The Cheapest Car Insurance in North Carolina for 2022

NerdWallet analyzed auto insurance rates to find you the cheapest car insurance in North Carolina for a variety of ages and driving histories.
Dec 7, 2021

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Auto insurance is an important purchase, but finding cheap car insurance in North Carolina isn’t always easy. That’s why it’s important to compare rates from multiple insurers.

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The average cost of full coverage car insurance in North Carolina is $1,255 per year, or about $105 per month, according to NerdWallet’s analysis. Minimum coverage in North Carolina is $402 per year on average, but we found you can likely get a cheaper policy. For example, Geico offers the cheapest rates in North Carolina at $278 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Cheapest car insurance company overall in North Carolina

$68/month

4.5

NerdWallet rating 

Cheapest for minimum coverage

$23/month

4.5

NerdWallet rating 

Cheapest for young drivers

$82/month

4.5

NerdWallet rating 

Cheapest for drivers with poor credit

$68/month

4.0

NerdWallet rating 

Looking for the cheapest car insurance in your city? NerdWallet analyzed auto insurance rates in some of the largest North Carolina cities, including:

How we chose the cheapest companies in North Carolina

NerdWallet’s editorial team analyzed car insurance rates from nine auto insurers in North Carolina and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in North Carolina. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in North Carolina for 20-year-olds

Drivers in North Carolina with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Geico: $986 per year, or about $82 per month.

  2. North Carolina Farm Bureau: $1,094 per year, or about $91 per month.

  3. Penn National: $1,391 per year, or about $116 per month.

  4. Erie: $1,468 per year, or about $122 per month.

  5. MetLife: $1,474 per year, or about $123 per month.

Cheapest minimum coverage car insurance in North Carolina for 20-year-olds

Drivers in North Carolina who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Geico: $331 per year, or about $28 per month.

  2. North Carolina Farm Bureau: $365 per year, or about $30 per month.

  3. Penn National: $451 per year, or about $38 per month.

  4. MetLife: $486 per year, or about $40 per month.

  5. Erie: $498 per year, or about $42 per month.

Cheapest auto insurance in North Carolina for 20-year-olds with poor credit

Drivers with poor credit in North Carolina should look at the following insurers with the lowest average rates for minimum coverage:

  1. MetLife: $486 per year, or about $40 per month.

  2. Penn National: $488 per year, or about $41 per month.

  3. Progressive: $503 per year, or about $42 per month.

  4. Erie: $551 per year, or about $46 per month.

  5. Geico: $569 per year, or about $47 per month.

Cheapest auto insurance in North Carolina for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in North Carolina, here are the companies with the lowest average rates for minimum coverage:

  1. North Carolina Farm Bureau: $573 per year, or about $48 per month.

  2. Geico: $694 per year, or about $58 per month.

  3. Penn National: $727 per year, or about $61 per month.

  4. MetLife: $777 per year, or about $65 per month.

  5. Progressive: $802 per year, or about $67 per month.

Cheapest auto insurance in North Carolina for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. North Carolina Farm Bureau: $484 per year, or about $40 per month.

  2. Penn National: $609 per year, or about $51 per month.

  3. Progressive: $674 per year, or about $56 per month.

  4. Erie: $694 per year, or about $58 per month.

  5. Allstate: $869 per year, or about $72 per month.

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Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in North Carolina for 30-year-olds

Drivers in North Carolina with clean driving records may get the lowest rates from these companies:

  1. Geico: $822 per year, or about $68 per month.

  2. State Farm: $1,070 per year, or about $89 per month.

  3. North Carolina Farm Bureau: $1,088 per year, or about $91 per month.

  4. Erie: $1,093 per year, or about $91 per month.

  5. Nationwide: $1,342 per year, or about $112 per month.

Cheapest minimum coverage car insurance in North Carolina for 30-year-olds

Drivers in North Carolina who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Geico: $278 per year, or about $23 per month.

