Although there are more than 7,000,000 licensed drivers in North Carolina, insurance premiums in the Old North State keep rates low. Average car insurance rates for Wilmington are lower than other U.S. cities. Annual premiums for full coverage start at $1,277 and minimum liability coverage starts at $469. To find the best and most affordable carriers for Wilmington drivers, we used data from third-party sources as well as car insurance rates provided to us by Quadrant Information Service.
Best car insurance companies Wilmington
Quadrant Information Services was used by Bankrate to obtain current premium information from the largest carriers in the region in order to determine which best car insurers in Wilmington. In addition to premium, we also evaluated customer service ratings, available coverage options, and financial stability ratings. The following are the top car insurance companies in Wilmington, North Carolina, based on the data we collected:
| Insurance company | J.D. J.D. | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|---|
| Allstate | 846 / 1,000 | $478 | $1,561 |
| Erie | 871 / 1,000 | $436 | $1,115 |
| Geico | 857 / 1,000 | $270 | $774 |
| North Carolina Farm Bureau | 854 / 1,000 | $410 | $1,045 |
| State Farm | 835 / 1,000 | $380 | $902 |
Allstate
Allstate has the highest minimum and maximum coverage premiums of all the carriers on our list. However, it offers coverage options that might be worth the extra premium. Allstate’s coverage offers more than just standard auto insurance. It also includes classic car coverage and coverage to drive Mexico.
A host of discounts are offered by the company to lower policyholders’ premiums. These include a discount for students, a discount on new cars, and a pay in full discount. Allstate scored higher than the industry average in 2020 J.D. Power U.S. Auto Claims Satisfaction Survey has awarded Allstate an A+ (Superior), which means it is financially sound.
Erie
Erie’s auto policy is available to Wilmington residents only. It is not sold in 12 States or the District of Columbia. Erie is well-known for its unique coverages, which include pet coverage and personal property coverage.
Erie was also ranked second in the Southeast region of the 2020 J.D. With a score 871 out 1000, Power U.S. Auto Insurance Study was also second in the Southeast region. The study assessed customer satisfaction with company policies, billing processes, claims handling, customer interaction and policy offers. Erie’s customers generally are satisfied with the company’s performance.
Geico
Geico is a good choice if you’re looking for an affordable policy that covers auto insurance. Geico’s policies are relatively simple. The company offers very few coverage options that allow policyholders to personalize their policies. Geico’s premiums are among the lowest, so those who are most interested in a low rate might find it appealing.
Geico offers many discounts options that can help policyholders reduce their premiums. Geico is an excellent choice if you want digital access to your policy information. The mobile app allows you to access your ID cards, file a claim, and call roadside assistance. It has a rating of 5.0 on Google Play, and rating of 5.0 in the App Store.
North Carolina Farm Bureau
North Carolina Farm Bureau is a smaller company than some of the others, but it provides excellent service. The company employs agents in all counties in the state. The company may have agents who are familiar with North Carolina drivers because it is based in North Carolina.
North Carolina Farm Bureau also offers home, life, and health insurance. It may be possible to combine all of your policies through them if you buy auto insurance.
State Farm
State Farm is the biggest insurer for personal vehicles in the United States. There are many coverages available, including ridesharing and options to insure classic and sports cars.
State Farm is a great choice if you have teens to insure. The Steer Clear program will teach your teen safe driving and offer you a discount on your auto policy premium. If your teen is a full-time student in high school or college and has a certain GPA, or letter grade average, they may be eligible for a good student discount.
Wilmington: The cheapest car insurance
The best car insurance companies may also offer the lowest rates. However, this is not always the case. Wilmington’s car insurance rates is lower than The average cost of full coverage insurance in the U.S. is $1,277. In Wilmington, minimum coverage is $469/year compared to $565 nationwide.
We compared rates for the most well-known carriers on the basis of market share to find the lowest rates for Wilmington drivers. Geico is the most affordable car insurance company. State Farm and Erie are second and third. These companies have strong financial stability and offer mobile apps that allow you to submit claims online.
Erie is a smaller insurer than State Farm and Geico, but you don’t need to compromise service or get claims paid quickly to get the best car insurance rates in Wilmington.
| Insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| Geico | $270 | $774 |
| State Farm | $380 | $902 |
| Erie | $436 | $1,115 |
| All over the country | $453 | $1,378 |
| Allstate | $478 | $1,561 |
Insurance requirements for Wilmington
The majority of states in the U.S. require that drivers have at least minimum liability coverage for all vehicles they register. North Carolina is not an exception. Minimum liability limits are very low and must be at least:
- $30,000 per person to treat bodily injuries
- $60,000 per accident (two or more) for bodily injury
- $25,000 for property damage
Although the minimum coverage requirement is the most affordable rate, it’s not usually the best option for most drivers. If you are involved in an accident that results in injuries or property damage, liability coverage will provide financial protection.
You may need to have full coverage if you lease or finance a car. If the car is still worth something, it’s a good idea for you to have full coverage. This will allow you to cover any repairs or damages that may be required by your loan or lease.
Wilmington: Car insurance discounts
Maximizing discounts is one of the best ways you can find affordable car insurance in Wilmington with a great company. These discounts can make a huge difference in your premiums.
Accident-free: You can often get a discount on your insurance if your household hasn’t been involved in an accident within the last three years.
- Senior drivers over 55 years old can pass a defensive driving course that is approved by the state to lower their insurance rates.
- Student discount: Drivers under 25 who are enrolled full-time at school can get a B average or higher to reduce their car insurance costs.
- Multi-policy Discount: If you have multiple products, such as a car, home or other items insured by the same carrier, the multi-policy discount is one of the best.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company will offer affordable rates, but not compromise on customer service or coverage options. Compare multiple quotes so that you can choose the right company for your family and budget.
What is the cost of car insurance in Wilmington?
Prices can vary depending on where you live in Wilmington, how you drive and what coverage you require. Car insurance in Wilmington costs on average $469 per year for minimum coverage, and $1,277 for full coverage.
