Cheapest and Best Car Insurance in Fayetteville, NC (August 2024)

In Fayetteville, North Carolina, the ideal insurer may vary. North Carolina Farm Bureau leads for minimum and full coverage car insurance. It is also the best overall for balancing costs and service. For families with teens, State Farm is the most cost-effective option. Erie tops the list for providing the best service. Ultimately, the right choice aligns with your specific needs and coverage preferences.

MoneyGeek found that North Carolina Farm Bureau offers the most affordable minimum coverage car insurance in Fayetteville. For drivers looking for the cheapest car insurance, it's essential to compare quotes. Here are the top two most affordable providers:

• North Carolina Farm Bureau: $329 per year
• State Farm: $376 per year

Kemper has the highest average annual premium for minimum coverage in Fayetteville at $1,219. This $890 price difference between the cheapest and most costly options underscores the significance of shopping around to ensure you get the best possible rate on your car insurance.

In every corner of North Carolina, state law sets car insurance coverage. Being legal on the road means carrying at least the minimum protection:

• $30,000 bodily injury per person
• $60,000 bodily injury per accident
• $25,000 property damage liability per accident
• $30,000 uninsured motorist bodily injury per person
• $60,000 uninsured motorist bodily injury per accident
• $25,000 uninsured/Underinsured property damage coverage

If you're at fault in an accident and have a minimum coverage policy, it will cover up to $30,000 for injuries per person. If medical bills exceed your policy's limit, you would be responsible for the difference, paying directly from your pocket. It's established law to ensure everyone on the road is protected.

MoneyGeek found that North Carolina Farm Bureau offers the cheapest full coverage car insurance in Fayetteville. Here are the most affordable providers:

• North Carolina Farm Bureau: $639 per year
• State Farm: $690 per year

Kemper offers the most expensive full coverage policy in Fayetteville at around $2,486 per year — a significant $1,847 difference from the most affordable option. This rate disparity underscores the importance of comparing rates for full coverage car insurance, which typically costs more than minimum coverage due to its comprehensive protection against various incidents.

Alongside the raised liability limits, full coverage insurance consists of both comprehensive and collision coverages:

• Collision Insurance: This covers the costs of repairing your car when it's damaged from hitting another car or object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This deals with expenses for car repairs due to non-collision incidents, such as theft, vandalism, fires, natural disasters or being struck by an animal like a deer.

For those who own a new vehicle, opting for a full coverage policy is a wise decision to protect your financial outlay. However, owners of older cars might find that the added cost is not justified due to the significant increase in premiums. Making an informed choice about the right car insurance for your needs involves a balance between cost and safety. It's essential to weigh the benefits of extensive coverage against the likelihood of paying higher rates, with the risk that lower coverage might leave you inadequately insured.

MoneyGeek found that North Carolina Farm Bureau is the cheapest option in Fayetteville for drivers with a poor driving record looking for full coverage insurance. Here are the most affordable rates for each offense:

• Speeding Ticket: North Carolina Farm Bureau ($916 per year)
• At-Fault Accident: North Carolina Farm Bureau ($843 per year)
• DUI: North Carolina Farm Bureau ($2,319 per year)

Kemper has the most expensive rates for these offenses, at an average of $4,527 per year for speeding tickets, $3,618 for at-fault accidents and $10,789 for DUIs. The rate after a DUI is $1,403 higher than after a speeding ticket, illustrating how much more costly insurance can become following more severe driving violations.

Insurance rates tend to increase with the severity of a driving offense due to the higher risk insurers associate with drivers with violations. For instance, Fayetteville drivers with a DUI may face an average annual rate of $6,726, significantly higher than the $2,671 average for those with a speeding ticket. This stark rate contrast highlights the crucial need for individuals with driving offenses to diligently compare insurance quotes to ensure they find the most cost-effective coverage.

MoneyGeek found that State Farm offers the most affordable full coverage car insurance for female and male teens in Fayetteville. For families searching for the cheapest car insurance for teens, consider the following options:

• State Farm: $1,579 per year for female and male teens
• Nationwide: $1,693 per year for female and male teens

These rates reflect the cost of a policy covering two parents and a teenager. GEICO has the most expensive policy for teen family coverage in Fayetteville, with an annual rate of $4,541 for female and male teens. The rate difference underscores the importance of comparing rates to secure financial savings, particularly when adding a higher-risk teen driver to your policy.

