Average car insurance cost in North Carolina

If you’re looking for car insurance rates in North Carolina, the average annual premium is $1,741, per year or $145 monthly. This contrasts with the national average of $1,682, highlighting a variation of $154. Various elements influence car insurance rates, including age, gender, driving record, credit score, and location.

This guide talks about the average cost of full coverage in the state, identifies companies providing affordable monthly premiums for car insurance, outlines average car insurance rates across cities in North Carolina, and breaks down car insurance rates by age group. To save on your auto insurance expenses, it’s advisable to shop around and compare quotes.

Keep reading to ensure that your insurance policy aligns with your needs without exceeding your budget.

Average annual cost
$1,741

Average per month cost
$145

Average cost for state minimum coverage
$476 / Year

Cheapest car insurance company
Erie Insurance($1,082 / Year)

Average cost for young drivers
$2,029 / Year

Average cost for Senior drivers
$1,731 / Year

Average car insurance cost in North Carolina per month

In North Carolina, the average monthly rate for car insurance is $145.

This cost can vary among insurers, which is true of every auto insurance company. When exploring car insurance options in North Carolina, it’s advisable to obtain quotes from multiple companies.

Cheapest car insurance companies in North Carolina

According to Insure.com’s rate analysis, Erie Insurance offers the most affordable car insurance premiums in North Carolina. The average annual cost is $1,082, or $90 per month. The second-best option available is State Farm, offering insurance at an average cost of $98 per month.

The table below lists the other available car insurance companies that offer car insurance in North Carolina, along with their average cost per month and average annual cost.

Affordable car insurance providers in North Carolina

Graph

Table

Company name	Average per month cost	Average annual cost
Erie Insurance	$90	$1,082
State Farm	$98	$1,180
North Carolina Farm Bureau	$101	$1,217
Nationwide	$126	$1,513
Geico	$135	$1,617
Penn National Insurance	$156	$1,872
Farmers	$169	$2,028
Progressive	$169	$2,028
Utica National Insurance Group	$173	$2,070
Allstate	$249	$2,994

Read our guide to cheap car insurance companies

Methodology

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit.

For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

Average cost of car insurance by coverage levels in North Carolina

The extent of coverage you select determines car insurance costs in North Carolina. Your liability limits and whether you opt for comprehensive, or collision coverage determine your premiums.

Liability-only insurance protects against third-party property damage and personal injuries in accidents. However, in the event of a collision, having liability coverage alone would not extend to your injuries or personal property damage since you are responsible for the accident. For instance, with a 50/100/50 liability-only coverage limit, the average annual cost in North Carolina amounts to $523.

Expanding your policy to include more coverage results in a higher insurance premium. This is because the insurance provider is liable to compensate you for accidents or other damage. Consequently, the average annual cost of full coverage car insurance in North Carolina stands at $1,741.

Non-owner state minimum liability coverage is the most appropriate choice for individuals who do not own a vehicle but regularly rent one. Like liability-only coverage, it protects property damage and bodily injury inflicted upon another driver. In North Carolina, the average annual cost for non-owner state minimum liability coverage stands at $470.

Meanwhile, for those who wish to save money on car insurance premiums, selecting only the state minimum liability coverage enables legal driving within the state. The annual cost for state minimum liability coverage alone amounts to $476 in North Carolina.

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in North Carolina by city

Charlotte

Durham

Greensboro

Raleigh

Average car insurance cost in North Carolina by city

Your car insurance premium is impacted by numerous factors, including your state, city, and even ZIP code. The incidents of accidents and the probability of vehicle theft or vandalism can significantly sway the overall cost within a city or ZIP code.

The table below depicts the top popular cities in North Carolina:

Average car insurance cost in North Carolina by age of the driver

Age plays a significant role in determining auto insurance rates. Teenagers have a higher chance of being involved in a car accident compared to any other age group. In North Carolina, the average annual rate for young drivers is $2,029, whereas for seniors, it is $1,731. The rate for young drivers exceeds that of senior drivers by $298.

Statistics show that young drivers are more likely to be involved in vehicle accidents than more seasoned drivers. As a result, they are classified as high-risk individuals and are more expensive to insure. This classification is primarily due to tendencies such as speeding and limited on-road experience. However, premiums begin to increase again around the age of 70, as certain aspects of aging may impact driving capabilities.

Average car insurance cost in North Carolina for young drivers

In North Carolina, the auto insurance premium for female young drivers averages at $2,029 annually, or $169 monthly, while male young drivers face a yearly rate of $2,030, or a monthly average of $169.

The average annual rates for young male and female drivers are listed in the table below:

Average car insurance cost in North Carolina for senior drivers

In North Carolina, the annual car insurance cost for senior female drivers is $1,731 or $144 monthly. Similarly, male senior drivers face a yearly insurance cost of $1,732 per year, with a monthly average of $144.

Read more about senior car insurance.

Minimum car insurance requirements in North Carolina

Every state establishes guidelines regarding the minimum car insurance coverage drivers must possess to be able to drive vehicles legally. As per details provided by the North Carolina Department of Insurance, the required coverages and minimum coverage limits in North Carolina are as follows:

• Bodily injury per person: $30,000

• Bodily injury per accident: $60,000

• Personal property coverage per person: $25,000

Cheapest cars to insure in North Carolina

The Jeep Wrangler Unlimited has the lowest average annual insurance premium, at $1,329, with the Jeep Wrangler closely following at $1,460. Annually, the insurance cost difference between these two models amounts to $131.

Most expensive cars to insure in North Carolina

The most expensive car to insure on the list is the Dodge Charger SRT, which has an average annual premium of $4,901. However, the difference between the cheapest and most expensive cars to insure is $3,572 annually.

Methodology

The Insure.com team worked with Quadrant Information Service to get car insurance data. Our team of data analysts and expert editors have analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes to determine the average premiums. The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits of 100/300/100. The quoted insurance rates are for comparison purposes, and your rates may vary.

How much is car insurance in other states

Alaska$1,676/Year

Alabama$1,860/Year

Arkansas$1,957/Year

Arizona$1,812/Year

California$2,416/Year

Colorado$2,337/Year

Connecticut$1,725/Year

Delaware$2,063/Year

Florida$2,694/Year

Georgia$1,970/Year

Hawaii$1,517/Year

Iowa$1,630/Year

Idaho$1,428/Year

Illinois$1,532/Year

Indiana$1,515/Year

Kansas$1,900/Year

Kentucky$2,228/Year

Louisiana$2,883/Year

Massachusetts$1,726/Year

Maryland$1,746/Year

Maine$1,175/Year

Michigan$2,352/Year

Minnesota$1,911/Year

Missouri$1,982/Year

Mississippi$2,008/Year

Montana$2,193/Year

North Dakota$1,665/Year

Nebraska$1,902/Year

New Hampshire$1,265/Year

New Jersey$1,902/Year

New Mexico$2,049/Year

Nevada$2,060/Year

New York$1,870/Year

Ohio$1,417/Year

Oklahoma$2,138/Year

Oregon$1,678/Year

Pennsylvania$1,872/Year

Rhode Island$2,061/Year

South Carolina$2,009/Year

South Dakota$2,280/Year

Tennessee$1,677/Year

Texas$2,043/Year

Utah$1,825/Year

Virginia$1,469/Year

Vermont$1,319/Year

Washington$1,608/Year

Wisconsin$1,664/Year

West Virginia$2,005/Year

Wyoming$1,758/Year

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