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Average cost of car insurance in North Carolina in 2022
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The average cost of car insurance in North Carolina is $1,392 per year for full coverage and $431 per year for minimum coverage, according to Bankrate’s 2022 study of quoted annual premiums from Quadrant Information Services. North Carolina drivers pay less than the national average for both full coverage and minimum coverage, despite having some busy roadways and high minimum limits. Our research into the average cost of coverage in North Carolina could help you know if your rate is competitive.
- North Carolina drivers pay an average of 21% less each year for both full coverage and minimum coverage car insurance when compared to the national average.
- Geico and State Farm are among the cheapest car insurance companies in North Carolina.
- Ford F-150s and Honda Odysseys are some of the cheapest vehicles to insure in NC, costing about 19% less than the state average for full coverage.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much does car insurance cost in North Carolina?
So, how much is car insurance in North Carolina? In 2022, the average North Carolina car insurance cost is $1,392 annually for full coverage and $431 annually for state minimum coverage limits. Both these rates are well below the national average car insurance rate of $1,771 per year for full coverage and $545 per year for minimum coverage. To determine these rates, we turned to Quadrant Information Services and reviewed average rates for the largest companies in the state by market share.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
North Carolina car insurance rates by city
You know that car insurance rates vary by state, but did you know they also vary by city? Larger cities tend to have higher insurance costs. The higher cost of medical care can increase bodily injury liability coverage premiums, and higher costs for vehicle repairs and labor 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. For example, Charlotte’s average annual full coverage premium is 12% higher than the state average.
| City | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Charlotte | $539 | $1,553 |
| Raleigh | $458 | $1,359 |
| Greensboro | $449 | $1,392 |
| Durham | $437 | $1,369 |
| Winston-Salem | $401 | $1,262 |
| Fayetteville | $521 | $1,591 |
| Cary | $409 | $1,227 |
| Wilmington | $468 | $1,345 |
| High Point | $455 | $1,414 |
| Concord | $474 | $1,420 |
North Carolina car insurance rates by insurance company
An important factor affecting car insurance rates in the Tarheel State is the carrier you choose. Each car insurance company uses its own rating system to determine your premium, so the same coverage can be priced differently by different carriers. This is why shopping around and comparing car insurance quotes from several companies could help you find the cheapest car insurance in North Carolina for your needs.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Allstate | $439 | $1,597 |
| Erie | $376 | $1,105 |
| Geico | $329 | $910 |
| Kemper | $462 | $1,414 |
| Nationwide | $328 | $1,197 |
| Carolina Farm Bureau | $336 | $1,047 |
| Penn National | $440 | $1,399 |
| Progressive | $530 | $1,693 |
| State Farm | $318 | $966 |
| Travelers | $463 | $1,471 |
North Carolina car insurance rates by age
Car insurance rates vary by age, with younger drivers usually paying more for coverage due to a higher likelihood of accidents and a higher likelihood of filing claims, as they tend to be less financially established. Teen drivers typically face the highest vehicle insurance rates, as illustrated below, due to their lack of driving experience. 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. At some ages, younger drivers may be included on their parents’ policy or may be on their own policy. We’ve included both rates to illustrate the difference.
Average cost of car insurance for drivers on their parents’ policy
If a younger driver is still living in their parents’ household, it’s usually cheaper to keep that driver listed on the parents’ policy. Typically, teenage drivers on their parents’ insurance policy are less likely to file claims for minor incidents. You can see from the rates below that the newest drivers, those who are 16- and 17-years old, pay the highest rates. Premiums start to lower even after just one year of driving experience.
| Age | Average annual premium for full coverage in North Carolina |
|---|---|
| Age 16 | $3,175 |
| Age 17 | $2,419 |
| Age 18 | $2,222 |
| Age 19 | $1,608 |
| Age 20 | $1,585 |
Average cost of car insurance by age for drivers on their own policy
For an 18-year-old on their own policy, full coverage costs 34% more than it would if the teen were included on the parents’ policy. However, once a child moves out of their parents’ house and establishes their own household, they’ll need their own insurance. While younger drivers on their own may pay heft premiums, rates drop significantly by age 25 and continue to trend downward.
| Age | Average annual premium for full coverage in North Carolina |
|---|---|
| Age 18 | $2,983 |
| Age 25 | $1,471 |
| Age 30 | $1,417 |
| Age 40 | $1,392 |
| Age 60 | $1,332 |
North Carolina car insurance rates by driving record
Safe drivers usually enjoy the cheapest car insurance. Policyholders with driving incidents on their records may be viewed as high-risk drivers, which often results in higher premiums. The severity of your infraction, as well as the company you are with and how many incidents you have, will all impact your price. Even though it’s pricey, if you have a history of driving incidents, you may want to strongly consider full coverage insurance, which will provide financial support for damage to your own vehicle as well as damage that you cause. A DUI (driving under the influence) conviction has the most expensive impact on your premiums in North Carolina, increasing premiums by an astounding 310% on average.
| Driving incident | Average annual full coverage premium | % increase of state average annual premium |
|---|---|---|
| Speeding ticket conviction | $2,089 | 50% |
| At-fault accident | $1,988 | 43% |
| DUI | $5,714 | 310% |
North Carolina car insurance rates by vehicle type
The type of vehicle you drive is another impacting rating factor for North Carolina car insurance. Vehicles that have a higher statistical likelihood of an accident, have fewer safety features or have more expensive repairs costs may cost more to insure. For example, a BMW 330 costs about 24% more than the state average to insure for full coverage, while both a Ford F-50 and Honda Odyssey cost about 19% less than the state average.
| Vehicle type | Average annual full coverage premium |
|---|---|
| BMW 330i | $1,720 |
| Ford-150 | $1,122 |
| Honda Odyssey | $1,122 |
| Toyota Prius | $1,608 |
How to save on car insurance in North Carolina
Generally, North Carolina car insurance is cheaper than comparable coverage in many other states. However, there are still ways to get a lower premium.
- Shop around: Because different companies charge different rates, shopping around and comparing quotes might help you find the lowest price for the coverage you need.
- Bundle your policies: Bundling your auto and home insurance just means buying both policies from the same company. This is generally one of the most significant discounts you can get.
- Maintain a clean driving record: Drivers with incidents like tickets, at-fault accidents and DUI convictions pay quite a bit more for car insurance coverage. Practicing safe driving habits could help you avoid these costly surcharges.
- Ask for a prayer for judgment: If you do incur a traffic offense, you could ask for a prayer for judgment, which means you won’t be penalized even though you are guilty. There are limits to how often this can be done, though, and limits to what offenses it applies to.
Keep in mind that North Carolina prohibits many common discounts, like good student discounts. To ensure you’re taking advantage of the discounts that are available, talk to your agent or a representative from your company.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full 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 state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute 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 profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.
Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.