UPDATED: JUNE 28, 2023 | 2 MIN READ
Car insurance is a necessary expense for every vehicle owner in Charlotte, North Carolina. But that doesn’t mean you have to break the bank! This article will reveal the secrets to finding cheap car insurance options that meet your requirements and help you save big on premiums.
How do the average car insurance rates in Charlotte, North Carolina, compare to the state and U.S. averages?
On average, car insurance rates in Charlotte are slightly higher than the state average, with average annual rates of $1,318 compared to $1,144 for North Carolina. However, compared to the national average of $1,550, car insurance rates in Charlotte remain relatively competitive.
| Average Annual Car Insurance Rates In Charlotte | Average Annual Car Insurance Rates In North Carolina | Average Annual Car Insurance Rates In the United States |
|---|---|---|
| $1,318 | $1,144 | $1,550 |
How do the city’s average rates compare to other North Carolina cities?
In Charlotte, the average car insurance cost stands at $1,388. Meanwhile, the average cost in Durham is slightly lower at $1,370, and Greensboro has slightly higher rates at $1,400. Raleigh and Winston-Salem, on the other hand, both have lower average rates, with Raleigh at $1,360 and Winston-Salem having the lowest average cost of $1,265.
| City | Average Car Insurance Cost |
|---|---|
| Charlotte | $1,388 |
| Durham | $1,370 |
| Greensboro | $1,400 |
| Raleigh | $1,360 |
| Winston-Salem | $1,265 |
Best cheap car insurance in Charlotte, North Carolina
To find the best cheap car insurance in Charlotte, North Carolina, several options can help you save money without compromising coverage. By comparing rates and exploring different insurance providers, you can discover affordable policies tailored to your needs. In the next section, we will delve into the details and provide a comprehensive guide to securing Charlotte’s best car insurance deals
Cheapest Charlotte, North Carolina liability-only auto insurance
GEICO offers the cheapest liability-only auto insurance in Charlotte, NC, with a monthly rate of just $34.
GEICO offers the lowest monthly rate among the major insurance companies for liability-only auto insurance at just $34. Following closely are State Farm and Progressive at $49 and $53 per month, respectively. Nationwide also offers liability-only coverage at a similar rate of $53. However, if you’re seeking more comprehensive coverage, Allstate may be a suitable option, albeit at a slightly higher monthly rate of $82.
| Company | Monthly Rate |
|---|---|
| GEICO | $34 |
| State Farm | $49 |
| Progressive | $53 |
| Nationwide | $53 |
| Allstate | $82 |
North Carolina minimum liability requirements
In North Carolina, the minimum liability coverage must meet certain standards. For bodily injury, the requirement is set at $30,000 per person and $60,000 per accident. Additionally, there is a property damage liability requirement of $25,000. It’s important to note that these are the minimum requirements, and it’s often recommended to consider higher coverage limits to provide better financial protection in the event of an accident.
| Minimum Liability Requirements in North Carolina | |
| Bodily Injury | $30,000 per person, $60,000 per accident |
| Property Damage | $25,000 |
Understanding and meeting the minimum liability requirements for car insurance in North Carolina isn’t only a legal obligation and a responsible choice to protect yourself and others on the road. While these minimums provide a basic level of coverage, it’s wise to consider higher limits and additional coverage options to ensure adequate protection.
Cheapest Charlotte, North Carolina, full coverage auto insurance
GEICO offers the cheapest full-coverage auto insurance in Charlotte, NC, with a monthly rate of just $79.
If you’re in the market for the cheapest full coverage auto insurance in Charlotte, North Carolina, we’ve compiled some data to help you search. Among the major insurance companies, GEICO stands out with a monthly rate of $79 for full coverage. Progressive follows closely at $118, while State Farm comes in at $130 monthly.
Nationwide offers full coverage at a slightly higher rate of $186, and Allstate rounds out the list with a monthly rate of $311. Remember that these rates are subject to various factors, such as driving history, vehicle type, and coverage limits.
While liability-only coverage may be the most affordable choice for drivers in Charlotte, NC, there may be better options. If you opt for liability-only coverage, consider the possibility of raising your coverage limits and including uninsured/underinsured motorist coverage. However, if your vehicle is worth $5,000 or more and is less than a decade old, it is generally recommended to consider carrying full-coverage car insurance.
| Company | Monthly Rate |
|---|---|
| GEICO | $79 |
| Progressive | $118 |
| State Farm | $130 |
| Nationwide | $186 |
| Allstate | $311 |
Average monthly car insurance cost by zip code
With an average monthly car insurance cost of $137, zip code 28226 in Charlotte, NC, stands out as one of the city’s most affordable areas for car insurance coverage.
