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Average Cost of Car Insurance in Winston-Salem

Winston-Salem$718
NC$841
U.S.$1,424

On average, car insurance in Winston-Salem costs $718 per year, which is lower than the average annual cost of car insurance in both North Carolina and the United States. Policyholders in Winston-Salem pay about 14.7% less than the state average car insurance rates, and 49.6% less than the national average.

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The Best Cheap Car Insurance Companies in Winston-Salem

You can get the best car insurance in Winston-Salem by requesting personalized quotes from several different companies. Ranked as the most affordable car insurance company in Winston-Salem, State Farm offers an average annual car insurance premium of $499. As a matter of fact, coverage with State Farm is 84% cheaper than similar coverage with MetLife, the most expensive auto insurance provider in the city.

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Personalized Quotes to Get You the Cheapest Car Insurance in Winston-Salem

Getting a personalized car insurance quote in Winston-Salem is highly recommended, as different factors are associated with varying levels of risk. Some of these factors include your age, driving record, coverage level, credit score and make and model of your vehicle, in addition to your location. For instance, a car insurance policy from Erie costs an average of $1,286 for an 18-year-old male driver living in Winston-Salem — this is more than twice as costly as similar coverage from the same company for a 40-year-old male driver in the city.

To check if you qualify for company-specific promotions or discounts, you need to regularly request a personalized quote from at least three car insurance companies in Winston-Salem.

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

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Cheapest Car Insurance in Winston-Salem by Coverage Amount

How much car insurance coverage you purchase in Winston-Salem also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

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.

State Farm offers both 50/100/50 liability-only and full-coverage plans. For most drivers, State Farm’s 50/100/50 liability-only plan costs an average $290. This level of liability coverage covers bodily injury expenses up to $50,000 per person, with maximum coverage of $100,000 per vehicle, together with $50,000 worth of property damage repair.

State Farm’s 50/100/50 full-coverage policy costs $151 more on average, but since it also covers your own expenses, the extra money might be worth it. To get the most accurate car insurance rates in Winston-Salem, it’s best that you request a personalized quote from at least three companies.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Winston-Salem if You Have Tickets

Paying a hefty fine is not the only penalty associated with having a violation on your driving record, as car insurance companies in Winston-Salem tend to give you higher rates if you have violations. For the average driver with a speeding ticket on their record, for example, GEICO offers an annual car insurance premium average of $1,222, which is about $459 more expensive than premiums paid by drivers with clean records.

Additionally, a Nationwide policy for a driver with a DUI on their record will cost $1,972 per year, on average, which is an extra $1,442 compared to drivers with no violations.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • $734
    $734
    $1,911
  • $764
    $917
    $1,972
  • 3. North Carolina Farm Bureau
    $909
    $909
    $2,332
  • 4. Erie
    $921
    $921
    $2,399
  • $1,222
    $1,018
    $3,207
  • $1,115
    $1,249
    $3,242
  • $1,225
    $1,225
    $3,394
  • $918
    $1,450
    $3,502
  • $1,276
    $1,782
    $3,567

Average Cost of Car Insurance by Postal Code

The number of car-related incidents varies depending on where you live, so your ZIP code can often make a major impact on your premium cost. However, that’s not really the case in Winston-Salem. Compared to policyholders living in ZIP code 27105, policyholders living in ZIP code 27107 pay an average of $41 more for auto coverage.

  • Zip Code
    State Minimumper year
  • 27105
    $703
  • 27106
    $707
  • 27107
    $744

Factors That Impact Insurance Costs in Winston-Salem

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 Winston-Salem. How Winston-Salem 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 Fatalities64th/300
handcuffs2 icon
Most Car Thefts58th/300
uninsured icon
Most Uninsured Motorists by State48th/50
insurance2 icon
Personal Injury Protection RequiredNo
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Most Annual Rainfall99th/300
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Most Rainy Days122nd/300

Shopping around for car insurance in Winston-Salem could save you $219, which is enough to buy:


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73Cups of Coffee
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17Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Winston-Salem 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.

Compare Car Insurance Rates in Winston-Salem

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

Insurance Rates

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 include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.