Car Insurance In North Carolina: The best car insurance companies offer affordability, customer satisfaction, and financial stability. Out of all the car insurance companies in North Carolina, Erie is the best. They’re the leading company when it comes to claims, they’re tied for second in customer satisfaction and financial stability, and they’re third when it comes to affordability.
How Much Does Car Insurance Cost in North Carolina?
The average rate of car insurance in North Carolina is $1,018, as revealed by our annual rate study. Looking at individual companies, Geico has the cheapest auto insurance rates in the state, at $673 on average. Allstate has the most expensive car insurance rates on average, at $1,710, which is an increase of 154% compared to Geico’s rates and a 68% increase above the state average rates. It’s important to note these rates are based on study data, and may not actually reflect what you will pay for your own car insurance.
Finding Cheap Car Insurance in North Carolina
We evaluated seven North Carolina car insurance companies to find the best rates for a variety of drivers. You shouldn’t have any difficulty finding a good car insurance policy at a fair price in North Carolina.
Cheapest Car Insurance for You in North Carolina
When shopping for car insurance rates, it is important to note that different auto insurance companies look at numerous individual factors to determine their risk, which then affects how much their car insurance rates will be. Some of these factors include your age, where you live, the type of vehicle you drive, driving history, and your credit score. The rates also depend on the type and amount of coverage you purchase.
Cheap North Carolina car insurance for good drivers
You should be able to find excellent car insurance rates in North Carolina if you have a good driving record. In fact, you may pay less than $1,000 annually for coverage. Check quotes for Geico, Erie, and State Farm, which had the best rates among the companies in our analysis.
Cheap car insurance in North Carolina for drivers with a speeding ticket
Getting a speeding ticket increases North Carolina drivers’ rates by an average of 45%. Erie has the cheapest average rates for drivers with a speeding ticket in North Carolina, so that’s a good place to start when getting quotes for car insurance if you have a recent speeding ticket.
Accident Prevention Course Discount in North Carolina
Drivers age 55 or over who complete an accident prevention course are entitled to a discount from North Carolina car insurance companies. Many types of discounts are typically offered by insurance companies, such as bundling auto and home insurance, insuring more than one vehicle, and being a good driver.
Cheap North Carolina car insurance for drivers who caused an accident with injury
Having poor credit in North Carolina can impact your car insurance rates. Drivers with poor credit pay an average of 45% more than those with good credit. But rate hikes for bad credit can vary significantly among insurance companies. That means you can still find savings by comparison shopping. If you have bad credit, check quotes from Erie and Geico to see if you can find a cheaper car insurance policy.
Cheap North Carolina car insurance for adding a teen driver
Car insurance rates in North Carolina nearly double when a teen driver is added to a policy. However, some insurers don’t increase rates as much. Erie and Nationwide offer the cheapest car insurance when a teen is added to a policy in the state. When you add a teen to your policy, make sure you’re getting all the discounts for which you’re eligible, including good student savings. Maximizing discounts can help offset the added car insurance costs that come with teen drivers.
Cheap North Carolina car insurance for drivers with poor credit
If you’re looking for cheap car insurance in North Carolina, being involved in an accident can mean paying around $1,200 more per year. However, if you compare rates from different companies, you may be able to find a better deal. Some companies that offer competitive rates in North Carolina include Erie, North Carolina Farm Bureau, and State Farm.
Cheap North Carolina car insurance for senior drivers age 65+
As senior drivers reach their 70s and 80s, they may pay more for car insurance as insurers may view them as a bigger risk. Geico has the cheapest rates for senior drivers in North Carolina, but there are other ways to save in addition to comparison shopping.
If you would like to get a discount on your car insurance based on your driving habits, you may want to consider a usage-based insurance program. You can also ask about other car insurance discounts that may be available, such as those for taking a defensive-driving course or for driving low mileage. By doing this, you can make sure that you are getting the lowest insurance rate possible.
Cheap North Carolina car insurance for young drivers ages 18 to 25
Insurance companies view younger drivers as a bigger risk based on their limited driver experience and, as a result, young drivers may pay higher rates than other motorists. Geico and Erie have the cheapest car insurance rates for young drivers in North Carolina, among insurance companies analyzed. If you’re between 18 and 25 and looking for a policy, Geico and Erie are two places to get car insurance quotes.
