bestauto insuranceHigh PointCompare the Cheapest Car Insurance Quotes in High Point, NC
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In High Point, State Farm offers the cheapest full coverage policies, on average, along with the most affordable coverage for drivers with a speeding ticket on the records. Nationwide delivers the cheapest state minimum policy, on average, in the city.
State Farm received the highest overall ranking for providers in High Point, balancing affordability with great customer service.
bestauto insuranceHigh PointThe Cheapest and Best Car Insurance in High Point
Cheapest Overall - State Farm
Cheapest State Minimum - Nationwide
Cheapest With a Driving Violation - State Farm
Best Overall - State Farm
The Cheapest Car Insurance Companies in High Point
MoneyGeek researched prices for full coverage policies from the car insurance companies in High Point. Our analysis revealed that the cheapest policies are from:
- State Farm: $533 per year
- Nationwide: $565 per year
MetLife's comparable coverage is 89% more expensive than State Farm’s rate, at an average of $1,008 yearly. These figures are averages, so your personalized rate will be different, especially after setting the amount that you need for liability insurance. A full coverage policy includes liability coverage, along with collision and comprehensive insurance.
Cheapest Car Insurance in High Point
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$533
- 2.$565
- 3.$687
- 4.North Carolina Farm Bureau$699
- 5.$794
Based on our methodology, we used a sample profile used to compute prices for a 40-year-old male driver seeking a full coverage policy.
Full coverage provides added protection and is, therefore, more expensive than a policy that only meets state minimums. A full coverage policy also includes collision and comprehensive coverage, described as follows:
- Collision insurance: pays for damages as a result of a collision, either with other moving vehicles or stationary objects
- Comprehensive insurance: covers all types of damages other than collisions, including theft, vandalism and natural disasters
Buying a full coverage policy is advisable for drivers with new cars. Drivers with older vehicles can consider buying coverage that meets state minimums only, as full coverage costs may exceed the value of the car itself.
Compare Car Insurance Rates in High Point
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in High Point for Minimum Coverage
Generally, state minimum policies offer the most affordable option. On average, the following companies in High Point offer the cheapest rates for minimum coverage:
- State Farm: $285 per year
- Nationwide: $278 per year
On average, MetLife features the most expensive rates for minimum coverage in the city, at an average cost of $511 per year.
Although a state minimum policy offers the most budget-friendly choice, its coverage comes with the risk of being underinsured following an accident. Use the following table to see how rates change with different coverage levels.
Cheapest Minimum Liability Car Insurance in High Point
State Minimum
- CompanyState Minimumper year
- 1.$278
- 2.$285
- 3.$362
- 4.North Carolina Farm Bureau$363
- 5.$403
State minimum policies offer a strong option for drivers on a tight budget. However, liability-only insurance may not offer enough protection after an accident. Legal requirements in North Carolina on automobile insurance specify that drivers must carry a minimum of 30/60/25 personal liability insurance.
If you caused an accident that resulted in property damage amounting to $30,000, the $5,000 remainder after meeting the $25,000 coverage limit would be paid out of pocket.
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.
Cheapest Car Insurance in High Point if You Have Driving Violations
A bad driving history can increase your car insurance rates. Particularly, insurance providers calculate the amount of risk for insuring drivers with a speeding ticket, an at-fault accident or a DUI on their records.
On average, companies that offer the best rates for the following violations are:
- Cheapest after a ticket: State Farm, $787 per year
- Cheapest after an at-fault accident: State Farm, $787 per year
- Cheapest after a DUI: State Farm, $2,056 per year
If you seek to lower your annual rates, improving your driving habits is the best solution. Drivers should also compare rates from companies that offer the lowest car insurance cost after an accident.
Cheapest Car Insurance in High Point With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$787
- 2.$815
- 3.North Carolina Farm Bureau$1,006
- 4.$1,008
- 5.$1,044
Average Cost of Car Insurance in High Point
High Point$777
NC$841
U.S.$1,424
The average cost of car insurance in High Point is lower than both the state and national averages. Car insurance, on average, costs $1,424 per year in the United States. Drivers in High Point pay an annual average rate of $777 for car insurance, which is 45.4% lower. Compared with the average cost of car insurance in North Carolina, policies in High Point are more affordable by 7.6%. That’s a difference of $64 per year.
Personalized Quotes to Get You the Cheapest Car Insurance in High Point
Several factors influence the rate of car insurance in High Point. Insurers consider your marital status, driving experience and driving record. Regularly comparing car insurance quotes from different companies in High Point is encouraged — you never know when you’ll become eligible for new discounts or rebates due to changing circumstances.
Compare Car Insurance Rates in High Point
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in High Point
MoneyGeek ranked the best car insurance companies in High Point according to average rates, claims ratings and user satisfaction reputation. Our study found that the city’s highest-scoring auto insurance providers are:
- State Farm: MoneyGeek score of 95 out of 100
- Nationwide: MoneyGeek score of 86 out of 100
Other insurers available in High Point drivers in the city can consider include Erie, North Carolina Farm Bureau and GEICO, which gained MoneyGeek scores of 79, 78 and 70, respectively.
1
State Farm
Score:95
State Farm is High Point’s top-scoring car insurance company, with excellent scores for affordability, satisfaction and claims. With an average cost of $533 per month, it’s also the most affordable in the city. It offers rideshare insurance as an add-on coverage, which is only occasionally available with other insurers.
More About State Farm
If you’re a rideshare company employee in High Point, you can take advantage of State Farm’s rideshare coverage. The optional endorsement ensures that your medical, roadside assistance and rental car reimbursement is in effect, filling the gap between your personal and your employer’s car insurance.
As long as your app is on and you’re available for hire, all coverages from your personal car insurance policy will remain active. Once you’ve matched and are transporting a passenger, all coverages, except liability insurance, remain.
Read MoneyGeek's State Farm auto Insurance Review2
Nationwide
Score:86
With high scores in affordability, satisfaction and claims, Nationwide is MoneyGeek’s runner-up auto insurance provider in High Point. At approximately $565 per year, it’s also the city’s second-cheapest provider. This company has various unique optional coverage options, including a total loss deductible waiver.
More About Nationwide
Nationwide offers seven add-on endorsements to drivers in High Point, with five of those not often made available by other car insurance companies. The total loss deductible waiver, for example, is a unique coverage that pays your deductible for your comprehensive or collision insurance in case your car is totaled in an accident.
Nationwide also has accident forgiveness coverage. It’s another rare endorsement that prevents your premium from increasing after your first at-fault accident, provided that you’ve been accident-free for the past three years.
Read MoneyGeek's Nationwide auto Insurance Review3
Erie
Score:79
4
North Carolina Farm Bureau
Score:78
5
GEICO
Score:70
6
Travelers
Score:54
7
Progressive
Score:46
8
MetLife
Score:35
9
Allstate
Score:28
Average Cost of Car Insurance by Postal Code
Different postal codes may result in different rates for car insurance in High Point. Your ZIP code determines the risk level of your neighborhood. Areas with more accidents, auto thefts or uninsured motorists have more expensive car insurance premiums. You can use ZIP codes to compare car insurance rates across North Carolina.
Those who live in ZIP code 27265 pay an average of $709 each year for car insurance in High Point. In comparison, car insurance for drivers in ZIP code 27260 costs $136 more. Their premiums reach an annual average of $845.
- Zip CodeState Minimumper year
- 27265$709
- 27260$845
Factors That Impact Insurance Costs in High Point
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in High Point. How High Point ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
About Mark Fitzpatrick
sources
- NC Department of Insurance. "A Consumer’s Guide to Automobile Insurance." Accessed November 23, 2021.