High Point drivers pay an average of $777 for car insurance per year, which is 7.6% lower than the state average. The cheapest policy is from State Farm, costing $533 annually on average. MoneyGeek determined the cheapest policies by riding history and coverage amounts. In this guide, we recommend the best car insurance companies in High Point for drivers looking for quality service and affordability.
Compare the Cheapest Car Insurance Quotes in High Point
The Cheapest and Best Car Insurance in High Point
The Cheapest Car Insurance Companies in High Point
You can purchase full coverage policies from the best car insurance companies in High Point. The cheapest policies are from:
- State Farm: $533 per year
- Nationwide: $565 per year
MetLife offers a policy with similar coverage, which is 89.1% more expensive than State Farm’s rate. It costs $1,008 yearly — higher than the average car insurance rate in High Point by $231.
The profile used to compute prices is for a 40-year-old male driver with a full coverage policy that includes liability coverage, along with collision and comprehensive insurance. Liability insurance covers third-party injuries and property damage, while collision and comprehensive insurance covers your own injuries and repairs.
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Average Cost of Car Insurance in High Point
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 to 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.
The Best Car Insurance Companies in High Point
MoneyGeek ranked several providers to find the company that offers the best insurance for your car in High Point. If you’re looking for both affordability and quality service, you can purchase policies from:
- Erie: 92.5 out of 100
- Auto-Owners: 90 out of 100
MoneyGeek used a unique system factoring in affordability, financial strength and customer experience ratings from J.D. Power to rank car insurance companies in High Point. USAA ranked first in this analysis, but their policies aren’t widely available since only military personnel can purchase them.
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.
Shopping around for car insurance in High Point could save you $244, which is enough to buy:
Cheapest Car Insurance in High Point by Coverage Amount
Of the different factors contributing to car insurance rates in High Point, the amount of coverage you purchase impacts pricing the most. A policy that only meets the minimum requirements of North Carolina costs $397, but a full coverage policy with higher liability limits is more expensive. It costs $777 — a difference of $380 every year.
North Carolina Minimum Liability Requirements
- 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.
Comparing policies with varying coverage levels can help you find the right policy for your needs. If the price difference between liability-only and full coverage policies is minimal, it may be a better idea to purchase the latter.
For example, a 50/100/50 liability-only policy from State Farm costs $319, while a full coverage policy with the same limits costs $470. The 50/100/50 limits mean that the policy covers medical bills up to $50,000 per person, with $100,000 for injuries per accident and $50,000 for property damage. Liability-only may be a cheap car insurance option in High Point, but it doesn’t include collision and comprehensive insurance.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- 3.North Carolina Farm Bureau$363$405
- Company50 / 100 / 50per year100 / 300 / 100per year
- 3.North Carolina Farm Bureau$630$699
Cheapest Car Insurance in High Point if You Have Driving Violations
Insurers consider your riding record when computing car insurance rates in High Point. The average rate of car insurance in High Point for drivers with a clean record is $777 per year, but premiums increase depending on your violations.
For instance, a Nationwide policyholder with no violations pays an average of $565 for car insurance. However, a speeding ticket bumps that rate to $815, while an at-fault accident increases average costs to $979. A DUI is the costliest violation, as it adds a whopping $1,542 more than insurance for a driver with a clean record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 3.North Carolina Farm Bureau$1,006$1,006$2,591
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
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.
Methodology and Assumptions
MoneyGeek’s average premium rates for High Point 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.
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