Table of Contents
- North Carolina Auto Insurance Costs by Insurer
- North Carolina Auto Insurance Premiums by Driver Age
- North Carolina Car Insurance Premiums by Gender and Marital Status
- Average North Carolina Insurance Rates After a Violation or Accident
- North Carolina Auto Insurance Premiums by Credit Tier
- Expensive North Carolina Cities
- Cheaper North Carolina Cities
- List of Insurance Companies in North Carolina
- No-Fault Insurance in North Carolina Information
Minimum car insurance coverage in North Carolina will run you an average of $428, which is is almost 35 percent cheaper than the national average. The minimum insurance requirements in North Carolina consist of:
- $30,000 per person for bodily injury
- $60,000 per accident bodily injury
- $25,000 per accident property damage
- $30,000 per person bodily injury uninsured/underinsured motorist
- $60,000 per accident bodily injury uninsured/underinsured motorist
- $25,000 per accident property damage
- uninsured/underinsured motorist
North Carolina Auto Insurance Costs by Insurer
There are five primary insurance carriers to choose from in North Carolina, each with varying premium costs, which allows you to shop for the best rates. Below are the most widely used carriers and their average annual premium cost.
- Allstate: $1530
- Erie Insurance: $1094
- North Carolina Farm Bureau: $1073
- State Farm: $944
- GEICO: $811
North Carolina Auto Insurance Premiums by Driver Age
The Zebra states that a driver’s age is one of the most significant factors that can affect your premium rates. Teen drivers will pay the highest rates due to their lack of experience. On average, teen drivers can expect to pay for full coverage:
- Age 16: $4037
- Age 17: $3202
- Age 18: $2987
- Age 19: $2987
After age 16, rates will decline until drivers hit 25 when rates will fall closer to the state average. Drivers between 30 and 60 will see the best rates, and while seniors may see a slight increase, it is minimal.
North Carolina Car Insurance Premiums by Gender and Marital Status
In North Carolina, females will tend to pay less than males in their teens and through their 20s. By 30, the disparity in rates will completely disappear. Rates tend to be higher for younger males as they have the highest statistics for moving violations and at-fault accidents.
Your marital status can also affect your insurance rates, as most insurers will offer married couples discounts not available to single drivers, which can reduce your premiums by up to $300 per year. The discount is often attributed to the fact that married couples tend to divide up driving duties.
Average North Carolina Insurance Rates after a Violation or Accident
The other factor that will have a major impact on your annual premium rates is your driving record. Those with clean records will pay the lowest premium rates, while those with moving violations and at-fault accidents will pay the higher rates. In North Carolina, clean records can have an even greater effect on your insurance premiums, often saving you 32 percent, which is significantly higher than the national average savings of 17 percent for a clean record.
Typically the more severe the moving violation, the larger the percentage of the rate increase. Speeding tickets will raise your rates an average of 32 percent, with an average annual premium of $1282 after one ticket.
At-fault accidents will raise your rates a little more than a speeding ticket. The average is about 33 percent, with annual premiums of around $1302. DUIs and similar offenses will raise your rates the most, at around 48 percent, to an average annual premium of $1658.
North Carolina Auto Insurance Premiums by Credit Tier
Though not as drastic as your age or driving history, your credit score can also affect your premium rates. Drivers with good credit can expect to pay around 14 percent less than drivers with fair credit, while those with bad credit can expect to pay around 14 percent more. On average, drivers with bad credit will pay around $1006 per year.
Expensive North Carolina Cities
The location of your vehicle will affect your premium rates as well. If you live in a heavily populated area that sees a lot of traffic or an area with higher crime rates, you can expect to pay a higher premium. Some of the most expensive cities for car insurance in the state include:
- Fayetteville: $1188
- Charlotte: $1110
- Gastonia: $1060
- Indian Trail: $1029
- Wilson: $1019
- Goldsboro: $1004
Cheaper North Carolina Cities
If you live in the more rural areas of North Carolina, you can expect to save a little money off of your annual premiums. Less traffic lowers your risk of accidents, which translates into greater savings. Some of the cities in North Carolina with the least expensive car insurance include:
- Asheville: $819
- Chapel Hill: $846
- Winston Salem: $847
- Apex: $955
- Cary: $956
- Burlington: $868
List of Insurance Companies in North Carolina
Each of the five main insurance carriers in the state will provide buyers with various discounts and services, though some are more well-known for discounts than others. Allstate is known for its excellent coverage offerings but tends to have lower customer satisfaction scores In North Carolina. They offer more unique coverages, such as sound system insurance, rental insurance, and roadside assistance. They also have a large network of local agents.
As mentioned by Bank Rate, Erie insurance boasts high customer satisfaction rates in the state and is a popular option for drivers looking for the lowest premiums. They offer unique coverage options such as pet insurance and locksmith services.
GEICO is a popular option for those who like getting their quotes online. They are known for having lower rates for drivers who have had accidents or violations. They also have high marks for customer service and the claims process.
North Carolina Farm Bureau is an insurer that uses the profit to support the agricultural community in the state. Most of their coverages are basic, but they do offer a lot of discounts. This insurance company relies on reps who will provide your quote, file your claims and help you manage your policy.
State Farm is one of the cheapest carriers in the state and offers many discounts to help you get the lowest premium possible.
No-Fault Insurance in North Carolina Information
According to Reviews.com, North Carolina is an at-fault state, which means the driver responsible for the accident will bear the financial costs that it results in.
Check this out if you need additional information, resources, or guidance on car insurance.
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