Cheap North Carolina car insurance for drivers with a DUI
If you have a DUI conviction in North Carolina, it could significantly raise your car insurance rates. Our analysis found North Carolina drivers with a DUI on their record saw an annual average increase of $4,000. If you have a DUI, be sure to check the quotes from Erie, the North Carolina Farm Bureau, and State Farm.
Least Expensive Vehicles for Insurance in North Carolina
The following are some of the cheapest cars to insure in North Carolina, based on the average rates for the 50 top-selling models in 2021: Jeep Wrangler JL Sport, Honda CR-V LX, and Subaru Crosstrek. The 20 least expensive are below.
The most expensive cars for insurance in North Carolina among popular models are the Tesla Model S Performance ($2,291 per year) and Lexus ES 300H ($1,948 per year).
|Vehicle||Average annual premium in North Carolina|
|Jeep Wrangler JL Sport||$993|
|Honda CR-V LX||$1,089|
|Subaru Forester 2.5i||$1,137|
|Ford F-150 XL||$1,147|
|Jeep Compass Latitude||$1,185|
|Chevrolet Equinox L||$1,185|
|Hyundai Tucson SE||$1,188|
|Ford Escape S||$1,192|
|Volkswagen Tiguan SE||$1,210|
|Chevrolet Traverse LS||$1,215|
|Toyota Tacoma SR||$1,218|
|Chevrolet Tahoe LS||$1,241|
|Toyota RAV4 LE||$1,245|
|Honda Pilot SE||$1,254|
|Chevrolet Trax LS||$1,256|
|Kia Sportage EX||$1,261|
|Toyota Highlander LE||$1,265|
|Toyota Tundra SR||$1,276|
Required Minimum North Carolina Auto Insurance
North Carolina law requires all car owners to have liability insurance with minimum coverage limits of:
- $30,000 for bodily injury to one person.
- $60,000 for bodily injury to multiple people in one accident.
- $25,000 for damage to property in one accident.
This is often written as 30/60/25.
If you have assets to protect in a potential lawsuit from a car accident, the required amounts of insurance coverage in North Carolina will likely be insufficient. Consider increasing your coverage limits so that your insurance provider will pay for judgments against you, rather than having to pay out of pocket. North Carolina also requires uninsured motorist coverage, which will pay for your medical and property damage bills if you’re hit by someone without insurance. Keep in mind that this coverage can be tricky in North Carolina, so it’s important to understand the details.
- Uninsured motorist coverage is required. You can choose the policy limits.
- If you want your liability coverage to be higher than the state minimum of 30/60, you must buy underinsured motorist coverage. This will pay for any car accident bills if you’re hit by a driver who doesn’t have enough insurance.
North Carolina Car Insurance FAQs
1. Is Car Insurance Required in North Carolina?
Yes. Drivers in North Carolina are also required to have car insurance coverage for uninsured/underinsured motorists.
2. Which Cars Are Required To Be Insured in North Carolina?
In North Carolina, all cars must be registered with liability insurance at a minimum.
3. When Should I Get Car Insurance in North Carolina?
As soon as your car is registered in North Carolina, you must have liability car insurance coverage. As soon as you start driving, you should also have car insurance coverage for uninsured/underinsured motorists.
4. How Much Is Car Insurance in My City in North Carolina?
Car insurance rates in North Carolina vary depending on the city. For example, the average car insurance rate in Winston-Salem is $912, while the average car insurance rate in Charlotte is $1,183.
5. Is North Carolina a No-Fault State?
In North Carolina, if someone is found to be legally responsible for any property damage or bodily injury in a car accident, they must pay for those damages and injuries.
6. Does North Carolina Accept Digital Insurance Cards?
As of July 1, 2018, the state now requires insurers to make them available to policyholders As of July 1, 2018, insurers in the state of North Carolina are required to make digital insurance cards available to policyholders. This means that policyholders can present their insurance information in digital form if needed.
7. Is Liability Insurance Required in North Carolina?
Drivers in North Carolina are required to have car insurance with at least the minimum amount of liability coverage for both property damage and bodily injury.
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