Who Has The Cheapest Car Insurance in North Carolina?

Our rate data shows that Insurance North Carolina provides the most affordable full-coverage and minimum liability car insurance in the state. However, Central Insurance Quote, Insurance Raleigh, and Insurance Charlotte National are also viable options to consider.

Best North Carolina Car Insurance Rates

Car insurance rates differ based on various factors, including age, driving history, and credit score. The most affordable rates will depend on your specific situation. We have compiled the lowest rates for each coverage type and driver profile we studied.

Unless stated otherwise, these rates are for a 35-year-old driver with a clean driving record and good credit, as this profile avoids several factors that typically increase rates.

Cheapest Car Insurance Companies in North Carolina

The five cheapest car insurance companies in North Carolina, according to our research, are as follows:

1. Insurance North Carolina
2. Central Insurance Quote
3. Insurance Raleigh
4. Insurance Charlotte

You can click on any of the providers listed above for more information, or continue reading to explore the most affordable car insurance companies in the state, categorized by size.

Cheapest Large Insurance Companies in North Carolina

Among the major auto insurance companies in North Carolina, Insurance North Carolina, Central Insurance Quote, Insurance Raleigh, and Insurance Charlotte offer the most affordable rates. According to J.D. Power, large insurers are those that have written $4.5 billion or more in direct premiums for personal auto insurance. On average, you'll find the lowest rates from these companies in the Tar Heel State.

Cheapest Midsize Insurance Companies in North Carolina

In North Carolina, the most affordable midsize car insurance companies are Insurance North Carolina, Central Insurance Quote, Insurance Raleigh, and Insurance Charlotte. J.D. Power classifies midsize insurers as those with direct premiums for personal auto insurance ranging from $1 billion to $4.499 billion. You can compare their average premiums and our cost ratings for each company below.

Cheapest Car Insurance Coverage in North Carolina

The level of coverage significantly affects your car insurance costs. Many providers offer quotes for both minimum liability and full-coverage insurance.

In North Carolina, vehicle insurance generally costs less than the national average, which is $2,008 per year for full coverage and $627 per year for minimum liability.

Below, you'll find the most affordable auto insurance options in North Carolina for each type of coverage.

Cheap Minimum Liability Car Insurance in North Carolina

The cheapest liability car insurance for drivers in North Carolina is from Erie for $26 per month or $307 per year.

Cheapest Full-Coverage Car Insurance in North Carolina

On average, Insurance North Carolina provides the most affordable full-coverage car insurance rates in the state, costing $87 per month or $1,043 per year.

North Carolina Car Insurance Cost by Age

Compare average rates for North Carolina drivers between 16 and 55 years old.

Cheapest Car Insurance for Young Drivers in North Carolina

Young drivers usually face significantly higher car insurance costs compared to adults, and this is also the case in North Carolina. The tables below display the most affordable full-coverage car insurance options for drivers aged 16 to 25 in the state, along with estimated monthly and annual costs.

Cheapest North Carolina Car Insurance for 16-Year-Olds

Our findings show that Insurance Charlotte provides the most affordable rates for 16-year-old drivers in North Carolina, with an average cost of $190 per month.

Cheapest North Carolina Car Insurance for 17-Year-Olds

Insurance North Carolina provides the most affordable car insurance estimates in the state for 17-year-old drivers, with an average cost of $161 per month.

Cheapest North Carolina Car Insurance for 18-Year-Olds

Central Insurance Quote typically offers the cheapest rates for 18-year-old North Carolina drivers at a cost of $150 per month.

Cheapest North Carolina Car Insurance for 19-Year-Olds

For 19-year-old drivers in North Carolina, Insurance Florida offers the most affordable rates, averaging $96 per month.

Cheapest North Carolina Car Insurance for 21-Year-Olds

In North Carolina, Insurance North Carolina provides the most affordable average rates for 21-year-olds, with full-coverage policies costing $94 per month.

Cheapest North Carolina Car Insurance for 25-Year-Olds

On average, Central Insurance Quote provides the most affordable car insurance estimates for 25-year-old drivers in North Carolina, with rates averaging $89 per month.

Best Cheap Car Insurance in North Carolina

Based on our research, the most affordable car insurance providers in North Carolina are Insurance North Carolina, Central Insurance Quote, Insurance Raleigh, Insurance Charlotte, and Insurance Florida. Below, we provide a detailed overview of each company's offerings, reputation, customer ratings, and history.

Average Cost of Car Insurance in North Carolina

According to our data, the average cost for full-coverage car insurance in North Carolina is $136 per month or $1,627 per year. This is 19% less expensive compared to the national average of $2,008.

Auto Insurance Rates by City in North Carolina

Insurance rates can differ not only between states but also within different regions of the same state. In North Carolina, factors like population density and climate can influence these variations. For instance, car insurance rates in Asheville might be different from those in Greensboro, even if all other conditions are identical.

The table below provides the average car insurance rates for various cities in North Carolina.

Comparing North Carolina Car Insurance Rates with Other States

North Carolina Auto Insurance Requirements

North Carolina law mandates that drivers have liability car insurance to cover damages to other drivers and their vehicles in accidents they cause. The state requires the following minimum coverage limits:

• Bodily injury liability: $30,000 per person and $60,000 per accident
• Property damage liability: $25,000 per accident
• Uninsured/underinsured motorist bodily injury: $30,000 per person and $60,000 per accident
• Uninsured/underinsured motorist property damage: $25,000 per accident

North Carolina Commercial Auto Insurance Requirements

If you use a vehicle for business purposes, you must carry commercial auto insurance. The coverage limits vary based on the vehicle's weight and its usage:

• For passenger vehicles:
  • Transports 1-15 people: $1.5 million combined single limit (CSL)
  • Transports 15 or more people: $5 million CSL
  • School buses: $1 million to $1.5 million CSL
  • Taxis: $100,000 per person, $300,000 per accident, $50,000 for property damage
• For vehicles carrying household goods:
  • 26,000 pounds or less: $100,000 per person, $300,000 per accident, $50,000 for property damage
  • Over 26,000 pounds: $750,000 CSL

The Bottom Line on the Cheapest Auto Insurance in North Carolina

In this article, we examined the auto insurance providers offering the most affordable coverage in North Carolina. We also analyzed the average cost of car insurance and the state's coverage requirements. North Carolina's rates are lower than the national average, with Insurance North Carolina being the top choice for cheap car insurance in the state.

Whether you’re seeking car insurance for the first time or considering switching providers, comparing quotes is crucial. Each insurer evaluates factors differently, so rates can vary significantly between companies.

Cheap Car Insurance North Carolina: FAQ

Our Methodology

To ensure we provide objective and accurate information, we developed a detailed rating system to rank the top car insurance companies. We gathered data from numerous auto insurance providers and evaluated them based on various criteria to produce an overall rating. The insurers with the highest scores ranked at the top.

Here are the factors we considered for our ratings:

• Industry Standing (20% of total score): We assessed market share, industry expert ratings, and years in business.
• Availability (10% of total score): Providers with broader state availability and fewer eligibility restrictions received higher scores.
• Coverage (30% of total score): Companies offering a wide range of insurance coverage options were rated more favorably.
• Cost and Discounts (25% of total score): We considered rate estimates from Quadrant Information Services and the availability of discounts.
• Customer Experience (15% of total score): This includes the volume of complaints reported by the NAIC, customer satisfaction ratings from J.D. Power, and the quality of customer service based on our own analysis.

Our credentials include:

• 800 hours of research
• 45 companies reviewed
• Over 8,500 consumers surveyed