Finding cheap car insurance in Charlotte, North Carolina can be tough. The city’s rates are higher than both state and national averages. But, there are some top insurers offering great deals to Charlotte drivers. Erie Insurance, Nationwide, North Carolina Farm Bureau, National General, and Geico are some of the best choices. They provide quality coverage at prices below average for both minimum and full coverage.
Key Takeaways
- The average cost of full coverage car insurance in Charlotte is $1,274 per year, $190 above the state average.
- Erie Insurance offers the lowest average rate for full coverage in Charlotte at $859 per year.
- North Carolina requires minimum liability coverage of $30,000/$60,000 bodily injury and $25,000 property damage.
- Drivers in Charlotte pay an average of $106 per month, $16 higher than the state average.
- Rates can vary significantly by ZIP code, with the 28269 ZIP code averaging $1,106 and the 28207 ZIP code averaging $1,170.
Top Car Insurance Companies in Charlotte
Looking for the best car insurance in Charlotte, North Carolina? Several top providers are worth considering. Erie Insurance, Nationwide, North Carolina Farm Bureau, National General, and Geico stand out. They offer affordable options for drivers in Charlotte, with rates that fit the local market well.
Erie Insurance
Erie Insurance is known for great customer service and affordable prices. It has a MoneyGeek score of 83 out of 100. Erie is the cheapest for minimum coverage in Charlotte, at $392 a year. It’s also top-ranked for claims and affordability, making it a favorite in Charlotte.
Nationwide
Nationwide is a leading provider in Charlotte, with an average annual premium of $733 for full coverage. It scores 77 out of 100 on MoneyGeek and offers the cheapest minimum coverage at $295 a year.
North Carolina Farm Bureau
North Carolina Farm Bureau is a reliable and affordable choice for Charlotte drivers. It has a MoneyGeek score of 77 out of 100 and an annual premium of $858. The company is known for its strong reputation and customer satisfaction.
National General
National General is another top insurer in Charlotte, with an average annual premium of $1,165. It’s not the cheapest, but its MoneyGeek score of 70 out of 100 for customer service and 79 out of 100 for affordability make it a good option for many drivers.
Geico
Geico is a well-known national insurer in Charlotte. With an average annual premium of $1,011, Geico offers a mid-range option for reliable coverage.
These top car insurance companies in Charlotte offer a variety of affordable and reliable options. By comparing rates and customer satisfaction, Charlotte residents can find the best insurance for their needs.
Average Car Insurance Rates in Charlotte
In Charlotte, North Carolina, car insurance costs vary a lot based on coverage levels. The average cost for minimum coverage is $54 a month or $646 a year. This is about 3% more than the national average. Full coverage costs $155 a month or $1,863 a year, which is 7% less than the national average.
Minimum Coverage Rates
North Carolina requires liability insurance, which covers damages to others in an accident. In Charlotte, this basic coverage costs $54 a month or $646 a year. This is a bit more than the state average of $56 a month.
Full Coverage Rates
For more protection, full coverage insurance in Charlotte averages $155 a month or $1,863 a year. This includes liability, collision, and comprehensive coverage. Even though it’s higher than the national average, it’s lower than the state average.
| Coverage Type | Average Cost per Month | Average Cost per Year |
|---|---|---|
| Minimum Coverage | $54 | $646 |
| Full Coverage | $155 | $1,863 |
Charlotte’s minimum coverage rates are a bit above the national average. But full coverage costs are lower here. This means drivers in Charlotte might find better deals on comprehensive coverage than in other areas.
Cheapest Minimum Coverage Car Insurance in Charlotte
Charlotte drivers looking for the cheapest car insurance have some great options. Erie Insurance is a top choice, offering rates as low as $34 per month or $405 yearly.
Nationwide is also a good choice, with rates around $37 per month or $449 yearly. Other affordable options include North Carolina Farm Bureau, National General, and Geico. These companies are among the best for minimum liability insurance in Charlotte.
| Provider | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Erie Insurance | $34 | $405 |
| Nationwide | $37 | $449 |
| North Carolina Farm Bureau | $41 | $493 |
| National General | $42 | $505 |
| Geico | $44 | $529 |
With options from Erie and Nationwide, Charlotte drivers can find the cheapest minimum coverage car insurance charlotte. They also get the best minimum liability insurance charlotte without spending too much.
Cheapest Full Coverage Car Insurance in Charlotte
Finding the cheapest full coverage car insurance in Charlotte, North Carolina, is easy with several top insurers. Erie Insurance leads with average monthly rates of just $98 or $1,173 per year.
Other great options include North Carolina Farm Bureau, Geico, and Nationwide. They offer full coverage for about $128, $131, and $141 a month, respectively. These companies are known for their affordable rates in Charlotte.
| Insurance Provider | Average Monthly Full Coverage Rate | Average Annual Full Coverage Rate |
|---|---|---|
| Erie Insurance | $98 | $1,173 |
| North Carolina Farm Bureau | $128 | $1,536 |
| Geico | $131 | $1,572 |
| Nationwide | $141 | $1,692 |
For the cheapest full coverage car insurance in Charlotte, look at Erie, Farm Bureau, Geico, and Nationwide. They are the top choices for affordable and competitive rates. By comparing them, drivers in Charlotte can find great protection at a good price.
