Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in North Carolina: Best Companies & Quotes
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Joanna is an expert on understanding how the different laws and regulations in the car insurance industry shape the way that policies work.
Best Car Insurance Companies in North Carolina
- North Carolina Farm Bureau
- State Farm
|Geico||Progressive||Erie||North Carolina Farm Bureau||State Farm||Nationwide|
|AM Best Financial Strength Rating||A++||A+||A+||A||A++||A+|
|JD Power 2019 Overall Customer Satisfaction score||3/5||3/5||5/5||4/5||5/5||2/5|
|Avg Annual Premium||$236||$276||$442||$452||$475||$632|
|Consumer Reports Reader Score||78||75||86||N/A||78||N/A|
Auto Insurance Statistics in North Carolina
Auto insurance rates in places like Charlotte, North Carolina have been substantially lower than the national average for many years. Drivers in the state of North Carolina can enjoy taking advantage of these low auto insurance rates when taking out car insurance policies.
Top 10 Cheapest Car Insurance Companies in North Carolina
|Rank||Company Name||Avg. Annual Premium|
|1||NC Farm Bureau||$852|
|10||GMAC Insurance Group||$1,041|
Drunk Driving Fatalities
Comparing the rate of drunk driving in North Carolina with national averages can help you get an idea as to the level of risk you take on while driving in the state. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in North Carolina vs. nationwide.
Drunk driving fatalities in North Carolina from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in North Carolina is right up there with the nation’s high rate of 24%. This data shows that just as many teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics compare the percentage of North Carolina teens who are drinking and driving related to national averages.
Teen Drinking & Driving in North Carolina vs. Nationwide (2017)
SR-22 Insurance in North Carolina
In most cases, North Carolina residents that are caught operating a vehicle while under the influence, or driving a car without insurance, will be required to purchase an SR-22 insurance policy and file it with the state. If you do not have any previous driving infractions, you will generally not need an SR-22 form in North Carolina.
For those who do need to purchase an SR-22 insurance policy, you must make sure that it has been filed and processed with the North Carolina DMV before you are able to legally operate a vehicle again. You must also meet all other conditions of retaining your license.
For those who do need to purchase an SR-22 policy, make sure to verify the best rates on the market before buying a policy.
Car Theft in North Carolina
Car theft in North Carolina has remained consistently below the national average. This means that drivers in the state have to worry less about their vehicles being stolen in comparison to other states. By finding out about the rate of car theft in North Carolina including popular cities like Charlotte, drivers will have a more comprehensive understanding of the level of risk they take while driving and owning a car in the state.
Vehicle thefts by rank nationwide vs. North Carolina
Uninsured Motorists in North Carolina
Driving without auto insurance coverage in North Carolina can leave you having to pay out of pocket in an accident. To protect against this, it is recommended to carry uninsured and underinsured motorist coverage in the event that an uninsured driver hits you. The below data shows how well North Carolina ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
Check Your Credit
You might already pay very little for your car insurance in North Carolina, but you can pay less if you have better credit. Check your score. If it’s low, see what you can fix. There might be mistakes on your credit report you can have removed by disputing them with the credit bureau. If they’re legitimate mistakes, it’s not difficult to do this. It takes approximately 30 days to have a mistake removed from your report, so don’t wait to get started.
Check the Crime Rate
If you are in the process of buying a home or looking for a new place to live, check the crime rate. People who live in a neighborhood where the crime rate is higher are going to pay more for their car insurance. The cars in these areas are more likely to end up needing insurance assistance because they’re more commonly stolen and damages in break-ins. Additionally, if the area is one without much economic relief, the chance of more people without insurance living there increases. In turn, this increases what you pay for your insurance.
No one is advising you to get married just because you want to have a lower insurance payment, but it does help if you are about to get married or you’re recently married. You qualify for lower rates based on the fact you’re a less risky driver once you get married. This is likely because married couples are more cognizant of being safe because they have someone else to think about other than themselves.
If you belong to a national organization with an insurance discount policy, check to see if you qualify for a discount. This could be anything from a women’s organization to a Lion’s Club to AAA. Take a look at AAA insurance reviews. Ask your insurance company if you qualify for any discounts if you show them proof of your membership to any of these organizations.
Your Payment Options
Did you know how you pay for your insurance affects your rate? You can opt to pay monthly or in advance. Paying in advance the entire premium is less expensive. This is because your insurance company offers a small discount for people who do this. It’s a great way to save a few dollars and still pay your premium. You can also opt out of paper statements. This is a way to save a few dollars every month. Since a few dollars every month often adds up to significant payments over the course of a year, it’s big savings.
