North Carolina’s minimum coverage requirements are for bodily injury liability coverage and property damage liability coverage. However, liability insurance only covers other parties’ damages if you cause an accident. To have your own damages covered, you will need to add collision insurance and comprehensive insurance to your policy.
Other coverage options you might wish to add to your auto policy include uninsured/underinsured motorist coverage, roadside assistance, and personal injury protection. Each type of coverage will increase your monthly premium, but you’ll have peace of mind knowing you’re protected for all possible scenarios.
What Are You Looking For?
- North Carolina’s Cheapest Companies
- How Much Drivers Like You Spend On Auto Insurance
- Specific City Rates
- Most Popular North Carolina Car Insurance Companies
- Customer Satisfaction Ratings
- Our Recommendation
What are North Carolina’s cheapest companies?
We wanted to find average rates for North Carolina drivers so we looked at nine auto insurance companies, 10 cities, and eight driver profiles of people who drive a 2013 Honda Civic LX (4-door), have good credit, 50/100/100 coverage, and a clean record. Our data revealed that Liberty Mutual is the cheapest car insurance company. Take a look to see where other companies fall.
|North Carolina's Cheapest Companies||Average Annual Rates|
|North Carolina Farm Bureau||$1,198.80|
How much do drivers like you spend on auto insurance?
Insurance premiums are based on millions of data points. In order to find more accurate auto insurance quotes, we went ahead and ran the numbers for specific driver groups. Check it out.
Cheapest For Young Drivers
We based these premiums on calculations using driver profiles of women and men who are 18 and 25. An interesting find is that even though GEICO is more expensive for average drivers, it’s 60% cheaper for drivers who are 25-years old. Take a look.
|18 Female||18 Male||25 Female||25 Male|
How Age Affects Premiums
Age and gender affect your car insurance premiums. Based on our research, female drivers pay about 3% less on average. In fact, women’s rates drop about 200% between 18 and 25 while men’s drop 150% between the same ages. For all age groups, we found that Liberty Mutual, Erie, and Allied are all the cheapest options.
Cheapest For Married Couples
To come up with these averages, we used information from married men and women who were 40 and 60-years old. We not only found the cheapest carriers for this age group, but that married couples in the age bracket pay about 45% less than single drivers.
|Cheapest Companies for Married Couples||Average Annual Rates|
|North Carolina Farm Bureau||$769.27|
In addition to age, gender, and marital status, auto insurance companies consider factors like your credit score and driving record when assigning auto insurance rates. If you don’t have a clean driving record or if you have a poor credit history, make sure to ask providers about auto insurance discounts when you’re shopping for the lowest rates. Many companies offer a discount for taking a defensive driving course or for bundling an auto insurance policy with homeowners insurance or life insurance. These discounts can bring down your insurance costs considerably. And if your provider offers an accident forgiveness program, this can save you money down the line.
What is the average cost of auto insurance in the cities?
You’ll most likely pay a different rate for auto insurance coverage than your neighbor because of personal driving information. Your address will be factored into that too. From Concord to Fayetteville, there’s about a $300 difference in auto insurance rates. Take a look at our research to see the average auto insurance premiums for your city.
|Cheapest Cities for Auto Insurance||Average Annual Rates|
What are the most popular North Carolina car insurance companies?
Market share can reveal more about a provider than other data because it shows the percentage of customers a company has compared to its competitors.
From our data analysis, we found that Nationwide is the most “popular” auto insurance company in North Carolina because is has nearly 17% of all insured drivers on its policies. It’s not the cheapest option though. It’s actually the fifth cheapest according to our averages. This is why market share is important: because it shows you popular insurance companies and gives you insight into why people are going to them. Since Nationwide isn’t the cheapest, it might have better coverage or customer service that’s causing customers to choose its service. Think about it while you look at the chart below.
|Market Share Percent|
|North Carolina Farm Bureau||9.5|
What companies have the best customer service?
A “complaint index” records the percentage of people who complain about a company in comparison to its market share. Low numbers indicate low levels of complaints which means a company is doing well with customer satisfaction. Higher numbers mean a company has a handful of unhappy customers.
Allianz through Farm Bureau of NC are examples of stellar companies when it comes to keeping customers happy. American Independent has one of the state’s worst averages. Take a look at the complaint index below so you can find out which companies have the happiest customers overall.
|Number of Complaints||Premiums Written||Complaint Ratio by 1,000,000 premiums|
|Farm Bureau of NC||0||1,027,618||0.00|
|Cincinnati Ins. Co||6||16,376,699||0.37|
|Auto Owners Grp||7||16,785,535||0.42|
|Old Republic Grp||9||21,500,866||0.42|
|Main Street America||2||4,271,955||0.47|
|North Carolina Farm Bureau||132||269,961,883||0.49|
|Kemper Corp Grp||22||38,699,115||0.57|
|State Auto Mutual||6||10,232,022||0.59|
|Central Mutual Insurance||10||15,982,194||0.63|
|Southern General Ins||5||6,091,468||0.82|
|Auto-Owners Ins Co||16||14,339,662||1.12|
|Carolina Motor Club||28||20,159,784||1.39|
|Greenville Casualty Ins||11||4,199,939||2.62|
|American Independent Ins||12||1,401,736||8.56|
What do we recommend?
All of this information is here to help you make a decision on car insurance. The choice is up to you. When you’re weighing the pros and cons, just make sure to go with an auto insurance provider that is pretty good across the board.
Our research found that Erie is a good example of that because it ranked in the top five for popularity and customer service. Nationwide and NC Farm Bureau rank in the top five for low premiums and popularity, but lower than the top 10 for customer service.
If you still have questions, let knowledgeable insurance agents help you. They’re just a phone call away.
Where We Found The Facts
Everything here is based on facts and a lot of research and analysis. The premiums averages are thing we’ve calculated that might not work for you though. Since we used a specific set of data based on someone who drives a 2013 Honda Civic LX (4-door) with good credit, 50/100/100 coverage, and no accidents to come to those averages, if you don’t match that profile exactly, you’ll get a different premium. We just wanted to show you averages so you can have a better idea of what to expect to pay for car insurance in North Carolina.