On average, a 40-year-old in North Carolina will pay $841 per year for car insurance. If a young driver is still living in their parents household, its usually cheaper to keep that driver listed on their parents policy. If you have a speeding ticket on your record, you will pay an average of $1,193 yearly for car insurance $351 more than a driver with a clean driving record. Each insurer treats each factor differently. According to our data, Direct Auto generally has the most affordable car insurance in Apex coming in around $50.36 per month. What happens if I drive without insurance in North Carolina? All offers are subject to additional terms and conditions. Causing an accident can raise your auto insurance costs for three to five years afterward, depending on the carrier. For minimum coverage, we found average annual rates ranging from $817 at State Farm to $1,446 at Geico. Skip the searching and find your next bank in minutes with BankMatch. Defined as a person with a clean driving record, meaning no accidents, DUIs or other traffic violations. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. The average annual rates for young male and female drivers are listed in the table below: In North Carolina, the cost of car insurance for senior female driver is $1,337 per year or $111 per month and cost of car insurance for male senior driver is $1,337 per year or $111 per month. Here's what you might pay by company, state, car type and more. Why Trust MoneyGeek? This website is using a security service to protect itself from online attacks. The batteries alone can cost thousands each. Compare cards in one place to find the one for you. We changed the credit tier from good to poor as reported to the insurer to see rates for drivers with poor credit. We reduce industry jargon so you get the clearest form of information possible. The average cost of car insurance in North Carolina is $841 yearly, considerably less than the national rate of $1,424. They also offer robust coverage options, a variety of potential discounts and other perks well discuss more in depth below. Knowing average costs gives you an idea of what to expect, but its only a starting point for a young driver looking for affordable car insurance. Additionally, larger cities tend to have more traffic, which could lead to a higher likelihood of accidents. Rates can vary from city to city. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Who Allstate may be good for: Allstate could be a good fit if you are looking for a personalized policy or want to work with local agents to help you determine the best coverage types for your scenario. . Bankrate.com is an independent, advertising-supported publisher and comparison service. Our insurance editorial team analyzed average car insurance premiums from Quadrant Information Services and reviewed coverage options, discounts, policy features, customer satisfaction scores from J.D. Power customer satisfaction score is only average, Numerous coverage options allow for a personalized policy, Local offices, customer service hotline and online policy management tools available, Higher-than-average rates in North Carolina, Below-average customer satisfaction score per J.D. At Bankrate, we strive to help you make smarter financial decisions. Both these rates are well below the national average car insurance rate of $2,014 per year for full coverage and $622 per year for minimum coverage. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Power score for customer satisfaction than the industry standard, Competitive average rates, especially for minimum coverage, Plenty of local offices for those who prefer to do business in person, Higher-than-average complaints companywide per the NAIC, Does not offer accident forgiveness as an endorsement, Banking, life insurance and financial planning products may be available alongside car insurance, Offers several ways to manage your policy, Digital tools are available but arent as robust as competitors, J.D. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. Car insurance is a legal requirement in most states, and North Carolina . In states where required, minimum additional coverages were added. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Car insurance rates in North Carolina by credit score, North Carolina car insurance rates by vehicle type, How to save on car insurance in North Carolina, Estimate your car insurance cost in North Carolina. Read in-depth credit card reviews to find out which cards have the best perks and more. To determine these rates, we turned to Quadrant Information Services and reviewed average rates for the largest companies in the state by market share. MORE: For young adults, building credit starts now. Cars that are stolen often, which tend to be the nations more popular makes and models. Prior to becoming an insurance writer, she worked as a legal assistant in the field of personal injury law and as a licensed sales producer at various insurance agencies. A discount for being claim-free in recent years might earn you a 20% discount with one company and 5% at another. The state's low rate of uninsured drivers and low incidences of vehicle theft and natural disasters in North Carolina help to keep rates low. For more information, please see ourInsurance Disclosure. Our content is backed byCoverage.comLLC, a licensed entity (NPN: 19966249). Average cost of car insurance for young drivers, Insurers see less experienced drivers as a bigger risk and typically charge them heftier prices. Compared to the national average, North Carolina car insurance rates are one of the cheapest in the country. In states where credit isnt taken into account, we used only rates for good credit.. Understanding your needs and shopping around could help you find the best company for your circumstances. Collision coverage with $1,000 deductible. As you age past your 20s, rates tend to go down until you reach your 70s. Having poor credit has a large impact on auto insurance rates in most states. For our analysis, we analyzed rates for 20-year-old drivers. We believe everyone should be able to make financial decisions with confidence. