You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s column team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make ache personal finance decisions. We follow hard-and-fast guidelines to ensure that our column contentedness is not influenced by advertisers. Our editorial team receives no aim compensation from advertisers, and our capacity is thoroughly fact-checked to ensure accuracy. therefore, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and reliable information. We prize your faith. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the information you ’ ra read is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive directly compensation from our advertisers. Bankrate follows a hard-and-fast editorial policy, so you can trust that we ’ ra putting your interests first base. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ ra putting accuracy first. Our indemnity team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — monetary value, customer service, policy features and savings opportunities — indeed you can feel confident about which supplier is right for you. Bankrate follows a nonindulgent editorial policy, so you can trust that we ’ re putting your interests first. All of our content is authored by highly stipulate professionals and reviewed by subject matter experts, who ensure everything we publish is aim, accurate and desirable of your hope. Founded in 1976, Bankrate has a long chase record of helping people make smart fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making procedure and giving people confidence in which actions to take future. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This contentedness is powered by HomeInsurance.com ( NPN : 8781838 ). For more data, please see our Insurance disclosure. The average monetary value of car indemnity in North Carolina is $ 1,325 per year for full coverage, or about $ 110 per month, according to Bankrate ’ randomness 2021 study of full coverage rates from Quadrant Information Services. This trope was determined after reviewing average premiums in 707 North Carolina ZIP codes. North Carolina car indemnity rates are slightly lower than the national average. however, understanding the average monetary value of car indemnity in your area may help you make more train decisions about your coverage and potentially find savings. Bankrate analyzed median North Carolina car insurance rates by city, company, historic period, credit score, driving criminal record and vehicle type to help you determine if your policy is competitively priced based on your site .
How much is car insurance in North Carolina?
North Carolina car indemnity rates are below the national average of $ 1,674, at an average of $ 1,325 for full coverage car policy per class. however, your premiums will probable differ. Although the state you live in can be one of the biggest contributing factors to the cost of vehicle coverage, your premiums are besides dependent on your city, company, age and other rate factors .
North Carolina car insurance rates
| Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|
| $413 | $1,325 |
North Carolina car insurance rates by city
Your localization within North Carolina can have a large impingement on how much you pay for car insurance. Larger cities tend to have higher insurance costs. The higher monetary value of aesculapian care can increase bodily injury indebtedness coverage premiums, and higher costs for vehicle repairs and parturiency can increase property damage liability, comprehensive and collision coverage premiums. additionally, larger cities tend to have more traffic, which can lead to a higher likelihood of accidents .
| City | Average annual full coverage premium | % difference from North Carolina |
|---|---|---|
| Charlotte | $1,494 | 13% |
| Raleigh | $1,286 | -3% |
| Greensboro | $1,285 | -3% |
| Durham | $1,263 | -5% |
| Winston-Salem | $1,182 | -11% |
| Fayetteville | $1,513 | 14% |
| Cary | $1,165 | -12% |
| Wilmington | $1,277 | -4% |
| High Point | $1,271 | -4% |
| Asheville | $1,139 | -14% |
North Carolina car insurance rates by company
An authoritative agent affecting cable car policy rates in the Tarheel State is the aircraft carrier you choose. Each cable car indemnity company uses its own rat system to determine your premium, so the same coverage can be priced differently by different carriers. Of the biggest companies in North Carolina by marketplace parcel, Bankrate ’ s review of rates found that Geico sells the cheapest full coverage car indemnity in North Carolina, followed by State Farm .
Cost of living in North Carolina and car insurance
When shop for the best car insurance rates in North Carolina, it is important to factor in your early expenses so that you are looking at your sum living costs. The graph below shows the average annual monetary value of populate in North Carolina, including the average cost of car policy. Use this graph as a guide to help determine your overall expenses so that you can decide what policy rates fit in your budget.
North Carolina car insurance rates by age
Car insurance premiums typically drop with age. adolescent drivers typically face the highest fomite insurance rates, as illustrated below, due to their miss of driving know. Premiums can begin to increase again when drivers reach their senior years, because aging can affect driving ability and potentially increase the likelihood of claims. *16-year-old calculated on parent ’ randomness policy disclosure ; 18- and 20-year-old are renters
North Carolina car insurance rates by gender
While most states use gender as a rating factor, North Carolina does not. In the Tarheel State, your sex will not affect how much you pay for car insurance .
