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Best Cheap Car Insurance in North Carolina for 2019

Jan. 2, 2019
Auto Insurance, Insurance
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Drivers looking for cheap car insurance in North Carolina can save by shopping around. Prices differ from one company to the next, and depend on personal factors such as whether you’ve caused car accidents.

To help you compare rates in the Tar Heel State, NerdWallet analyzed quotes from the six largest insurance companies in North Carolina and found the three cheapest options for several driver types.

» FIND YOUR MATCH: Who’s the cheapest carrier for you?

Cheapest for good drivers

Progressive was the cheapest carrier we found for good drivers with good credit in North Carolina, at $55 per month, on average. Geico and State Farm come in second and third, respectively.

InsurerAverage priceGet your rate
3.5 NerdWallet rating

$665/year

$55/month

4.0 NerdWallet rating

$739/year

$62/month

4.0 NerdWallet rating

$794/year

$66/month

For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. With the exception of age, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including state-required coverage.

Cheapest for drivers with poor credit

For drivers with poor credit in North Carolina, Progressive was the only insurer with an average monthly price of less than $100, coming in at $91 per month, on average. North Carolina Farm Bureau and Geico round out the cheapest three, with very similar average prices.

InsurerAverage priceGet your rate
*North Carolina Farm Bureau is not rated because there is not enough data to evaluate it against larger companies.
3.5 NerdWallet rating

$1,098/year

$91/month


NerdWallet rating: Not rated*

$1,339/year

$112/month



4.0 NerdWallet rating

$1,343/year

$112/month

Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent accident. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record, poor credit as reported to their insurer, and standard "full coverage" insurance.

Cheapest for drivers with one at-fault crash

North Carolina Farm Bureau was the cheapest we found in the state for drivers with a recent at-fault accident, at an average of $105 per month. State Farm wasn’t far behind, and Progressive comes in third-cheapest.

InsurerAverage priceGet your rate
*North Carolina Farm Bureau is not rated because there is not enough data to evaluate it against larger companies.

NerdWallet rating: Not rated*

$1,258/year

$105/month



4.0 NerdWallet rating

$1,288/year

$107/month

3.5 NerdWallet rating

$1,610/year

$134/month

To get these figures, we averaged rates for 40-year-olds with one recent at-fault crash and the typical "full coverage" insurance. Your rates will remain high for three to five years after you cause an accident or have a moving violation. If you fall into this category, be sure to shop for new insurance rates just after the three-year and five-year anniversaries of your infraction.

Cheapest for low-mileage drivers

Progressive was the cheapest insurer we found in North Carolina for drivers who clock few annual miles, at $52 per month, on average. That’s the same price it had for drivers who drive the average amount, but Geico and State Farm give low-mileage drivers a small premium break.

InsurerAverage priceGet your rate
3.5 NerdWallet rating

$626/year

$52/month

4.0 NerdWallet rating

$685/year

$57/month


4.0 NerdWallet rating

$747/year

$62/month

Whether you're retired, work at home or often use public transportation, you may be able to get cheaper car insurance simply because you drive less. The rates above are for 40-year-olds with typical "full coverage" insurance and a clean driving record who drive 5,000 miles per year instead of the standard 12,000.

Cheapest for minimum coverage in North Carolina

Geico had the cheapest minimum coverage auto insurance we found, at $25 per month, on average. North Carolina Farm Bureau and Progressive come in second and third, respectively, in a tight ranking of cheapest carriers for minimum coverage.

InsurerAverage priceGet your rate
*North Carolina Farm Bureau is not rated because there is not enough data to evaluate it against larger companies.
4.0 NerdWallet rating

$295/year

$25/month



NerdWallet rating: Not rated*

$309/year

$26/month


3.5 NerdWallet rating

$323/year

$27/month

We calculated these numbers by averaging rates for 40-year-old good drivers who have only the minimum mandatory insurance in their state. Such light coverage isn't typically recommended, since it might not cover all the bills resulting from a car accident, but it's better than nothing — especially if you can't afford much more.

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.

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 tool for a side-by-side auto insurance quotes comparison from the state’s largest insurers.

Here’s a summary of where you’ll find the cheapest insurance, by category:

Cheapest car insurance in North Carolina

CategoryCheapest option
Good driversProgressive
Drivers with poor creditProgressive
Drivers with one at-fault crashNC Farm Bureau
Low-mileage driversProgressive
Minimum coverageGeico

METHODOLOGY

For our base-profile driver with good credit and a clean driving history, NerdWallet averaged rates from the largest insurers for 40-year-old men and women in 20 ZIP codes. The policy includes:

  • $100,000 bodily injury liability coverage per person.
  • $300,000 bodily injury liability coverage per crash.
  • $50,000 property damage liability coverage per crash.
  • $100,000 uninsured/underinsured motorist bodily injury coverage per person.
  • $300,000 uninsured/underinsured motorist bodily injury coverage per crash.
  • $50,000 uninsured/underinsured motorist property damage per crash.
  • Collision coverage with $1,000 deductible.
  • Comprehensive coverage with $1,000 deductible.

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

  • For drivers with poor credit, we adjusted the credit tier from “good” to “poor.”
  • For drivers with one at-fault crash, we added a single at-fault crash.
  • For low-mileage drivers, we adjusted the miles driven from 12,000 per year to 5,000.
  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.

We used a 2015 Toyota Camry in all cases. These are rates generated through Quadrant Information Services. Your own rates will be different.

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