Finding affordable car insurance in Raleigh, North is easy by comparing quotes from top companies. Erie Insurance, Nationwide, North Carolina Farm Bureau, State Farm, and National General offer car insurance rates that are lower than the city average. They also provide great customer service and quality coverage.
The average cost for minimum-coverage insurance in Raleigh is about $45 per month or $544 per year. This is 13% less than the national average. Full-coverage car insurance costs $134 per month or $1,613 per year on average. This is about 20% less expensive than the national average.
Key Takeaways
- Affordable car insurance options are available in Raleigh, NC from top providers like Erie, Nationwide, and State Farm.
- Minimum liability coverage in Raleigh averages $45 per month, 13% below the national average.
- Full-coverage car insurance in Raleigh costs about $134 per month, 20% less than the national average.
- Comparing quotes from multiple insurers is the best way to find the cheapest rates in Raleigh.
- Discounts such as multi-car, accident-free, and bundling can help drivers further reduce their car insurance costs in Raleigh.
Cheapest Car Insurance Companies in Raleigh NC
Looking for the cheapest car insurance in Raleigh, NC? Several top providers are worth checking out. Whether you need minimum coverage or full coverage, knowing the best options can help you save money.
Leading Providers for Minimum Coverage
Erie Insurance is a top choice for affordable minimum coverage car insurance in Raleigh, NC. Their rates are as low as $30 per month or $356 per year. Nationwide is also a great option, offering policies for about $34 per month or $413 per year.
Leading Providers for Full Coverage
For affordable full coverage car insurance in Raleigh, NC, Erie Insurance is the go-to. Their full coverage policies cost around $88 per month or $1,060 per year. State Farm, North Carolina Farm Bureau, and GEICO also offer competitive rates.
The cheapest car insurance in Raleigh, NC depends on many factors like your driving record, age, and credit score. By comparing quotes from different insurers, you can find the most affordable coverage for your needs.
“Finding the right car insurance in Raleigh, NC doesn’t have to break the bank. With a little research, drivers can uncover the most affordable options to fit their budget and coverage requirements.”
Average Car Insurance Costs in Raleigh NC
In Raleigh, North Carolina, car insurance costs vary by coverage level. The average cost for minimum coverage is about $45 a month or $544 a year. This is about 13% less than the national average.
For full-coverage car insurance, the average cost is $134 a month or $1,613 a year. This is around 20% less than the national average. So, Raleigh drivers pay less for their car insurance, no matter the coverage level.
| Coverage Type | Average Annual Cost | Average Monthly Cost | Comparison to National Average |
|---|---|---|---|
| Minimum Coverage | $544 | $45 | 13% less |
| Full Coverage | $1,613 | $134 | 20% less |
Raleigh drivers can save a lot on car insurance costs. By comparing quotes, they can find affordable coverage that fits their needs.
Minimum Insurance Requirements in North Carolina
In North Carolina, all drivers must have a certain level of car insurance. The state law sets the minimum insurance requirements. These include:
- $60,000 bodily injury liability per accident
- $30,000 bodily injury liability per person
- $25,000 property damage liability per accident
- $60,000 underinsured/uninsured motorist bodily injury coverage per accident
- $30,000 underinsured/uninsured motorist bodily injury coverage per person
- $25,000 underinsured/uninsured motorist property damage coverage per accident
If you don’t meet the north carolina minimum car insurance requirements, you could face serious penalties. These include losing your license, fines, and even jail time. North Carolina law treats driving without insurance as a crime.
Drivers in North Carolina can also choose to buy extra insurance coverages. These include collision, comprehensive, and medical payments insurance. These options offer more protection and financial security if you’re in an accident.
A recent report found the average cost of minimum coverage car insurance in North Carolina is $42 a month or $503 a year. Full-coverage insurance costs about $114 a month or $1,368 a year on average.
“Driving without proof of insurance in North Carolina is considered a class 3 misdemeanor and may result in consequences of up to 20 days of community punishment, probation, or jail time.”