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information youre reading is accurate. Another major factor that may contribute to your insurance rate is your credit score. as anyone 16 to 25 years old and sometimes anyone under 30 years old. Compare and move forward with as many offers as you want from a list of trusted carriers. Safe drivers usually enjoy the cheapest car insurance. We guide you throughout your search and help you understand your coverage options. Keep in mind that North Carolina prohibits many common discounts, like good student discounts. Compare Rates Ensure you're getting the best rate. Individuals in North Carolina with excellent credit scores pay lower premiums than drivers with poorer credit scores. Written by: Shivani Gite Reviewed by: Laura Longero Get quick car insurance estimates in North Carolina Zip Code: I own my home I am married I have multiple vehicle Assigning Editor | Auto insurance, home insurance, other insurance. If you regularly drive a vehicle that you do not own, you may be a good candidate for non-owner car insurance. That honor goes to the Subaru Outback, with an average car insurance cost of $1,336 per year. By Kayda Norman Updated Jun 1, 2023 Edited by Lacie Glover. These rates are for full coverage insurance, which includes liability, comprehensive, collision and additional insurance a state requires drivers to carry. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. Heres what you might pay by company, state, car type and more. At Bankrate, we strive to help you make smarter financial decisions. In North Carolina, the average premium for car insurance is $114 per month. Your Zip Code Compare Quotes Advertising & Editorial Disclosure Unless you satisfy the states financial responsibility law in another way, like posting a bond, you must carry at least a minimum coverage policy to drive legally. For young adults, building credit starts now, Average annual car insurance costs for young drivers by company, Knowing average costs gives you an idea of what to expect, but its only a starting point for a young driver looking for affordable car insurance. Choose the best home insurance company for you. Where you live can have an enormous impact on the cost of car insurance because each state has different regulations. Compare Rates Ensure you're getting the best rate. Car insurance rates vary depending on the state due to factors such as traffic density, vehicle thefts and the rates of uninsured motorists. Review quotes from a top insurance company. Drivers with poor credit scores can still research affordable car insurance options for drivers with bad credit. She emphasizes creating informative, engaging and nuanced content to support readers in making personalized insurance decisions. Check out the full list below. All offers are subject to additional terms and conditions. You have money questions. Your marital status. They focus on the points consumers care about most price, customer service, policy features and savings opportunities so you can feel confident about which provider is right for you. If you are shopping for the best auto insurance in North Carolina, our research might help you find a carrier that fits your needs. Nearly 40% of Americans between ages 20 and 24 have no credit history or too little to generate a score, according to the Consumer Financial Protection Bureau[0]Consumer Financial Protection Bureau. Shop around and compare quotes to save money on your auto insurance. Did your rates go up, too? You can email the site owner to let them know you were blocked. Our websites do not, and are not intended to, provide a comprehensive list of all companies that may provide the products and services you are seeking. Disclaimer: The advertisers appearing on this website are clients from which QuinStreet receives compensation (Sponsors). Other companies to consider if you live in Kannapolis is Safeco with an average cost of $76.00 per month and Erie which typically runs around $80.96 per month. For new vs used vehicles, we also included the following years in our calculations: 2016, 2017, 2018, 2019 (base) and 2020. Although they arent the same, your credit score can be a good indicator of your credit-based insurance score. However, this does not influence our evaluations. Part 1: How insurance companies spot bogus claims, 10 things that are illegal but shouldnt be, Most and least expensive trucks to insure, How to find out if someone has life insurance, Best health insurance for college students. MORE: How much car insurance rates go up after an accident. This information may be different than what you see when you visit a financial institution, service provider or specific products site. What is considered full coverage in North Carolina? $3,229 a year, or about $269 a month, on average. If you get a speeding ticket, insurers think youll be more likely to cause an accident, which increases rates further. