Best Car Insurance in North Carolina 2021

Last modified: September 20, 2021

Did you know that North Carolina ranks at number 10 for the cheapest car insurance in the States? That makes it the best place to reside for those who want to avoid high premiums. 

So, we have created this guide on North Carolina auto insurance to help you buy a suitable policy for your needs and budget.

If you are looking for affordable car insurance outside of North Carolina – make sure to check out our list of best car insurance companies in the US.

What are the state minimum requirements?

The following are the minimum North Carolina auto insurance requirements. These requirements must be fulfilled to operate a vehicle in NC legally.

  • Bodily injury liability coverage — minimum $30,000/ individual and $60,000/accident
  • Property damage liability coverage — minimum $25,000
  • Uninsured motorist bodily injury— minimum $30,000/ individual and $60,000 /accident
  • Uninsured/Underinsured motorist property damage—minimum $25,000

Average Costs

State Average Costs for Full Car Insurance Coverage in NC by Age 

Age Group Average Annual Rate
20 $1,942
30 $1,425
40 $1,400
50 $1,366
60 $1,288

 

Average Cost of Car Insurance in North Carolina by Top Cities

City Premium 
Charlotte $1,711
Raleigh $1,446
Greensboro $1,404
Durham $1,458

Cheapest Providers

Here is a quick overview of the cheapest auto insurance in NC across different categories. Take a look to navigate the choices and find the best car insurance in North Carolina

Category Provider for car insurance in NC Cost Per Month
Good drivers GEICO  $72
Minimum Coverage  NC Farm Bureau  $28
Poor credit GEICO $72
After a DUI National General $221
After a speeding ticket   North Carolina Farm Bureau $103
Married couples Erie $95
Families with a teen Erie $126
Young good drivers GEICO $73

Best Auto Insurance Companies in North Carolina

Here is a quick overview of the companies that offer the best car insurance in NC:

Company Provisions & Coverage Ratings Discounts Car Insurance Costs for Different Use Case
GEICO
  • Liability Coverage 
  • Personal Injury Protection 
  • Underinsured/uninsured Motorist Coverage 
  • Collision Coverage 
  • Comprehensive Coverage 
AM Best — A++

JD Power —830

Standard & Poor’s— AA+

  • Military discount
  • Federal employee discount
  • Student discount
  • Seat-belt use discount
  • Multi-vehicle discount
  • E-banking discount
  • Anti-lock brake discount
  • Good driver discount
  • Educated driver discount
  • Drivers with DUI— $4,492 per year.
  • Drivers with an At-Fault Accident— $1,526 per year
  • Speeding Drivers— $1,387 per year
  • Young Driver (25 years)—  $881 per year.
  • Good driver— $869 per year.
State Farm
  • Underinsured and uninsured, liability
  • Comprehensive, and collision motorist coverage
  • emergency roadside
AM Best — A++

Standard & Poor’s— AA

  • Drive Safe and Save Program
  • Steer Clear Program
  • Classic and Antique Cars Coverage
  • Drivers with DUI— $4,492 per year.
  • Drivers with an At-Fault Accident— $1,456 per year
  • Speeding Drivers— $1,336 per year
Travelers
  • Liability
  • Comprehensive
  • Collision
  • Personal Injury
  • Uninsured/Underinsured Motorist 
  • Medical Payments
  • Loan/Lease Gap Insurance
  • Rental Coverage
  • Roadside Assistance
  • New Car Replacement
  • Accident Forgiveness
  • Ride Sharing
AM Best —A++ 

JD Power —818

Standard & Poor’s— AA

  • Multi-policy
  • Home ownership
  • Hybrid/electric vehicle
  • Good student
  • Student away at school
  • Driver training
  • Drivers with DUI—$4,713 per year.
  • Speeding Drivers— $1,644 per year
  • Young Driver (25 years)— $1,128per year.
  • Good driver— $1,088
  •  per year.
Progressive
  • Liability
  • Collision and comprehensive
  • Medical payments
  • Personal injury protection
AM Best —A+