It’s crucial for raleigh nc minimum car insurance requirements drivers to know and follow the state’s insurance laws. This helps avoid legal and financial problems. By having the right insurance, drivers in North Carolina can be ready for anything and protect their finances.
car insurance raleigh nc: Factors Affecting Rates
Car insurance rates in Raleigh, North Carolina, can change based on several factors. Knowing these can help you make better choices and find cheaper insurance. Let’s look at the main things that affect car insurance rates in Raleigh.
Age and Car Insurance Rates
Age is a big factor in car insurance rates in Raleigh. Young drivers, especially teens, usually pay more because they are less experienced and more likely to have accidents. Data shows that 16-year-old drivers in Raleigh pay about $144 a month or $1,731 a year for car insurance on average. But, some companies like State Farm, Erie Insurance, Nationwide, and National offer cheaper options for teens in the city.
Cheapest for Teen Drivers
- State Farm: Offers discounts and special programs for young drivers, helping to keep rates lower.
- Erie Insurance: Has competitive rates and extra discounts for teen drivers in Raleigh.
- Nationwide: Customizes its coverage and prices for younger drivers, making it a cheaper choice.
- National General: Provides affordable car insurance for teenage and young adult drivers in Raleigh.
By looking at these companies and their offers, young drivers in Raleigh can find ways to cut their car insurance costs.
“A driver with less than three years of driving experience may face a rate differential of up to twenty percent compared to a driver with three years of experience.”
As drivers get more experience, their insurance rates usually go down. This shows they are less risky for insurers. Keeping a good driving record and continuous coverage can also help young drivers in Raleigh get cheaper insurance over time.
Credit Score and Car Insurance Rates
In Raleigh, North Carolina, your credit score affects your car insurance rates. Insurance companies use your credit history to set premiums. Drivers with low scores pay more, while those with good scores pay less.
Our research shows Nationwide is the best choice for car insurance for drivers with poor credit in Raleigh. They offer policies starting at $42 a month or $499 a year. This is just 3% more than the average for good credit drivers.
| Insurance Provider | Average Monthly Cost (Minimum Coverage) Drivers with Poor Credit |
Average Monthly Cost (Minimum Coverage) Drivers with Good Credit |
|---|---|---|
| Nationwide | $42 | $41 |
| Erie | $60 | $53 |
| Travelers | $70 | $65 |
| Farmers | $80 | $72 |
| Penn National | $81 | $74 |
Credit scores are just one factor in setting insurance rates. Other factors include your age, driving history, vehicle type, and location in Raleigh. To find the best rates, compare quotes from different providers.
“Keeping a good credit score is key for the cheapest car insurance for bad credit raleigh nc. Companies see drivers with poor credit as higher-risk, so they charge them more.”
Driving History and Car Insurance Rates
In Raleigh, North Carolina, your driving history greatly affects your car insurance rates. Certain driving violations and accidents can lead to big increases in your premiums. Knowing how these factors impact your costs can help you make better choices and find cheaper coverage.
Rates After a Speeding Ticket
A speeding ticket in Raleigh can raise your car insurance rates by about 70%. Freeway says the best deal for drivers with a speeding ticket is Erie Insurance. They offer an average monthly rate of $47 or $569 per year.
Rates After an At-Fault Accident
An at-fault accident in Raleigh can increase your car insurance rates by about 96% on average. MarketWatch says Erie Insurance and North Carolina Farm Bureau are the cheapest for drivers with an at-fault accident. They offer average monthly rates of $107 and $118, respectively.
Rates After a DUI
A DUI conviction in Raleigh can greatly increase your car insurance rates, by about 337% on average. Freeway reports that National General is the cheapest option for drivers with a DUI. They offer an average monthly rate of $61 or $733 per year.
Keeping a clean driving record is key to keeping your car insurance costs low in Raleigh. By understanding how violations and accidents affect your rates, you can make better choices. This can help you find more affordable coverage that meets your needs.
Car Insurance Rates by ZIP Code in Raleigh
When looking at car insurance rates by zip code in Raleigh, NC, where you live matters a lot. The cost of insurance can change by up to 9.0% less or 10.9% more than the city average. This depends on the ZIP code you’re in.
