Best Car Insurance in North Carolina 2022
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 |
|
AM Best — A++
JD Power —830 Standard & Poor’s— AA+ |
|
|
State Farm |
|
AM Best — A++
Standard & Poor’s— AA |
|
|
Travelers |
|
AM Best —A++
JD Power —818 Standard & Poor’s— AA |
|
|
Progressive |
|
AM Best —A+
JD Power —818 Standard & Poor’s—AA |
|
|
Nationwide |
|
AM Best — A+
JD Power —808 Standard & Poor’s—N/A |
|
|
Allstate |
|
AM Best — A+
JD Power —826 Standard & Poor’s— AA |
|
|
North Carolina Farm Bureau |
|
AM Best — A |
|
|
Erie |
|
AM Best —A+
BBB —A+ |
|
|
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.