings to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Choosing the highest-rated insurance company can be a challenge considering how many companies sell coverage in Charlotte. The rank data listed below may help you choose which car insurance companies you want to consider when trying find the best insurance for high mileage drivers.
The ratings below include large insurance companies, so smaller companies that only insure vehicles in North Carolina are not taken into consideration for this list. If you wish to compare prices and find cheaper insurance for high mileage drivers, click here.
Top 10 Major Auto Insurance Providers Overall in Charlotte
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Top 10 Major Auto Insurance Providers in Charlotte Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Tips to find low-cost auto insurance for high mileage drivers
The list below summarizes many penny-pinching solutions that can help North Carolina drivers quote lower-cost coverage.
- Maintain a safe distance and avoid accidents
- Increase the comprehensive and collision deductibles on your policy
- Full coverage may not be needed on older vehicles
- Save money by obeying traffic laws and keeping a clean driving record
- Try to remain claim-free
- Ensure you have the best deal by shopping around regularly
That final tip is remarkably valuable, as was emphasized in this piece. Coverage prices fluctuate constantly, so drivers shouldn’t hesitate to buy from a different company if a cheaper rate is available. Sticking with a specific company is fine, but we do not recommend it if that loyalty results in overpaying potentially thousands of dollars a year. If you have a few minutes, now is a great time to shop around to find cheaper insurance for high mileage drivers in Charlotte.
If you like to get some professional advice when shopping around for cheaper insurance for high mileage drivers, the insurance agencies listed below can probably help you determine which coverages you need.
To find a Charlotte insurance agent using an interactive map, click the button link following the list or click here to compare price quotes.
Allstate Insurance: Bob White
601 S Kings Dr, Ste FF – Charlotte, NC 28204 – (704) 376-3479
Daniela Hernandez – State Farm Insurance Agent
5811 Fairview Rd Ste 102 – Charlotte, NC 28209 – (704) 733-9022
Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144