How Much is Car Insurance in North Carolina? Rates by Coverage Level, Age, Driving History and Location

On average, North Carolina car insurance rates are some of the cheapest in the country: $841 yearly, compared to a national annual average of $1,424. MoneyGeek bases these average rates on quotes from different insurers in different locations for a sample driver. We also analyze average car insurance costs in North Carolina related to coverage level, age, driving history, credit score and location.

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The average cost of car insurance in North Carolina for a 40-year-old driver with a full coverage policy and a clean record is $841 per year. If the same driver bought a minimum coverage policy, they would pay $436 per year. Younger drivers pay significantly higher rates when applying for their own policies.

These rates vary depending on the driver’s profile. To help you understand how the rates change, MoneyGeek broke down the average car insurance rates in North Carolina for different categories.

Average Cost of Car Insurance in North Carolina: Summary

In North Carolina, age most significantly affects prices, over coverage level, driving record and credit score. Your coverage level is the second-most important factor.

MoneyGeek breaks down average car insurance costs in North Carolina by the most significant elements. To find out more about the rates for your particular profile, you can look up the average costs of car insurance.

Average Costs of Car Insurance in North Carolina

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Why Are Car Insurance Rates Cheap in North Carolina?

Car insurance rates vary depending on the state due to factors such as traffic density, vehicle thefts and the rates of uninsured motorists.

Compared to the national average, North Carolina car insurance rates are one of the cheapest in the country. The state's low rate of uninsured drivers and low incidences of vehicle theft and natural disasters in North Carolina help to keep rates low.

Average Cost of Car Insurance in North Carolina: Full Coverage vs. Minimum Coverage

North Carolina car insurance rates largely depend on the amount of coverage you buy. The average cost of a 100/300/100 full coverage policy, as defined in MoneyGeek’s methodology, is $841 per year, while a minimum coverage policy costs $436 per year. You will pay an average of $405 more yearly in North Carolina for full coverage with comprehensive and collision insurance.

Average Cost of Car Insurance in North Carolina by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in North Carolina - By Company

In North Carolina, car insurance rates also vary significantly depending on the insurer. The cheapest option in North Carolina for both a minimum coverage car insurance policy and a full coverage policy is Nationwide. For current and former members of the military, USAA is also an affordable option.

The most expensive option for a minimum coverage policy is Metlife, while Progressive has the highest costs for a full coverage policy.

Average Annual Costs of Car Insurance in North Carolina - By Company

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How Much Is Car Insurance in North Carolina by Age

Age ranks as one of the most significant factors affecting North Carolina car insurance rates. On average, a 40-year-old in North Carolina will pay $841 per year for car insurance. A 16-year-old, however, will pay an average of $2,060 for their own car insurance policy in the state.

Since young drivers and first-time drivers are considered a high-risk category due to inexperience, car insurance rates for these drivers are similarly high. However, to save on car insurance costs, young drivers can save by joining their parent’s car insurance policy.

Average Costs of Full Coverage Car Insurance in North Carolina - By Age

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How Does Driving History Affect Car Insurance Costs in North Carolina?

Drivers in North Carolina with poor driving records will pay higher rates for car insurance than individuals with clean records. If you have a speeding ticket on your record, you will pay an average of $1,193 yearly for car insurance — $351 more than a driver with a clean driving record. These costs increase significantly with the severity of the violation on your record.

Average Costs of Full Coverage Car Insurance in North Carolina - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $841
  • Speeding Ticket
    $1,193
  • At-Fault Accident
    $1,345
  • DUI
    $3,397

Credit Scores and the Cost of Car Insurance in North Carolina

Individuals in North Carolina with excellent credit scores pay lower premiums than drivers with poorer credit scores. If you have an excellent credit score, you will pay up to $84 less yearly compared to someone with a good credit score.

A driver with a poor credit score in North Carolina will pay an average of $1,024 yearly for car insurance, while a driver with a good credit score will pay up to $219 less at $805 per year. Drivers with poor credit scores can still research affordable car insurance options for drivers with bad credit.

Average Costs of Full Coverage Car Insurance in North Carolina - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $721
  • Good
    $805
  • Fair
    $875
  • Below Fair
    $934
  • Poor
    $1,024

How Much Is Car Insurance in Your City?

While car insurance rates typically vary depending on the state, rates can also vary greatly within the state. On average, cities with high populations or incidences of accidents and car thefts will typically have higher car insurance rates.

In North Carolina, Winston-Salem is the cheapest city for car insurance at an average cost of $718 per year — up to 14% cheaper than the state average. Fayetteville is the most expensive city for car insurance in North Carolina at $940 yearly, reaching 11% higher than the state average.

Average Costs of Full Coverage Car Insurance in North Carolina - By City

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Frequently Asked Questions About North Carolina Car Insurance Rates

MoneyGeek provides additional information on car insurance in North Carolina by answering some frequently asked questions.

Methodology

MoneyGeek collected car insurance quotes in collaboration with Quadrant Information Services across North Carolina. These policies covered a 40-year-old driver with a safe driving record purchasing full coverage as described on our methodology page, unless altered by factors such as coverage level, age, driving violations and credit score.

MoneyGeek also analyzed data as follows:

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration
  • Information on uninsured motorists was drawn from 2019 data from the Insurance Research Council
  • Urban share of the population was calculated using the latest data from the U.S. Census Bureau
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.