The average cost of car insurance in North Carolina is significantly lower than the national average. The most reliable way to save is to compare car insurance quotes before buying or renewing an auto insurance policy. The cheapest states for car insurance are Iowa, Vermont and Nebraska, according to the WalletHub cheap car insurance study. With this information, Insurify can provide drivers with information on how companies set the price of their auto insurance premiums.
Coverage options in the state of Tar Heel vary in their breadth, and include state minimum liability coverage for bodily injury and property damage, comprehensive coverage, collision coverage, and full-coverage car insurance. The table below provides a summary of the average annual premium increase for a North Carolina insured with a single speeding, accident, or DUI ticket on their record. Researching all insurance options before buying or renewing a policy increases your chances of getting lower insurance premiums. Drivers who are denied auto insurance in the voluntary market due to credit problems, drunk driving, or other factors can apply for coverage through the North Carolina Reinsurance Service.
In addition to the population and the number of uninsured drivers, other factors affecting car insurance costs include state laws, crime rates, and special weather hazards. The analysis included 5 to 10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. If you regularly drive a vehicle that you don't own, you may be a good candidate for car insurance for people who don't own them. Car insurance is a major purchase, but finding cheap car insurance in North Carolina isn't always easy.
In North Carolina, the most expensive places for insurance are Gastonia, Fayetteville and Charlotte. North Carolina insurers can use your credit scores as the only reason to discount your premiums, so having good credit can help you save money. In reality, car insurance in North Carolina isn't very expensive compared to the national average, thanks to its mostly rural population and state laws that create insurance limits. North Carolina insurance providers use their own methodologies for calculating insurance rates, but the most common factors considered are driving history, credit history, marital status, age, gender, type of coverage, type of vehicle, location in the state, discount eligibility, fixed deductible, and more.