Drivers in Wilmington pay about $1,072 a year for full coverage car insurance. This is a bit less than the state average in North Carolina, which is $1,084 a year. To save even more, it’s smart to compare rates before choosing a policy. By shopping around, you can make sure you’re getting the best deal on car insurance.
Policygenius is a great tool to help you see what different companies offer. This way, you can pick the policy that fits your needs and budget.
Key Takeaways
- Wilmington drivers pay an average of $1,072 per year for full coverage car insurance, slightly less than the statewide average for North Carolina.
- Comparing rates from top car insurance providers like Geico, State Farm, and Erie can help Wilmington drivers find the most affordable coverage.
- Using online tools like Policygenius can make it easier to quickly compare car insurance quotes in Wilmington.
- Factors like age, driving history, and credit score can impact car insurance rates in Wilmington.
- Residents of different Wilmington ZIP codes may pay slightly more or less for car insurance compared to the city average.
Top Auto Insurance Companies in Wilmington
When looking for affordable car insurance in Wilmington, NC, several top providers shine. They offer competitive rates, wide coverage options, and great customer service. This makes them the top picks for Wilmington drivers looking for the best auto insurance companies.
State Farm
State Farm is a giant in auto insurance, trusted by many. They offer affordable car insurance to Wilmington residents. They’re especially good for teen drivers and offer coverage that fits your needs.
Geico
GEICO is a top car insurance provider in Wilmington, known for its easy-to-use website and many discounts. Wilmington drivers can get affordable coverage with GEICO, especially if they drive safely or use usage-based insurance.
Erie Insurance
Erie Insurance is one of the best auto insurance companies for Wilmington drivers. It offers great value and makes customers happy. MoneyGeek named Erie the best car insurance provider in Wilmington, with the cheapest options for full and minimum coverage.
Nationwide
Nationwide is a top car insurance provider in Wilmington for many types of drivers, even those with past offenses. They offer affordable insurance and flexible options. This helps Wilmington residents find policies that fit their budget and needs.
Progressive
Progressive is another affordable car insurance company in Wilmington, NC. It’s known for its easy-to-use online tools and new coverage options. Wilmington drivers can use Progressive’s quick quoting and discounts to find the best auto insurance for them.
By comparing quotes and using discounts, Wilmington drivers can find affordable car insurance that covers what they need. These top insurers offer many options. This ensures Wilmington drivers can find the best auto insurance companies for their unique needs.
Average Car Insurance Rates in Wilmington
In Wilmington, North Carolina, car insurance costs vary by coverage level. The average cost of car insurance for minimum coverage is about $540 a year. This is 14% less than the national average. For full coverage, costs are around $1,510 a year, which is 25% lower than the national average.
Minimum Coverage Rates
Wilmington’s minimum coverage rates are quite affordable. Drivers pay an average of $45 a month or $540 a year. This is a big saving compared to the national average of $52 a month or $625 a year for minimum coverage.
Full Coverage Rates
For full coverage car insurance in Wilmington, the average annual cost is $1,510, or $126 per month. This is about 25% less expensive than the national average of $2,008 per year or $167 per month for full coverage. Some of the cheapest options for full coverage in Wilmington include Erie Insurance at $641 per year and Nationwide at $680 per year.
| Coverage Type | Average Annual Cost in Wilmington, NC | Average Annual Cost Nationally |
|---|---|---|
| Minimum Coverage | $540 | $625 |
| Full Coverage | $1,510 | $2,008 |
By comparing average minimum and full coverage rates in Wilmington, North Carolina, drivers can make informed decisions about the right level of car insurance protection for their needs and budget.
Cheapest Minimum Coverage in Wilmington
Looking for the cheapest auto insurance in Wilmington, NC? Two companies are at the top. Erie Insurance has the lowest rates, at $29 per month or $348 yearly. Nationwide is close behind, with rates of $35 per month or $416 yearly for basic coverage.
Our research shows the best car insurance companies for basic coverage in Wilmington, NC, are:
- Nationwide – $280 per year
- Erie – $332 per year
These companies offer the minimum coverage needed in North Carolina. This includes $30,000 for injury to one person, $60,000 for an accident, and $25,000 for damage to property. Choosing this coverage lets drivers in Wilmington save money while still meeting the law.
“Getting the cheapest liability car insurance in Wilmington, NC, is key for those on a budget. It ensures they follow the state’s rules without spending too much.”
If you’re a new driver, a senior, or just want to save on insurance, check out these top choices. They can help you find the best deal in Wilmington.
Cheapest Full Coverage in Wilmington
Finding the affordable full coverage auto insurance in Wilmington, North Carolina, is easy with several options. Erie Insurance offers the cheapest comprehensive and collision car insurance at $82 per month or $980 annually.
Other top choices for cheapest car insurance companies for a full coverage policy are Erie and Nationwide. They cost $641 and $680 per year, respectively. This is much lower than the average full coverage cost of $1,887 annually or $157 monthly.
| Insurance Company | Average Annual Full Coverage Rate | Average Monthly Full Coverage Rate |
|---|---|---|
| Erie | $641 | $53 |
| Nationwide | $680 | $57 |
Wilmington drivers can save by comparing quotes from different insurers. Your driving history, credit score, and coverage choices affect your premium. So, it’s key to look at all your options.
