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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Kenneth Chavis IV is a senior wealth manager who provides comprehensive financial planning, investment management and tax planning services to business owners, equity compensated executives, engineers, medical doctors and entertainers. Updated Nov 03, 2022 Pay less for auto insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Next Compare quotes from reliable carriers + MORE how it works Caret Down Provide some info to get offers We only ask for info that can impact your rate so we can share accurate and personalized offers. Select your policy Compare and move forward with as many offers as you want from a list of trusted carriers. Settle your rate and policy details Once you've decided on a carrier, wrap up the process online or on the phone with a trusted agent. On This Page
Compare rates and save on auto insurance today! Get quotes Close X The average cost of car insurance in North Carolina is $1,392 per year for full coverage and $431 per year for minimum coverage, according to Bankrate's 2022 study of quoted annual premiums from Quadrant Information Services. North Carolina drivers pay less than the national average for both full coverage and minimum coverage, despite having some busy roadways and high minimum limits. Our research into the average cost of coverage in North Carolina could help you know if your rate is competitive. North Carolina drivers pay an average of 21% less each year for both full coverage and minimum coverage car insurance when compared to the national average. Geico and State Farm are among the cheapest car insurance companies in North Carolina. Ford F-150s and Honda Odysseys are some of the cheapest vehicles to insure in NC, costing about 19% less than the state average for full coverage. See More This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers Save on auto insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers Save on auto insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More How much does car insurance cost in North Carolina
So, how much is car insurance in North Carolina? In 2022, the average North Carolina car insurance cost is $1,392 annually for full coverage and $431 annually for state minimum coverage limits. Both these rates are well below the of $1,771 per year for full coverage and $545 per year for minimum coverage. To determine these rates, we turned to Quadrant Information Services and reviewed average rates for the largest companies in the state by market share. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. North Carolina car insurance rates by city
You know that , but did you know they also vary by city? tend to have higher insurance costs. The higher cost of medical care can increase bodily injury liability coverage premiums, and higher costs for vehicle repairs and labor can increase property damage liability, comprehensive and collision coverage premiums. Additionally, larger cities tend to have more traffic, which can lead to a higher likelihood of accidents. For example, Charlotte's average annual full coverage premium is 12% higher than the state average. City Average annual minimum coverage premium Average annual full coverage premium Charlotte $539 $1,553 Raleigh $458 $1,359 $449 $1,392 $437 $1,369 Winston-Salem $401 $1,262 Fayetteville $521 $1,591 Cary $409 $1,227 Wilmington $468 $1,345 High Point $455 $1,414 Concord $474 $1,420 North Carolina car insurance rates by insurance company
An important factor affecting car insurance rates in the Tarheel State is the carrier you choose. Each uses its own rating system to determine your premium, so the same coverage can be priced differently by different carriers. This is why shopping around and s from several companies could help you find the for your needs. Car insurance company Average annual minimum coverage premium Average annual full coverage premium $439 $1,597 $376 $1,105 $329 $910 $462 $1,414 $328 $1,197 $336 $1,047 Penn National $440 $1,399 $530 $1,693 $318 $966 $463 $1,471 North Carolina car insurance rates by age
, with younger drivers usually paying more for coverage due to a higher likelihood of accidents and a higher likelihood of filing claims, as they tend to be less financially established. typically face the highest vehicle insurance rates, as illustrated below, due to their lack of driving experience. Premiums can begin to increase again when drivers reach their senior years, because and potentially increase the likelihood of claims. At some ages, younger drivers may be included on their parents' policy or may be on their own policy. We've included both rates to illustrate the difference. Average cost of car insurance for drivers on their parents policy
If a younger driver is still living in their parents' household, it's usually cheaper to keep that driver listed on the parents' policy. Typically, teenage drivers on their parents' insurance policy are less likely to file claims for minor incidents. You can see from the rates below that the newest drivers, those who are 16- and 17-years old, pay the highest rates. Premiums start to lower even after just one year of driving experience. Age Average annual premium for full coverage in North Carolina $3,175 $2,419 $2,222 $1,608 $1,585 Average cost of car insurance by age for drivers on their own policy
For an 18-year-old on their own policy, full coverage costs 34% more than it would if the teen were included on the parents' policy. However, once a child moves out of their parents' house and establishes their own household, they'll need their own insurance. While younger drivers on their own may pay heft premiums, rates drop significantly by age 25 and continue to trend downward. Age Average annual premium for full coverage in North Carolina Age 18 $2,983 $1,471 $1,417 $1,392 $1,332 North Carolina car insurance rates by driving record
Safe drivers usually enjoy the cheapest car insurance. Policyholders with driving incidents on their records may be viewed as , which often results in higher premiums. The severity of your infraction, as well as the company you are with and how many incidents you have, will all impact your price. Even though it's pricey, if you have a history of driving incidents, you may want to strongly consider full coverage insurance, which will provide financial support for damage to your own vehicle as well as damage that you cause. A DUI (driving under the influence) conviction has the most expensive impact on your premiums in North Carolina, increasing premiums by an astounding 310% on average. Driving incident Average annual full coverage premium % increase of state average annual premium Speeding ticket conviction $2,089 50% At-fault accident $1,988 43% DUI $5,714 310% North Carolina car insurance rates by vehicle type
The you drive is another impacting rating factor for North Carolina car insurance. Vehicles that have a higher statistical likelihood of an accident, have fewer safety features or have more expensive repairs costs may cost . For example, a BMW 330 costs about 24% more than the state average to insure for full coverage, while both a Ford F-50 and Honda Odyssey cost about 19% less than the state average. Vehicle type Average annual full coverage premium BMW 330i $1,720 Ford-150 $1,122 Honda Odyssey $1,122 Toyota Prius $1,608 How to save on car insurance in North Carolina
Generally, North Carolina car insurance is cheaper than comparable coverage in many other states. However, there are still ways to get a lower premium. Shop around: Because different companies charge different rates, shopping around and comparing quotes might help you find the lowest price for the coverage you need. Bundle your policies: Bundling your auto and home insurance just means buying both policies from the same company. This is generally one of the most significant discounts you can get. Maintain a clean driving record: Drivers with incidents like tickets, at-fault accidents and DUI convictions pay quite a bit more for car insurance coverage. Practicing safe driving habits could help you avoid these costly surcharges. Ask for a prayer for judgment: If you do incur a traffic offense, you could ask for a prayer for judgment, which means you won’t be penalized even though you are guilty. There are limits to how often this can be done, though, and limits to what offenses it applies to. Keep in mind that North Carolina prohibits many common discounts, like good student discounts. To ensure you’re taking advantage of the discounts that are available, talk to your agent or a representative from your company. Frequently asked questions
The will depend on your own unique situation. For example, if you’re looking for a company with local agents, the best insurer for you may be different than it would be for someone looking for a company with strong digital tools. Understanding your needs and shopping around could help you find the best company for your circumstances.
Our research shows that State Farm offers the cheapest minimum coverage premium in North Carolina, with an average rate of $318 per year. Geico is cheapest for full coverage, with an average annual premium of $910. However, just like the best car insurance, the will also vary based on your rating factors, so shopping around is a good strategy.
Because the average cost of car insurance in North Carolina is $1,392 per year for full coverage, the average monthly cost is $116. Minimum coverage costs an average of $431 per year, which comes out to about $36 per month. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage. Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Kenneth Chavis IV is a senior wealth manager who provides comprehensive financial planning, investment management and tax planning services to business owners, equity compensated executives, engineers, medical doctors and entertainers.