Key Takeaways
- North Carolina Farm Bureau has the most affordable car insurance, offering minimum coverage for $37 a month and full coverage for $70 a month.
- North Carolina drivers pay an average of $88 a month for full coverage — that’s nearly half of the nationwide average.
- State Farm is the cheapest car insurance company for young drivers.
In this article
The cheapest car insurance companies in North Carolina
The cheapest car insurance company for most drivers is North Carolina Farm Bureau, as the group has the state’s lowest rates for:
- Full and minimum coverage
- Senior drivers
- Married drivers
- Drivers with an incident on their record
Erie is the cheapest insurance company for the state’s drivers with bad credit. State Farm has the cheapest rates for young drivers.
To find out which insurer has the cheapest rates for you, compare car insurance quotes from several companies.
North Carolina car insurance state minimums
State law requires North Carolina drivers to hold liability car insurance that covers bodily injuries and property damage you may cause to others. Additionally, all drivers must carry coverage for incidents involving uninsured and underinsured motorists.
| Coverage type | State requirements |
|---|---|
| Bodily injury liability | $30,000 per person / $60,000 per accident |
| Property damage liability | $25,000 per accident |
Cheapest minimum-coverage auto insurance rates in North Carolina: North Carolina Farm Bureau
North Carolina Farm Bureau has the cheapest car insurance in North Carolina for drivers who want minimum coverage. It charges an average rate of $37 a month for this amount of coverage.
Statewide, the average cost of minimum-coverage car insurance is $46 a month. North Carolina Farm Bureau’s average rate is 20% cheaper.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $37 |
| Allied | $41 |
| State Farm | $42 |
| Erie | $48 |
| Progressive | $50 |
| Nationwide | $51 |
| GEICO | $51 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. | |
Get cheap car insurance in North Carolina
Cheapest full-coverage auto insurance rates in North Carolina: North Carolina Farm Bureau
The cheapest full-coverage car insurance rates also come from North Carolina Farm Bureau, which charges $70 a month, on average.
The average cost of full-coverage car insurance in North Carolina is $88 a month.
No state requires full-coverage auto insurance, but some lenders and lessors do. Typically, it includes comprehensive and collision coverages as well as the state-required amount of liability coverage.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $70 |
| State Farm | $71 |
| Erie | $88 |
| Allied | $89 |
| Progressive | $92 |
| Nationwide | $93 |
| GEICO | $117 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. | |
Cheapest car insurance in North Carolina for drivers with bad credit: Erie
North Carolina drivers with bad credit should go to Erie for cheap car insurance. It offers them an average monthly rate of $88 for full coverage.
On average, North Carolina drivers with bad credit pay nearly $25 a month more for car insurance than those with good credit do. That’s true in many states, due to research liking credit scores to driving risk.
| Insurance company | Monthly rate |
|---|---|
| Erie | $88 |
| Progressive | $92 |
| Nationwide | $93 |
| North Carolina Farm Bureau | $111 |
| Allied | $113 |
| GEICO | $117 |
| State Farm | $163 |
| Rates are for full-coverage car insurance for a 35-year-old male with poor credit and a good driving record. | |
Cheapest car insurance for drivers with a prior incident
North Carolina Farm Bureau has the cheapest car insurance for drivers with a prior incident on their record, including those with speeding tickets, accidents and DUIs.
Cheapest for drivers with a speeding ticket: North Carolina Farm Bureau
North Carolina Farm Bureau offers the cheapest car insurance for drivers with a speeding ticket. On average, the provider charges $92 a month for full-coverage policies.
Drivers in North Carolina with a speeding ticket pay $113 a month, on average, for full-coverage car insurance. This is 28% more than what drivers with a clean record pay.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $92 |
| Nationwide | $93 |
| State Farm | $98 |
| Erie | $118 |
| Allied | $120 |
| Progressive | $124 |
| GEICO | $149 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. | |
Cheapest for drivers with an at-fault accident: North Carolina Farm Bureau
For those with an accident on their record, North Carolina Farm Bureau is also the cheapest car insurance option. The group’s average monthly premium is $92.