In Fayetteville and many other cities, the financial burden of securing car insurance is notably heavier for teens purchasing policies independently. A teen will face an individual annual premium of around $4,051 compared to $3,099 when included in a family plan — a substantial difference of $952. Insurance companies set higher rates for individual teen policies due to the increased risk factor associated with younger drivers and their lack of driving experience. Consequently, teens may find it challenging to obtain approval for individual policies, as insurers may be hesitant to underwrite policies for high-risk drivers without the buffer of a shared family policy.

MoneyGeek found that North Carolina Farm Bureau offers the cheapest car insurance for military backgrounds in Fayetteville.

• North Carolina Farm Bureau: $639 per year
• State Farm: $690 per year

Although USAA is not included in this study, it is known to conduct business in North Carolina. It offers competitive pricing and services that cater to the needs of active-duty military members nationwide.

Comparing car insurance rates in Fayetteville can yield significant savings. However, this process demands a substantial time investment of approximately 15 minutes per insurer. A thorough comparison of three or more companies may take over an hour.

MoneyGeek's car insurance calculator streamlines this task, instantly providing estimates by scrutinizing significant factors affecting car insurance costs in Fayetteville. You can receive rate estimates swiftly by inputting details like age, driving history, credit score and coverage preferences.

Finding the best auto insurance in Fayetteville hinges on your priorities, including the weight you place on factors such as service quality, cost-effectiveness and breadth of coverage. Adopting unique scoring metrics across various categories, MoneyGeek has identified top insurers suited to varying needs:

• Best Overall: North Carolina Farm Bureau (MoneyGeek score 91 out of 100)
• Best for Service: Erie (MoneyGeek score 85 out of 100)
• Best Cheap: North Carolina Farm Bureau (MoneyGeek score 91 out of 100)

North Carolina Farm Bureau is the leading option in the best overall and best cheap categories. Its offerings stand out for those seeking exceptional overall value and affordability without significantly compromising on service. Meanwhile, those prioritizing premium service quality may find Erie their top pick.

MoneyGeek found that North Carolina Farm Bureau offers the best car insurance in Fayetteville.

• North Carolina Farm Bureau: MoneyGeek score of 91 out of 100 ($639 per year)
• Erie: MoneyGeek score of 88 out of 100 ($774 per year)

North Carolina Farm Bureau's exceptional satisfaction and affordability scores indicate policyholders' contentment with the service and the economic value of the insurance offered. Its score reflects a full coverage policy, ensuring a comprehensive suite of protections for Fayetteville drivers.

MoneyGeek found that Erie is the best option in Fayetteville for car insurance, focusing on customer service. This top rank reflects the insurer's commitment to overall satisfaction, claims handling and coverage quality, regardless of rates.

• Erie: MoneyGeek score of 85 out of 100 ($774 per year)
• North Carolina Farm Bureau: MoneyGeek score of 84 out of 100 ($639 per year)

Erie excels in Fayetteville due to its high scores in customer satisfaction and coverage options. Notably, its coverage score significantly contributes to its top MoneyGeek score. Erie's comprehensive protection and service quality make it a top choice.

MoneyGeek found that North Carolina Farm Bureau offers the best option for affordable car insurance in Fayetteville, with a focus on price, claims handling and customer satisfaction. Here are the top two providers:

• North Carolina Farm Bureau: MoneyGeek score of 91 out of 100 ($329 per year)
• Erie: MoneyGeek score of 89 out of 100 ($379 per year)

North Carolina Farm Bureau's exceptional affordability contributes heavily to its high MoneyGeek score. Its balance of quality service in claims handling and customer satisfaction solidifies its position, especially for minimum coverage policies. Its success is a testament to its commitment to offering comprehensive value to its customers.

The average car insurance cost in Fayetteville, North Carolina, is $1,308 per year. It is significantly higher than the state average of $1,051, with Fayetteville residents paying an additional $257. North Carolina's average premium is substantially lower than the national average of $1,781 — a difference of $730.

Car insurance rates are influenced by various factors such as personal driving history, vehicle type and coverage levels. However, geographic location is a particularly significant determinant. Location matters because it affects risk exposure due to traffic density, road conditions and theft rates, among other considerations. For instance, the most expensive city for car insurance in North Carolina is Fayetteville, with an average annual premium of $1,308, while the cheapest is Durham at $914 per year — a notable difference of $394. Insurance rates may be even more economical in less populated, non-city areas with lower traffic congestion.