The Cheapest Car Insurance Quotes In Charlotte, NC For 2024

In Charlotte, Erie stands out as the most affordable option, offering an average rate of $28 per month.

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Updated: 01 April 2024
Written by
Bob Phillips
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When searching for the most budget-friendly car insurance in Charlotte, NC, options can vary, but Erie stands out for its competitive rates. On average, residents can obtain car insurance for approximately $28 per month, significantly below the state’s average of $90.

For those specifically seeking the most affordable liability-only coverage, Erie emerges as the top choice. Meanwhile, drivers seeking more comprehensive protection will find that Progressive offers the best rates for full coverage policies, priced at $64 a month. Additionally, Progressive provides the cheapest rates for young drivers, starting at $52 per month.

Cheapest Car Insurance Companies In Charlotte, NC

Cheapest Car Insurance, Charlotte, NC

Our Methodology

Utilizing a thorough analysis that encompasses various aspects such as customer service ratings, product options, pricing, and a comprehensive evaluation of various online review sites and user experiences, I've developed a detailed understanding of the landscape of car insurance providers in Charlotte, NC. This perspective is informed by over 15 years of personal involvement in the industry as a licensed insurance agent. It includes numerous interactions with representatives from various companies and insights gained from firsthand experience.

65

Quotes Analyzed

15+

Years of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Charlotte, NC?

Erie provides the most affordable car insurance in Charlotte, NC, with coverage available for $110 per month.

As illustrated in the table below, these rates are notably lower than the average rates in both the State of North Carolina and the United States as a whole.

Area Average Monthly Rate
National $152
North Carolina $90
Charlotte, NC $110

It’s important to consider that the average national cost incorporates both high-cost states like New York, New Jersey, and California, as well as low-cost states such as Mississippi, Kentucky, and Wyoming. Rates can fluctuate based on various factors, including the type of vehicle, coverage amount, zip code, driving record, and more. Therefore, insurance rates vary by location and individual circumstances.

Cheapest Car Insurance Rates In Charlotte For Young Adults

Progressive offers the cheapest quotes for young adults in Charlotte. Rates are around $52 a month.

Provider Average Monthly Cost Average Annual Cost
Progressive $52 $622
GEICO $75 $898
Kemper $120 $1,438
Allstate $118 $1,414
State Farm $55 $658

In New Carolina, young adult drivers typically benefit from lower car insurance rates compared to their teenage counterparts. This discrepancy in pricing is attributed to the maturation of driving habits and a corresponding decrease in risk-taking behaviors as drivers age.

Statistically, young adults are less likely to file claims with insurance companies, a factor that reflects a reduction in accident involvement. Consequently, insurers adjust premiums downward, recognizing the improved safety records and decreased likelihood of claims from these more experienced drivers

Cheapest Car Insurance Rates In Charlotte For Full Coverage

Progressive has the cheapest car insurance rates for full coverage. Their quotes average $64 a month in Charlotte.

Provider Average Monthly Cost Average Annual Cost
Progressive $64 $766
GEICO $137 $1,642
Farm Bureau $68 $814
Allstate $195 $2,338
State Farm $65 $778

Full coverage car insurance provides an all-encompassing protective umbrella that goes beyond the basic coverage mandated by law. This insurance typically merges comprehensive and collision coverages.

Comprehensive coverage safeguards against non-collision incidents, including theft, vandalism, or natural events, while collision coverage ensures financial protection for vehicle damages due to accidents, without regard to the responsible party.

Cheapest Car Insurance Rates In Charlotte For Minimum Coverage

Erie is the cheapest car insurance company for minimum coverage in Charlotte, with an average monthly cost of $28.

Provider Average Monthly Cost Average Annual Cost
Erie $28 $334
Progressive $42 $500
GEICO $43 $514
Nationwide $48 $574
State Farm $49 $581

The minimum car insurance policy should have at least the following:

  • $30,000 for bodily injury per person
  • $60,000 for bodily injury per accident
  • $25,000 for property damage per accident

Having minimum car insurance provides you with some protection while on the road, but it does not include collision or comprehensive insurance, which means damages to your own vehicle in the event of an accident or other incidents like theft and natural disasters won’t be covered.

Driving without insurance is also illegal in North Carolina. Your inability to show proof of insurance during a traffic stop may result in various penalties. These may range from being fined to having your license suspended or worse.

Cheapest Car Insurance Rates In Charlotte For Seniors

State Farm quotes average $40 a month, the cheapest car insurance rates for seniors in Charlotte

Provider Average Monthly Cost Average Annual Cost
State Farm $40 $478
GEICO $92 $1,095
National General $93 $1,107
Mercury $101 $1,213
Allstate $104 $1,249

In North Carolina, many seniors may find advantageous car insurance rates, influenced by a range of beneficial factors. Although age is typically a factor in insurance rate determinations, with older age sometimes associated with decreased driving ability, this stereotype does not hold true for all.

Cheapest Car Insurance Rates In Charlotte For Teenagers

Teenage drivers in Charlotte can find the cheapest quotes from State Farm, with average monthly premiums of $124.