JD Power —818

Standard & Poor’s—AA 

  • Automatic Payments
  • Continuous insurance
  • Distant Student
  • Good student
  • Homeowner
  • Progressive defensive driving discount
  • Teen Driver
  • Drivers with DUI$4,865per year.
  • Speeding Drivers— $1,715 per year 
  • Young Driver (25 years)— $1,235 per year.
  • Good driver— $1,235 per year.
Nationwide
  • Bodily injury liability
  • Property damage liability
  • Personal injury protection
  • Uninsured motorist
  • Underinsured motorist
  • Medical payments
AM Best — A+ 

JD Power —808

Standard & Poor’s—N/A 

  • Multi-policy
  • SmartRide
  • SmartMiles
  • Accident-free
  • Good student
  • Defensive driving
  • Anti-theft
  • Safe Driver
  • Drivers with DUI—$4,705 per year.
  • Speeding Drivers—$1,652 per year 
  • Young Driver (25 years)— $1,186per year.
  • Good driver— $ $1,186per year.
Allstate
  • Liability Coverage 
  • Uninsured and Underinsured Motorist
  • Collision and Comprehensive Coverage
  • Medical Payment 
  • Personal Injury Protection
AM Best — A+

JD Power —826

Standard & Poor’s— AA

  • Multi-Policy
  • Responsible Payer
  • New Car
  • Safe Driver
  • Good Student
  • Drivers with DUI$7,652per year.
  • Speeding Drivers— $2,669 per year
  • Young Driver (25 years)— $2,037per year.
  • Good driver— $$1,788 per year.
North Carolina Farm Bureau
  • Bodily injury liability
  • Property damage liability
  • Collision insurance
  • Comprehensive insurance
  • Medical payments
  • Uninsured/underinsured motorist coverage
  • Roadside assistance
  • Rental reimbursement
AM Best — A
  • Multiple policy discount
  • Multiple vehicle discount
  • Experienced driver discount
  • Pay in full discount
  • Discount for married couples
  • Discount for vehicle safety devices
  • Drivers with DUI$1,467per year.
  • Drivers with an At-Fault Accident—$1,343  per year
  • Speeding Drivers— $530
  • Young Driver (25 years)— $1,068 per year.
  • Good driver— $$1,428  per year.
Erie
  • Standard coverage along with 
  • Auto glass repair
  • Pet coverage
  • Personal item coverage
  • Roadside assistance
  • Locksmith services
  • Rental bundle
AM Best —A+ 

BBB —A+

  • Safe driving discount
  • Car safety equipment discounts
  • Multi-car discount
  • Multi-policy discount
  • Reduced usage discount
  • Young drivers
  • Annual payment plan
  • Drivers with DUI$3,546per year.
  • Drivers with an At-Fault Accident—$1,391 per year
  • Speeding Drivers— $1,276 per year
  • Young Driver (25 years)— $908 per year.
  • Good driver—$1,181 per year.

Detailed Reviews

Here is a detailed review of the best auto insurance companies in North Carolina. Read on to learn more about their coverage options so that you can make an informed buying decision: 

GEICO Car Insurance

Boasting a 97% customer satisfaction rate, GEICO is one of the leading, sought-after North Carolina auto insurance companies. GEICO was established in 1936, and today is the second-largest auto insurance company in the U.S. Apart from excellent customer service, it offers affordable car insurance rates for North Carolina, a wide range of insurance coverage options, and plenty of discounts. 

The company is rated A++ for financial strength by AM Best and AA+ for S&P. These ratings indicate that the company is stable enough to settle auto claims efficiently. 

GEICO offers coverage options like:

  • Liability Coverage – covers you in case an at-fault accident caused damaged to property or caused injuries to another driver 
  • Personal Injury Protection – covers medical expenses and lost wages if you get injured in a car accident
  • Underinsured/uninsured Motorist  – the cost of an accident with an uninsured or underinsured driver is covered
  • Collision Coverage – covers your vehicle’s repair cost if it is damaged in an accident, regardless of whose fault it was   
  • Comprehensive Coverage – provides coverage if your vehicle gets damaged due to theft, vandalism, falling objects, floods, fire, floods, animals, or extreme weather conditions

GEICO auto insurance discounts:

  • Accident Forgiveness –the premium doesn’t increase in your first at-fault accident
  • Rideshare Insurance– coverage for both ridesharing and personal use
  • Glass Insurance– waive your charges for glass repairs in comprehensive claims

GEICO also offers excellent discounts, including:

  • Military 
  • Federal employee 
  • Student 
  • Seat-belt use 
  • Multi-vehicle 
  • E-banking 
  • Anti-lock brake 
  • Good driver 
  • Educated driver 

State Farm Car Insurance

State Farm auto insurance in North Carolina offers a broad range of coverage options, including underinsured, uninsured, liability, comprehensive, and collision motorist coverage. 

