Average Car Insurance Costs in North Carolina (2022) | https://insurecar.info

The average monetary value of car insurance in North Carolina for a 40-year-old driver with a full coverage policy and a clean record is $ 841 per year. If the same driver bought a minimum coverage policy, they would pay $ 436 per year. Younger drivers pay significantly higher rates when applying for their own policies. These rates vary depending on the driver ’ mho profile. To help you understand how the rates change, MoneyGeek broke down the average car insurance rates in North Carolina for different categories.

Average Cost of Car Insurance in North Carolina : Summary

In North Carolina, long time most importantly affects prices, over coverage grade, driving record and citation score. Your coverage tied is the second-most significant component. MoneyGeek breaks down average car insurance costs in North Carolina by the most significant elements. To find out more about the rates for your particular profile, you can look up the average costs of car insurance .

Average Costs of Car Insurance in North Carolina

Why Are Car Insurance Rates Cheap in North Carolina?

cable car policy rates vary depending on the state due to factors such as dealings concentration, vehicle thefts and the rates of uninsured motorists. Compared to the national average, North Carolina car policy rates are one of the cheapest in the area. The state ‘s low pace of uninsured drivers and low incidences of vehicle larceny and natural disasters in North Carolina help to keep rates low.

Average Cost of Car Insurance in North Carolina : Full Coverage vs. Minimum Coverage

North Carolina car policy rates largely depend on the sum of coverage you buy. The average cost of a 100/300/100 full coverage policy, as defined in MoneyGeek ’ s methodology, is $ 841 per year, while a minimum coverage policy costs $ 436 per year. You will pay an modal of $ 405 more annual in North Carolina for fully coverage with comprehensive and collision policy .

Average Cost of Car Insurance in North Carolina by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in North Carolina – By Company

In North Carolina, car insurance rates besides vary importantly depending on the insurance company. The cheapest option in North Carolina for both a minimum coverage car policy policy and a broad coverage policy is Nationwide. For current and early members of the military, USAA is besides an low-cost choice. The most expensive choice for a minimum coverage policy is Metlife, while Progressive has the highest costs for a full moon coverage policy .

Average Annual Costs of Car Insurance in North Carolina – By Company

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  • caller minimal coverage Full coverage
  • Nationwide

    $301

    $600

  • State Farm

    $357

    $650

  • Erie

    $383

    $716

  • North Carolina Farm Bureau

    $390

    $737

  • GEICO

    $427

    $825

  • Travelers

    $460

    $872

  • Allstate

    $509

    $1,004

  • MetLife

    $559

    $1,083

  • Progressive

    $541

    $1,084

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How Much Is Car Insurance in North Carolina by Age

Age ranks as one of the most significant factors affecting North Carolina car indemnity rates. On average, a 40-year-old in North Carolina will pay $ 841 per year for car policy. A 16-year-old, however, will pay an average of $ 2,060 for their own car indemnity policy in the state. Since new drivers and first-time drivers are considered a bad category ascribable to inexperience, cable car indemnity rates for these drivers are similarly high. however, to save on cable car indemnity costs, unseasoned drivers can save by joining their parent ’ south car insurance policy .

Average Costs of Full Coverage Car Insurance in North Carolina – By Age

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How Does Driving History Affect Car Insurance Costs in North Carolina ?

Drivers in North Carolina with poor driving records will pay higher rates for car policy than individuals with clean records. If you have a speed tag on your record, you will pay an average of $ 1,193 annual for car insurance — $ 351 more than a driver with a clean drive record. These costs increase significantly with the asperity of the irreverence on your record .

Average Costs of Full Coverage Car Insurance in North Carolina – By Driving History

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  • Driving rape annual bounty
  • Safe Driver

    $841

  • Speeding Ticket

    $1,193

  • At-Fault Accident

    $1,345

  • DUI

    $3,397

Credit Scores and the Cost of Car Insurance in North Carolina

Individuals in North Carolina with excellent credit scores pay lower premiums than drivers with poorer credit scores. If you have an excellent recognition sexual conquest, you will pay up to $ 84 less annually compared to person with a good credit score. A driver with a poor credit rating score in North Carolina will pay an average of $ 1,024 annual for car indemnity, while a driver with a good accredit sexual conquest will pay up to $ 219 less at $ 805 per class. Drivers with hapless recognition scores can still research low-cost cable car indemnity options for drivers with bad citation .

Average Costs of Full Coverage Car Insurance in North Carolina – By Credit Score

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  • credit rating score annual bounty
  • Excellent

    $721

  • Good

    $805

  • Fair

    $875

  • Below Fair

    $934

  • Poor

    $1,024

How Much Is Car Insurance in Your City?

While car indemnity rates typically change depending on the express, rates can besides vary greatly within the state of matter. On average, cities with high populations or incidences of accidents and car thefts will typically have higher car insurance rates. In North Carolina, Winston-Salem is the cheapest city for car indemnity at an median price of $ 718 per year — up to 14 % cheaper than the state median. Fayetteville is the most expensive city for cable car indemnity in North Carolina at $ 940 annually, reaching 11 % higher than the state median .

Average Costs of Full Coverage Car Insurance in North Carolina – By City

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  • City annual premium

Frequently Asked Questions About North Carolina Car Insurance Rates

MoneyGeek provides extra information on car indemnity in North Carolina by answering some frequently asked questions .

The average monetary value of cable car policy in North Carolina is $ 841 per year. This cost covers a full coverage policy with comprehensive examination and collision coverage .

North Carolina car policy prices are the leave of abject incidences of uninsured drivers in the submit, a well as first gear traffic density and depleted incidence of car thefts .

On average, the sum you pay for cable car insurance in North Carolina will depend on factors such as age, credit score and placement. You can find the best car insurance rates by checking how much drivers with a like profile are paying to compare quotes from unlike insurers.

Methodology

MoneyGeek collected car insurance quotes in collaboration with Quadrant Information Services across North Carolina. These policies covered a 40-year-old driver with a safe drive record purchasing wide coverage as described on our methodology page, unless altered by factors such as coverage level, age, driving violations and credit grudge. MoneyGeek besides analyzed data as follows :

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration
  • Information on uninsured motorists was drawn from 2019 data from the Insurance Research Council
  • Urban share of the population was calculated using the latest data from the U.S. Census Bureau
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019.

About the author

expert-profileexpert-profile Mark Fitzpatrick is a aged content director with MoneyGeek specializing in policy. Mark has years of experience analyzing the policy market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a master of Arts .

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