“The difference between the cheapest and most expensive car insurance in North Carolina is $1,463 per year.”
auto insurance wilmington nc: Rates by Age Group
In Wilmington, North Carolina, car insurance rates change a lot with age. Young drivers, especially teens and early 20-somethings, pay more because they’re less experienced and more likely to have accidents.
16-year-olds in Wilmington pay about $143 a month or $1,716 a year for insurance. As they get into their 20s, insurance costs go down. People in their 30s and 40s usually pay the least. But, rates start to go up again in the 50s because of health issues.
| Age Group | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| 16-19 years old | $143 | $1,716 |
| 20-29 years old | $105 | $1,260 |
| 30-49 years old | $89 | $1,068 |
| 50-64 years old | $95 | $1,140 |
| 65+ years old | $102 | $1,224 |
To get the cheapest auto insurance for different age groups in Wilmington, NC, compare quotes from many providers. Your driving history, the type of car you drive, and your credit score can change your insurance rates. Knowing these things helps you pick the best coverage for your needs.
Cheap Car Insurance for Teens in Wilmington
Finding affordable car insurance for teenage drivers in Wilmington can be tough. But, some insurance companies offer better deals for young drivers in the area.
Family Plans vs. Individual Plans
Adding your teen to a family policy can save you money on car insurance. Family plans usually cost less and offer more discounts. They’re a good choice if you have multiple drivers and cars in your household.
Our research shows State Farm is the cheapest for teenage drivers in Wilmington. They offer coverage as low as $76 a month or $910 a year. Erie Insurance, Nationwide, and National General also have good rates for young drivers.
| Insurance Company | Average Monthly Rate for Teens | Average Annual Rate for Teens |
|---|---|---|
| State Farm | $76 | $910 |
| Erie Insurance | $82 | $985 |
| Nationwide | $89 | $1,070 |
| National General | $92 | $1,105 |
By looking at family plan options, Wilmington teens can find great auto insurance at good prices.
Car Insurance Rates for High-Risk Drivers
Getting a speeding ticket, causing an accident, or getting a DUI can raise your car insurance rates in Wilmington, NC. These actions can lead to higher premiums. It’s important to know how this affects your wallet.
Rates for Drivers with Speeding Tickets
A speeding ticket can increase your insurance by 69%. Erie Insurance has the best rates for speeding tickets, at about $46 a month or $555 a year.
Rates for Drivers with At-Fault Accidents
An accident can raise your insurance by up to 94%. Erie Insurance and North Carolina Farm Bureau offer the cheapest rates for drivers with accidents. They charge around $46 and $53 a month, respectively.
Rates for Drivers with DUIs
A DUI can greatly increase your insurance costs, by about 333%. But National General is a good choice for Wilmington drivers with a DUI. They offer rates of $64 a month or $767 a year.
Knowing how risky driving affects your insurance in Wilmington, NC helps you make smart choices. This way, you can keep your premiums low.
Car Insurance Rates by Credit Score
In Wilmington, North Carolina, car insurance companies often look at credit scores to set premiums. Drivers with low credit scores pay more for insurance. Those with better scores pay less.
Erie Insurance is the cheapest for drivers with poor credit in Wilmington. They offer basic policies starting at $42 a month or $500 a year. This is just 4% more than what good credit drivers pay for basic coverage.
| Insurance Provider | Average Annual Rates for Drivers with Poor Credit | J.D. Power Rating |
|---|---|---|
| Erie Insurance | $500 | 893 |
| Farm Bureau | $786 | N/A |
| Utica National | $885 | N/A |
| GEICO | $886 | 874 |
| State Farm | $904 | 882 |
If you’re a Wilmington driver with poor credit, Erie Insurance is a great choice. They offer the cheapest car insurance and have high customer satisfaction ratings.
Car Insurance Rates by ZIP Code
Where you live can greatly affect your car insurance rates in Wilmington, North Carolina. [https://www.carinsurance.com/Articles/car-insurance-rate-comparison.aspx]Car insurance costs change based on the claim rates in different areas. Some ZIP codes in Wilmington can be up to 0.4% cheaper or 0.4% more expensive than the city average.
Our research shows the cheapest ZIP codes for car insurance in Wilmington are 28412 ($45 per month/$538 per year) and 28403 ($45 per month/$543 per year). Drivers in these areas often have fewer accidents and claims. This leads to lower premiums.
| ZIP Code | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| 28412 | $45 | $538 |
| 28403 | $45 | $543 |
On the other hand, some ZIP codes in Wilmington have higher average car insurance prices. This is because of factors like more people, accidents, and weather. Knowing how car insurance prices vary by ZIP can help drivers in Wilmington find the best deals.
“Your location significantly impacts your car insurance rate, with insurers analyzing data like vandalism reports, car thefts, and claim totals based on your zipcode.”
Conclusion
In Wilmington, North Carolina, finding affordable auto insurance is possible. The city’s rates are higher than the state average. But, by comparing quotes from providers like Erie Insurance and Nationwide, drivers can find good deals.
Looking for minimum or full coverage? It’s important to shop around. Your age, driving history, and credit score affect the rates you get. By being informed and proactive, Wilmington residents can find the best auto insurance for their needs.
Wilmington faces severe weather like hurricanes, making good insurance crucial. A reliable policy gives drivers peace of mind and financial protection. This way, drivers can confidently navigate Wilmington’s diverse landscape.
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