Like other states in the United States, you must register and have a minimum level of certain types of auto insurance coverage, allowing you to drive in the state. The insurance rates in North Carolina are considered the cheapest in the country, allowing more people to access insurance coverage. For instance, the car insurance expenditure is 705, which makes the state ranked in the 46th position. The main reason car insurance in North Carolina is because the states have the lowest number of uninsured drivers. The state has the 4th highest rate of insured drivers in the country, ensuring that the drivers’ safety is given priority. There is only a small portion of the drivers who don’t have car insurance in the state. Due to this lower number of drivers, it has reduced the risks on the roads.
Despite the affordability of car insurance in the state, many people have developed a lot of suspicion about the state’s car rates. However, the main aspect that people need to consider is that the state’s population is relatively lower, and more so, the population in the rural areas is more compared to the urban centers. The insurance providers have been using all the available gauges to ensure all the policyholders are evaluated individually to understand their risk. In rural areas, the vehicle’s risk is perceived to be relatively lower than the urban and, therefore, leads to lower insurance costs.
North Carolina is considered to be relatively lower as compared to other states, but that does not mean the states are offering the best policy in the country. Therefore there is a need for the drivers to ensure there is an effective assessment of the policy to ensure you get the best policy. To ensure that the competition which you get is the best, you should always compare with other companies that provide similar policies in the market. Many insurance providers have reduced the policy’s cost and end up decreasing the amount of the coverage.
Who Has The Cheap Car Insurance In North Carolina
Drivers looking for cheaper car insurance in North Carolina should ensure they shop around since the prices differ from one company to another. In addition to that, other personal factors should be considered, which includes whether you have caused car accidents before. Suppose you are a driver in North Carolina and have good driver history. In that case, you should consider either the following cheapest insurance companies and their average rates. The following is a table of companies and average rates.
| Company | Average rates (per year) |
| Geico | $855 |
| State Farm | $897 |
| Erie | $954 |
| Allstate | $989 |
| Progressive | $1,125 |
| North Carolina Farm Bureau | $1,265 |
| Safeco | $1,342 |
All the drivers who do not have any recent violations or accidents can get the best car insurance rates for good credit. Many drivers have been categorized to have good credit where they get “full coverage” and other states- required coverage. From the list provided, it’s very clear that Geico offers 38% below the state average. The rates determined by the driver’s record, age, credit history, and annual mileage are driven, among other factors.
Cheapest for minimum coverage in North Carolina
For the drivers who want North Carolina’s minimum required coverage, the following are the cheapest companies. You can use the best averages rates for the drivers with good credit and clean driving record:
| Company | Average Rates (per year) |
| Progressive | $456 |
| State Farm | $569 |
| North Carolina Farm Bureau | $687 |
| Geico | $765 |
| Allstate | $854 |
| Erie | $956 |
| Travelers | $995 |
The numbers have been calculated by averaging rates for the 40- year- good old drivers who only have the minimum mandatory insurance in their state.
Cheapest for good drivers with poor credit
For the drivers in North Carolina who have blemished credit and have a clean driving history, then the following companies are suitable for them.
| Company | Average rates (per year) |
| Geico | $954 |
| Erie | $1,156 |
| Progressive | $1,278 |
| Allstate | $1,375 |
| North Carolina Farm Bureau | $1,450 |
| Safeco | $ 1,516 |
| National General | $1,583 |
Suppose you are a driver and you have a spotty credit history. In that case, it’s important to ensure that you shop around and get the cheapest auto insurance rates that would suit you.
Who Has The Best Auto Insurance Company In North Carolina
North Carolina State has the lowest car insurance premiums for the drivers in the country. However, the customers in the market will have to shop for the best coverage, which suits their needs. After analyzing the various services provider, we have chosen Erie insurance as the best auto insurance in the state due to its affordable prices. The following are the eight best car insurance companies in North Carolina.
- Erie Insurance
- Nationwide
- Progressive
- State Farm
- Geico
- Allstate
- Safeco
- Travelers
Erie insurance has outstood other insurance providers in the market due to the offers they give to the drivers, saving money. It’s the cheapest and also allows the customer to pay for the same premium each year. In addition to that, they have a diminishing deductible, which makes the offer the best to the drivers. Another great aspect of Erie insurance is that they have digitalized their services and allows them to pay bills online.