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements. Some companies are more forgiving of poor credit than others, so its worthwhile to shop for quotes while youre trying to build your credit. Whether you own your home (and whether you, Additional coverage options you choose, such as. However, there are still ways you might be able to get a lower premium. your auto insurance policy, New driver insurance grace period: What you need to know, Autonomous cars: 5 delightful and 5 distressing things, Busted! The batteries alone can cost thousands each. The state of North Carolina requires drivers to have a policy with at least state minimum levels of bodily injury liability, property damage liability, uninsured motorist and underinsured motorist coverage. Insurers use a. , which is similar to your regular credit score, to calculate rates in most states. Get more information on auto insurance rates by city below. Vehicles that have a higher statistical likelihood of an accident, fewer safety features or more expensive repair costs may cost more to insure. costs about $179 a month compared with $57 a month for minimum coverage. Our content is backed byCoverage.comLLC, a licensed entity (NPN: 19966249). The hypothetical accident in our analysis was relatively minor, resulting in $10,000 worth of property damage and no injuries. It does not cover your repairs or injuries. Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. is banned by law in seven states: California, Hawaii, Massachusetts, Michigan, getting car insurance as a transgender or nonbinary driver. For a 20-year-old driver with good credit and a clean driving record, average car insurance rates are: But young drivers with poor credit or a less-than-perfect driving history are likely to shell out more for car insurance. This means that when you apply for car insurance, they may ask for your gender when they really mean sex. These rates are for. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But you can still find cheap car insurance by shopping around for rates every year and every time something major happens in your life, including marriage, a new job, moving or buying a new car. People tend to drive them faster, increasing the likelihood of a wreck or traffic violation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. That works out to an average car insurance cost of about $179 per month. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. A DUI (driving under the influence) conviction has the most significant impact on your premiums in North Carolina, increasing average premiums by an astounding 311 percent. Additional coverage options you choose, such as new-car replacement coverage and gap coverage. Although minimum insurance is the cheapest option, its not always the best choice. However, many regional insurers are available in only a few states. In Texas, that translates to an extra $1,668 a year in car insurance premiums; in Massachusetts, the rate difference is about $1,224 per year. But this compensation does not influence the information we publish, or the reviews that you see on this site. Ensure you're getting the best rate for your auto insurance. Massachusetts and Texas are notable exceptions, where rates increase 88% and 70%, respectively, after an accident, on average. In 2023, the average North Carolina car insurance cost is $1,446 annually for full coverage and $432 annually for state minimum coverage limits. The residents of Asheville typically pay $68.67 per month while people who live in Cary will pay $81.82 per month on average. How much is car insurance in North Carolina per month? Remember that while lower coverage limits tend to result in cheaper premiums, they might also leave you with high out-of-pocket expenses if you cause an accident. Amelia Buckley is an insurance editor, covering auto, home and life insurance. $1,394 a year, or about $116 a month, on average. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. NerdWallet has written several car insurance rate guides based on your driving history. Our experts have been helping you master your money for over four decades. We value your trust. In North Carolina, the insurance policy follows the car. Check out the full list below. Therefore, this compensation may impact how, where and in what order products appear within listing categories. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. All financial products, shopping products and services are presented without warranty. Understanding your personal insurance needs might help you decide what companies could be a good fit. How much is car insurance in North Carolina? Your Zip Code Compare Quotes 1 This is much. How much your rates will rise also depends on the severity of damage and whether you have accident forgiveness on your policy or any good driver discounts you stand to lose. Bankrate has answers. Some of its savings opportunities include discounts for military members, safe driving and select companies and organizations. Car insurance costs $179 per month on average, according to NerdWallets rates analysis. Each state has its own requirements for residents. (except Liberty Mutual, which we cant get rates for) for 20-year-old drivers buying a policy with full coverage. 