North Carolina insurance at the lowest price 2023

Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not […]

Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not be able to see exact premiums, they will give you an idea about the best rates available in your area.

You can’t beat North Carolina’s scenic mountain drives, especially if your car insurance is affordable.

To find the best insurance company for your needs and driver profile, we compared the costs of basic car insurance across North Carolina.

Our full methodology explains that we used a neutral driver profile for our calculations to get the best idea of rates from insurers. There are many factors that can affect your car insurance such as your age, mileage, vehicle type, and coverage options. Your profile may impact your rates.

If you do not meet our North Carolina standard driver profile, no tickets, accidents or claims, we have also calculated rates for drivers with different credit outlooks, driving records, ages, and coverage options.

Continue reading to find out about North Carolina’s average auto insurance rates. We also have our findings on the most affordable options.

Car insurance costs in North Carolina

The average monthly premium for basic car insurance in North Carolina is just below $40 and can go up to $60 depending on what type of coverage you choose and who your driver profile is.

Monthly average auto insurance premiums in North Carolina

Driver and coverage	Avg. Monthly cost
North Carolina has a minimum state-minimum auto insurance	$38.19
North Carolina drivers with poor credit	$47.55
North Carolina drivers with multiple claims	$60.00
Young drivers in North Carolina	$47.39

The cheapest North Carolina car insurance companies

These are the five most affordable North Carolina insurers, based on minimum-coverage rates and our North Carolina driver profile.

Driver characteristics include no tickets, coverage gaps, a car worth between $20,000 and $30,000, a credit score of 680 to 719, and drivers aged 36 to 45. You are not the only one? We also calculated the lowest basic-coverage rates available for young drivers and drivers with bad credit.

1. Utica National Insurance Group

Utica National Insurance Group is the cheapest insurer we have reviewed. It could offer North Carolina drivers a minimum-coverage policy starting at $24.17 per monthly. Utica offers insurance through independent agents. It offers a wide range of discounts including an annual mileage credit and multipolicy discount. You can also save money if you have safety equipment in your vehicle. Utica insures all types of vehicles, including snowmobiles, boats, ATVs, snowmobiles, and motorcycles.

2. State Farm

Based on our North Carolina driver profile, State Farm may offer basic car insurance coverage starting at $25.58 per monthly. State Farm also offers collision, comprehensive, rental and rideshare insurance, uninsured/underinsured motorist coverage, medical payments, liability insurance and emergency roadside assistance. State Farm also offers a variety of savings options, including the Drive Safe & Save, Steer Clear and Medical Payments programs. There are also discounts for teen drivers.

Review State Farm auto insurance

3. North Carolina Farm Bureau

North Carolina Farm Bureau could help you get basic insurance as low as $27.83 per monthly for your driver profile. North Carolina Farm Bureau offers auto, renters and home insurance through local agents. To access NC Farm Bureau’s insurance products, customers must be NC Farm Bureau members. A $25 annual membership fee allows you to receive discounts on products, hotel stays and attractions as well as prescription drugs and vision plans.

4. Erie

Erie could offer car insurance for as low as $28.88 per monthly to a North Carolina driver. Erie provides coverage for bodily injury, personal injury and property damage. Erie covers you with features such as windshield repair, pet injury coverage, first-accident forgiveness and travel expense coverage. You can also add rental car coverage, new vehicle replacement, motorcycle insurance, and many other options.

Review Erie Auto Insurance.

5. Allied

Our North Carolina driver could get basic coverage through Allied for as low $33.46 per monthly. Allied, a Nationwide insurance company, sells insurance through independent agents. Customers can choose from additional coverage options, including medical payments coverage, uninsured/underinsured motorist insurance and personal injury protection.

The cheapest state-minimum auto insurance in North Carolina

As the name suggests, state-minimum insurance is the smallest amount of coverage that you can have while still meeting your state’s legal requirements. It is usually one of the most affordable options because it provides basic coverage.