North Carolina car insurance by credit score
In some states, such as North Carolina, your credit rating rate can affect your car indemnity premium. Drivers with lower credit scores are statistically more likely to file claims, so cable car policy companies broadly charge higher premiums to make up for that hazard. Average annual full coverage rate by credit score
| Poor | Average | Good | Excellent | |
|---|---|---|---|---|
| National average | $3,873 | $1,865 | $1,674 | $1,487 |
| North Carolina | $1,758 | $1,451 | $1,358 | $1,352 |
North Carolina car insurance rates by driving record
safe drivers normally enjoy the cheap car policy. A DUI ( driving under the influence ) conviction has the most expensive shock on your premiums in North Carolina, although a individual accelerate ticket or an accident are besides significant. Policyholders with driving incidents on their records may be viewed as bad drivers, which frequently results in higher premiums. The austereness of your misdemeanor, equally well as the party you are with and how many incidents you have, will all impact your monetary value .
| Driving incident | Average annual full coverage premium in North Carolina | % increase of average annual premium |
|---|---|---|
| Clean driving record | $1,325 | – |
| Speeding ticket | $2,054 | 55% |
| Accident | $1,933 | 46% |
| DUI | $5,564 | 320% |
North Carolina car insurance rates by vehicle type
The type of vehicle you drive is another impacting rat factor for North Carolina car indemnity. Vehicles that have a higher statistical likelihood of an accident, have fewer condom features or have more expensive repair costs may cost more to insure .
Frequently asked questions
What is the average cost of minimum coverage in North Carolina?
North Carolina ’ randomness average minimum coverage premium is $ 413 per year. North Carolina ’ s minimum coverage limits are as follows :
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $30,000 uninsured motorist bodily injury liability per person
- $60,000 uninsured motorist bodily injury liability per accident
- $25,000 uninsured motorist property damage liability per accident
- $30,000 underinsured motorist bodily injury liability per person
- $60,000 underinsured motorist bodily injury liability per accident
You may besides use a bond, $ 85,000 sediment with the state treasurer or a security of self indemnity ( only if more than 25 cars registered ) to satisfy the state ’ s fiscal province jurisprudence. While minimum coverage is generally one of the cheapest levels of car indemnity, most insurance agents advise that you purchase higher limits for more fiscal protective covering .
What is the cheapest car insurance company in North Carolina?
The cheapest car policy in North Carolina depends on a total of factors that are unique to each driver, although based on our review of quote annual premiums, the cheapest North Carolina car insurance company we found is Geico. Car indemnity providers base insurance rates on several factors, such as the make and model of your car, where you live, your age, driver record and credit seduce. Getting quotes from respective providers could help you find the lowest price for your situation .
How much is car insurance in North Carolina per month?
North Carolina drivers pay an average of $ 1,325 per year, or about $ 110 per calendar month, for wax coverage. For minimum coverage, the average annual monetary value is $ 413, which makes the average monthly bounty about $ 34. Your rate will vary based on your individual rat factors .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, effective credit and the follow broad coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each submit ’ mho requirements. Our base visibility drivers own a 2019 Toyota Camry, permute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Age: Rates were calculated by evaluating our base visibility with the ages 18-60 ( base : 40 years ) applied. Depending on long time, drivers may be a renter or homeowner. For teens, rates were determined by adding a 16- or 17-year-old adolescent to a 40-year-old marital copulate ’ south policy. The rates displayed reflect the add cost to the parents ’ policy. Based on quote annual premiums, it does not appear Hawaii uses age as a contribute component.
Gender: The follow states do not use gender as a determining factor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania. Credit: Rates were calculated based on the following indemnity credit tiers assigned to our drivers : “ poor, modal, good ( basis ), and excellent. ” Insurance accredit tiers factor in your official credit scores but are not dependent on that varying alone. The pursuit states do not allow credit rating to be a component in determining car indemnity rates : California, Hawaii, Massachusetts, Michigan, Washington. Incident: Rates were calculated by evaluating our base profile with the watch incidents applied : clean record ( base ), at-fault accident, single accelerate slate, single DUI conviction and relapse in coverage .