Provider Average Monthly Cost Average Annual Cost
State Farm $124 $1,486
GEICO $255 $3,058
Nationwide $430 $5,158
Farm Bureau $138 $1,654
Allstate $444 $5,326

Teenage drivers often face the most expensive car insurance premiums, and this is predominantly due to their inexperience behind the wheel. Insurance providers consider these young motorists to be a high-risk category because they are statistically more prone to be involved in accidents and commit traffic infractions.

Cheapest Car Insurance Rates In Charlotte For Good Drivers

Good drivers in Charlotte can find the cheapest car insurance quotes from Erie, at around $28 a month.

Provider Average Monthly Cost Average Annual Cost
Erie $28 $334
Progressive $42 $500
GEICO $43 $514
Nationwide $48 $574
State Farm $49 $581

Drivers with clean driving records in Charlotte typically receive lower car insurance rates because they’re perceived as lower risk. Insurance companies use driving records as a way to gauge how safely a person drives. Fewer incidents, like accidents or traffic violations, suggest that the driver is cautious and less likely to file a claim.

Since insurers base their rates on the likelihood of a driver making a claim, a spotless driving record can lead to significant savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and, consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Charlotte For Drivers With Prior Incidents

In Charlotte, drivers with records of traffic violations, including accidents, speeding, or DUIs, often face difficulties obtaining affordable car insurance. Such driving infractions lead insurance companies to label them as high-risk, a designation that comes with the expectation of a greater chance of filing future insurance claims.

Consequently, insurance providers adjust their rates upward for these individuals to mitigate the risk of incurring higher claim payouts.

Cheapest Car Insurance Rates In Charlotte For Drivers With A Speeding Ticket

Progressive is very cheap compared to other companies. The company offers average rates of $78 a month.

Provider Average Monthly Cost Average Annual Cost
Farm Bureau $81 $970
Erie $95 $1,138
Geico $194 $2,326
Progressive $78 $934
State Farm $80 $958

Cheapest Car Insurance Rates In Charlotte For Drivers With An At-Fault Accident

Erie offers the cheapest car insurance quotes for drivers with an at-fault incident, with an average rate of $70 per month.

Provider Average Monthly Cost Average Annual Cost
Farm Bureau $96 $2,375
Nationwide $282 $3,218
Erie $70 $3,242
Progressive $93 $4,897
State Farm $96 $6,717

Cheapest Car Insurance Rates In Charlotte For Drivers After A DUI

Progressive is the company with the cheapest rates for drivers after a DUI. They offer Charlotte drivers average monthly premiums of $224.

Provider Average Monthly Cost Average Annual Cost
Progressive $224 $2,686
Erie $269 $3,286
State Farm $319 $3,623
Farm Bureau $337 $4,042
Allstate $407 $5,059

Best Car Insurance Companies In Charlotte

For drivers in Charlotte, choosing the right car insurance company is as much about finding affordable rates as it is about securing reliable protection on the road. Shown below are the top 10 car insurance companies in Charlotte, NC, ranked by the average monthly rate they offer.

Company Monthly Premium
North Carolina Farm Bureau $88
Utica National $92
Travelers $96
GMAC $102
Direct Auto $57
National General $84
Auto-Owners $90
State Farm $93
Nationwide $100
Erie $82

Average Car Insurance Rates By Age In Charlotte

Age Average Yearly Rate
Teenagers $2,024
20s $1,258
30s $1,282
40s $1,054
50s $898
60s $1,018
70s $1,006

Age is a significant factor in determining car insurance rates. Generally, younger drivers, particularly teens and young adults, face higher insurance premiums due to their inexperience and statistically higher likelihood of accidents and traffic violations. As drivers reach the age of 25, their rates typically start to decrease, assuming a clean driving record.

The most favorable insurance rates are often found for drivers in their 50s and early 60s. Insurance companies use age as a metric to gauge driving experience and risk potential, influencing the cost of premiums accordingly.

Average Car Insurance Rates By Vehicle Type In Charlotte

Vehicle Average Monthly Rate
Chevrolet Trailblazer $45
Toyota Rav4 $117
Buick Enclave $75
Kia Forte $298
Porsche Macan $107

The type of vehicle you drive significantly influences your car insurance costs. Factors such as the make, model, year, and body type of the car are all taken into account by insurance companies. Typically, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

Conversely, older cars or those less expensive to repair or replace may attract lower premiums. Insurers consider these aspects because they directly impact the potential cost of claims – for instance, repairs for a high-end car are generally more costly than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In North Carolina?

City Average Monthly Rate
Fayetteville $104
Greensboro $93
Greenville $93
Indian Trail $108
Asheville $68
Cary $80
Chapel Hill $73
Raleigh $95
Durham $92
Concord $96

The city where you live indeed has a substantial impact on your car insurance rates. Insurance companies consider several factors related to your location, such as the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This elevated risk frequently results in higher insurance premiums.

FAQs

Who has the lowest car insurance rates in Charlotte?

The lowest car insurance rates in Charlotte are offered by Erie for the minimum coverage required by the State of North Carolina and Progressive for full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Charlotte?

The average cost of car insurance in Charlotte is about $110 per month. Rates will vary based on your zip code, year and model of car, driving record, etc.

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