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Auto Insurance Fayetteville, North Carolina: Everything You Need to Know

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North Carolina has experienced an increase in traffic accidents recently. Getting the best auto insurance in Fayetteville, North Carolina, is more important than ever. The average policyholder in North Carolina pays $955 annually for car insurance. While a low price is enticing, it isn’t the sole factor in deciding the best policy for you.

Most states require drivers to carry proof of car insurance at all times, and North Carolina is no different. Fayetteville residents must abide by the same minimum requirements that all North Carolina motorists follow.

To drive and park on public roadways in Fayetteville, you’ll need at least these minimum coverage amounts:

  • Bodily injury liability: $30,000 per person and $60,000 per accident
  • Property damage liability: $25,000 per accident
  • Uninsured or underinsured motorist bodily injury liability: $30,000 per person and $60,000 per accident
  • Uninsured motorist property damage liability: $25,000 per accident

    Minimum coverage is almost always the most affordable option, but you get what you pay for. State minimum policies can leave you with a nasty bill to pay after an at-fault accident. North Carolina state minimum coverages don’t include comprehensive or collision coverages that pay for damage to your car regardless of fault. This is known as a full coverage policy, and most lenders require you to purchase full coverage when getting an auto loan.

    Car Insurance: Fayetteville Rates vs. State + National Averages

    According to The Zebra, the average auto insurance rates in Fayetteville are $1188 annually. That’s $233 more than the state average of $955 and $360 less expensive than the national average of $1548. Fayetteville has lower car insurance prices than average for several reasons. Although traffic accidents are becoming more frequent, Fayetteville reports fewer crashes and fewer traffic-related fatalities than other North Carolina cities.

    Fayetteville Auto Insurance Costs by Insurer

    The difference between insurance providers rates is substantial. GEICO offers the cheapest annual rates for the average policyholder in Fayetteville. Compare prices from as many companies as possible to ensure you have found the best price.

    These are the cheapest insurance providers and their annual rates in Fayetteville:

    • GEICO: $562
    • North Carolina Farm Bureau: $958
    • Erie: $984
    • State Farm: $1112
    • Nationwide: $1357

      Fayetteville Auto Insurance Premiums by Driver Age

      Motorists in their 50s have the cheapest car insurance rates in Fayetteville. 50-year-olds pay $1112 on average. As drivers age into their 60s, their premiums increase by $1 to $1113 per year.

      Drivers in their teens pay much more than any other age group. This is because teenagers lack driving experience, making them high-risk customers for insurance companies. The difference between the average rates for 20-year-olds and teenagers is $1387 each year.

      These are the average annual car insurance rates by age group in Fayetteville:

      • Teens: $2684
      • 20s: $1297
      • 30s: $1179
      • 40s: $1157
      • 50s: $1112
      • 60s: $1113
      • 70s: $1184

        Fayetteville Car Insurance Premiums by Gender and Marital Status

        Your gender and marital status help determine your auto insurance premiums. Single policyholders often pay more than their married counterparts. Insurance companies believe married couples are more financially stable, file fewer claims, and are generally low-risk customers. However, in Fayetteville, the roles are reversed. Married couples pay $7 more per year than single drivers for their auto insurance. Widowed and divorced drivers pay similar rates to single motorists in Fayetteville.

        These are the average annual car insurance rates by gender and marital status in Fayetteville:

        • Female: $1188
        • Male: $1188
        • Single: $1189
        • Married: $1195
        • Divorced: $1188
        • Widowed: $1188

          Average Fayetteville Insurance Rates After a Violation or Accident

          Regardless of location, keeping your driving record free of violations and accidents will help you maintain low monthly premiums. Insurers incentivize safe driving by providing discounts to those with a violation-free driving history. Speeding citations, DUIs, at-fault accidents, and reckless driving convictions spike rates more than any other moving violation. The two most impactful violations are DUI and reckless driving. Reckless drivers in Fayetteville see annual rate increases of $1051, while those with a DUI might have rate increases of $4328. Compare these numbers to a speeding ticket which raises auto insurance prices by $623 a year.

          These are the annual rates for the most common violation in Fayetteville:

          • DUI: $5516
          • Reckless Driving: $2239
          • At-fault Accident: $1956
          • Speeding Ticket: $1811

            Fayetteville Auto Insurance Premiums by Credit Tier

            Policyholders receive major discounts for having a good credit score. Motorists with a lousy credit history typically see drastically higher insurance costs than those who maintain decent credit scores. Fayetteville residents who raise their credit score above 579 see a discount of $518 per year for the same auto insurance. Raising your score from “Very Poor” to “Exceptional” can save you as much as 42 percent on monthly car insurance premiums

            Here are the average annual premiums by credit tier in Fayetteville:

            • Very Poor (300-579): $1902
            • Fair (580-669): $1384
            • Good (670-739): $1188
            • Very Good (740-799): $1151
            • Exceptional (800-850): $1099

              Cheaper North Carolina Cities

              Where you lay your head at night is another factor in determining your auto insurance costs. Cities with higher crime rates and a higher density of drivers pay higher rates. Rural areas that have fewer drivers and lower crime rates get cheaper rates.

              These are the cheapest cities in North Carolina and their annual rates, per Insurify:

              • Charlotte: $1152
              • Raleigh: $1162
              • Greensboro: $1056
              • Durham: $816
              • Fayetteville: $1236

                Cheaper Fayetteville Zip Codes

                The city isn’t the only location that matters to insurance providers; the neighborhood you live in will also affect your final quote. MoneyGeek found that some cities see a price jump of several hundred dollars between two zip codes. Fortunately, that isn’t the case with Fayetteville, as the average cost of insurance only changes by $4 from neighborhood to neighborhood.

                These are the cheapest zip codes in Fayetteville and their annular rates:

                  Getting a quote is as easy as sitting in front of your computer these days. With free instant quotes that take only seconds to complete, getting multiple quotes in the same day is now a breeze. Head online to your favorite auto insurance provider and get insured today.

                  Check this out if you need additional information, resources, or guidance on car insurance.

                  Sources:

                  Car and Driver Car Insurance Hub | caranddriver.com

                  Fayetteville, NC Car Insurance | thezebra.com

                  Cheap Auto Insurance Quotes in Fayetteville, NC (2021) | insurify.com

                  Compare the Cheapest Car Insurance Quotes in Fayetteville, NC | moneygeek.com

                  How Much Is GEICO Car Insurance? | caranddriver.com

                  Car Insurance For Teens: Everything You Need To Know | caranddriver.com

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