17 years: Average annual rate: $2062.91. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. These rates were updated in September 2022 to reflect how car insurance rates in North Carolina have changed up to this month. The rates are based on the profile of a 40-year-old male who drives a 2021 Honda Accord LX with a clean record and full coverage policy. $3,357 a year, or about $280 a month, on average. These are sample rates and should only be used for comparative purposes. Our default 40-year-old driver pays an average of $336 per year through Nationwide, the cheapest, widely-available company in the state. The average car insurance cost in North Carolina is $1,368 per year, based on Insure.com's analysis. Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. And if you have a loan on your car or its leased, you may be required to keep collision and comprehensive coverage. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable. On average, cities with high populations or incidences of accidents and car thefts will typically have higher car insurance rates. It typically includes your state's minimum coverage requirements, plus comprehensive and collision insurance. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. , a difference of more than $2,480 a year between companies. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing. To find the best car insurance companies in North Carolina, we developed a proprietary Bankrate Score system that takes several metrics into account. So, how much is car insurance in North Carolina? South Dakota has the cheapest auto insurance drivers pay just $28 a month on average for minimum coverage. She previously worked in communications at The Walt Disney Co. and as a web producer and writer at several health and fitness publications, including Health magazine. As such, if you let someone drive your car and they get into an accident, your insurance policy may be negatively impacted. , which tend to have expensive parts and details that are costlier to replace if damaged in a crash. In North Carolina, the average premium for car insurance is $114 per month. Several personal factors, within and outside your control, ultimately impact the final price. to find the cheapest car insurance for you. A Red Ventures company. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. As shown below, the Camry is far from the cheapest model. Coverage.com services are only available in states where it is licensed. The average cost of car insurance in North Carolina is $1,446 per year for full coverage and $432 per year for minimum coverage, according to Bankrates 2023 study of quoted annual premiums from Quadrant Information Services. In other words, if you purchase a car insurance policy for your vehicle, the insurance will cover anyone who has been given permission to drive your vehicle. This is why the company that gives your friend a super-low premium might not be the cheapest for you. Other companies to consider if you live in Apex is Erie with an average cost of $75.51 per month and State Farm which typically runs around $76.54 per month. Want to make smarter insurance decisions for the year ahead? Your rates will be different. 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: To determine minimum coverage limits, Bankrate used minimum coverage that meets each states requirements. , which have higher top speeds. You may also enjoy Geico if you like to handle your insurance digitally rather than in an in-person agency setting. The average cost of a non-owner auto insurance policy in North Carolina is $406 per year. $3,399 a year, or about $283 a month, on average. How much your rates will rise also depends on the severity of damage and whether you have. Gender-based pricing is banned by law in seven states: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania. For more information, please see our. 2023 Bankrate, LLC. Answer a few quick questions and well show you your top credit card options. See how much you could save in 3 minutes or less. People tend to drive them faster, increasing the likelihood of a wreck or traffic violation. , comprehensive, collision and additional insurance a state requires drivers to carry. , you might see higher insurance rates with some companies. Who Nationwide may be good for: Nationwide might be a good fit if you want one company that can handle several of your financial products. According to 2021 data from Bankrate.com, the average cost of car insurance in North Carolina is $413 per year for minimum coverage and $1,325 per year for full coverage. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in the country where coverage is offered and data is available. For example, in states where the practice is allowed, we averaged full coverage insurance rates for men and women separately and found that: At age 20, men pay about $531 more than women per year. The average cost of full coverage car insurance in North Carolina is $109 per month $63 more than a liability-only policy. You can then move forward with as many as youd like. Choose the best home insurance company for you. Figure out funding for your next car or refinance with confidence. Men pay more than women across all age groups we analyzed for full coverage insurance. However, each person has a different insurance preference and a unique driving profile, so it may be beneficial to research each provider and get quotes from your top choices.