To help you find the cheapest car insurance in Wilmington, MoneyGeek analyzed average rates across providers based on driving history and coverage amounts. The average cost of car insurance in the city is $788 per year, or 6.3% less than the state average. The most affordable car insurance coverage is from Nationwide, with an average cost of $583 annually. MoneyGeek also recommended the best companies for cost and quality.
Compare the Cheapest Car Insurance Quotes in Wilmington
The Cheapest and Best Car Insurance in Wilmington
The Cheapest Car Insurance Companies in Wilmington
On average, the cheapest car insurance companies in Wilmington for a full coverage policy are:
- Nationwide: $583 per year
- State Farm: $606 per year
Most residents of Wilmington consider cost as one of the factors while purchasing car insurance. In the city, the best car insurance cost is from Nationwide. This cost is 70.3% less than Progressive, which is the most expensive insurer.
The above-mentioned costs represent what a 40-year-old male driver pays for a full coverage car insurance policy on average. The policy combines liability insurance with comprehensive and collision insurance that covers your vehicle.
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Average Cost of Car Insurance in Wilmington
The average car insurance rate in Wilmington is lower than the state average and almost half the national average. Drivers in the city pay an average of $788 per year. This amount is $6.3% less than the state average and a whopping 44.7% less than the national average.
The Best Car Insurance Companies in Wilmington
MoneyGeek analyzed the best car insurance providers in Wilmington to help you find coverage that balances cost and quality of service.
According to the scores, the best car insurance providers in the city are:
- Erie: MoneyGeek score of 92.5 out of 100
- Auto-Owners Insurance Co: Moneygeek score of 90 out of 100
While USAA ranks as the best car insurance provider in Wilmington, its policies are limited to current and former military members.
MoneyGeek obtained the average scores based on various factors, including affordability, user satisfaction and financial stability scores from J.D. Power.
Personalized Quotes to Get You the Cheapest Car Insurance in Wilmington
Car insurance rates in Wilmington vary per person depending on various factors. These include your location, age, credit score, driving experience and coverage level. While the average cost of car insurance in the city is $788 per year, your rates may be higher or lower depending on the above factors. Comparing quotes regularly across multiple insurers will help you secure the best rates, discounts and coverage.
Shopping around for car insurance in Wilmington could save you $205, which is enough to buy:
Cheapest Car Insurance in Wilmington by Coverage Amount
The cost of car insurance in Wilmington and other cities in North Carolina greatly depends on the amount of coverage you purchase. The average cost for a minimum liability-only policy is $420 per year, while the cost of a full coverage policy is $788 per year. This is a difference of $368 annually.
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.
While looking for the best car insurance in Wilmington, it is essential to identify the right coverage level for your needs. If you wish to get the cheapest car insurance coverage, you may consider getting a state minimum liability-only policy from Nationwide, which costs an average of $305 per year. However, you must note that this coverage only meets the minimum requirements of the state.
If you need a policy with higher limits, a 50/100/50 liability-only or full coverage policy may work for you. The liability-only policy only covers the cost of the other driver in case of an accident. Meanwhile, a full coverage policy covers your cost as well as the other driver if you get in an at-fault accident.
A 50/100/50 full coverage policy from Nationwide, for instance, costs about $212 more than a 50/100/50 liability-only policy. You may also decide to increase the limits by purchasing a 100/300/100 full coverage policy at roughly $278 more per year when compared to a state minimum liability-only policy.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- 4.North Carolina Farm Bureau$377$418
- Company50 / 100 / 50per year100 / 300 / 100per year
- 4.North Carolina Farm Bureau$619$689
Cheapest Car Insurance in Wilmington if You Have Driving Violations
Car insurance companies in Wilmington charge lower premium rates for drivers with a clean driving record than those with violations such as speeding tickets and at-fault accidents.
If you have a clean record, you will pay an average of $583 for car insurance at Nationwide. However, if you have a speeding ticket, you might pay $260 more. Drivers with at-fault accidents and DUIs pay roughly $431 and $1,062 more, respectively, than those with clean driving records.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 3.North Carolina Farm Bureau$989$989$2,554
Average Cost of Car Insurance by Postal Code
Average car insurance costs in Wilmington vary based on the ZIP code. Neighborhoods that record more car thefts, accidents and other similar occurrences always have higher car insurance rates. However, rates don’t vary much in Wilmington.
For instance, drivers living at ZIP code 28412 pay an average of $787 per year, while those at ZIP code 28403 pay $2 more, at $789 per year.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Wilmington
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 Wilmington. How Wilmington 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 Wilmington 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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