The annual average cost ofNorth Carolina car insuranceMinimum coverage is $413, and full coverage is $1,325North Carolina’s average auto insurance rate is slightly lower than the national average. However, you might be able to cut down on your average North Carolina car insurance rate if you are aware of which carriers offer the most competitive pricing and how to find it.
The Bankrate editorial team compiles North Carolina’s latest car insurance rates and updates them regularly to give the most up-to-date information on auto insurance in North Carolina. These average rates can help you determine if your policy’s price is competitive, even though your premium may vary depending on your rating factors.
What is the cost of car insurance in North Carolina
North Carolina car insurance rates are lower than thenational averagePrices between $565 and $1.674, with an average cost of $413 per year for minimum coverage, and $1.325 for full-coverage car insurance.
Your premiums could be different. While the state in which you live can have a significant impact on the cost of vehicle insurance, it is not the only factor that will affect your premiums. The cost of car insurance is also affected by these other factors:
- Your ageYoung drivers and teens pay more because they have less driving experience and are involved in more accidents than average.
- Your ZIP code is:Based on factors like theft and accident rates, some areas and cities in North Carolina might be more expensive than others for car insurance.
- Driving recordYour car insurance premiums will be more expensive if you have a history of moving violations or accidents.
- Credit scoreTo determine your rate, auto insurance companies will generally assess your credit score. Premiums for drivers with higher credit scores are usually lower.
- CarrierYour choice of North Carolina car insurance company could affect your rates. Car insurance companies offer discounts to a variety of driver profiles.
North Carolina car insurance rates by firm
The carrier you choose is an important factor in determining car insurance rates within the Tarheel state. Bankrate found that the cheapest car insurance in North Carolina is Geico for minimum and full coverage, followed by State Farm.
North Carolina car insurance rates based on the city
Based on their population, the top 20 largest cities are listed below. The highest North Carolina insurance rates are found in Charlotte.
Cost of living in North Carolina, and auto insurance
It is important to consider your other expenses when shopping for car insurance rates North Carolina. This will allow you to calculate your total living costs. Below is a graph that shows you the average cost of living in North Carolina. It also includes the average cost for car insurance. This graph can be used to determine your annual expenses and help you decide on the best insurance rates for your budget.
How to Save on Car Insurance in North Carolina
You can save even more on your car insurance by taking advantage of these ways to lower your premiums:
- Student car insurance discounts:You might be able to save money on car insurance if your letter grade is at least a B. If you’re away from school, you might save even more.
- Telematics:Participating in a driver-tracking system that tracks your driving habits could help reduce your premiums, especially for those who have been involved in accidents or tickets.
- Bundling coverage:You may be able to get lower rates if you insure your rental property and your car through the same insurer.
- Low mileageMany cities in North Carolina have public transportation systems. Many of the best car insurance companies offer a low-mileage discount for drivers who drive less.
North Carolina car insurance requirements
Every state has a minimum requirement that residents drivers have insurance. North Carolina’s state rules require continuous liability insurance of at least:
- $30,000 per person for bodily injury
- $60,000 per accident for bodily injury
- $25,000 Property Damage to Others
- $30,000 bodily injury to a motorist who is uninsured or underinsured.
- $60,000 bodily injury to a motorist who is uninsured or underinsured.
Although North Carolina car insurance mandates a minimum amount of liability coverage, drivers who lease or finance their vehicle will likely need full coverage, which adds collision and comprehensive coverage to liability insurance.
Questions frequently asked
What is the difference between full and minimum coverage?
Liability insurance covers only the minimum coverage. This pays for injuries and damages to others if you are responsible in an accident. Liability coverage does not cover your vehicle if your car is totaled or damaged. Full coverage includes insurance that covers your vehicle in the event of an accident, theft, fire, or other circumstances.
What is the cost of car insurance in North Carolina
Bankrate discovered that North Carolina’s average annual car insurance cost is $413 for minimal coverage and $1,325 to cover full coverage.
Which North Carolina state has the lowest car insurance?
Car insurance in North Carolina is not the cheapest. This is because there are many factors that you can control. Car insurance companies base their rates on many factors such as where you live, make and model of the car, credit score, and driver record.
How can I get the best North Carolina car insurance?
You may be able to compare quotes from multiple providers in North Carolina to find the best car insurance rates. This will enable you to compare the rates of different companies as well as their available coverages, discounts and third-party rankings.