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.

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Last Updated: 5/16/2022
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In Fayetteville, Nationwide has the most affordable average full coverage car insurance at $653. It’s also the city’s cheapest insurance company for a state minimum policy with an annual premium of $335. Drivers with a speeding ticket will like this insurer’s price of $944 a year, too, which is the cheapest in the city. Erie is MoneyGeek’s top pick for coverage because it balances service and affordability.

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The Cheapest and Best Car Insurance in Fayetteville

The Cheapest Car Insurance Companies in Fayetteville

In Fayetteville, the most affordable auto insurance providers for full coverage policies are:

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

With an average annual premium of $653, Nationwide is the cheapest insurance company in Fayetteville. Their rate is about 94% (or $616) lower than Progressive, the most expensive insurer in the city with an average cost of $1,269 per year.

Comprehensive and collision coverage are included in full coverage car insurance policies. However, how much you pay can change based on the liability limits you choose.

Cheapest Car Insurance in Fayetteville
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    Nationwide
    $653
  • 2.
    State Farm
    $747
  • 3.
    Erie
    $797
  • 4.
    North Carolina Farm Bureau
    $814
  • 5.
    GEICO
    $819
  • 6.
    Travelers
    $1,053
  • 7.
    Allstate
    $1,100
  • 8.
    MetLife
    $1,210
  • 9.
    Progressive
    $1,269

MoneyGeek’s analysis used rates for our sample driver, a 40-year-old male driver with full coverage, as explained in our methodology.

Insurance with comprehensive and collision coverage will cost more than a liability-only policy. Even though it’s more expensive, full coverage car insurance pays for damage to your car and related losses. This can save you a lot of money in the long run.

  • Collision Insurance: This coverage pays for repairs to your car if you hit another vehicle or a stationary object.
  • Comprehensive Insurance: This protects against car repair expenses from non-collision damage. Losses can include everything from hailstorms and fire to vandalism and theft.

If you own an older and want to save money on insurance premiums, you may consider liability-only or state minimum insurance. It makes sense if the premiums for full coverage add up to more than the replacement value of your vehicle.

Compare Car Insurance Rates in Fayetteville

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Fayetteville for Minimum Coverage

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.

Cheapest Minimum Liability Car Insurance in Fayetteville
State Minimum

In North Carolina, drivers must, by law, have 30/60/25 minimum liability insurance. While this is the cheapest insurance available and will certainly reduce your monthly bill, you run the risk of being underinsured and having to pay much more out of pocket after an accident.

For example, if you cause an accident and the other driver’s medical bills total $60,000, minimum coverage insurance will only pay up to $30,000. You'll be personally responsible for paying the balance of $30,000.

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.

Cheapest Car Insurance in Fayetteville if You Have Driving Violations

Traffic violations can cause your premiums to go up, sometimes by a lot. If you’ve got a speeding ticket, have been charged with a DUI or at-fault accident, these insurance providers offer the most affordable car insurance on average in Fayetteville:

  • Cheapest after a ticket: Nationwide, $944 per year
  • Cheapest after an at-fault accident: State Farm, $1,121 per year
  • Cheapest after a DUI: Nationwide, $2,445 per year

After a ticket or a car accident, shop around for quotes to see which companies offer the most affordable rates for drivers with bad records. In the meantime, your best bet is to work on improving your record over time to lower your premiums in the future.

Cheapest Car Insurance in Fayetteville With a Violation
Speeding Ticket

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.

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.

Compare Car Insurance Rates in Fayetteville

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Fayetteville

MoneyGeek ranked the best companies in Fayetteville based on affordability and quality of customer service. According to our analysis, the best insurers in the city are:

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

The scores for the insurance companies were calculated on several factors: customer satisfaction, affordability and each insurer’s financial stability ratings. MoneyGeek used multiple resources in our analysis, including findings from consumer intelligence and data analytics company J.D. Power.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:92.5

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:87.5

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:82.5

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:77.5

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

11
Progressive
Score:77.5

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:72.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

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.

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.