Cheapest car insurance companies in Apex
According to a study by Insurance.com, the cheapest car insurance companies in Apex for 2023 are State Farm and Erie Insurance.
In Apex, State Farm provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $875 annually.
Car insurance prices in Apex can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Apex drivers.
| Companies | Average annual rates |
|---|---|
| State Farm | $875 |
| Erie Insurance | $1,000 |
| North Carolina Farm Bureau | $1,064 |
| Nationwide | $1,350 |
| Geico | $1,438 |
| Penn National Insurance | $1,620 |
| Farmers | $1,756 |
| Progressive | $1,756 |
| UTICA Grp | $1,929 |
| Allstate | $2,705 |
Cheapest car insurance cost in Apex by Age Group
State Farm stands out as Apex's cheapest auto insurance company for teen drivers at an average annual of $2,067. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
Among the carriers analyzed, Erie Insurance is the cheapest car insurance option for young drivers in Apex, at $1,155 a year for a full coverage policy.
An analysis of car insurance rates for Apex drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. State Farm offers the cheapest full-coverage car insurance rates at $913 per year.
State Farm is the cheapest option for senior drivers in Apex, with an average premium of $932 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| State Farm | $2,067 | $1,355 | $913 | $932 |
| Erie Insurance | $2,141 | $1,155 | $976 | $1,078 |
| North Carolina Farm Bureau | $2,332 | $1,161 | $1,028 | $1,078 |
| Nationwide | $3,122 | $1,931 | $1,345 | $1,273 |
| Penn National Insurance | $3,266 | $1,620 | $1,620 | $1,620 |
| Farmers | $3,535 | $1,756 | $1,756 | $1,756 |
| Progressive | $3,535 | $1,756 | $1,756 | $1,756 |
| Geico | $4,294 | $1,510 | $1,417 | $1,457 |
| UTICA Grp | $4,972 | $1,944 | $1,904 | $1,895 |
| Allstate | $6,212 | $3,526 | $2,616 | $2,329 |
Cheapest car insurance companies in Apex by driver profile
Insurers in Apex consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
When it comes to finding the cheapest car insurance rates in Apex, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Here's a list of car insurance companies that offer cheap insurance rates in Apex based on driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
Nationwide is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Apex drivers is $1,204.
The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,204 |
| Geico | $1,232 |
| Progressive | $1,552 |
| State Farm | $2,021 |
| Allstate | $3,332 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Apex. It provides full coverage car insurance for drivers aged 30 at about $1,361 per year.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,361 |
| Nationwide | $1,435 |
| Geico | $1,792 |
| Progressive | $2,325 |
| Allstate | $2,873 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Apex is $1,392. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,392 |
| Nationwide | $1,750 |
| Progressive | $2,373 |
| Geico | $2,409 |
| Allstate | $3,747 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Apex. On average, its annual full coverage rate is $3,571, making it a significantly cheaper option than other insurance providers.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $3,571 |
| Nationwide | $3,682 |
| Geico | $5,796 |
| Progressive | $5,928 |
| Allstate | $7,899 |
Average car insurance cost in Apex
The average car insurance rate in Apex for full coverage is $1,549 per year or $129 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Apex is $494 per year.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $1,549 | $494 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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