Cary drivers pay $723 on average annually for car insurance, which is less than the state average. A MoneyGeek analysis on the cheapest insurer based on coverage and driving history found that State Farm offers the most affordable insurance on average. For drivers looking to balance quality service and cost, MoneyGeek also analyzed the best insurers in the area.
bestauto insuranceCary2021The Cheapest and Best Car Insurance in Cary
Cheapest Overall - State Farm
Best Overall - Erie
Cheapest State Minimum - State Farm
Cheapest With a Driving Violation - State Farm
The Cheapest Car Insurance Companies in Cary
The companies offering the most affordable full coverage policy on average in Cary include:
- State Farm: $512 per year
- Nationwide: $542 per year
Cost can be a major consideration when choosing the best car insurance company. State Farm offers the most affordable car insurance in Cary. On average, a policy with State Farm costs $512 per year. This is 77.7% less than the most expensive company, Allstate.
The second cheapest provider in Cary is Nationwide. A policy with Nationwide costs an average of $542 per year.
The prices mentioned are gathered by MoneyGeek based on a sample driver profile. This includes a full coverage policy along with liability insurance and comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$512
- 2.$542
- 3.$621
- 4.North Carolina Farm Bureau$628
- 5.$718
Average Cost of Car Insurance in Cary
Cary$723
NC$841
U.S.$1,424
The cost of car insurance in Cary is lower than the state and national averages.
Car insurance companies in Cary charge an average of $723 per year. This is 14% less than the average annual premium for the state and 49.2% lower than the national average.
The Best Car Insurance Companies in Cary
While cost is important, quality service is as well. For drivers who want a balance of both, MoneyGeek found the best insurers in Cary. They include:
- Erie: MoneyGeek score of 93 out of 100
- Auto-owners: MoneyGeek score of 90 out of 100
USAA received the highest score in Cary by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
Note that these scores were based on J.D. Power user satisfaction, affordability and financial stability.
1
USAA
Score:95
2
Erie
Score:93
3
Auto-Owners Insurance Co
Score:90
4
North Carolina Farm Bureau
Score:88
5
GEICO
Score:85
6
State Farm
Score:83
7
Nationwide
Score:80
8
Travelers
Score:80
9
MetLife
Score:80
10
Safeco
Score:78
11
Progressive
Score:78
12
Allstate
Score:75
13
Liberty Mutual
Score:75
14
National General
Score:73
Personalized Quotes to Get You the Cheapest Car Insurance in Cary
Auto insurance providers calculate the average car insurance rates in Cary based on many factors. These can include age, marital status, gender, coverage level and more.
For example, a 40-year-old male in Cary pays an average of $512 per year. This rate may go up (or down) over time as the driver ages, if they get a new car or their driving habits change.
Taking the time to regularly compare car insurance quotes can help you find the best rates as your life circumstances change.
Shopping around for car insurance in Cary could save you $211, which is enough to buy:
70Cups of Coffee
16Months of Your Favorite Streaming Service
Cheapest Car Insurance in Cary by Coverage Amount
In Cary or elsewhere, the amount of coverage purchased plays a significant role when it comes to price. A policy that meets North Carolina state minimums costs, on average, $376 per year. On the other hand, a full coverage policy with higher liability limits can cost an average of $723 per year. This is a difference of $347 annually.
North Carolina Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$30,000 per person, $60,000 per incident and $25,000 for property damage. The minimum coverage may not be enough if you're in a serious accident.
When looking for the cheapest car insurance in Cary, a liability-only policy could be your best option. These policies are more affordable but will only cover the costs of the other driver if you are responsible for causing an accident. Full-coverage plans are more expensive but will help pay for your expenses as well as the other driver’s if you cause an accident.
In Cary, a State Farm full-coverage policy with 50/100/50 limits costs $148 more than a liability-only policy. These coverage limits mean that your insurance company will pay $50,000 in medical expenses per person, up to $100,000 total and $50,000 in property damage costs.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$282$310
- 2.$274$303
- 3.North Carolina Farm Bureau$334$370
- 4.$335$366
- 5.$380$419
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$458$512
- 2.$510$542
- 3.North Carolina Farm Bureau$566$628
- 4.$590$621
- 5.$654$718
Cheapest Car Insurance in Cary if You Have Driving Violations
To get the best car insurance rates in Cary, you should try to maintain a clean driving record. Having a DUI, speeding ticket or at-fault accident on your driving record can cause your rates to increase.
A driver with no violations pays an average of $512 per year for a policy from State Farm. Having a speeding ticket or being at-fault in an accident can increase this rate by about $246 annually. Drivers with a DUI may pay $1,469 more per year.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$758$758$1,981
- 2.$783$943$2,029
- 3.North Carolina Farm Bureau$902$902$2,313
- 4.$943$943$2,456
- 5.$1,222$1,017$3,174
Average Cost of Car Insurance by Postal Code
Your car insurance rates may be higher or lower than the average annual premium based on where you live. Factors such as the number of accidents and car thefts can impact the average insurance rates in each neighborhood.
In Cary, drivers living in the 27519 ZIP code pay roughly $5 more per year than those living in the 27513 neighborhood.
- Zip CodeState Minimumper year
- 27519$720
- 27513$725
Insurance Providers That Serve Cary
Factors That Impact Insurance Costs in Cary
In addition to individual driver needs and history, location-specific factors like the rate of car thefts and the percentage of uninsured motorists also contribute to car insurance rates in Cary. How Cary ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Cary are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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