The average monthly cost of car insurance can vary significantly based on the zip code in Charlotte. We have gathered data to provide insights into the average monthly costs across different areas. In zip code 28105, the average monthly cost is $144, while zip codes 28202, 28203, and 28204 have an average cost of $141.
On the other hand, zip codes 28205, 28206, 28208, and 28212 have slightly higher average costs at $174. Interestingly, zip codes like 28210, 28211, and 28226 have comparatively lower average monthly costs, ranging from $137 to $139. These variations highlight the importance of considering your specific zip code when determining car insurance costs in Charlotte.
| Zip Code | Average monthly cost |
|---|---|
| 28105 | $144 |
| 28202 | $141 |
| 28203 | $141 |
| 28204 | $141 |
| 28205 | $174 |
| 28206 | $174 |
| 28207 | $141 |
| 28208 | $174 |
| 28209 | $141 |
| 28210 | $139 |
| 28211 | $138 |
| 28212 | $174 |
| 28213 | $168 |
| 28214 | $143 |
| 28215 | $170 |
| 28216 | $165 |
| 28217 | $172 |
| 28226 | $137 |
| 28227 | $145 |
| 28244 | $142 |
| 28246 | $142 |
| 28254 | $166 |
| 28262 | $169 |
| 28269 | $128 |
| 28270 | $138 |
| 28273 | $148 |
| 28274 | $142 |
| 28277 | $138 |
| 28278 | $148 |
| 28278 | $147 |
| 28280 | $142 |
| 28281 | $142 |
Charlotte car insurance premiums for people with previous incidents
Previous incidents can significantly impact car insurance premiums in Charlotte on your driving record. DUI/DWI, reckless driving, at-fault accidents, and speeding tickets can lead to higher insurance rates. For individuals with a DUI/DWI offense, the average annual premium in Charlotte is $5,604.
Reckless driving incidents result in an average annual premium of $2,546. At-fault accidents with damages less than $1,000 or less than $2,000 incur an average annual premium of $1,900. Additionally, a speeding ticket for driving 16-20 mph over the speed limit carries an average annual premium of $2,018.
These figures highlight the importance of maintaining a clean driving record to ensure more affordable car insurance premiums.
| Citation Type | Average Annual Premium |
|---|---|
| DUI/DWI | $5,604 |
| Reckless Driving | $2,546 |
| At-fault Accident (damages less than $1,000) | $1,900 |
| At-fault Accident (damages less than $2,000) | $1,900 |
| Speeding Ticket (16-20 mph over the speed limit) | $2,018 |
Cheapest car insurance options after a speeding ticket
If you’re seeking affordable car insurance after a speeding ticket in Charlotte, NC, consider GEICO and Progressive for cost-effective options starting at $1,870 and $1,900, respectively.
Suppose you’ve received a speeding ticket in Charlotte and are looking for the cheapest car insurance options. In that case, GEICO offers the most affordable average annual premium at $1,870 for individuals with a speeding ticket. Progressive follows closely at $1,900, while State Farm comes in at $2,179.
Nationwide and Allstate have higher average annual premiums for drivers with a speeding tickets, with rates of $2,711 and $4,982, respectively. It’s important to note that these rates may vary based on other factors, such as your driving history and the specific details of the speeding offense.
| Company | Average Annual Premium |
|---|---|
| GEICO | $1,870 |
| Progressive | $1,900 |
| State Farm | $2,179 |
| Nationwide | $2,711 |
| Allstate | $4,982 |
Cheapest car insurance options after an accident
Progressive offers the cheapest car insurance options for individuals with an accident history in Charlotte, NC, with an average annual premium of $2,268.
Suppose you’ve recently been involved in an accident in Charlotte and are searching for the cheapest car insurance options. In that case, Progressive offers the most affordable average annual premium at $2,268 for individuals with an accident on their record.
State Farm follows closely at $2,647, while Nationwide is slightly higher at $2,867. GEICO provides car insurance options with an average annual premium of $3,088 for drivers with an accident history. Allstate has the highest average annual premium at $4,894.
| Company | Average Annual Premium |
|---|---|
| Progressive | $2,268 |
| State Farm | $2,647 |
| Nationwide | $2,867 |
| GEICO | $3,088 |
| Allstate | $4,894 |
Cheapest car insurance options after a DUI
GEICO offers the cheapest car insurance options for individuals with a DUI in Charlotte, with an annual premium of $5,558.
Finding affordable car insurance options after a DUI in Charlotte can be challenging, but we have gathered some data to help you in your search. Among the major insurance companies, GEICO offers the most cost-effective option, with an average annual premium of $5,558 for individuals with a DUI on their record.
