The Cheapest Car Insurance in North Carolina for 2022

The cheapest car insurance in North Carolina is from Nationwide, which charges an average of $351 per year for a minimum coverage policy.

MoneyGeek analyzed auto insurance quotes in North Carolina to see which providers offer the best rates based on various driver profiles. While Nationwide offers the most affordable insurance for typical drivers, State Farm provides the cheapest coverage for young drivers and those with traffic violations. Our study found that drivers in North Carolina can save approximately $563 annually by comparing quotes.

REVIEW AUTO INSURANCE RATES

Insurance Rates

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

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 12/1/2022
Edited By     |  
Written By     |  
iconribbonCheapestAuto InsuranceNorth Carolina2022

MoneyGeek analyzed the cheapest car insurance companies in North Carolina by city to help you find the cheapest options in your city. We also ranked the best car insurance companies in North Carolina to help you find the best balance of cost and service quality.

This is an icon

Methodology

Why Trust MoneyGeek? North Carolina car insurance rates in this study are based on our analysis of data and information from the North Carolina Department of Insurance and Quadrant Information Services.

This is an icon

These rates were updated in August 2022 to reflect how car insurance rates in North Carolina have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

Cheapest Minimum Liability Car Insurance in North Carolina

Minimum liability coverage is the cheapest car insurance option in North Carolina, but it does not offer comprehensive and collision coverage. A minimum liability policy is cheaper because it only meets the minimum liability requirements mandated by North Carolina’s car insurance laws.

On average, the most affordable car insurance companies for minimum coverage in North Carolina are:

  • Nationwide: $351 per year
  • State Farm: $416 per year

Progressive is the most expensive option for minimum coverage car insurance in North Carolina at an average cost of $630 per year.

CHEAPEST MINIMUM CAR INSURANCE IN NORTH CAROLINA

Scroll for more

swipe icon

These prices are only estimates based on rates for an average North Carolina driver and should not be used to compare insurance prices.

Insurance Rates

Compare Insurance Rates

Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.

widget-location-pin
Loading...

Cheapest Full Coverage Car Insurance in North Carolina

A full coverage policy is more expensive than minimum coverage since it safeguards against the cost of damages to your car. A full coverage policy carries higher liability limits and comprehensive and collision insurance to cover damages to your car caused by most road and non-collision incidents in North Carolina. Comparing car insurance quotes from multiple providers will help you find the lowest prices.

On average, the cheapest car insurance companies for full coverage In North Carolina are:

  • Nationwide: $699 per year
  • State Farm: $758 per year

The most expensive car insurance for full coverage in North Carolina is Progressive, at $1,262 per year on average.

CHEAPEST FULL COVERAGE CAR INSURANCE IN NORTH CAROLINA

Scroll for more

swipe icon

Please note that your individual premiums will vary from these examples. The costs are for a plan with comprehensive and collision insurance, $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.

How to Compare Cheap North Carolina Car Insurance Quotes Online

Most insurers offer an online quote feature for consumers’ convenience. You should use consistent limits while comparing quotes. For example, if you get a rate with one carrier for $100,000 in bodily injury liability insurance, you should make sure to use the same limit when acquiring prices from another provider.

MoneyGeek’s car insurance calculator will give you a quote estimate for car insurance in North Carolina. However, for a personalized quote, you need to provide personal details or use MoneyGeek’s pricing data to find good company websites to shop on. In North Carolina, Nationwide, State Farm and Erie are the three least expensive insurers, and they are ideal places to start your search for a policy.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

North Carolina
Female
30-65
Clean

Average Annual Auto Insurance Rates

Click the section of the wheel in your price range to see options.

low end

on average

high end

Click an insurer below to visit their review page or continue to your personalized quote.

Nationwide

Cheapest Car Insurance in North Carolina for Young Drivers

In North Carolina, car insurance rates for young drivers are typically expensive because inexperienced drivers are a high-risk category for insurers. On average, a 16-year-old driver will pay $2,525 per year for car insurance compared to an annual rate of $999 for a 25-year-old.

Overall, GEICO is the cheapest company for most young drivers in North Carolina, although State Farm is the cheapest for young drivers between the ages of 16 and 18.

