best car insurance Charlotte
2022
The Cheapest and Best Car Insurance in Charlotte
The Cheapest Car Insurance Companies in Charlotte
A broad coverage car indemnity policy provides both comprehensive and collision coverage, but it costs more than indebtedness indemnity. On average, the two insurers offering the lowest entire coverage car insurance rates in Charlotte are :
- Nationwide: $647 per year
- Erie: $781 per year
The cheapest car policy in Charlotte is from Nationwide. Its average annual cost of $ 647 is about half of what Metlife policyholders pay per year, at $ 1,213. The costs for both carriers are based on a full coverage policy. however, your rates may change depending on your coverage level and drive record .
Cheapest Car Insurance in Charlotte
Full Coverage 100/300/100
- party 100/300/100
per year
- 1 .Nationwide
$647
- 2 .Erie
$781
- 3 .State Farm
$799
- 4. North Carolina Farm Bureau
$815
- 5 .GEICO
$882
- 6 .Travelers
$965
- 7 .Allstate
$1,143
- 8 .Progressive
$1,208
- 9 .MetLife
$1,213
For this study, MoneyGeek used a 40-year-old male driver with a full coverage car indemnity policy whose limits can be found in our methodology. When purchasing wax coverage car insurance, you will pay higher premiums than indebtedness entirely car indemnity because a full coverage policy has the following two extra types of coverage :
- Collision Insurance: Covers the cost of damage to your car if you collide with a stationary object or another vehicle
- Comprehensive Insurance: Covers the costs associated with non-collision damage to your car
If you have an older fomite, liability-only or state minimum cable car indemnity may be the best alternative since a fully coverage car indemnity policy may cost more than the worth of your cable car .
Compare Car Insurance Rates in Charlotte
see you ‘re getting the best rate for your cable car policy. Compare quotes from the top policy companies. widget-location-pin
Cheapest Car Insurance in Charlotte for Minimum Coverage
On average, the most low-cost insurers for minimal coverage in Charlotte are :
- Nationwide: $325 per year
- Erie: $427 per year
Metlife policyholders pay the highest rates for this coverage, at an average of $ 643 per year. This is about double what drivers with a countrywide policy pay per year. While the minimal car indemnity coverage is the cheapest in the state, it features lower liability coverage limits. You may need to purchase extra coverage since it does not include comprehensive examination and collision insurance. You can compare rates for higher indebtedness limits using the table below .
Cheapest Minimum Liability Car Insurance in Charlotte
state Minimum
- company State Minimum
per year
- 1 .Nationwide
$325
- 2 .Erie
$427
- 3. North Carolina Farm Bureau
$441
- 4 .State Farm
$459
- 5 .GEICO
$466
- 6 .Travelers
$527
- 7 .Allstate
$591
- 8 .Progressive
$626
- 9 .MetLife
$643
Charlotte ’ s minimal car policy coverage provides the least security as it only includes liability coverage plus uninsured motorist coverage. This explains why it ’ south besides the cheapest option. however, in subject of an accident, you may need to pay more out of pouch. For case, let ‘s say you get involved in an at-fault accident. If the third-party driver ’ south injuries cost $ 40,000 to treat and you entirely have $ 30,000 in coverage, you will have to pay $ 10,000 to cover the deviation .
North Carolina Minimum Liability Requirements
- detail description
- Bodily Injury and Property Damage $ 30,000 per person, $ 60,000 per accident and $ 25,000 for place wrong. A more protective level is 100/300/100 .
- Uninsured motorist $ 30,000 per person, $ 60,000 per incident and $ 25,000 for property damage. The minimal coverage may not be enough if you ‘re in a unplayful accident .
Cheapest Car Insurance in Charlotte if You Have Driving Violations
In Charlotte, car policy rates vary depending on your drive record. If you have a austere trespass like a DUI, speeding ticket or at-fault accident, your premiums could be higher. On average, the cheapest car insurance in Charlotte for drivers with violations is from :
- Cheapest after a ticket: Nationwide, $934 per year
- Cheapest after an at-fault accident: Nationwide, $1,126 per year
- Cheapest after a DUI: Nationwide, $2,414 per year
By improving your drive record over time, you can lower your car policy premiums significantly. You may besides find the best rates for drivers with at-fault accidents or speeding tickets by comparing prices between providers .
Cheapest Car Insurance in Charlotte With a Violation
Speeding ticket
- company Speeding Ticket
per year
- 1 .Nationwide
$934
- 2. North Carolina Farm Bureau
$1,177
- 3 .Erie
$1,190
- 4 .State Farm
$1,205
- 5 .MetLife
$1,213
- 6 .Travelers
$1,477
- 7 .GEICO
$1,499
- 8 .Progressive
$1,664
- 9 .Allstate
$1,681
Average Cost of Car Insurance in Charlotte
Charlotte
$939
NC
$841
U.S.