Moreover, they also offer emergency roadside services such as the delivery of battery or gas, a locksmith, towing, or mechanical labor, as per your requirements.

With State Farm, you can quickly bring your premium down by availing of the large variety of discounts that they offer, such as:

  • Drive Safe and Save Program
  • Steer Clear Program
  • Classic and Antique Cars Coverage

Travelers Auto Insurance

With a global presence, Travelers is a renowned company offering a variety of coverage options and discounts, including:

  • Liability
  • Comprehensive
  • Collision
  • Personal injury
  • Underinsured/Uninsured motorist 
  • And more (review the table for more coverage options)

Travelers offers auto insurance to licensed drivers in North Carolina at competitive pricing and the power to customize their policies as per their needs. 

Progressive Auto Insurance

It is a leading car insurance company with a global presence. Progressive auto insurance in North Carolina offers standard coverage, including comprehensive and collision, liability, PIP, medical payments, and other perks and discounts. Progressive was the first car insurer to extend safe-driving discounts, making it an excellent option for people with a good driving record.

Nationwide Car Insurance

Covering drivers for more than 90 years, Nationwide is a trusted and well-reputed car insurer in the U.S. Nationwide car insurance is a full-coverage company covering accidents involving other vehicles, weather, vandalism, animals, bodily injuries, and more. 

Coverage options include:

  • Bodily injury liability
  • Property damage liability
  • Personal injury protection
  • Uninsured motorist
  • Underinsured motorist
  • Medical payments

Allstate Auto Insurance

Allstate auto insurance in North Carolina offers a wide variety of coverage options and a host of discounts and perks. It has scored A+ and AA on financial stability by AM Best rating and Standard and Poor’s’ respectfully. This ensures that the company is stable enough to settle claims. 

Overall the company has an above-average customer satisfaction rate and strives relentlessly to deliver the best customer experiences from start to finish. Allstate is one of the rare auto insurance companies ranked on every one of J.D. Power’s regional customer satisfaction lists. It was also ranked number 1 in Florida. 

North Carolina Farm Bureau

With an ‘A’ rating from AM Best, North Carolina Farm Bureau is a financially stable company best known for its lower than average auto insurance rates. The factors that will affect your premium with NCFB are vehicle make and model, driving history, and age. 

Thus before you choose a company, get North Carolina car insurance quotes from NCFB and a couple of others to see which ones are the lowest and offer better coverage. The company offers good coverage and discount options at affordable pricing. 

Erie Auto Insurance

Erie insurance offers standard coverage plus optional add-ons. It includes auto glass repair, pet coverage, personal item coverage, roadside assistance, locksmith services, and a rental bundle. It is a mid-size company with excellent financial stability and customer service. 

 

Conclusion

Hopefully, our comprehensive review of the best insurance companies in NC gave you a good idea of what to choose for yourself. In a nutshell, the company offering the best car insurance in NC comes down to your personal profile and requirements.  

Thus, evaluate the options above on the factors unique to your situation such as age, driving record, credit history, budget and etc. to narrow down the best insurance provider for you. Good luck. 

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

What company offers the cheapest auto insurance in North Carolina?

Nationwide ranked the cheapest for car insurance in North Carolina on average, with a rate of $600 annually. State Farm and Erie follow. 

Is North Carolina a no-fault state?

North Carolina is considered an at-fault state for car accidents. Thus, the person at-fault for the accident is responsible for the accident and must pay damages to the victim.

What are the best auto insurance companies in North Carolina?

This is variable. Still, based on J.D. Power, the best car insurance in North Carolina is GEICO. GEICO rated 830 out of 1,000 on average in the regional J.D. Power rating.

Can you drive without insurance in North Carolina?

No. Auto insurance in North Carolina is a legal requirement.