At-fault accidents can greatly increase car insurance costs. In fact, we found that North Carolina drivers pay 33% more for coverage if they have one on their record.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $92 |
| Nationwide | $93 |
| State Farm | $98 |
| Erie | $118 |
| Progressive | $124 |
| Allied | $145 |
| GEICO | $149 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. | |
Cheapest for drivers with a DUI: North Carolina Farm Bureau
For cheap car insurance with a DUI on your record, get a quote from North Carolina Farm Bureau. Its average rate for drivers with a DUI is $257 a month.
This is for full coverage. If you get less coverage, your premium will be lower, too.
In North Carolina, drivers with DUIs tend to pay much higher car insurance rates than do drivers with accidents or speeding tickets. The average cost for a North Carolina driver with one DUI is $324 a month.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $257 |
| Nationwide | $268 |
| State Farm | $297 |
| Erie | $347 |
| Allied | $350 |
| Progressive | $363 |
| GEICO | $386 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. | |
Compare car insurance quotes from top companies
Cheapest car insurance for senior drivers: North Carolina Farm Bureau
The cheapest car insurance for senior drivers comes from North Carolina Farm Bureau, which charges $70 a month for full coverage.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $70 |
| State Farm | $71 |
| Erie | $88 |
| Allied | $89 |
| Progressive | $92 |
| Nationwide | $93 |
| GEICO | $117 |
| Rates are for full-coverage car insurance for a 65-year-old male with a clean driving record. | |
Cheapest car insurance for young drivers: State Farm
State Farm is the best source for cheap car insurance for young drivers in North Carolina. On average, it charges $75 a month for minimum coverage and $126 a month for full coverage.
Young drivers — especially teens — are often expensive to insure. This is because they’re seen as riskier, less experienced drivers than their older counterparts.
| Insurance company | Minimum coverage | Full coverage |
|---|---|---|
| State Farm | $75 | $126 |
| North Carolina Farm Bureau | $87 | $156 |
| Allied | $92 | $190 |
| Progressive | $109 | $193 |
| Nationwide | $109 | $194 |
| GEICO | $110 | $249 |
| Erie | $110 | $188 |
| Rates are for an 18-year-old male with a clean driving record. | ||
Cheapest car insurance for married drivers: North Carolina Farm Bureau
Married drivers will find the most affordable auto insurance from North Carolina Farm Bureau, where the average monthly rate is $70.
| Insurance company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $70 |
| State Farm | $71 |
| Allied | $78 |
| Erie | $84 |
| Progressive | $92 |
| Nationwide | $93 |
| GEICO | $117 |
| Rates are for full-coverage car insurance for a married 35-year-old male with a good driving record. | |
Car insurance laws in North Carolina
No-fault car insurance
North Carolina does not have no-fault car insurance, as it’s considered an at-fault, or tort, state. This means that drivers can sue one another for damages and, if found guilty, the responsible driver could be liable for the victim’s damages.
SR-22 insurance
An SR-22 form is a certificate confirming that a driver’s car insurance policy meets the state-required minimums. It’s not typically required in North Carolina.
North Carolina car insurance: FAQs
Who has the cheapest car insurance in North Carolina?
North Carolina Farm Bureau is the cheapest car insurance option for most North Carolina drivers. It charges an average monthly rate of $37 for minimum coverage and $70 for full coverage.
What is the average cost of car insurance in North Carolina?
On average, minimum-coverage car insurance costs $46 a month in North Carolina. The average cost of full-coverage insurance is $88.
Who has the cheapest car insurance for drivers with bad credit?
Erie has the lowest car insurance rates for drivers with bad credit, offering them an average rate of $88 a month.
Methodology
The rates shown in this article are based on an analysis of more than 300,000 auto insurance quotes obtained from Quadrant Information Services for sample drivers from across North Carolina.
Unless otherwise noted, our sample driver is a single 35-year-old with good credit. All sample drivers own a 2012 Honda Accord LX that they drive for an average of 13,500 miles per year.
Our senior base driver is a 65-year-old male with a good driving record. Our young base driver is an 18-year-old male with a good driving record.
Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by the state.
Full-coverage policies include the following coverages, limits and deductibles:
- Bodily injury liability: $100,000 limit per person/$300,000 limit per accident
- Property damage liability: $100,000 limit
- Collision: $500 deductible
- Comprehensive: $500 deductible
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