  2. Erie: $359 per year, or about $30 per month.

  3. North Carolina Farm Bureau: $365 per year, or about $30 per month.

  4. State Farm: $365 per year, or about $30 per month.

  5. Nationwide: $404 per year, or about $34 per month.

Cheapest auto insurance in North Carolina for 30-year-olds with poor credit

Drivers with poor credit in North Carolina should consider the following companies with the lowest average rates for full coverage:

  1. Erie: $1,213 per year, or about $101 per month.

  2. Geico: $1,402 per year, or about $117 per month.

  3. MetLife: $1,474 per year, or about $123 per month.

  4. Penn National: $1,509 per year, or about $126 per month.

  5. Progressive: $1,528 per year, or about $127 per month.

Cheapest auto insurance in North Carolina for 30-year-old drivers with one at-fault crash

For drivers in North Carolina with a recent accident, here are the lowest average rate options for full coverage:

  1. North Carolina Farm Bureau: $1,698 per year, or about $142 per month.

  2. Erie: $1,772 per year, or about $148 per month.

  3. State Farm: $1,871 per year, or about $156 per month.

  4. Geico: $2,112 per year, or about $176 per month.

  5. Penn National: $2,204 per year, or about $184 per month.

Cheapest auto insurance in North Carolina for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. North Carolina Farm Bureau: $1,437 per year, or about $120 per month.

  2. Erie: $1,491 per year, or about $124 per month.

  3. Nationwide: $1,821 per year, or about $152 per month.

  4. Penn National: $1,856 per year, or about $155 per month.

  5. Progressive: $2,034 per year, or about $170 per month.

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Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in North Carolina for 40-year-olds

Drivers in North Carolina with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Geico: $803 per year, or about $67 per month.

  2. State Farm: $961 per year, or about $80 per month.

  3. Erie: $1,045 per year, or about $87 per month.

  4. North Carolina Farm Bureau: $1,048 per year, or about $87 per month.

  5. Nationwide: $1,298 per year, or about $108 per month.

Cheapest minimum coverage car insurance in North Carolina for 40-year-olds

Drivers in North Carolina who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Geico: $278 per year, or about $23 per month.

  2. State Farm: $330 per year, or about $28 per month.

  3. Erie: $343 per year, or about $29 per month.

  4. North Carolina Farm Bureau: $353 per year, or about $29 per month.

  5. Nationwide: $389 per year, or about $32 per month.

Cheapest auto insurance in North Carolina for 40-year-olds with poor credit

Drivers with poor credit in North Carolina can check out the following insurers with the lowest average rates for full coverage:

  1. Erie: $1,163 per year, or about $97 per month.

  2. Geico: $1,367 per year, or about $114 per month.

  3. MetLife: $1,474 per year, or about $123 per month.

  4. Penn National: $1,509 per year, or about $126 per month.

  5. Progressive: $1,528 per year, or about $127 per month.

Cheapest auto insurance in North Carolina for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in North Carolina, here are the companies with the lowest average rates for full coverage:

  1. North Carolina Farm Bureau: $1,635 per year, or about $136 per month.

  2. State Farm: $1,672 per year, or about $139 per month.

  3. Erie: $1,694 per year, or about $141 per month.

  4. Geico: $2,084 per year, or about $174 per month.

  5. Penn National: $2,204 per year, or about $184 per month.

Cheapest auto insurance in North Carolina for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. North Carolina Farm Bureau: $1,384 per year, or about $115 per month.

  2. Erie: $1,425 per year, or about $119 per month.

  3. Nationwide: $1,760 per year, or about $147 per month.

  4. Penn National: $1,856 per year, or about $155 per month.

  5. Progressive: $2,034 per year, or about $170 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap car insurance companies is a good place to start.

Cheapest full coverage car insurance in North Carolina for 50-year-olds

Drivers in North Carolina with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Geico: $843 per year, or about $70 per month.

  2. State Farm: $897 per year, or about $75 per month.

  3. North Carolina Farm Bureau: $990 per year, or about $82 per month.

  4. Erie: $994 per year, or about $83 per month.

  5. Nationwide: $1,219 per year, or about $102 per month.

Cheapest minimum coverage car insurance in North Carolina for 50-year-olds

Drivers in North Carolina who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Geico: $291 per year, or about $24 per month.

  2. State Farm: $309 per year, or about $26 per month.

  3. North Carolina Farm Bureau: $334 per year, or about $28 per month.

  4. Erie: $336 per year, or about $28 per month.

  5. Nationwide: $375 per year, or about $31 per month.

Cheapest auto insurance in North Carolina for 50-year-olds with poor credit

Drivers with poor credit in North Carolina can check with the following companies, which showed the lowest average rates for full coverage:

  1. Erie: $1,106 per year, or about $92 per month.

  2. Geico: $1,440 per year, or about $120 per month.

  3. MetLife: $1,474 per year, or about $123 per month.

  4. Nationwide: $1,492 per year, or about $124 per month.

  5. Penn National: $1,509 per year, or about $126 per month.

Cheapest auto insurance in North Carolina for 50-year-old drivers with one at-fault crash

For drivers living in North Carolina with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. North Carolina Farm Bureau: $1,539 per year, or about $128 per month.