ANNUAL CAR INSURANCE IN NORTH CAROLINA FOR YOUNG DRIVERS

Scroll for more

swipe icon
  • Age
    Average Cost
    Cheapest Company
    Company Cost
  • $2,525
    State Farm
    $1,498
  • $2,107
    State Farm
    $1,466
  • $1,867
    State Farm
    $1,432
  • $1,272
    GEICO
    $855
  • $1,238
    GEICO
    $855
  • $1,098
    GEICO
    $644
  • $1,076
    GEICO
    $627
  • $1,052
    GEICO
    $608
  • $1,033
    GEICO
    $601
  • $999
    GEICO
    $714

Car insurance rates can be more expensive for young drivers than middle-aged drivers since younger people have less experience behind the wheel. However, comparing quotes from different lenders can help you find the cheapest car insurance for young drivers.

Younger drivers tend to pay higher rates, with the cheapest rates for a 16-year-old being $1,498 per year from State Farm, while for a 25-year-old, GEICO is the cheapest at $714 per year.

Young drivers should take advantage of discounts, including good student discounts, to save money on their premiums.

Cheapest Car Insurance in North Carolina for Seniors

In North Carolina, car insurance costs slightly more for senior drivers compared to the average driver. The average price of car insurance is $987 per year for senior drivers in the state, which is roughly $7 more than the average cost for a 40-year-old driver.

The most affordable insurers in North Carolina for senior drivers with full coverage are, on average:

  • Nationwide: $639 per year
  • State Farm: $800 per year

The most expensive option for senior drivers in North Carolina is Progressive. This insurer charges roughly $1,262 per year.

CHEAPEST CAR INSURANCE RATES FOR SENIORS

Scroll for more

swipe icon

Drivers ages 65 and older are considered seniors and may incur higher car insurance costs in North Carolina. However, you can still find affordable rates for seniors by comparing car insurance quotes. For example, Nationwide, at $639 per year, is up to $623 cheaper compared to Progressive, the most expensive option.

When buying car insurance for seniors, factors such as a clean record and a reduced amount of driving can help you get lower rates.

Cheapest Car Insurance for Drivers With Tickets in North Carolina

Even a minor driving offense like a ticket can increase your car insurance costs in North Carolina. Drivers with speeding tickets pay an average of $1,390 per year compared to an average of $980 per year for those with clean records.

If you have a speeding ticket, the most affordable car insurance companies in North Carolina for full coverage are, on average:

  • Nationwide: $1,009 per year
  • State Farm: $1,131 per year

Meanwhile, Progressive has the most expensive full coverage policy in North Carolina for a driver with a ticket at an average annual cost of $1,736.

AVERAGE CAR INSURANCE RATES WITH A TICKET

Scroll for more

swipe icon

Tickets for distracted driving and speeding can cause your car insurance rates to rise in some cases, and for good reason. Whether looking at your cell phone or adjusting your radio dial, these acts can have serious consequences for yourself and others. The table above looks at approximate rates of auto insurance for those with a ticket on their record.

According to I Drive Safely, moving violations stay on your driving record for approximately three years. After this time – assuming you do not receive any other citations – you can apply for more affordable auto insurance.

Cheapest Car Insurance for Drivers With a DUI in North Carolina

The average cost of car insurance in North Carolina for drivers with a DUI is $3,958 per year compared to an average of $980 per year for a driver with a clean record.

On average, the most affordable insurers for a driver with a DUI and full coverage in North Carolina are:

  • Nationwide: $2,610 per year
  • State Farm: $2,996 per year

The most expensive option is Progressive at roughly $4,837 annually.

AVERAGE CAR INSURANCE RATES WITH A DUI

Scroll for more

swipe icon

Finding cheap car insurance in North Carolina with a DUI may take extra effort, but it can be done. For instance, comparing car insurance quotes can help you save as much as $2,227 per year.

North Carolina has strict penalties for drivers caught driving under the influence, including jail time, fines and license suspension. To save money and stay safe, it’s best not to drink and drive.

Cheapest in North Carolina for Drivers With an At-Fault Accident

Car insurance costs in North Carolina vary depending on the driver’s record, with poor driving records attracting higher rates. On average, a driver with an at-fault accident on their record will pay $1,567, while drivers with a clean record pay $980 per year for similar coverage.

For drivers in North Carolina with an at-fault accident, the cheapest car insurance companies on average are:

  • State Farm: $1,131 per year
  • Nationwide: $1,212 per year

Allstate is the most expensive option for full coverage if you have an at-fault accident on your record in North Carolina, at $2,398 per year on average.

CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT

Scroll for more

swipe icon

Cheapest Car Insurance in North Carolina for Drivers With Bad Credit

A bad credit score can increase your car insurance costs In North Carolina. Drivers with a poor credit score in North Carolina pay $1,193 per year on average for their car insurance coverage, about $213 more than the average cost for a driver with good credit.

The cheapest car insurance companies for a driver with poor credit and full coverage in North Carolina are:

  • GEICO: $629 per year
  • Nationwide: $843 per year

The most expensive insurer in North Carolina for drivers with bad credit is Allstate, at $1,980 per year on average.

CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT

Scroll for more

swipe icon

Car insurance in North Carolina can be costly for drivers with poor credit, so it pays to compare quotes from different providers. For instance, GEICO is up to $1,351 cheaper per year compared to Allstate, the most expensive option for drivers with bad credit.

Drivers with bad credit are seen as higher risk because they may not be able to pay their premiums due to outstanding debt. The good news is that improving your credit score may help improve your car insurance rates.

Cheapest Car Insurance in North Carolina for Military Drivers

mglogo
MoneyGeek Top Pick
USAA

Even though USAA did not provide quotes for MoneyGeek's sample driver in North Carolina, the company is among the cheapest car insurance providers in the country. USAA offers the most affordable auto insurance rates in 35 states and the District of Columbia. USAA specializes in serving military families and stands out for offering discounts and unique benefits tailored to veterans and active military members.

Cheapest Car Insurance in North Carolina by City

In North Carolina, your address can greatly impact your car insurance cost. On average, drivers in Cary pay the cheapest rates for car insurance in North Carolina at $723 yearly, while Fayetteville residents pay the highest rates at $940 per year. These rates are based on a full coverage policy.

To find out the average car insurance rates for your area, click on the link for your city.

AVERAGE INSURANCE RATE BY CITY IN NORTH CAROLINA

Scroll for more

swipe icon

Car Insurance in North Carolina: What You Need to Know

State laws in North Carolina require all drivers to have car insurance with specified liability minimums, but the state’s minimum coverage may not offer sufficient coverage for many drivers.

North Carolina Insurance Requirements

All drivers in North Carolina must carry liability insurance and uninsured/underinsured motorist coverage. You need to have liability coverage on your vehicle to maintain its registration. If you plan to cancel your insurance or switch to a new company, you should turn in your license plate or purchase the new policy before canceling your old insurance. Otherwise, you can be fined by the state.

You must provide proof of auto insurance to register your vehicle in North Carolina. The state does not accept out-of-state policies.

North Carolina requires that all motor vehicle drivers have the following minimum insurance coverage:

  • $30,000 for injuries to one person
  • $60,000 for injuries per accident
  • $25,000 for property damage

The state also requires that all policies include uninsured motorist coverage with the same 30/60/25 minimums.

North Carolina's liability coverage minimums may not be enough to cover you in a serious accident. Most experts recommend carrying liability insurance with up to $100,000 for injuries per person and $300,000 per accident. If you have a new car, your lender will probably also require collision and comprehensive insurance.

North Carolina adds a surcharge on all insurance policies to fund the North Carolina Reinsurance Facility, which is the state's "residual" auto insurance program for high-risk drivers. When an insurance company thinks a driver is too risky to insure, it will transfer the driver to the residual pool.

FAQs About Car Insurance in North Carolina

To help consumers make the right buying decision, MoneyGeek answers their commonly asked questions about car insurance policies and rates in North Carolina.

Expert Advice on Finding Cheap Car Insurance in North Carolina

To help you find credible and accurate insight on car insurance in North Carolina, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in North Carolina should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in North Carolina take to find affordable car insurance?
  3. How do regulations and rules in North Carolina impact insurance pricing and how consumers might shop for coverage?
David Marlett
David Marlett

Managing Director of Brantley Risk and Insurance Center, IIANC Distinguished Professor of Insurance at Appalachian State University

Melissa M. Hart
Melissa M. Hart

Senior Lecturer, Finance at North Carolina State University

Dr. Brenda Wells
Dr. Brenda Wells

Robert F. Bird Distinguished Professor of Risk and Insurance at East Carolina University; Director, Risk Management and Insurance Program

John Forlines III
John Forlines III

Professor of Economics at Duke University

Dr. Jia Li
Dr. Jia Li

Associate Professor at the School of Business, Wake Forest University

Daniel Tobias
Daniel Tobias

CEO and CERTIFIED FINANCIAL PLANNER™ Professional at Passport Wealth Management

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.


sources