Skip to Main Content

Best cheap car insurance in Cary for 2022

Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . This content is powered by (NPN: 8781838). For more information, please see our

Cary, located outside the Raleigh-Durham area of North Carolina, has a population of slightly over 170,000. Residents of this vibrant town pay an average of $410 annually for minimum coverage and $1,165 for a full coverage policy, far below the national average of $1,674 for full coverage car insurance.

Whether driving to their favorite college basketball game or commuting to the Research Triangle, residents of Cary need proper auto insurance coverage to provide adequate financial protection in case of an accident. Bankrate has reviewed several national and local insurance carriers to find the ones offering both affordable rates and a wide range of policy options.

Best car insurance companies in Cary

A number of carriers were analyzed to find the best car insurance company in Cary. These carriers offer not only high customer satisfaction ratings but also offer affordable rates for standard coverage options.

Insurance company J.D. Power score
Southeast Region
Average annual premium for minimum coverage Average annual premium for full coverage
Geico 857 / 1,000 $254 $738
State Farm 835 / 1,000 $300 $806
North Carolina Farm Bureau 854 / 1,000 $367 $980
Erie 871 / 1,000 $402 $1,047


Geico has the least expensive rates of the companies analyzed by Bankrate and high J.D. Power customer satisfaction scores. Another high rating Geico earns is one for financial strength, where it receives an A++ Superior rating from the AM Best company. Of these four, Geico also offers the most discounts, ranging from paperless statements to paying your premiums in full.

State Farm

While State Farm did not score the highest rating for the J.D. Power survey, the low rates may be enough to warrant serious consideration. State Farm provides a large number of resources for your policy management, including a highly rated mobile app where you can take care of almost all your tasks for obtaining a quote or purchasing coverage.

North Carolina Farm Bureau

North Carolina Farm Bureau may not have the most discounts compared to others on this list, but the lower rates and above-industry average scores with J.D. Power make it worth a second look. This local carrier provides some of the least expensive rates while earning above-industry average customer service ratings with an 854 out of 1,000. Financial strength is also highly rated, with an A rating from the AM Best company.


This regional carrier services 12 states, including North Carolina, and receives the highest marks of those reviewed with the J.D. Power score. If you prefer working directly with an agent, you will appreciate the large, 13,000 plus agent network Erie has built. The wide variety of coverage options and discounts round out the numerous advantages Erie offers its customers.

Cheapest car insurance in Cary

There are a number of carriers offering the best cheap car insurance in Cary. Although Cary residents pay an average of $410 annually for minimum coverage and $1,165 for full coverage, numerous carriers come in below this average. Carriers such as Geico, State Farm, Nationwide and Erie offer lower average premiums.

The table outlines the cheapest car insurance rates from these four carriers mentioned above, plus MetLife (now considered Farmers Insurance Group). Each carrier offers competitive rates and goes above and beyond the standard coverage options you find with other carriers.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $254 $738
State Farm $300 $806
Nationwide $365 $1,194
Erie $402 $1,047
MetLife $471 $1,305

Cary insurance requirements

North Carolina drivers are required to carry at least a minimum amount of auto insurance coverage. This includes 30/60/25 in liability coverage and uninsured/underinsured motorist coverage.

  • $30,000 bodily injury liability coverage per person
  • $60,000 bodily injury liability coverage per accident
  • $25,000 property damage liability coverage per accident
  • $30,000 uninsured motorist bodily injury coverage per person
  • $60,000 uninsured motorist bodily injury liability coverage per accident
  • $25,000 uninsured/underinsured motorist property damage

Although it may be tempting to only purchase the minimum in order to stick within a budget, you may be required by other entities to purchase additional coverage. For instance, if you lease or finance your vehicle, you will most likely be required to purchase comprehensive and collision coverage, and in some cases, higher liability coverage limits.

Car insurance discounts in Cary

North Carolina may be one of the least expensive states for auto insurance, and Cary certainly follows the state trend in rates, but you still may want as many discounts as possible. Look for additional ways to save, including:

  • Bundling: If you already have a homeowners or renters policy, adding auto insurance coverage with the same insurance company may qualify you for a bundling discount.
  • Safe driver: If you are willing to install a telematics device or connect to a mobile app via bluetooth to monitor your driving habits, you may qualify for additional savings depending on the feedback you receive.
  • Paid-in-full: If you opt to pay your premiums all at once before the renewal date instead of monthly payments, then you may save more by avoiding costly fees.
  • Good grades: If you are a student near one of the many universities or high schools in or near Cary, your good grades may qualify you for lower premiums.

If you are looking for other ways to save money on top of discounts, there are other tactics too. If you take on a higher deductible, it lowers your premium since you are essentially shouldering more of the risk and agreeing to pay higher out-of-pocket costs. Also, comparison shopping helps you get the lowest rate with the best coverage available. Rates and options vary from one carrier to another, and the only way to see how much you can save is to compare multiple companies to each other.

Frequently asked questions

What is the best car insurance company?

To find the best car insurance company in Cary, it is important to review several factors to find what works best for your lifestyle and budget. Factors such as customer service reviews, financial ratings, coverage and discount options are all important to examine. Bankrate has also reviewed numerous carriers and found Geico, USAA and Amica are first-rate options for auto insurance.

How much does car insurance in Cary cost?

The average cost of car insurance in Cary is $410 annually for minimum coverage and $1,165 for a full coverage policy. However, your exact quote depends on an array of personal factors, including your ZIP code, age, vehicle, driving history and others. Your quote could be lower or higher depending on these variables.


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 sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Sara Coleman
Former Insurance Contributor
Sara Coleman is a former insurance contributor at Bankrate. She has a couple of years of experience in writing for insurance domains such as The Simple Dollar,, and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.