Best Cheap Car Insurance Quotes in North Carolina
Enter your North Carolina zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 19, 2019
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Establishing which company has the most affordable car insurance rates in North Carolina will involve more work in order to find a policy that fits your budget. Each insurance company has their own guidelines for setting rates, so to begin we’ll rank the lowest cost car insurance companies in North Carolina.
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$716|
|Quote Your Rates Go|
Progressive may have some of the lowest car insurance rates in North Carolina at around $639 annually. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National also are some of the most economical North Carolina insurance companies.
As depicted above, if you buy coverage from NC Farm Bureau and switched to Progressive, you could realize yearly savings of roughly $77. Policyholders with Penn National may save as much as $108 a year, and GEICO insureds might reduce prices by as much as $111 a year.
To find the best cheap car insurance quotes in North Carolina for your vehicle, click here to start your custom quote or visit several of the following companies.
Enter your zip code below to view companies that have cheap auto insurance rates.
Remember that these policy prices are averages for all drivers and vehicles in North Carolina and and are not calculated with a price decrease in North Carolina. So the car insurance company that is best suited for you may not even be shown in the list above. That illustrates why you need to get rate quotes from many companies using your own driver data and vehicle information.
The type of vehicle driven is one of the main factors when comparing quotes for cheaper insurance in North Carolina. Vehicles with high performance, poor passenger safety features, or a track record of large liability claims will cost much more to insure than more modest models.
The data below ranks car insurance premiums for a number of the most cost-effective vehicles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$438|
|Ford Escape Limited 2WD||$489|
|Ford F-150 STX Regular Cab 2WD||$524|
|Hyundai Tucson GLS 2WD||$544|
|Chevrolet Traverse LTZ 2WD||$547|
|Toyota Sienna CE||$556|
|Toyota Corolla XRS||$566|
|Chevrolet Malibu LTZ||$556|
|Toyota RAV4 4WD||$566|
|Dodge Grand Caravan Hero||$576|
|GMC Sierra SL Extended Cab 2WD||$566|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$568|
|Ford Edge SEL 2WD||$571|
|Ford Explorer Eddie Bauer 4WD||$578|
|Find Cheaper Rates Go|
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific North Carolina garaging location which can alter coverage rates substantially.
Looking at the data, you can infer that models like the Honda CR-V, Ford Escape, Ford F-150, and Toyota Prius are likely to be a few of the most economical vehicles to insure for drivers in North Carolina.
Discounts on North Carolina car insurance
car insurance in North Carolina“/>Auto insurance companies that offer the best cheap car insurance quotes in North Carolina may have special discounts that can reduce rates by 30% or more if you meet specific criteria. Large car insurance companies and a selection of discounts are shown below.
- State Farm policyholders can earn discounts including Drive Safe & Save, multiple policy, Steer Clear safe driver discount, good student, accident-free, and good driver.
- Farmers Insurance has discounts for early shopping, alternative fuel, teen driver, business and professional, switch companies, and homeowner.
- GEICO may have discounts that include emergency military deployment, military active duty, air bags, defensive driver, federal employee, seat belt use, and five-year accident-free.
- American Family offers premium reductions for mySafetyValet, multi-vehicle, TimeAway discount, good student, and early bird.
- Nationwide may include discounts for Farm Bureau membership, anti-theft, easy pay, multi-policy, and defensive driving.
- Progressive has savings for online signing, continuous coverage, homeowner, multi-vehicle, multi-policy, good student, and online quote discount.
The chart below visualizes the comparison of car insurance costs with and without discounts applied to the policy rates. The information is based on a male driver, no violations or accidents, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, homeowner, passive restraint, claim-free, anti-theft, and defensive driving course discounts applied. When discounts are factored in, the amount saved on car insurance in North Carolina is 27% or $437.
How much more does full coverage cost?
Finding the best cheap car insurance quotes in North Carolina is the goal of most drivers, and an effective way to buy cheap insurance is to only buy liability coverage. The information below visualizes the comparison of yearly insurance costs with and without physical damage coverage. The premiums assume no tickets, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,596 per year over having just liability coverage. At some point, every insured wonders if buying full coverage is worth the expense. There is no definitive rule to stop paying for physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
The example below demonstrates how deductibles can raise or lower insurance premiums when trying to find cheap insurance in North Carolina. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
A 40-year-old driver could lower their car insurance rates by $206 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $310 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save $670 each year just by using higher deductibles.
When insureds make the decision to increase the deductibles on their policy, it is necessary to have plenty of money set aside to pay the extra out-of-pocket expense that comes with higher deductibles.
How to find the best cheap car insurance quotes in North Carolina
Lowering your rates is not difficult, and here are some of the recommended penny-pinching ideas that can help you buy cheap car insurance.
- Raise your physical damage coverage deductibles
- Save money by observing traffic laws and speed limits
- Drive safe vehicles
- Full coverage may not be needed on older vehicles
- Improve your credit rating
- Drive attentively and avoid accidents
- Compare rates often to find the best deal
The last idea is notably necessary, as we hit on in this write-up. Car insurance prices can change considerably based on profitability, so don’t be unwilling to buy from a different company if a cheaper rate is available.
Brand loyalty is not necessarily bad, but it’s not a great idea if it’s costing you several hundred dollars every year. In less than five minutes you could compare prices and find cheaper car insurance in North Carolina.
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