Getting car insurance in a car is just as important as getting a license and registration. Without it, you cannot legally drive your vehicle. These laws are not only in North Carolina, but nationwide. As nearly every state (except for one) requires you have auto insurance in order to drive a car.
But how much is car insurance in NC? Is it cheaper than its eastern neighbor states?
This article will answer this question and detail more information on the most cost effective options for insurance in North Carolina.
How Much Is Car Insurance in NC?
There is not one single answer to that question. That is because the cost of insurance premiums in North Carolina depends on a handful of factors.
But to give you an idea, in 2021, the average cost of car insurance premiums in the state of North Carolina ranged from $438 to $865 per year.
North Carolina’s car insurance coverage is much lower than the national average, $1,483 per year. So great news for those of you living in NC. The car insurance rates in North Carolina is one of the least expensive in the country.
Factors that Affect Car Insurance Prices
First, the amount of coverage you need will dictate the rate that you pay.
If you only plan to purchase minimum coverage, you will likely look at a range between $351 to $438 per year. On the other hand, if you seek full coverage, the average cost of these insurance premiums in North Carolina was $1,325 in 2021.
More on Insurance Factors in North Carolina
Another factor influencing auto insurance premiums in North Carolina is a driver’s driving history.
The average annual premium for drivers who have been involved in an accident at their fault ranges from $1,300 to $2,750.
Meanwhile, if the driver is arrested and charged with a DUI, their vehicle insurance costs will climb to $1,650 per year.
Age and Car Insurance Rates
Another aspect that affects car insurance rates in North Carolina is your age. North Carolina’s cheapest car insurance rates are premiums for drivers in their 50s.
Their yearly premiums are only $840 on average. Much like in most states, the younger the driver, the more expensive the premiums. For example, the car insurance premiums for 17 years old is $2,060 per year, while for 30 years old, it is only $860.
Car Insurance Providers in North Carolina
The car insurance provider is another factor that affects how much car insurance premiums you will pay in North Carolina.
The car insurance company that offers the cheapest rates for the minimum coverage is Government Employees Ins Co. Their premiums per year are only $288 for minimum coverage.
On the other hand, the most expensive car insurance minimum coverage comes from Allstate Property & Casualty Insurance Co. Their car insurance premiums cost $680 per year for minimum coverage.
As for the cheapest car insurance, the full coverage comes from Geico, only $830 per year. Meanwhile, the most expensive full coverage for car insurance comes from Allstate, which is $1,600.
There you have it! We hope this article gives you a better idea of car insurance rates in North Carolina and the factors that affect them.