Fayetteville’s average annual cost for full-coverage car insurance is $1,513 per year, while the average minimum coverage cost of $528 per annum. Quadrant Information Services data shows that State Farm, Nationwide, and Geico are the most affordable car insurance companies in Fayetteville.
Bankrate’s editorial team regularly researches the cheapest car insurance companies to help you find the best car insurance for your needs based on average rate, coverage options, discounts and third-party ratings. To help you begin your search, we have provided some information on our top picks for cheap car insurance in Fayetteville.
Fayetteville’s best car insurance company
Erie, Geico and Progressive are the top car insurance providers in Fayetteville based on average premiums Bankrate obtained from Quadrant Information Services and other data. These companies offer reasonable rates, great discounts, and extensive coverage options. They also have impressive financial strength scores from AM Best, and excellent J.D. satisfaction ratings. Power’s 2021 Auto Insurance Study.
Erie’s auto insurance policies are affordable, with an average premium for full coverage of just $17
An average minimum coverage premium is $464 per annum and $1,276 per annum. In addition to Erie’s below-average rates, Fayetteville drivers can get access to robust coverage options and great discounts.
Erie offers car insurance policies that include pet coverage, personal item coverage, glass repair coverage, roadside help, and locksmith services. Each policy also includes a rate lock guarantee, a decreasing deductible, and forgiveness for the first accident.
Because of its low car insurance rates, Geico is an option that Fayetteville residents should consider. Geico charges an average premium of $799 per year for full coverage and $286 per annual for minimum coverage. Geico’s coverage for car insurance is however very basic.
Drivers who want to save even more money can take advantage of Geico’s discounts. Students, military personnel, federal employees, employers/membership groups, emergency deployments, certain safety features, and many others can save.
Progressive’s car insurance policies in Fayetteville are more expensive than the average, but they come with many perks. With Progressive, drivers get access to a long list of coverage options, online resources and unique discounts, like the Snapshot safe driver reward program.
In addition, Progressive offers a number of endorsements, including gap insurance, custom parts coverage and rideshare insurance. There are discounts available for bundling your policies, paying your annual premium in full, being a good student, having continuous insurance, being a homeowner and more.
The average State Farm car insurance policy is cheap. Many drivers can also claim at least one discount to receive a lower premium. There are discounts for being accident-free, taking a defensive driving course, being a good student and having a vehicle with safety features.
State Farm is the only company that offers safe driver discounts programs. These include Drive Safe & Save for young drivers and Steer Clear to those under 25. State Farm policies have few endorsements and are very basic.
Fayetteville has the lowest car insurance
The average cost of car insurance in Fayetteville is more expensive than the statewide average rate in North Carolina, $1,325 annually for full coverage insurance and $413 annually for minimum coverage insurance. Car insurance rates in North Carolina, however, are lower than the national average of $1674 per annum for full coverage, and $565 for minimum coverage.
Each car insurance company has a different rate. The table below includes the cheapest car insurance in Fayetteville from the most popular carriers based on market share:
It is important to compare the prices of different providers before you make a decision on a car insurance provider. Every company offers different coverage options and discounts. You can choose which features are most important for you to determine which company is best suited to your needs.
Another important aspect to be mindful of is customer satisfaction. Geico and Erie received higher than average ratings in 2020 J.D. The Power U.S. Auto Insurance Study. Allstate, Nationwide and State Farm are all below the regional average. In terms of claims satisfaction, State Farm, Erie, Allstate and Nationwide are all ranked above-average, while Geico falls below the industry average.
Fayetteville insurance requirements
Any driver who drives a car registered in North Carolina must have auto insurance. The minimum insurance requirement is 30/60/25 in personal liability insurance, which includes the following coverages:
- $30,000 per person in bodily injury liability insurance
- $60,000 per accident in bodily injury liability coverage
- $25,000 in property damage coverage per accident
The same limits are required for uninsured/underinsured motorist coverage. Minimal coverage policies are usually the most affordable. Although choosing minimum coverage may seem like the best option, it is not always the most affordable. It is not guaranteed that minimum coverage insurance will cover all costs of an accident. Any expenses not covered by insurance must be paid out-of-pocket. Drivers who drive a leased vehicle or finance it are required to have full coverage until the loan is repaid.
Fayetteville offers car insurance discounts
Many Fayetteville car insurance companies offer discounts to help drivers receive a lower premium. These are the most popular Fayetteville car insurance discounts:
- Discounts without claims: Fayetteville drivers who don’t have any insurance claims or have not made any in the past few years often qualify for savings.
- Discount on vehicle safety features: You may be eligible for a discount if your car features common safety features like anti-lock brakes or anti-theft devices, as well as lane departure alerts.
- Discounts for defensive driving: Insurance companies often offer discounts to drivers who have completed a safe driver training or approved defensive driving course. For a complete list of approved programs, check with your insurance company.
- The pay in full discount is one of the easiest discounts you can claim. You may be able to save money if you pay your annual premium in one lump sum and not in monthly installments.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company is different for everyone, as each driver has a unique set of circumstances. Different drivers may be looking for a lower rate or specific coverages, while others might want to take advantage of unique discounts. It is important to compare companies and obtain multiple quotes in order to find the right car insurance company for you.
What is the cost of car insurance Fayetteville?
Fayetteville’s average car insurance premium is $1,513/year for full coverage insurance. It’s $528/year for minimum coverage insurance. Every driver in Fayetteville will pay a different premium depending on their age, credit score and claims history.
What are the requirements to buy a Fayetteville car insurance policy?
You can use Bankrate’s car insurance tool to find and compare quotes from today’s top auto insurance providers. To finalize your quote, you’ll need to submit a few details once you have chosen the best quote. Make sure you have your vehicle identification number (VIN), driver’s license, social security number, and banking information.