The average annual cost of car insurance in North Carolina is $413 for minimum coverage and $1,325 for full car insurance. Although North Carolina auto insurance rates in the state are slightly lower than the national average, you may be able to save further on the average car insurance rates in North Carolina if you know which carriers offer the best pricing — and how to get it.
How much is car insurance in North Carolina?
North Carolina car insurance rates are below the national average of $565 and $1,674, with an average of $413 for minimum coverage and $1,325 for full car insurance per year.
However, your premiums may vary. Although the state you live in can be one of the biggest contributing factors to the cost of vehicle coverage, your premiums are dependent on more than the state you live in. Other factors which affect the cost of car insurance are:
- Your age: Teen and young drivers pay more due to their lack of driving experience and the statistically high number of accidents they’re in.
- Your ZIP code: Some neighborhoods and cities in North Carolina may be more expensive for car insurance than others, based on factors such as theft and accident rates.
- Driving record: If you have one or more accidents or moving violations on your record, your car insurance will likely be higher.
- Credit score: Auto insurance companies generally check your credit score to determine your rates. Drivers with better credit scores usually receive cheaper premiums.
- Carrier: The company you choose for car insurance in North Carolina could make all the difference in your rate. Carriers provide discounts for a range of driver profiles.
North Carolina car insurance rates by company
An important factor affecting car insurance rates in the Tarheel State is the carrier you choose. Bankrate found that the cheapest car insurance in North Carolina is Geico for minimum and full coverage, followed by State Farm.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Allstate | $459 | $1,633 |
| AmTrust Financial | $419 | $1,372 |
| Erie | $365 | $1,125 |
| Geico | $260 | $835 |
| MetLife | $488 | $1,524 |
| Nationwide | $368 | $1,374 |
| North Carolina Farm Bureau | $374 | $1,107 |
| Penn National | $441 | $1,333 |
| Progressive | $527 | $1,630 |
| State Farm | $292 | $958 |
North Carolina car insurance rates by city
The top 20 cities below are the largest based on population. Charlotte has the highest North Carolina insurance rates.
| City | Average annual premium for full coverage | % increase in average annual premium |
|---|---|---|
| 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% |
| Greenville | $1,365 | 3% |
| Concord | $1,331 | 0% |
| Gastonia | $1,475 | 11% |
| Jacksonville | $1,387 | 5% |
| Chapel Hill | $1,148 | -13% |
| Salisbury | $1,340 | 1% |
| Mooresville | $1,277 | -4% |
| Statesville | $1,271 | -4% |
| Burlington | $1,237 | -7% |
| Goldsboro | $1,328 | 0% |
North Carolina car insurance rates by age
Car insurance premiums typically drop with age. Teens face the highest vehicle insurance rates, as illustrated below.
| Age | Average annual premium in North Carolina |
|---|---|
| Age 16 | $1,765 |
| Age 17 | $1,078 |
| Age 22 | $1,554 |
| Age 25 | $1,481 |
| Age 30 | $1,435 |
| Age 35 | $1,426 |
| Age 40 | $1,416 |
*16-year-old and 17-year-old calculated on parent’s policy disclosure
North Carolina car insurance rates by driving record
Safe drivers enjoy the cheapest car insurance. A DUI (driving under the influence) conviction has the most expensive impact on your premiums, although a single speeding ticket or an accident are also significant.
| Driving incident | Average annual full coverage premium in North Carolina | % increase in average annual premium |
|---|---|---|
| Speeding ticket | $2,045 | 54% |
| Accident | $1,934 | 46% |
| DUI | $5,700 | 330% |
How to save on car insurance in North Carolina
To save further on car insurance in the state, take advantage of a few ways to lower your premiums, such as:
- Student car insurance discounts: North Carolina has 133 colleges, with 35,479 students enrolled alone at North Carolina State University at Raleigh. Maintaining a certain GPA may net you savings on your car insurance premium.
- Telematics: Enrolling in a driver-tracking program that monitors your driving habits can help lower your premiums, especially if they’re affected by past tickets or accidents.
- Bundling coverage: Insuring your home or rental with your car through the same insurance company may bring you reductions across the board.
- Low mileage: Urban areas in North Carolina have comprehensive public transportation networks. Driving less can qualify you for a low mileage discount with many of the top car insurance companies.
North Carolina car insurance requirements
All states have some form of insurance requirement for resident drivers. North Carolina’s state rules require continuous liability insurance of at least:
- $30,000 per person and $60,000 per accident in bodily injury coverage
- $25,000 per accident in property damage coverage
Although North Carolina car insurance mandates a minimum amount of liability coverage, drivers who lease or finance their vehicle will need full coverage, which adds collision and comprehensive coverage to liability insurance.
Frequently asked questions
What is the difference between minimum and full coverage?
Minimum coverage typically only includes liability insurance, which pays for damages and injuries to others if you’re at fault in an accident. If your car is damaged or totaled, liability coverage doesn’t include your vehicle. Full coverage adds insurance to also insure your car in accidents or because of theft, fire or weather.
How much is car insurance in North Carolina?
Bankrate found that the average annual cost of car insurance in North Carolina is $413 for minimum coverage and $1,325 for full car insurance.
What are the cheapest car insurance companies in North Carolina?
To find the cheapest car insurance in North Carolina, start with the carriers Bankrate found have the least expensive minimum and full coverage. They are Geico, State Farm, Erie and Nationwide.
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 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
To determine alternate rates, our base profile has been adjusted for the following scenarios:
- Driving history: rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, and single DUI conviction.
- Age: rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to a 40-year-old married couple’s policy. The rates displayed reflect the added cost to the parents’ policy.
These are sample rates and should only be used for comparative purposes.
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