The cheapest ZIP codes for car insurance in Raleigh are 27606, 27613, and 27615. These areas have average monthly rates from $41 to $43. On the flip side, ZIP codes 27610 and 27616 are the most expensive, with rates around $50.
| ZIP Code | Average Monthly Rate | Percentage Difference from City Average |
|---|---|---|
| 27606 | $41 | -9.0% |
| 27613 | $42 | -7.7% |
| 27615 | $43 | -5.5% |
| 27610 | $50 | 10.9% |
| 27616 | $50 | 10.9% |
Why do car insurance rates by zip code in Raleigh vary? It’s because of things like how many people live there, how often accidents happen, crime rates, and more. These factors help insurers figure out how much to charge. Knowing the cheapest car insurance by zip code in Raleigh helps drivers save money.
Compare Cheap Car Insurance Quotes in Raleigh
Are you a Raleigh, North Carolina resident looking for affordable car insurance? It’s smart to compare quotes from different providers to find the best deals. Raleigh’s auto insurance rates are 13% higher than the state average but 13% lower than the national average. This means it’s key to shop around and compare quotes to get the best deal.
To help you find cheap car insurance in Raleigh, NC, we’ve listed the top providers and their rates. By taking the time to compare cheap car insurance quotes raleigh nc, you can make sure you’re getting the affordable car insurance quotes raleigh nc that fit your budget and coverage needs.
Minimum Coverage Providers in Raleigh
- Erie Insurance: Around $30 per month for state-required minimum coverage
- Geico: Minimum coverage starting at $35 per month
- State Farm: Minimum coverage policies from $40 per month
Full Coverage Providers in Raleigh
- Nationwide: Full coverage policies starting at $88 per month
- Progressive: Full coverage options from $100 per month
- USAA: Full coverage for military families from $110 per month
| Provider | Minimum Coverage | Full Coverage |
|---|---|---|
| Erie Insurance | $30/month | $108/month |
| Geico | $35/month | $115/month |
| State Farm | $40/month | $120/month |
| Nationwide | $45/month | $88/month |
| Progressive | $48/month | $100/month |
| USAA | $42/month | $110/month |
The exact rates you’ll get can change based on your driving history, vehicle, age, and other factors. By comparing cheap car insurance quotes raleigh nc from various providers, you can find the affordable car insurance quotes raleigh nc that suit your needs and budget.
“We saved nearly $50 per month by comparing car insurance quotes and switching to State Farm.”- Raleigh Resident
Cheapest Car Insurance for Military Families
For military families in Raleigh, North Carolina, finding affordable car insurance is key. Luckily, many insurers offer special rates and coverage for those with military backgrounds.
The cheapest car insurance for military families in Raleigh is from Nationwide and Erie Insurance. Nationwide’s full coverage is about $655 a year, and Erie is close at $670. USAA is also great for military folks, offering great service and discounts for active-duty, veterans, and their families.
To get the best car insurance for military families in Raleigh, NC, compare quotes from different providers. Look at coverage levels, deductibles, and discounts for the military. This way, you can find the cheapest car insurance that fits your needs and budget.
“The most affordable car insurance providers for military families in Raleigh are Nationwide and Erie.”
Don’t just look at the low-cost options. Check out other insurers that might offer good rates for military members and their families in Raleigh, NC. By comparing several providers, you can make a smart choice and get the cheapest car insurance for your family.
Conclusion
Finding affordable car insurance in Raleigh is easy by comparing quotes from top companies. Companies like Erie Insurance, Nationwide, North Carolina Farm Bureau, State Farm, and National General offer good rates. The cost for minimum coverage is about $45 a month. Full coverage costs an average of $134 a month.
Age, credit score, and driving history affect car insurance rates in Raleigh. By comparing quotes, drivers can find the best coverage for their budget. With the right info and strategies, car insurance in Raleigh, NC can be affordable and comprehensive.
Understanding the local market and your own needs helps Raleigh drivers find the best car insurance. By using discounts, they can get cost-effective solutions for their protection needs.
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