On the other hand, Nationwide has possible discounts for the drivers, which include good driving discounts, accidents- free discounts, and airbag discounts, which ensure the welfare of the drivers is well-taken care of. They also provide a resources library that helps with vehicle safety.
Progressive is the only insurance company with the cheapest annual premium and ranked among the best companies. It allows its customers to use the mobile apps, allowing you to access your information, submit accident photos, pay bills, and other key services. Nationwide is one of the most expensive providers in North Carolina, and it usually offers discounts to customers in the market. For instance, it includes the deductions for safe- driving and anti-theft devices, allowing the drivers to ensure maximum safety.
Top Car Insurance Companies In North Carolina
It’s every driver’s desire to get insured with the top car insurance company in North Carolina due to the number of companies that provide similar auto insurance. The following companies have been rated as the top companies due to the market’s highest satisfaction ratings:
| Provider | J.D. Power Rating |
| Erie Insurance | 871/1000 |
| Geico | 858/1000 |
| Auto-Owners Insurance | 857/1000 |
| Progressive | 854/1000 |
| North Carolina Farm Bureau | 854/1000 |
| Alfa Insurance | 887/1000 |
| Allstate | 953/1000 |
According to the survey conducted, Erie Insurance is one of the best-rated insurance provides in the southeast. Further, the company was also ranked the overall second on the 18 auto insurance providers list. In terms of the rates, the company provides low rates to the customers, thus making it the best. It offers comprehensive insurance coverage and other coverage.
- Alfa Insurance
It was ranked behind Erie in terms of overall customer satisfaction, and the insurance provider has been providing the drivers with the best basic coverage at very affordable prices.
- Geico
Geico insurance offers the best insurance coverage nationwide and is also the cheapest in the states, and allows more drivers to access the services offered. It offers unique coverage to the drivers and ensures all their issues related to insurance have been sorted.
Minimum Insurance Requirements In North Carolina
In North Carolina, you must have liability insurance, which helps to pays for the damage and injuries to other people when there is an accident. The following are the entitlement
- $30,000 bodily injury liability coverage per individual and also $ 60,000 bodily injury liability per the accident
- $25,000 property damage liability coverage per accident
- $25 000 uninsured/ underinsured motorist property damage
- $30,000 uninsured motorist bodily injury coverage per individual and $60,000 uninsured motorists’ bodily injury for the liability coverage per accident
Average Cost Of Auto Insurance In North Carolina
The cheapest minimum coverage auto insurance quotes which are offered in North Carolina
- Geico
- Auto-Owners Insurance
- Erie
- Progressive
- Allstate
The four insurers’ average rates are $985, per year, approximately $83 per month. They are 50% cheaper than the average North Carolina minimum coverage for the car insurance policy. The minimum coverage helps fulfills the minimum auto insurance requirements. It’s important to note that the quotes will be more different, and they will be customized according to the following factors:
- Vehicle
- Driving history
- Coverage limits
- Address
On the other hand, the most expensive insurers in North Carolina include Allstate, Nationwide, and State Farm, with the average annual quotes of $857 per year, with 48% more than the state average. The following is a list of the cheap minimum coverage insurers in North Carolina as per the most affordability.
| Company | Average Rates | |
| 1 | GEICO | $287 |
| 2 | Erie | $356 |
| 3 | Nationwide | $489 |
| 4 | Allstate | $550 |
| 5 | State Farm | $597 |
| 6 | Progressive | $689 |
| 7 | North Carolina Farm Bureau | $ 1,157 |
| 8 | Safeco | $1,198 |
| 9 | Travelers | $1,253 |
There are minimum requirements that have been set, which should be fulfilled by auto insurance, which include comprehensive and collision insurances, which help to covers the damage to the drivers. The minimum coverage is less expensive as compared to the full coverage as it lacs the comprehensive coverage.
