Auto Insurance In North Carolina: Affordable Or Expensive?

The cost of car insurance in North Carolina is relatively low compared to the rest of the country. The average cost of full coverage car insurance in the state is $189 per month or $2,271 per year, which is 15% cheaper than the national average of $2,681 per year.

The cheapest car insurance companies in North Carolina are Erie Insurance, State Farm, Progressive and Nationwide. The cheapest car insurance company in North Carolina is Erie, which charges an average of $53 per month for state-minimum coverage. Progressive offers the cheapest full-coverage and minimum liability car insurance in North Carolina.

Cheapest car insurance for full coverage

According to MarketWatch, Progressive offers the cheapest full-coverage car insurance in North Carolina, with an average rate of $1,014 per year. However, the average cost of full-coverage car insurance in North Carolina is $1,949 per year, or $162 per month.

NerdWallet also found that Progressive offers the cheapest full-coverage car insurance in North Carolina, with an average rate of $902 per year.

Bankrate's analysis found that Progressive is typically the best cheap auto insurance in North Carolina for full coverage.

U.S. News and World Report's research found that Erie offers the most affordable average car insurance rates in North Carolina, with a sample rate of $770 per year.

Who this is for

Full-coverage car insurance is for drivers who want more protection than the state-minimum coverage. It typically includes liability, collision, and comprehensive insurance.

Alternatives

If you're looking for cheaper car insurance, you can consider minimum-liability car insurance. However, keep in mind that minimum-liability insurance may not provide adequate protection in the event of a costly accident.

You can also shop around and compare quotes from different insurance providers to find the best rate for your needs.

Cheapest car insurance for minimum coverage

According to NerdWallet, the average cost of minimum coverage in North Carolina is $643 per year, or $54 per month. However, Erie offers the cheapest rates in the state at $427 per year, on average, for a 35-year-old driver with a clean driving record.

According to Bankrate, State Farm is the cheapest company for minimum coverage in North Carolina, with an average annual premium of $609.

Cheapest car insurance companies in North Carolina

According to MarketWatch, the four cheapest car insurance companies in North Carolina are:

• Erie Insurance
• State Farm
• Progressive
• Nationwide

According to U.S. News, Erie Insurance is the cheapest insurer in North Carolina, with a sample rate of $770 annually or about $64 monthly.

Cheapest car insurance for young drivers

According to MarketWatch, Progressive offers the cheapest rates for young drivers in North Carolina, with an average annual premium of $1,061 for a full-coverage policy.

According to Bankrate, State Farm is the cheapest company for young drivers in North Carolina, with an average annual premium of $827.

Cheapest car insurance for drivers with a poor credit score

North Carolina

North Carolina's average insurance costs are relatively low compared to the rest of the country. The average cost of full coverage car insurance in North Carolina is $189 per month or $2,271 per year, while the national average is $223 per month or $2,681 per year.

Progressive is the cheapest car insurance company in North Carolina for drivers with poor credit, with an average rate of $61 per month or $1,014 per year. The second cheapest option is Erie, with an average rate of $35 per month or $420 per year.

Other states

In other states, the cheapest car insurance companies for drivers with poor credit include:

• GEICO
• State Farm
• Farmers Insurance
• Allstate
• USAA
• Liberty Mutual
• Nationwide

Cheapest car insurance for young drivers

North Carolina's auto insurance rates are lower than the national average, and Erie is the best cheap car insurance company in the state.

Young drivers in North Carolina typically pay much more for car insurance than adults. The cheapest rates for young drivers in the state are offered by Progressive, Erie, State Farm, and Nationwide.

Progressive offers the cheapest rates for 16, 17, 18, 19, 21, and 25-year-old drivers in North Carolina. The company also provides the cheapest rates for 35-year-old drivers.

For young drivers with a poor driving record in North Carolina, Progressive offers the cheapest rates for those with a speeding ticket, an accident, or a DUI. National General offers the cheapest rates for drivers with a DUI.

Cheapest car insurance for drivers with a DUI

Overview

North Carolina drivers with a DUI pay almost four times as much as drivers with a clean driving record, on average. This is because insurance companies believe that drivers with a DUI are more likely to cause an accident in the future.

Cheapest Car Insurance Companies in North Carolina After a DUI

Nationwide and State Farm are the cheapest car insurance companies in North Carolina for drivers with a DUI. However, this can vary from state to state as a number of external factors are taken into account.

Cheapest Companies for Full Coverage in North Carolina After a DUI

For drivers with a DUI who want the most affordable full coverage policy in North Carolina, the cheapest options are:

• Nationwide: $2,240 per year
• State Farm: $2,572 per year

Cheapest Companies for Minimum Coverage in North Carolina After a DUI

For North Carolina drivers who truly want the cheapest car insurance with a DUI, a policy following state-minimums may be the best option. The cheapest providers in the state are:

• Nationwide: $1,234 per year
• State Farm: $1,457 per year

Top Car Insurance Companies in North Carolina After a DUI

Nationwide is the best company in North Carolina for both full coverage and minimum coverage policies after getting a DUI.

Best Companies for Full Coverage in North Carolina After a DUI

The best car insurance companies for DUI policies in North Carolina are Nationwide and Erie, which both have good scores in claims ratings, customer satisfaction, affordability, and financial stability.

Best Companies for Minimum Coverage in North Carolina After a DUI

Drivers in North Carolina looking for cheap car insurance with a DUI may opt for a policy following the state’s minimum requirements. However, note that these policies often do not offer the best protection in the event of an accident. The cheapest providers in the state are:

• Erie: $1,574 per year
• Nationwide: $1,234 per year

Frequently asked questions