These are the five most affordable car insurance companies that drivers can choose from if they need state-minimum coverage.

5 most affordable car insurance companies in North Carolina to provide state-minimum coverage

1	Utica National Insurance Group	$24.17
2	State Farm	$25.58
3	North Carolina Farm Bureau	$27.83
4	Erie	$28.88
5	Allied	$33.46

Best car insurance for people with good credit in North Carolina

Insurers consider your credit score when determining the price of your insurance. Drivers with good credit are more likely to pay less for insurance than those with poor credit.

These are the five companies with the lowest car insurance for drivers with good credit.

The cheapest North Carolina car insurance companies for people with good credit

1	State Farm	$20.22
2	Utica National Insurance Group	$22.67
3	North Carolina Farm Bureau	$25.33
4	Erie	$27.63
5	Allied	$29.57

Lowest Car Insurance for Poor Credit in North Carolina

Car insurance is more expensive for drivers with poor credit ratings. Your credit score is only one factor that will affect your car insurance cost. Even if you have a poor credit score, it is possible to save money on your car insurance.

These are the insurance companies that offer minimum coverage and the lowest rates for North Carolina drivers who have less-than-stellar credits.

5 Best Car Insurance Companies in North Carolina For those with bad credit

1	Utica National Insurance Group	$29.75
2	Erie	$34.40
3	Metropolitan	$36.69
4	GMAC Insurance Group	$36.92
5	Penn National	$36.92

Cheapest car Insurance for Drivers with Multiple Claims in North Carolina

Another important component of your overall insurance calculation is your driving record. Car insurance costs will be higher for drivers who have more claims than others.

These companies offer the lowest rates for basic coverage for drivers who have multiple claims.

5 most affordable car insurance companies in North Carolina Multiple claims

1	State Farm	$38.75
2	Utica National Insurance Group	$39.67
3	North Carolina Farm Bureau	$41.00
4	Erie	$44.75
5	Penn National	$53.92

Cheapest Car Insurance for Young Drivers in North Carolina

Your age can also impact how much car insurance you pay. Younger drivers tend to pay more than those who are older.

These are the five most affordable car insurance companies for young drivers in North Carolina. They offer minimum coverage at a fraction of the cost.

The cheapest North Carolina car insurance companies for young drivers

1	Utica National Insurance Group	$27.50
2	North Carolina Farm Bureau	$28.83
3	Penn National	$35.92
4	Metropolitan	$36.69
5	GMAC Insurance Group	$36.92

North Carolina auto insurance requirements

North Carolina has a $30,000 minimum for each person, $60,000 for every accident and $25,000 for property damage coverage. You’ll need to have more coverage if you have a car lease or loan.

Is there usage-based insurance in North Carolina ?

A type of vehicle insurance that is driven-based, usage-based insurance allows customers to pay premiums according to their driving habits. UBI (or telematics) programs may be offered by some North Carolina insurance companies to help drivers drive safely and save money.

FAQs regarding the lowest car insurance rates in North Carolina

Methodology

Based on the profile for a driver aged 36-45 who lives in North Carolina, the estimated rates shown in this article represent the lowest rates for minimum coverage. The rates shown assume that there is only one driver on the policy, with no driving tickets and no coverage lapses. This estimate assumes that the vehicle is worth between $20,000 to $30,000 with an annual mileage of 12,000-15,000 and is in good condition. Rates for insurance for good credit are based on scores above 720. Rates for insurance for people with poor credit range from 350 to 579. The estimated rates for young drivers are those aged 18-21. Rates for multiple claims are based on two claims.

Quadrant Information Services provides rates every six months. Quadrant Information Services does not include all insurance companies in the rate data. These rates are estimates and should not be used as a comparison. Rates can vary depending on many factors such as vehicle driving habits, coverage history, and age.

Full-coverage car insurance covers bodily injury, property damages, collision, and comprehensive coverages. The state-minimum monthly premium for car insurance in North Carolina includes the North Carolina-mandated 30/60/25insurance plan.