Compare the Cheapest Car Insurance Quotes in High Point

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.

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Last Updated: 5/16/2022
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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.

Erie received the highest overall ranking for providers in High Point, balancing affordability with great customer service.

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The Cheapest and Best Car Insurance in High Point

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
  • Company
    100/300/100per year
  • 1.
    State Farm
    $533
  • 2.
    Nationwide
    $565
  • 3.
    Erie
    $687
  • 4.
    North Carolina Farm Bureau
    $699
  • 5.
    GEICO
    $794
  • 6.
    Travelers
    $821
  • 7.
    Allstate
    $891
  • 8.
    Progressive
    $996
  • 9.
    MetLife
    $1,008

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-cover policy also includes collision and comprehensive coverage, described as follows:

  • Collision Insurance: This coverage pays for damages as a result of a collision, either with other moving vehicles or stationary objects.
  • Comprehensive Insurance: This insurance covers all types of damages other than collisions, including theft, vandalism, natural disasters, etc.

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.

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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.

While 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

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 $20,000 coverage limit would be paid out-of-pocket.

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 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, at-fault accident or 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

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 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.

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.

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The Best Car Insurance Companies in High Point

MoneyGeek ranked several High Point car insurance providers to find the company that offers overall policies in the city. 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 we did not include the company in our rankings. Only members of the military and their families qualify for its policies.


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

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 Code
    State 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.

accident2 icon
Most Accidents With Fatalities181st/300
handcuffs2 icon
Most Car Thefts79th/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 Days115th/300

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.

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters and award-winning journalists. Learn more about the MoneyGeek team.


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