  2. Erie: $1,610 per year, or about $134 per month.

  3. State Farm: $1,610 per year, or about $134 per month.

  4. Geico: $2,147 per year, or about $179 per month.

  5. Penn National: $2,204 per year, or about $184 per month.

Cheapest auto insurance in North Carolina for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. North Carolina Farm Bureau: $1,304 per year, or about $109 per month.

  2. Erie: $1,355 per year, or about $113 per month.

  3. Nationwide: $1,651 per year, or about $138 per month.

  4. Penn National: $1,856 per year, or about $155 per month.

  5. Progressive: $2,034 per year, or about $170 per month.

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Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in North Carolina for 60-year-olds

Drivers in North Carolina with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Geico: $761 per year, or about $63 per month.

  2. State Farm: $897 per year, or about $75 per month.

  3. Erie: $966 per year, or about $80 per month.

  4. North Carolina Farm Bureau: $990 per year, or about $82 per month.

  5. Nationwide: $1,137 per year, or about $95 per month.

Cheapest minimum coverage car insurance in North Carolina for 60-year-olds

Drivers in North Carolina who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Geico: $300 per year, or about $25 per month.

  2. State Farm: $309 per year, or about $26 per month.

  3. North Carolina Farm Bureau: $334 per year, or about $28 per month.

  4. Erie: $335 per year, or about $28 per month.

  5. Nationwide: $355 per year, or about $30 per month.

Cheapest auto insurance in North Carolina for 60-year-olds with poor credit

Drivers with poor credit in North Carolina can look at the following companies with the lowest average rates for full coverage:

  1. Erie: $1,074 per year, or about $90 per month.

  2. Geico: $1,376 per year, or about $115 per month.

  3. Nationwide: $1,385 per year, or about $115 per month.

  4. MetLife: $1,465 per year, or about $122 per month.

  5. Penn National: $1,509 per year, or about $126 per month.

Cheapest auto insurance in North Carolina for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in North Carolina, here are the companies with the lowest average rates for full coverage:

  1. State Farm: $1,446 per year, or about $120 per month.

  2. North Carolina Farm Bureau: $1,539 per year, or about $128 per month.

  3. Erie: $1,565 per year, or about $130 per month.

  4. Nationwide: $2,051 per year, or about $171 per month.

  5. Geico: $2,101 per year, or about $175 per month.

Cheapest auto insurance in North Carolina for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. North Carolina Farm Bureau: $1,304 per year, or about $109 per month.

  2. Erie: $1,317 per year, or about $110 per month.

  3. Nationwide: $1,536 per year, or about $128 per month.

  4. Allstate: $1,827 per year, or about $152 per month.

  5. Penn National: $1,856 per year, or about $155 per month.

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Minimum auto insurance limits required in North Carolina

North Carolina requires drivers to carry liability insurance, uninsured motorist bodily injury coverage (UMBI) and uninsured motorist property damage coverage (UMPD) in the following amounts:

  • $30,000 bodily injury liability per person.

  • $60,000 bodily injury liability per accident.

  • $25,000 property damage liability per accident.

  • $30,000 UMBI per person.

  • $60,000 UMBI per accident.

  • $25,000 UMPD per accident.

Liability car insurance covers the cost of any damage, injuries or deaths you cause in a car accident, up to your policy’s predefined limits.

Uninsured motorist coverage will cover expenses from injuries or damage after an accident with a driver who doesn’t have car insurance. Underinsured motorist coverage will cover the same expenses if you’re hit by a driver with some car insurance, but not enough to cover all costs from the crash.

While this will satisfy legal requirements, the bare minimum may not provide the soundest financial protection. If you cause a severe crash with someone driving a luxury car, for instance, you could easily owe more than $25,000 in vehicle repairs. And if you carry only the minimum limits, you’d pay any extra costs.

Check out NerdWallet’s guide to state car insurance requirements for more details on what each coverage type pays for.

Alternative car insurance for high-risk drivers

Drivers who are denied car insurance on the voluntary market — because of poor credit, DUIs or other factors — can seek coverage through the North Carolina Reinsurance Facility.

Budget-conscious shoppers can also use NerdWallet to find cheap car insurance in North Carolina. Try our car insurance comparison tool from the state’s largest insurers

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2019 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 60 years old in ten-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different.

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