$1,424
The annual car insurance rate in Charlotte is $ 939 on average, which is about 11.7 % more expensive than the state ’ second $ 841 average annual premium. however, when you compare it with the national average of $ 1,424 per year, car indemnity premiums in Charlotte are around 34 % cheaper than elsewhere in the nation.
Personalized Quotes to Get You the Cheapest Car Insurance in Charlotte
How expensive your premium will be depends on a lot of factors, including your marital condition, age and driving history. For that reason, you must get a individualized policy quotation so that you get the most accurate pace for you. additionally, when you get a personalize quotation as your position changes, you may enjoy discounts and rebates .
Compare Car Insurance Rates in Charlotte
guarantee you ‘re getting the best rate for your cable car indemnity. Compare quotes from the top policy companies. widget-location-pin
The Best Car Insurance Companies in Charlotte
Charlotte ’ sulfur best cable car insurance companies, as recommended by MoneyGeek, libra low-cost cost and quality of service. From the findings, the top two insurers in the city are :
- Erie: MoneyGeek score of 93 out of 100
- Auto-owners Insurance Company: MoneyGeek score of 90 out of 100
USAA had the highest MoneyGeek score, at 95 out of 100. however, the ship’s company only serves military members and their families. MoneyGeek considered respective factors when determining the final scores of each ship’s company, including fiscal stability, drug user gratification and affordability scores angstrom well as information from J.D. Power and other third-party institutions .
1
USAA
score :
95
4/5 Affordability 5/5 Claims Ratings 4/5 User Satisfaction A++ fiscal constancy 2
Erie
sexual conquest :
92.5
4/5 Affordability 5/5 Claims Ratings 4/5 User Satisfaction A+ fiscal constancy 3
Auto-Owners Insurance Co
sexual conquest :
90
4/5 Affordability 3/5 Claims Ratings 4/5 User Satisfaction A++ fiscal Stability
4
North Carolina Farm Bureau
score :
87.5
4/5 Affordability 4/5 Claims Ratings 4/5 User Satisfaction A fiscal stability 5
GEICO
sexual conquest :
85
3/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A++ fiscal constancy 6
State Farm
score :
82.5
3/5 Affordability 3/5 Claims Ratings 4/5 User Satisfaction A fiscal stability 7
Nationwide
score :
80
2/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A+ fiscal stability 8
Travelers
score :
80
2/5 Affordability 3/5 Claims Ratings 2/5 User Satisfaction A++ fiscal constancy 9
MetLife
sexual conquest :
80
3/5 Affordability 3/5 Claims Ratings 2/5 User Satisfaction A+ fiscal constancy 10
Safeco
score :
77.5
3/5 Affordability 2/5 Claims Ratings 3/5 User Satisfaction A fiscal stability 11
Progressive
grudge :
77.5
3/5 Affordability 2/5 Claims Ratings 2/5 User Satisfaction A+ fiscal constancy 12
Allstate
score :
75
2/5 Affordability 2/5 Claims Ratings 2/5 User Satisfaction A+ fiscal stability 13
Liberty Mutual
score :
75
2/5 Affordability 3/5 Claims Ratings 2/5 User Satisfaction A fiscal stability 14
National General
score :
72.5
3/5 Affordability 2/5 Claims Ratings 2/5 User Satisfaction A- fiscal stability
Average Cost of Car Insurance by Postal Code
In Charlotte, ZIP code is besides a factor that can affect car insurance rates. ZIP code 28215 is the most expensive part of the city for car coverage at an average of $ 1,094 a class. That ’ randomness around $ 302 more expensive than the cheapest energy code, which is 28269. This dispute probably means that 28215 has more accidents, thefts or uninsured drivers compared to the rest of the ZIP codes in the city .
- Zip Code State Minimum
per year
- 28269
$792
- 28277
$843
- 28227
$885
- 28216
$1,083
- 28215
$1,094
Factors That Impact Insurance Costs in Charlotte
In addition to individual driver needs and history, location-specific factors like the share of uninsured motorists and the rate of black accidents besides contribute to car indemnity rates in Charlotte. How Charlotte ranks compared to the 300 most populous cities in the United States can have a significant affect on premium costs .
Most Accidents With Fatalities
78th
/ 300
Most car Thefts
87th
/ 300
Most uninsured Motorists by State
48th
/ 50
personal Injury Protection Required No
Most annual rain
103rd
/ 300
Most showery Days
112th
/ 300
Methodology and Assumptions
MoneyGeek ’ mho average premium rates for Charlotte are based on 100/300/100 comprehensive collision coverage with a $ 1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their read. Additional premiums are added based on coverage type, localization and drive record. Learn more about MoneyGeek ’ s data and methodology here. About the author
Mark Fitzpatrick is a senior message coach with MoneyGeek specializing in indemnity. Mark has years of experience analyzing the policy market and creating master research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a maestro of Arts .