How Much Is Car Insurance in North Carolina? (July 2024)

In North Carolina, drivers pay about $1,077 per year for full coverage car insurance. For minimum coverage, the average annual cost is $520.

Many factors influence your car insurance premium, including your credit history, age and the level of coverage you choose. Where you live also affects the price, as some areas have higher rates of accidents or theft.

North Carolina's full coverage car insurance costs an average of $1,077 per year. Knowing your state's average car insurance cost helps you assess the quotes you receive. Consider comparing car insurance quotes to find an affordable plan that suits your needs.

Here's what you might pay for auto insurance in North Carolina, from minimum coverage to full coverage.

Car insurance in North Carolina is relatively affordable when compared to the national average cost of car insurance. North Carolina's average annual premium for state minimum coverage is $520 ($43 per month), cheaper than the national figures of approximately $595 per year or $50 per month. For full coverage, the average cost in North Carolina is $1,296 per year or $108 per month. North Carolina's rates are more moderate due to the state's lower-than-average number of uninsured drivers, competitive insurance market and the efficient state insurance regulatory framework that keeps premiums in check.

Car insurance premiums can differ significantly by company, even within the same state. In North Carolina, State Farm offers the most affordable full coverage at an annual cost of $517, while Allstate is the most expensive provider at $1,933 per year.

Searching for the cheapest car insurance in North Carolina could mean significant savings, so it's wise to review and compare different providers' offers for state minimum or full coverage policies.

The cost of car insurance in North Carolina is also influenced by the coverage level you choose. Typically, a minimum coverage policy costs around $43 per month, whereas full coverage with a $1,000 deductible costs approximately $90. Despite being more expensive, full coverage car insurance provides comprehensive protection against a wide range of incidents, making it a recommended option for drivers.

Adding comprehensive and collision coverages to a policy will increase your premium. However, selecting higher deductibles, such as a $1,000 deductible for full coverage, can help make these additions more affordable by lowering the cost. It's important to remember that the selected deductible amount applies individually to each comprehensive and collision coverage event.

In North Carolina, the minimum car insurance requirements include $30,000 for bodily injury per person, $60,000 per accident and $25,000 for property damage per accident, along with uninsured/underinsured motorist coverage matching these limits.

Your car insurance rates can vary significantly depending on your location in North Carolina. The most affordable city for full coverage is High Point at $807 per year, while the priciest city is Fayetteville at $1,103.

North Carolina car insurance rates are influenced by factors such as your driving history, credit rating and the type and amount of coverage you select. Other local conditions, like crime rates and traffic density, also impact premiums.

Age affects car insurance costs in North Carolina. Younger drivers, aged 22 to 29, typically pay the most, with annual premiums averaging $1,144. Costs decrease as drivers mature, with an average of $1,077 for drivers aged 30 to 59; costs slightly increase to $1,065 for those 60 and over.

In North Carolina, age and gender impact car insurance rates. Adding a 16-year-old male to a family policy costs an average of $2,598 per year. For 16-year-olds looking to secure their own policy, the price is higher at $3,244 per year. A parent's or guardian's signature is often required to purchase car insurance for teens under 18.

The average annual cost of full coverage car insurance for a 2012 car model is $925, while the same coverage for a 2022 model jumps to $1,304. This increase is due to newer models having higher actual cash values, more expensive repair costs and an increased likelihood of theft, all of which contribute to a rise in premiums. If you're driving a newer model, securing comprehensive and collision coverage is a prudent choice since it protects against various incidents, including theft, natural disasters and accidents.

The average cost of car insurance in North Carolina varies significantly based on the driver's record.

• With a ticket: $1,667 per year; $139 per month
• With an at-fault accident: $1,584 per year; $132 per month
• With a DWI: $4,215 per year; $351 per month

The type of violation directly impacts the increase in car insurance premiums. The more severe the violation, the higher the cost. These extra costs will continue as long as the violation remains on your driving record, which can vary by state. For example, in North Carolina, a DWI can affect your car insurance rates for several years.

The table below shows the average cost of car insurance in North Carolina for different driving records.

The average car insurance cost in North Carolina can vary significantly based on your credit score, with premiums ranging from $834 for excellent credit to $1,437 for poor credit. Your credit score is a key factor insurers use to determine your rate, where a good score could mean more affordable coverage. A good credit score ranges from 670 to 739, while excellent credit is 740 and above.

Discover the key elements that impact the average cost of car insurance in North Carolina and how these factors could affect your rates.

• Age and Driving Experience: Younger drivers often face higher insurance premiums due to inexperience, while mature drivers benefit from lower rates as they gain years of driving without major incidents.
• Driving Record: A clean driving record with no accidents or violations can lead to more affordable insurance rates, indicating responsible driving behavior to insurers.
• Credit Score: In North Carolina, your credit score can significantly influence your car insurance rates, with higher scores generally leading to more favorable premiums.
• Location Within North Carolina: Urban areas with denser traffic can result in higher insurance costs due to the increased risk of accidents, theft and vandalism.
• Vehicle Type: Your vehicle's make, model and year can affect insurance rates. Luxury and sports cars generally incur higher premiums due to costlier repairs and replacements.
• Coverage Type: The level of coverage you choose, including collision insurance and comprehensive insurance, impacts your premium. Higher coverage limits lead to higher costs.
• Insurance Claims History: Drivers with a history of filing numerous claims may be considered a higher risk, which can result in increased insurance rates.
• Marital Status: Married drivers may receive lower car insurance rates as they are statistically found to be involved in fewer accidents compared to single drivers.
• Annual Mileage: The less you drive, the lower your risk of accidents, which can lead to reduced insurance rates. Higher annual mileage can mean higher premiums.
• State Minimum Coverage: Opting for state minimum coverage can make for the most affordable option, but it may not provide comprehensive protection in all instances of accidents or damage.

To secure affordable car insurance in North Carolina, compare rates, opt for a higher deductible and utilize all possible discounts to lower premiums effectively.

Find answers to your questions and read insights on how you can better estimate your expected insurance costs.