Car insurance quotes in Winston-Salem, North Carolina can vary greatly. Learn about the factors that impact rates by reading on! Listed below are some of the factors that influence car insurance rates in Winston-Salem, North Carolina. Know your own personal circumstances to get the best deal on car insurance! Also, read on to learn about the types of coverage available in Winston-Salem. If you’re a young driver, consider getting your first policy before you start driving.
Variations in car insurance rates in Winston-Salem
If you have never noticed, car insurance rates in Winston-SaleM, North Carolina vary wildly depending on your zip code. Many factors impact auto insurance rates, including the number of car accidents and property crimes and average age of the population. Because of this, it’s easy to get wildly different quotes from different providers in the same city. The best way to understand why your premiums may be so much different is to learn about your ZIP code’s accident history.
For example, if you live in a high-crime city, your car insurance rates could be significantly higher than in a safe neighborhood. If you’re not comfortable driving in such areas, you can choose liability-only insurance in Winston-Salem if you have an older vehicle. If you have a brand-new car, you can opt for full-coverage insurance, but you’ll end up paying more than the replacement value of the car.
Another factor to consider when comparing car insurance rates in Winston-Saleam is the age of the driver. If you’re an 18-year-old male, you should expect your policy to cost you $732 per year. A forty-year-old male, on the other hand, should pay $286 per year. It’s a good idea to compare quotes from at least three car insurance companies before making a decision.
While the list of the 20 cheapest cars in Winston-Salem doesn’t include luxury vehicles, it is a useful starting point for comparisons. As a general rule, midsize cars and SUVs will cost you less than regular vehicles. Luxury models will cost you more than regular cars. If you want to compare specific makes and models, you can use Edmunds.com’s car insurance affordability index.
As for the average monthly cost of car insurance in Winston-Salem, it starts at about $53 per month and can run to more than $1,192 annually. However, this is lower than the national average of $1,551 per year. The cheapest non-luxury compact SUV to insure in Winston-Salem is the Mazda CX-5, which costs about $640 per year and $53 per month. The most affordable mid-sized SUV to insure in Winston-Salem is the Honda Passport at $108 a year.
In Winston-Salem, NC, the median property value is $147,900. While this is less than the national average, it does represent a modest increase in the median household income. The average household income in Winston-Salem, NC is $45,750. Despite the low median income, the median annual household income is lower than the national average of $65,712 – indicating that Winston-Salem, NC residents drive fewer miles to get to work.
Impact of marital status
The median household income in Winston-Salem is slightly lower than the national average. This means that auto insurance premiums are lower for residents of the city. Moreover, those who own a home are likely to pay more for coverage than those who rent. While the overall cost of living in Winston-Salem is not terribly high, some households earn significantly less than the national average.
The average commute time in Winston-Salem is twenty minutes. This means that Winston-Salem drivers drive more than 4 million miles a year. In Winston-Salem, car accidents are less likely to occur than in neighboring cities, so residents can afford larger and more reliable vehicles. For drivers who don’t own a car, ride-sharing is a great alternative. This can reduce traffic and pollution while saving money on gas.
Moreover, your ZIP code can influence the cost of car insurance premiums. For example, people living in ZIP code 27107 pay $41 more for their insurance than those living in ZIP code 27105. While these two areas are nearly identical in terms of car ownership, they may pay different premiums for coverage. Therefore, it’s important to shop around when comparing Winston-Salem car insurance premiums to other local areas.
In Winston-Salem, there are a variety of car insurance companies, including most major insurers. Additionally, you can take advantage of discounts offered by different companies. Because each insurance company uses a sophisticated model to calculate risk and premium, the quotes for auto insurance in Winston-Salem will differ. However, keep in mind that a male driver is likely to pay higher premiums than a female.
As a married driver, you will probably have fewer accidents than a single driver. Nonetheless, multiple collisions will drive up your insurance costs. As long as you maintain a clean driving record, your insurance payments will be low. Also, don’t forget that some insurance companies don’t run credit checks on applicants. In fact, credit scores are now banned in some states, including California, Hawaii, and Massachusetts, and insurers can only use other factors to determine your premium.
As a married driver, you may also qualify for additional discounts. Although not as common as single driver discounts, married individuals may qualify for policy bundling discounts, multi-car discounts, and policy bundle discounts. It’s best to shop around to find the best rate before renewing your policy. If you have multiple vehicles, consider switching to a different insurance company. This can also lower your premium.
The differences between married and unmarried drivers are small and decrease as you get older. However, a 25-year-old single driver is still expected to pay seven percent more for auto insurance than a married 25-year-old. Furthermore, research by the CDC shows that married people are healthier than single people, own homes, and purchase life insurance. This can translate to lower car insurance premiums.
Effect of annual mileage
The average resident of winston salem drives approximately 10,000 miles annually. In this area, drivers often pay a base rate plus around $100 a year. To lower this amount, state farms are offering two types of car insurance estimates. The first is a mileage-only discount, while the other changes in annual mileage. Using this information, consumers can calculate a better estimate of their annual mileage and pay less for insurance.
Compared to the average North Carolina resident, the median income of Winston-Salem is lower. This means that auto insurance premiums in Winston-Salem are lower. The city’s median household income is also lower than the national average, although this doesn’t necessarily mean that homeowner-occupied houses are more expensive. However, it is important to note that the annual mileage of cars can greatly reduce your premiums.
Another factor that impacts car insurance premiums in Winston-Salem is the amount of driving a person does each year. Although the city is not as large as New York, drivers here still use the streets to get to work. As a result, they have more money to spend on a more reliable vehicle, which results in lower premiums. And while these factors do affect the amount of auto insurance that you pay, they’re worth considering.
In the city, a person with a higher commute is more likely to drive less than those who do not commute. Nonetheless, drivers can expect to pay an additional $41 in premiums than a driver with a higher-than-average commute. Aside from lower premiums, drivers in Winston-Salem should also consider whether or not they have car-related insurance. Those with high-risk driving records can expect to see their insurance premiums increase by between $400 and $500 a year, while drivers in a lower-income group might pay an additional $1,200 annually.
Age is another factor that affects Winston-Salem car insurance rates. Those 55 years and older get discounts on almost everything, including their car insurance. Gender is no longer a factor in insurance rates in some states. In Winston-Salem, the median age for male drivers is 35.3 years, which makes them more susceptible to accidents. The average car insurance policy in this city costs $1,286 per year for an 18-year-old male driver. However, a 40-year-old male driver in the same city will pay $286. Regardless of your circumstances, you should compare quotes from at least three insurance companies to see which offers the best coverage at the lowest cost.
While the average Winston-Salem driver pays an average of $847 annually for full-coverage coverage, this cost is considerably less than the national average. Factors that affect Winston-Salem car insurance rates include age, marital status, and credit score. Drivers in the area pay about $1,184 annually, which is considerably less than the national average of $1,048 per year.