According to the complaint index, there are the best-rated auto insurers in North Carolina, and it was measured according to customer satisfaction. These companies include Nationwide, North Carolina Farm Bureau, and State Farm. There were relative complaints about these companies and therefore increasing the market share in the market. The following are the top seven best-rated auto insurance companies in the state.
| Company | Complaint Index | |
| 1 | Nationwide | 0.36 |
| 2 | North Carolina Farm Bureau | 0.57 |
| 3 | State Farm | 0.57 |
| 4 | Allstate | 0.63 |
| 5 | GEICO | 0.72 |
| 6 | Progressive | 0.79 |
| 7 | Erie | 0.79 |
| 8 | Safeco | 0.81 |
| 9 | Travelers | 0.82 |
North Carolina requires the minimum limits of $30,0000 per person and could add up to $60,000 per accident for the bodily injury liability and uninsured motorist coverage. In this case, it will require the driver for up to $25,000 to cater to property damage.
Minimum Auto Insurance Limits Required In North Carolina
In every state, there are compulsory liability insurance laws that need to be adhered to to ensure that all the auto insurance. It’s a requirement that if you are driving, then you need to have insurance that will cater to an accident in case it arises. There are minimum auto insurance limits required in North Carolina, including but are not limited to the following. As a driver, you require to carry liability insurance, uninsured motorist bodily injury coverage (UMBI), and the uninsured motorist property damage coverage(UMPD) in the following amounts:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $30,000 UMBI per person
- $60,000 UMBI per accident
- $25,000 UMPD per accident
These are the legal requirements that are needed in North Carolina, but they will not ensure there is financial protection. For instance, if you crush someone’s luxury car, then you will be likely to pay for the repair for $25,000. You will be expected to cater for the extra cost for the repairs.
Alternative car insurance for a high-risk driver
Some drivers have poor credit ratings, and they will be denied car insurance in the market. The drivers need to have the liability on their vehicles, and there are also the premium insurance premiums, which would ensure all the requirements have vehicles. These requirements are important to ensure there is road safety for the drivers in the state. The uninsured/ underinsured motorist property damage and therefore ensure your car belonging has been specified in the policy.
Why Car Insurance Quotes Vary In North Carolina
Many factors help determine your car insurance rates in the market, but the area in which you live will greatly impact car insurance rates. When offering the rates, the insurance companies will evaluate the frequency of the claims in a good ZIP code and the repair services, and the cost of the medical. In addition to that, the population and traffic will also be considered when determining car insurance rates. The consumers in the market should consider higher rates in ZIP code in the areas where there is dense traffic compared to the rural areas with less traffic. The more the population is in an area, the more the insurance companies will charge the rates and, therefore, the insurance cost.
The larger cities in North Carolina where more people would translate to more cars, and therefore there are chances of the rise of the insurance cost. The more the cars are on the road, the more the chances for accidents, and therefore, the rates for insurance are more likely to rise. For instance, the largest city in North Carolina is Charlotte, and the insurance rates are $1,235 despite the city not being the highest-ranked insurance cost in the state. The highest-ranked insurance city with the highest insurance rate in Fayetteville, which has a quarter of the population and the average auto insurance rate is $1,357.
However, the cheapest auto insurance representative rates you can get are from Winston Salem, one of the smallest cities in the state, making the insurance rates relatively less compared to other cities. For instance, the cost ranges to $950, while Cary and Raleigh’s fast-growing cities were considered to be the least expensive in the state. In this case, if you are in Cary, you will be expected to pay only $825, thus making the city to be the cheapest.
How To Get The Cheapest Car Insurance In North Carolina
Many insurance companies offer discounts to their customers for the various policies they offer to their customers. For instance, if you have more than one vehicle which is insured with the same insurers, then you are likely to get the best discounts for your car insurance, which could lower the cost which you make at the end. In addition to that, if you have a car and your home owner’s or the renter with the same company, then there are great chances you will get a discount for either of the policies which you apply for in the company.
On the other hand, many insurance companies offer good discounts for the students on the various policy that are available, which helps students get access to cheaper insurance rates in the market. For instance, if there is a teen driver and maintains his policy in B average, then there are great chances that the insurance companies will extend the discount. However, if you live in North Carolina and want to lower the cost of the insurance, you need to ensure that your driving record Is clean. If you are speeding or driving under the influence, then there are chances that you will increase the chances of having an accident.