“Erie Insurance, North Carolina Farm Bureau, Geico, and Nationwide offer the most affordable full coverage car insurance policies in Charlotte, with average monthly rates ranging from $98 to $141.”
Charlotte Car Insurance Rates by Age
In Charlotte, North Carolina, the cost of car insurance changes a lot with age. Younger and older drivers usually pay more for coverage. This is a big factor in the price.
Teen Drivers
Teenagers in Charlotte pay the most for car insurance, about $170 a month or $2,044 a year for basic coverage. They pay more because they don’t have much driving experience and are more likely to have accidents.
Drivers in Their 20s
When drivers hit their 20s, car insurance costs go down in Charlotte. They pay around $58 a month or $696 a year on average. This age group is seen as less risky, so they pay less.
Middle-Aged Drivers
For middle-aged drivers in Charlotte, insurance costs keep falling. Those in their 30s and 40s get the lowest rates. They have more driving experience and are less likely to have accidents.
Senior Drivers
But, for drivers over 65 in Charlotte, insurance rates start to go up again. Older drivers might have slower reflexes and vision issues, making them more at risk for accidents.
When looking for car insurance in Charlotte, it’s smart to compare prices from different companies. Some, like State Farm, Erie Insurance, Nationwide, and National General, offer good deals for all ages.
Charlotte Car Insurance Rates by Credit Score
In Charlotte, your credit score greatly affects your car insurance rates. Drivers with lower scores pay more because they’re seen as higher risk. Those with excellent credit can get coverage for less money.
According to data from Bankrate, Nationwide has the cheapest coverage for drivers with poor credit, costing about $45 a month or $541 a year. Other good options for those with less-than-perfect credit are Erie Insurance, Farmers, and Progressive.
Credit has a big effect on car insurance rates in Charlotte. MoneyGeek’s data shows drivers with excellent credit can save up to 40% on full coverage compared to those with poor credit. This shows why keeping a good credit score is key when looking for car insurance in Charlotte.
| Credit Score | Average Annual Premium | Monthly Premium |
|---|---|---|
| Excellent (800-850) | $1,440 | $120 |
| Good (700-799) | $1,560 | $130 |
| Fair (600-699) | $1,800 | $150 |
| Poor (500-599) | $2,040 | $170 |
Keeping a good credit score is key for Charlotte drivers wanting the cheapest car insurance rates. Knowing how credit affects premiums helps you make better choices and could save you hundreds a year on insurance.
“Your credit score is a big factor in what insurance companies charge in North Carolina. Drivers with poor credit can pay up to 40% more for insurance than those with excellent credit.”
Charlotte car insurance Rates for High-Risk Drivers
Having violations on your driving record can really affect your car insurance rates in Charlotte, North Carolina. A speeding ticket can increase your rates by about 103%. An at-fault accident can raise them by 132%. And a DUI can make your rates jump by a huge 422%.
This makes finding affordable auto insurance hard for many drivers in Charlotte. But, some companies like National General, Erie Insurance, and Nationwide might offer better rates for high-risk drivers. By comparing quotes, you could find coverage that suits your budget and driving history.
Rates After a Speeding Ticket
A speeding ticket can increase your car insurance rates in Charlotte by about 103%. So, if you were paying $1,000 a year before the ticket, you might now pay around $2,030.
Rates After an At-Fault Accident
Being in an at-fault accident can really raise your car insurance rates in Charlotte. Rates can go up by 132% on average, making your yearly premium jump from $1,000 to $2,320.
Rates After a DUI
A DUI conviction can severely impact your car insurance rates in Charlotte. Rates can increase by 422% on average, pushing your annual premium from $1,000 to about $5,220.
Keeping a clean driving record is key to keeping your auto insurance rates in Charlotte low. By driving responsibly and avoiding violations, you can ensure you get the best coverage for your needs.
Charlotte Car Insurance Rates by ZIP Code
Car insurance rates in Charlotte, North Carolina, change a lot based on where you live. The cheapest area is ZIP code 28269, which costs about 17% less than the city average. On the flip side, ZIP code 28215 is the priciest, costing about 17% more than the average. These differences come from things like accidents, crime, and traffic in each area.
The average car insurance cost in 28269 is $1,106 a year. In 28207, it’s $1,170 a year on average. This shows why it’s key to look into different insurance options based on where you live in Charlotte to get the best deal.
Knowing about car insurance rates by ZIP code helps drivers make better choices. It lets you find affordable coverage that fits your needs. Whether you’re new to Charlotte or have lived here a long time, checking out the insurance options can help you save money on your car insurance.
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