The more policies you have together, the more you save on them. You can add your home and life insurance policies to your auto insurance and save a bundle. Call your insurance company to see what they can offer you in terms of savings when you do this. You might be surprised just how much more you can pocket each month when you make one payment for all your insurance needs. Learn more about how to bundle home and auto insurance in our full article about the topic.
It’s not always easy to get the best rates if you’re a risky driver or have bad credit, but there is always a way to lower your payment even a little. Even if you can only get a discount of $5 per month using one of these methods, it’s $60 per year you get to put back in your pocket. That’s excellent savings for anyone who wants to get back on track financially.
Types of Auto Insurance Coverage in North Carolina:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Requirements For Car Insurance in North Carolina
There are minimum requirements for car insurance in the state of North Carolina. According to The North Carolina Department of Insurance, it is mandatory to have liability coverage as well as uninsured/underinsured coverage for every registered driver who is operating a vehicle in the state.
Liability Coverage minimums for the state of North Carolina:
- $25,000 for property damage
- $30,000 per individual to cover bodily injury or death
- $60,000 per accident involving bodily injuries or deaths
Source: North Carolina Department of Insurance
Cheap Auto Insurance Discounts
At CheapAutoInsurance.co, we want you to save as much as you can on your car insurance rates. This is why we have put together a list of the most common types of auto insurance discounts available. Browse the list below to find some of the auto insurance discounts listed that can help you to save on the cost of car insurance in North Carolina each year.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Information on North Carolina’s Auto Insurance
Here, you will find the need-to-knows of the car insurance industry in the state.
What is the minimum auto insurance coverage in North Carolina?
Who sets the guidelines in NC for car insurance?
How long can I stay on my parent's car insurance policy in NC?
In NC auto insurance, when can I remove my child?
How long can you go without high risk car insurance in NC?
How long does a car accident stay on your insurance record in NC?
In this section, everything related to the costs of insurance – including discounts and rationale behind costs themselves – would be tackled.
How much is car insurance in NC?
How much is car insurance in NC for a new driver?
Who has the cheapest auto insurance in NC?
Why is North Carolina car insurance cheap?
Why did my car insurance go up here in North Carolina?
How do I get discounts on my car insurance premium in NC?
How much is car insurance in Maine compared to NC?
Why has auto liability insurance cost increased in NC?
How do you pay less for your car insurance in North Carolina?
How will an unsafe movement charge effect my NC auto insurance rate?
How much more is motorcycle insurance than car in NC?
Getting and Cancelling your Auto Insurance
All your concerns about getting and cancelling your auto insurance based on your most frequently asked questions would be discussed here.
How do I get a car insurance in NC?
What documents do you need to get a car insurance in NC?
How much car insurance do I need in North Carolina?
How do I get car insurance in NC for my license?
Why do I need auto insurance to get NC license if I don't have a car?
How do I transfer my car auto insurance to NC?
How do I get a license without car insurance in North Carolina?
How long do you have to get insurance after buying a used car in NC?
In NC, how long do I have to change insurance to a new car?
How do I get insurance on a car with just the bill of sale in NC?
Where can I go to get photos of my car for my insurance company in North Carolina?
When do you have to get insurance after buying a car in NC?
How do I remove someone from my NC auto insurance policy that I no longer can contact or find?
How do I cancel my auto insurance in North Carolina?
What do you do first when you get a new car in NC, get it inspected or put car insurance on it?
How do I get classic car insurance in NC?
Auto Insurance Lapses
When your budget is tight, it may become a bigger policy that your policy lapses. What happens, then? Find out below.
In NC, if my auto insurance is not paid on due date, how long before insurance lapses?
What happens when your auto insurance lapses in NC?
What are the fees issued on your car registration after an insurance lapse in NC?
What is the grace period for car insurance in NC Farm Bureau?
What is the NC DMV’S penalty for not having car insurance?
Accidents, Claims, and Other Related Concerns
How would your car insurance protect you when an accident happens? Find that out and more in this section.
How does statute of limitations work on car insurance settlements in NC?
How do I fight insurance company on totaled car in NC?
How are insurance points assessed in NC for auto claims?
What happens with insurance when your car is totaled and you still owe the lender on Farm Bureau, NC?
How long do you have to settle a car insurance claim in North Carolina?
In NC, my car damage is more than my car is worth. What will the insurance company do?
Someone hit my car in NC but doesn’t have insurance, what do I do?
When you are in a car accident in NC, what extra money can you request from your insurance company?
What kind of insurance do I need if I get a DUI?
Anything we haven’t covered yet? You might find them here. From rental car concerns to reporting auto insurance company violations, we will answer all of these.