In North Carolina, there is the Safe Driver Incentive Plan( SDIP), which has been put in place by the government to ensure there is a reward for the drivers and also penalize those who are found to have caused accidents by raising the amount of the insurances rates which has been established in the state. For instance, the new regulations will state that there will be an increase in the range from 30% for speeding ten mph or less over the limit under 55 mph, which rises to 340% for the manslaughter cases, street racing, and also driving while you are intoxicated.
What Is Considered Full Coverage In North Carolina?
Full coverage insurance in North Carolina could be defined as per the policy, which will provide more than the state minimum liability coverage. For instance, the minimum liability for the bodily injury coverage per person is $30,000, which goes up to $60,000. On the other hand, the property damage coverage stands at $25,000. All the insured motorists in the state will be limited to the following benefit in the incident where there is an accident. However, it’s important to note that if you have other assets, then the minimum amounts may not cover fully in your accident. In this case, you will be liable for the damages above those limits; it’s important to ensure that you increase your liability insurance amounts. To get the full requirements in North Carolina, you need to have the following requirement in place:
- Vehicle information, which includes the VIN on the windshield of your car
- Your driver’s license information
- Home address
- Social security number
- Banking information for premium payments
Reducing The Cost of North Carolina Auto Insurance Premiums
The average car insurance premium in North Carolina is $895 per year, which is less than the nationwide average by almost 40%. Several factors dictate the state’s insurance rates, and these factors include age, driving history, and credit. It’s not just insurance companies responsible for lowering the premium rate since the customer can reduce the rate by requesting a higher deductible, which will be less the amount of the coverage. These two methods are more effective, and therefore this will be able to reduce the monthly bills.
There are better ways in which you can reduce the cost of insurance cost in the states. Therefore, it’s appropriate for the customers to use the auto insurance quotes available, which are based on the costs provided by the providers regarding the various policy. Another way to reduce the cost of the premium is to make vehicle adjustments, which would make the vehicle less risky. For instance, raising your credit score, keeping your clean driving record for three years will help ensure you are operating in a lower-risk location in the state. There are various insurers providers offering discounts to customers who are using the same company insurance policies, including renters insurance.
Cheap Car Insurance For Young Drivers In North Carolina
If you are a driver and you are under 40 years, and you live in the state of North Carolina, then you are more likely to pay for the insurance coverage as compared to the average driver. Young drivers are relatively inexperienced compared to the average driver and therefore pose a great risk of causing more accidents. Progressive offers the cheapest car insurance rates to young drivers, who average $57 a month. All the new drivers are supposed to abide by the special driving restrictions put in place by the state, including age restrictions, curfews, and electronic devices’ limitations. Young drivers should ensure they familiarize themselves with these restrictions before they could hit the road.
For example, the insurance policies for 21- year- olds will run higher than the national average by a great margin. These drivers are considered as high – risk to insurers as compared to other states in the country. Various factors have been established by North Carolina, which helps to exempt the young drivers from paying higher insurance rates per month. As a young driver, you need to choose the cheapest insurers provider, offering the best deals for young drivers. The following is a list of the cheapest auto insurance companies:
| Insurance Company | Quote |
| Progressive | $29 p/m |
| Utica | $30 p/m |
| North Carolina Farm Bureau | $34 p/m |
| Erie | $38p/m |
| GEICO | $40 p/m |
| Allstate | $42 p/m |
| State Farm | $45 p/m |
Top 10 Cheapest Cities For Auto Insurance In North Carolina
There are many cheap cities in North Carolina where you are likely to pay low car insurance rates compared to other cities in the state. For instance, Asheville’s city is the cheapest city for car insurance, which stands at $65 per month. Some other cities include Winston Salem at $69 per month and New Bern at $75 per month.
| Rank | City | Avg monthly rate |
| 1 | Asheville, NC | $65/month |
| 2 | Winston Salem, NC | $69/month |
| 3 | Lexington, NC | $75/month |
| 4 | New Bern, NC | $87/month |
| 5 | Burlington, NC | $94/month |
| 6 | Salisbury, NC | $98/month |
| 7 | Cary, NC | $104/month |
| 8 | Rocky Mount, NC | $110/month |
| 9 | Statesville, NC | $115/month |
| 10 | Greensbor, NC | $119/month |
