Compare the Cheapest Car Insurance Quotes in Fayetteville, NC

Based on MoneyGeek’s study, the average rate of car insurance in Fayetteville is $940 per year, which is higher than the state average. Nationwide, with an average annual rate of $653, is the cheapest insurer. MoneyGeek analyzed the most affordable by coverage amount and driving profile. If you’re concerned about quality and cost, MoneyGeek recommended the best companies in Fayetteville.

Loading...
By  
  |  
iconribbonbestauto insuranceFayetteville2021

The Cheapest and Best Car Insurance in Fayetteville

The Cheapest Car Insurance Companies in Fayetteville

The cheapest Fayetteville auto insurers for a driver with a full coverage policy are:

  • Nationwide: $653 per year
  • State Farm: $747 per year

The difference in the rates offered by car insurance companies in Fayetteville can reach hundreds of dollars. Nationwide policyholders pay the most affordable average annual premium in this city at $653, which is $287 lower than the city average. In terms of affordability, the top five companies include State Farm, Erie, North Carolina Farm Bureau and GEICO.

The insurance carrier with the most expensive average policy in Fayetteville is Progressive. The average annual premium for its policy is $1,269, which is $329 more than the city average and almost double the annual premium for a similar policy from Nationwide.

MoneyGeek collected auto insurance rates based on a 40-year-old male driver whose full coverage policy includes liability insurance and comprehensive and collision insurance.

Scroll for more

swipe icon

Average Cost of Car Insurance in Fayetteville

Fayetteville$940
NC$841
U.S.$1,424

The average cost of auto insurance in Fayetteville is $940, which is slightly higher than the typical state annual premium but less expensive than the national average. Specifically, Fayetteville drivers pay 11.8% more than the state average but 34% less than the average annual premium in the United States.

Loading...

The Best Car Insurance Companies in Fayetteville

If you value both affordability and quality of service, MoneyGeek ranked the best companies in Fayetteville. The best insurers in the city for most drivers are:

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

USAA received the highest score in Fayetteville 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 ratings are based on MoneyGeek’s scoring system that includes J.D. Power user satisfaction, affordability and financial stability.


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 Fayetteville

Car insurance companies in Fayetteville also use individualized factors to determine annual premiums, such as age, gender, marital status, credit score, driving history, vehicle make and model and miles driven per year. For instance, a GEICO policy for a 40-year-old male has a typical annual premium of $819, while a 70-year-old male can expect to pay around $929 for a similar plan. On the other hand, the rate for an 18-year-old male is $1,176.

As time goes by, your circumstances may change. Therefore, you should regularly get personalized quotes and compare rates from several insurance providers. This way, you can make sure that your policy suits your needs, and you can also find out if you qualify for discounts and rebates.

Shopping around for car insurance in Fayetteville could save you $287, which is enough to buy:


coffeeColor icon
96Cups of Coffee
computer icon
22Months of Your Favorite Streaming Service

Cheapest Car Insurance in Fayetteville by Coverage Amount

One of the biggest considerations in determining the price of your car insurance in Fayetteville or elsewhere is the amount of coverage you buy. A state minimum liability-only coverage in Fayetteville costs $480 on average. A full coverage policy typically costs almost twice as much at roughly $460 more or an average of $940 per year.

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.

Before deciding on a policy, you should also ask yourself what coverage level suits your circumstances and needs. Do you think a minimum liability-only policy will be enough? You can get an annual premium for around $335 with Nationwide.

However, if you need additional coverage, then you may want to get a 50/100/50 liability-only or full-coverage policy. State Farm offers the smallest difference between the two options — their 50/100/50 liability-only coverage costs $457 per year on average, and you can get full coverage by adding around $211.

You can also opt for a 100/300/100 full-coverage plan if you want more comprehensive protection. The cheapest rate for this coverage level is from Nationwide at an average of $653 per year.

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

Liability Only
Full Coverage
Loading...

Cheapest Car Insurance in Fayetteville if You Have Driving Violations

A driver who maintains a clean record is more likely to get cheap car insurance in Fayetteville. Having speeding tickets, DUI convictions or at-fault accidents increases the rates you’ll need to pay. For example, a Fayetteville driver with no violations pays an average of $653 for a Nationwide policy. If you have a speeding ticket, your average annual premium for a similar policy will be $944.

Do you have an at-fault accident on your record? If so, the rate will increase to $1,131 on average. A DUI conviction leads to the biggest increase, as your annual premium for a Nationwide policy will jump to an average of $2,445.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    Nationwide
    $944
    $1,131
    $2,445
  • 2.
    State Farm
    $1,121
    $1,121
    $2,991
  • 3.
    North Carolina Farm Bureau
    $1,175
    $1,175
    $3,044
  • 4.
    Erie
    $1,214
    $1,214
    $3,186
  • 5.
    GEICO
    $1,429
    $1,210
    $4,148
  • 6.
    MetLife
    $1,210
    $1,927
    $4,688
  • 7.
    Travelers
    $1,595
    $1,788
    $4,677
  • 8.
    Allstate
    $1,619
    $2,246
    $4,558
  • 9.
    Progressive
    $1,749
    $1,749
    $4,893

Average Cost of Car Insurance by Postal Code

Car insurance companies in Fayetteville also consider your address to determine your annual premium. In some cities, this can lead to a difference of hundreds of dollars in premium cost, but that’s not the case in Fayetteville. On average, annual premiums in the city based on ZIP code vary by just $4.

  • Zip Code
    State Minimumper year
  • 28306
    $938
  • 28314
    $942

Factors That Impact Insurance Costs in Fayetteville

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 Fayetteville. How Fayetteville 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 Fatalities94th/300
handcuffs2 icon
Most Car Thefts100th/300
uninsured icon
Most Uninsured Motorists by State48th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall76th/300
umbrella icon
Most Rainy Days119th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Fayetteville 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.