The vehicle requiring insurance is one of the biggest factors that determines whether or not you can buy the best cheap auto insurance for handicapped drivers. Vehicles with high performance features, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The information below estimates coverage premiums for a number of the most budget-friendly vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Edge Limited 2WD||$1,335|
|Toyota Tacoma 2WD||$1,343|
|Ford Escape Limited 2WD||$1,345|
|Dodge Grand Caravan Crew||$1,386|
|Dodge Ram Quad Cab ST 2WD||$1,391|
|Ford Explorer Limited AWD||$1,386|
|Honda CR-V LX 4WD||$1,408|
|Toyota Corolla LE||$1,430|
|Hyundai Elantra SE 4-Dr Sedan||$1,438|
|Chevrolet Silverado LT Crew Cab 4WD||$1,457|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,467|
|GMC Sierra SLE Crew Cab 4WD||$1,457|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rates do not factor in garaging location in Charlotte, NC which can modify premiums considerably.
Based upon the table data, we can assume that models like the Ford Edge, Toyota Tacoma, Ford Escape, Dodge Grand Caravan, and Dodge Ram should be some of the most economical vehicles to insure for drivers with handicaps.
One of the many things that are used to help calculate the cost of insurance is where you keep your vehicle. Larger areas are more likely to have higher rates, whereas less populated areas benefit from lower coverage costs.
The information below lists the most costly cities in North Carolina for handicapped drivers in which to buy car insurance. Charlotte is listed at #4 costing $808 for the average policyholder, which is around $67 monthly.
|Rank||City||Premium Per Year|
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Price information shown is approximated as the specific garaging location can lower or raise coverage prices noticeably.
Determining which companies have the best auto insurance rates for handicapped drivers will involve a tad more effort than just getting one or two price quotes. Each auto insurer has a unique formula to establish rates, so let’s examine the auto insurance companies that tend to be cheaper in Charlotte, NC.
Keep in mind that Charlotte auto insurance rates are impacted by many things which can significantly increase or decrease the price of coverage. Turning one year older, buying another vehicle, or getting a DUI can produce rate changes that can cause some rates to be cheaper in comparison to the competition.
Compare Cheap Insurance Quotes in North Carolina
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$730|
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Progressive normally has some of the lowest car insurance rates in Charlotte at around $639 annually. This is $233 less than the average premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau also qualify as some of the cheaper Charlotte, NC auto insurance companies.
As depicted above, if you are currently insured with NC Farm Bureau and switched to Utica National, you might achieve an annual savings of upwards of $75. Drivers with GEICO might save as much as $87 a year, and State Farm customers might see rate reductions of $94 a year.
To see if you’re overpaying, click here to get quotes or quote rates from the companies below.
Understand that those policy rates are averaged across all drivers and vehicles and do not take into consideration an exact vehicle garaging location for handicapped drivers. So the auto insurance company that can offer you the best price may not even be in the top 20 companies in the list above. That illustrates why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
Irresponsible driving raises your rates
One of the best ways to snag good auto insurance premiums in Charlotte for drivers with handicaps is to drive carefully and avoid tickets and accidents. The chart below demonstrates how speeding tickets and fender-benders raise premium costs for each different age category. The prices are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance in North Carolina per year with no violations or accidents is $1,316. Receive one speeding ticket and the average cost increases to $1,481, an increase of $165 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for handicapped drivers increases to an average of $1,942. That’s an increase of $627, or $52 per month, just for not paying attention while driving!
Discounts on Charlotte auto insurance
Insurers that provide coverage for handicapped drivers could also offer special discounts that could reduce prices by 40% or more if you meet eligibility requirements. Popular auto insurance companies and some of the premium reductions they offer can be read below.
- GEICO offers discounts including multi-policy, multi-vehicle, defensive driver, membership and employees, good student, and five-year accident-free.
- Travelers offers discounts for good student, new car, hybrid/electric vehicle, multi-car, home ownership, and save driver.
- Nationwide discounts include Farm Bureau membership, good student, accident-free, family plan, and multi-policy.
- Farmers Insurance may offer discounts for pay in full, alternative fuel, mature driver, bundle discounts, and multi-car.
- Esurance has savings for homeowner, DriveSense, Pac-12 alumni, anti-lock brakes, and paid-in-full.
- State Farm offers premium reductions for anti-theft, student away at school, passive restraint, Steer Clear safe driver discount, good driver, multiple autos, and good student.
- Progressive includes discounts for multi-policy, multi-vehicle, online signing, online quote discount, continuous coverage, and homeowner.
- Mercury Insurance policyholders can earn discounts including location of vehicle, type of vehicle, good student, accident-free, multi-car, and professional/association.
The chart below shows the difference between insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, homeowner, multiple vehicle, accident-free, and marriage discounts applied. In this example, theaverage yearly reduction on auto insurance for handicapped drivers is 28% or $468.
The diagram below illustrates how your deductible choice can change insurance costs when searching for cheap insurance for handicapped drivers. The premiums are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could pocket $266 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $400 by choosing a $1,000 deductible. Young drivers, like the Age 20 chart data, could roll back prices as much as $684 annually just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it is necessary to have plenty of discretionary funds to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Ideas for buying cheaper car insurance for handicapped drivers
Below you’ll find some thrifty ideas that can help drivers locate lower-cost car insurance.
- Raise comprehensive and collision coverage deductibles
- Avoid having at-fault accidents
- Vehicles with safetly features generally cost less to insure
- Improve your credit
- Ensure your driving record is clean
- Do not pay for full coverage on older vehicles
- Shop around for cheaper prices often
That final tip is certainly vital, as we emphasized in this article. Car insurance prices in Charlotte fluctuate considerably, so don’t be unwilling to buy from a new company if you find a better deal.
Having brand loyalty is commendable, but it’s not recommended if it’s costing you a small fortune. Take a few minutes and compare rates and find cheaper car insurance for handicapped drivers.
If you aren’t sure which coverage to buy and prefer to get some professional advice when comparing insurance rates for drivers with handicaps, the insurance agencies below can probably help you make a decision which auto insurance policy fits you best.
To find a Charlotte insurance agency near you, click the button after the list.
- The Jordan Insurance Agency,LLC
13860 Ballantyne Corporate Pl #120 – Charlotte, NC 28277 – (704) 926-7565
- Allwood Insurance
3611 Mt Holly-Huntersville Rd #205 – Charlotte, NC 28216 – (704) 395-1239
- State Farm: Happy Mullen
2201 South Blvd #420 – Charlotte, NC 28203 – (704) 362-0800
- Nationwide Insurance – William Laurie Agency
8820 University E Dr Ste B – Charlotte, NC 28213 – (704) 945-2331