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The best cheap car insurance in North Carolina


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Summary List Placement 

North Carolina drivers will typically see fairly affordable car insurance premiums, but there are still some ways to save.

Shopping around for your auto insurance coverage is the best way to save and get the best coverage for your money.
USAA generally offers the best rates, but requires military service for eligibility.
Check out our partner Savvy — a free tool that lets you compare car insurance quotes in minutes  »

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Car insurance in North Carolina is fairly affordable. According to the Insurance Information Institute, the average driver spends about $700 per year on premiums. That’s much less than the national average of $935 per year. 

But, North Carolina drivers have a big opportunity to save if they’re willing to shop around. Auto insurance costs can vary widely from person to person, and there are many factors that go into them.

Things like your age, gender, and your credit score can all influence your premium, or the amount you’ll pay for coverage. Each company uses a different formula to consider these factors into your price, so you’ll want to get a few different quotes to see which company offers you the best price. 

That said, there are a few companies that offer excellent rates in North Carolina. Here are a few to help you start your search. 

The most popular car insurance companies in North Carolina

The following are the most popular car insurance companies in North Carolina, based on the percentage of insured North Carolina drivers who use them:

Company
Market share (%)

State Farm
14.14

GEICO
12.86

National General
10.28

Nationwide
9.98

North Carolina Farm Bureau
9.73

Allstate
8.03

USAA*
7.77

Progressive
7.3

Erie Insurance
4.07

Liberty Mutual
2.84

Sentry
1.61

Travelers
1.48

Auto-Owners Insurance
1.45

MetLife
1.29

Amica
0.76

Auto Club Insurance Association
0.75

Discovery Insurance Co.
0.72

Kemper
0.65

Penn National Insurance
0.65

The Cincinnati Insurance Co
0.57

*USAA is only for active military, veterans, and their families.

Data from S&P Global Intelligence

The best car insurance in North Carolina based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Southeast region (which includes North Carolina):

Farm Bureau Insurance TN
Erie Insurance
Alfa Insurance
GEICO
Auto-Owners Insurance
North Carolina Farm Bureau
Kentucky Farm Bureau
Region Average
Progressive
Allstate 
Safeco
State Farm
Farmers
National General
Nationwide
Travelers
Liberty Mutual
MetLife

The best cheap car insurance in North Carolina based on credit score

Consumer Reports compiled a list of all car insurance pricing formulas from all companies in every state. It used an average single adult driver to find the best pricing in each state, and found that three companies came out on top for three different credit levels. Here are the three best companies and their average price for coverage:

Drivers with excellent credit, FICO score 800-850, will see some of the best average rates on car insurance.

GEICO Government Employees car insurance: $591 per year
USAA car insurance: $685 per year
North Carolina Farm Bureau car insurance: $740 per year

Drivers with good credit, FICO score 670-739, will see the best coverage from these three companies, on average:

GEICO Government Employees car insurance: $623 per year
USAA car insurance: $773 per year
North Carolina Farm Bureau car insurance: $864 per year

Those with poor …read more

Source:: Business Insider

      

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