Compare the Cheapest Car Insurance Quotes in Raleigh, NC

Car insurance providers charge an average of $844 per year in Raleigh. This amount is higher than the state average by only $3. The most affordable auto insurance company in the city is Nationwide, charging $599 per year on average. If you are looking for cheap yet high-quality coverage, MoneyGeek ranked insurance providers in Raleigh based on various coverage levels and driving histories to ensure that you find an option that fits your needs.

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

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Last Updated: 5/16/2022
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Nationwide offers the cheapest rates in Raleigh, both for full coverage at roughly $599 and a state minimum coverage at $309 on average per year. Nationwide is the best option for drivers with a speeding ticket. Balancing service and affordability, drivers in Raleigh can see great deals from Erie, the best company in the city overall.

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The Cheapest and Best Car Insurance in Raleigh

The Cheapest Car Insurance Companies in Raleigh

The insurance companies that provide the lowest average rates for a full coverage policy in Raleigh are:

  • Nationwide: $599 per year
  • State Farm: $649 per year

On average, Nationwide’s full coverage policy is the cheapest among the city and is roughly $484 cheaper than a policy from Progressive, which costs an average of $1,083 per year. These rates for full includes comprehensive, collision and liability insurance. Because these are averages, your rates could go up or down depending on the liability coverage and driver profile.

Cheapest Car Insurance in Raleigh
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    Nationwide
    $599
  • 2.
    State Farm
    $649
  • 3.
    Erie
    $726
  • 4.
    North Carolina Farm Bureau
    $738
  • 5.
    GEICO
    $841
  • 6.
    Travelers
    $879
  • 7.
    Allstate
    $1,000
  • 8.
    MetLife
    $1,081
  • 9.
    Progressive
    $1,083

These average rates are for a 40 year old sample driver looking for a full coverage policy in Raleigh. The full limits are on our methodology page.

In terms of cost, a full coverage policy is a bit higher since it will have two types of coverage besides the state-minimum liability insurance. These include:

  • Collision Insurance: Provides coverage for collision damages when you hit another vehicle or a stationary object.
  • Comprehensive Insurance: Provides coverage for expenses that are not a result of a collision which would include repairs, damages from natural disasters, theft, vandalism, etc.

A full coverage policy is generally recommended if you have a newer car. If you have an older car and decide to get full coverage, you may end up paying more in premiums than what your car is worth. In this case, it might be better to get state minimum liability insurance.

Compare Car Insurance Rates in Raleigh

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 Raleigh for Minimum Coverage

Getting the minimum car insurance offers the cheapest rates. On average, the two cheapest auto insurance companies in Raleigh for drivers looking for minimum coverage are:

  • Nationwide: $309 per year
  • State Farm: $360 per year

In comparison, MetLife has the most expensive rates in Raleigh at an average of $561 per year. While a state minimum policy in Raleigh will have the cheapest rates, these policies come with risk as they will not have comprehensive and collision insurance like a full coverage policy. The table will show you how rates change as you require higher liability limits.

Cheapest Minimum Liability Car Insurance in Raleigh
State Minimum

State minimum coverage is your best option in Raleigh if you’re looking for the cheapest rates possible. Unfortunately, it provides the least protection as it only covers liability damages, as required by North Carolina law on automobile insurance. You might be able to save on premiums, but since the policy has limited coverage, expect to pay more out of pocket if you are in an accident. For example, if repairs for damages cost $70,000 and you have a property damage liability limit of $50,000, you’ll pay the remaining $20,000 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 Raleigh if You Have Driving Violations

Car insurance companies look at your driving record when determining rates. Drivers with violations such as a ticket, DUI or an at-fault accident should expect rates to be higher than average.

On average, the companies with the cheapest rates for bad drivers are:

  • Cheapest after a ticket: Nationwide, $865 per year
  • Cheapest after an at-fault accident: State Farm, $967 per year
  • Cheapest after a DUI: Nationwide, $2,239 per year

It is possible for bad drivers to improve their record over time to reduce their rates. In the meantime, it pays to shop around for the cheapest rates after a ticket or an accident to get the lowest premium possible.

Cheapest Car Insurance in Raleigh With a Violation
Speeding Ticket

Average Cost of Car Insurance in Raleigh

Raleigh$844
NC$841
U.S.$1,424

The average annual car insurance rate in Raleigh is $844, which is slightly higher than the state average annual premium of $841. However, this rate is lower than the national average. Raleigh drivers pay 40.8% lower than the $1,424 average annual premium in the United States.

Personalized Quotes to Get You the Cheapest Car Insurance in Raleigh

Car insurance companies in Raleigh evaluate risks related to a driver depending on several factors like age, gender, driving history, car make and model, coverage level and marital status. For instance, if you are a 40-year-old male in the city, you can enjoy the cheapest annual premium of $599. However, if you are a 70-year-old male, you will have to pay up to $1,083.

Generally, teen drivers have higher premiums. So, if you are an 18-year-old male looking for auto insurance in Raleigh, Progressive will give you the most expensive rate of $2,291. GEICO provides the lowest rate for 18-year-old male drivers in Raleigh, with a premium of $1,203. Since your circumstances may change over time, it is best to get personalized car insurance quotes in Raleigh regularly.

Compare Car Insurance Rates in Raleigh

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 Raleigh

If you want to balance quality service and affordability, you can use MoneyGeek’s scoring system to identify the best insurer for your profile.

According to MoneyGeek’s research, the best car insurance carriers in the city for most drivers are:

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

USAA received the highest score in Raleigh by MoneyGeek's rating system. However, because USAA is only available to military families, it is not listed as best overall.

MoneyGeek’s ranking methodology consists of various factors, including J.D. Power’s user satisfaction, financial stability and affordability scores.


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

The highest and lowest car insurance rate in Raleigh based on the ZIP code is $759 and $894, respectively, which means the difference between the most affordable and most expensive neighborhoods is $135. Car insurance rates differ by zip code due to factors like theft rates and accident rates. Drivers living in ZIP code 27613 enjoy the most affordable premium, while those from 27616 pay the highest.

  • Zip Code
    State Minimumper year
  • 27613
    $759
  • 27603
    $828
  • 27610
    $894
  • 27616
    $894

Factors That Impact Insurance Costs in Raleigh

In addition to individual driver needs and history, location-specific factors like the rate of car thefts and the percentage of uninsured motorists also contribute to car insurance rates in Raleigh. How Raleigh 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 Fatalities186th/300
handcuffs2 icon
Most Car Thefts33rd/300
uninsured icon
Most Uninsured Motorists by State48th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall93rd/300
umbrella icon
Most Rainy Days129th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Raleigh 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.


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