Compare the Cheapest Car Insurance Quotes in Charlotte, NC

Charlotte's annual average rate for auto insurance is $939, more expensive than the average in North Carolina. The cheapest company is Nationwide, with an average price of $647 per year. MoneyGeek evaluated the cheapest companies by coverage level and type of driver. Additionally, MoneyGeek recommended the best companies based on quality and cost.

Loading...
By  
  |  
iconribbonbestauto insuranceCharlotte2021

The Cheapest and Best Car Insurance in Charlotte

The Cheapest Car Insurance Companies in Charlotte

The most affordable options for a full coverage auto insurance policy in Charlotte are:

  • Nationwide: $647 per year
  • Erie: $781 per year

Drivers in Charlotte can sign up for a car insurance policy for as little as $647 on average, per year, from Nationwide. Similar coverage can go for nearly twice as much if you acquire auto insurance from Progressive or MetLife, which costs an average of $1,208 and $1,213, respectively.

The prices indicated in this study are based on MoneyGeek’s sample driver profile for a 40-year-old male driver with a full coverage policy and comprehensive and collision insurance.

Scroll for more

swipe icon

Average Cost of Car Insurance in Charlotte

Charlotte$939
NC$841
U.S.$1,424

The annual car insurance rate in Charlotte is $939 on average, which is about 11.7% more expensive than the state’s $841 average annual premium. However, when you compare it with the national average of $1,424 per year, car insurance premiums in Charlotte are around 34% cheaper than elsewhere in the country.

Loading...

The Best Car Insurance Companies in Charlotte

If you’re looking for a balance of affordability and quality service, MoneyGeek recommended the best companies in Charlotte based on a unique scoring system. The top insurance providers for most drivers are:

  • Erie: MoneyGeek score of 93 out 100
  • Auto-Owners: MoneyGeek score of 90 out 100

USAA received the highest score in Charlott 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.

The final scores, which are out of 100, are based on J.D. Power user satisfaction, affordability and financial stability ratings.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:93

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

3
Auto-Owners Insurance Co
Score:90

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
North Carolina Farm Bureau
Score:88

4/5

Affordability

4/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

5
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

6
State Farm
Score:83

3/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

7
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

8
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

9
MetLife
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

10
Safeco
Score:78

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

11
Progressive
Score:78

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

12
Allstate
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

13
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

14
National General
Score:73

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

Personalized Quotes to Get You the Cheapest Car Insurance in Charlotte

How expensive your premium will be depends on a lot of factors, including your marital status, age and driving history. For that reason, you must get a personalized insurance quote so that you get the most accurate rate for you. Additionally, when you get a personalized quote as your situation changes, you may enjoy discounts and rebates.

Shopping around for car insurance in Charlotte could save you $292, which is enough to buy:


coffeeColor icon
97Cups of Coffee
computer icon
22Months of Your Favorite Streaming Service

Cheapest Car Insurance in Charlotte by Coverage Amount

The cost of car insurance in Charlotte and elsewhere depends on different factors. One of these is the amount of coverage you buy. In Charlotte, a state minimum liability-only policy costs $500 on average. A full coverage policy with higher liability limits typically costs $939 per year, a difference of $439.

North Carolina Minimum Liability Requirements

  • Item
    Description
  • 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.

Some drivers might be thinking of getting only the state-minimum liability policy, rather than full coverage, to save money. However, it’s best to compare the protection you’ll receive with each plan. For instance, State Farm’s 50/100/50 liability-only coverage costs $511 per year, while its 100/300/100 full coverage costs $799. For an average difference of $204 in annual premiums, you’ll get $100,000 for personal injury coverage (up to $300,000 per vehicle) and $100,000 for property damages.

Average Car Insurance Premiums: Liability-Only vs. Full Coverage

Liability Only
Full Coverage
Loading...

Cheapest Car Insurance in Charlotte if You Have Driving Violations

Drivers who have violations on their record are likely to pay higher rates for car insurance in Charlotte. While MetLife will not charge you more for having a speeding ticket, its premium costs an average of $719 more annually if you are at fault in an accident compared to when you have no violations. If you have a DUI, the premium is an average of $3,492 more expensive per year than it would be if you had a clean record.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    Nationwide
    $934
    $1,126
    $2,414
  • 2.
    North Carolina Farm Bureau
    $1,177
    $1,177
    $3,053
  • 3.
    Erie
    $1,190
    $1,190
    $3,120
  • 4.
    State Farm
    $1,205
    $1,205
    $3,226
  • 5.
    GEICO
    $1,499
    $1,262
    $4,213
  • 6.
    Travelers
    $1,477
    $1,712
    $4,404
  • 7.
    MetLife
    $1,213
    $1,933
    $4,706
  • 8.
    Progressive
    $1,664
    $1,664
    $4,648
  • 9.
    Allstate
    $1,681
    $2,356
    $4,751

Average Cost of Car Insurance by Postal Code

In Charlotte, ZIP code is also a factor that can affect car insurance rates. ZIP code 28215 is the most expensive part of the city for auto coverage at an average of $1,094 a year. That’s around $302 more expensive than the cheapest ZIP code, which is 28269. This difference likely means that 28215 has more accidents, thefts or uninsured drivers compared to the rest of the ZIP codes in the city.

  • Zip Code
    State Minimumper year
  • 28269
    $792
  • 28277
    $843
  • 28227
    $885
  • 28216
    $1,083
  • 28215
    $1,094
iconribbontop ratedCar Insurance agentsCharlotte2021

Top Agents Offering Affordable Car Insurance in Charlotte

1. Chris Hallberg - State Farm Insurance Agent2808 The Plaza, Charlotte, NC, 28205
5 ratings
2. Matt Woodford - State Farm Insurance Agent501 S Sharon Amity Rd, Ste 200, Charlotte, NC, 28211
4 ratings
3. Allstate Insurance: Ken Costanza8133 Ardrey Kell Rd, Ste 202, Charlotte, NC, 28277
4 ratings
4. Latorre Insurance4801 E Independence Blvd, Ste 300, Charlotte, NC, 28212
3 ratings
5. Emma Allen - State Farm Insurance Agent4920 Monroe Rd, Charlotte, NC, 28205
3 ratings

Factors That Impact Insurance Costs in Charlotte

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Charlotte. How Charlotte ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities78th/300
handcuffs2 icon
Most Car Thefts87th/300
uninsured icon
Most Uninsured Motorists by State48th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall103rd/300
umbrella icon
Most Rainy Days112th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Charlotte 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.

Loading...

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.