Progressive closely follows with an average annual premium of $5,571, while Nationwide provides coverage at a slightly higher average annual premium of $6,227. State Farm comes in next with an average annual premium of $6,697.
However, it’s important to note that Allstate has the highest average annual premium at $16,006 for drivers with a DUI.
| Company | Average Annual Premium |
|---|---|
| GEICO | $5,558 |
| Progressive | $5,571 |
| Nationwide | $6,227 |
| State Farm | $6,697 |
| Allstate | $16,006 |
Average Charlotte car insurance rates by credit score
Charlotte residents with poor credit scores can expect an average annual premium of $1,813. The average annual premium drops to $1,495 for those with fair credit. Good credit scores bring further savings, with an average annual premium of $1,446. If you have an excellent credit score, you can enjoy the lowest average annual premium of $1,391.
| Credit Score | Average Annual Premium |
|---|---|
| Poor | $1,813 |
| Fair | $1,495 |
| Good | $1,446 |
| Excellent | $1,391 |
Cheapest car insurance options in Charlotte by age
In Charlotte, age is a significant factor that insurers consider. Different age groups have varying risk levels, which can influence the cost of insurance. To help you understand the cheapest car insurance options based on age in Charlotte, we have gathered data that showcases average annual premiums across different age brackets. By exploring these rates, you can gain insights into the potential cost savings available for various age groups.
Best car insurance for young drivers
Ensure comprehensive coverage and affordability for young drivers in Charlotte, NC, by considering GEICO, with an average annual premium of $2,357 for full-coverage insurance.
Finding the best car insurance for young drivers in Charlotte is crucial for affordability and comprehensive coverage. GEICO offers the most competitive rates, with an average annual premium of $2,357 for young drivers.
Progressive follows closely with an average annual premium of $2,955, while State Farm provides coverage at $3,034. It’s important to note that Nationwide and Allstate have higher average annual premiums, with rates of $5,746 and $8,859, respectively, for young drivers in Charlotte.
| Insurance Carrier | Average Annual Rates for auto Insurance |
|---|---|
| GEICO | $2,357 |
| Progressive | $2,955 |
| State Farm | $3,034 |
| Nationwide | $5,746 |
| Allstate | $8,859 |
FAQ
How can I find cheap car insurance in Charlotte, NC?
To find cheap car insurance in Charlotte, NC, consider comparing quotes from multiple insurance providers. You can use online comparison tools or work with an insurance agent who can help you explore various coverage options and discounts tailored to your needs.
What factors can affect my car insurance rates in Charlotte?
Several factors can impact your car insurance rates in Charlotte, including your driving record, age, credit score, vehicle type, and zip code. Insurance companies also consider factors like the coverage limits you choose, deductibles, and any additional coverage options you may select.
Do I need full coverage of car insurance in Charlotte?
Whether you need full coverage car insurance in Charlotte depends on your specific circumstances. If you have a newer vehicle or one that is financed, full coverage, including comprehensive and collision coverage, may be required. However, if your vehicle is older or has a lower value, you may opt for liability-only coverage to meet the minimum legal requirements.
Can I get car insurance with a poor credit score in Charlotte?
You can still get car insurance with a poor credit score in Charlotte. However, it’s important to note that individuals with lower credit scores generally face higher insurance premiums. It’s recommended to shop around and compare quotes from different insurance providers to find the most affordable options.
What discounts are available for car insurance in Charlotte?
Insurance providers in Charlotte may offer various discounts to help you save on car insurance. Some common discounts include good driver discounts, multi-policy discounts (if you have multiple insurance policies with the same provider), safety feature discounts, and discounts for completing driver’s education courses. It’s worthwhile to inquire about available discounts when obtaining insurance quotes.
Find cheap car insurance in Columbus, Ohio
Ready to find the best car insurance rates in Charlotte, North Carolina? Take the next step by comparing quotes from multiple insurance providers. Fill out our online rate form today and make an informed decision about your car insurance coverage in Charlotte.
Methodology:
Medigap.com extracted and analyzed data from the following to provide data in this article.
- “Consumer’s guide to Automobile Insurance” (NCDMV.gov)
- “Charlotte, NC Car Insurance” (The Zebra)
- “The Best Car Insurance in Charlotte, NC Carolina, for 2023” (MoneyGeek)
Related content:
- Best Car Insurance in North Carolina
- North Carolina Car Insurance Laws & Requirements
- Driving Without Insurance
- What’s the Total Cost of Owning a Car?
- How Your Driving Record Impacts Your Car Insurance Rates
