Cheapest Car Insurance Quotes In Concord, NC For 2024

Erie is the most affordable choice in Concord, with an average monthly rate of $24.

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Updated: 28 March 2024
Written by
Bob Phillips
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When searching for the most economical car insurance in Concord, NC, the choices can differ significantly, but one company shines for its competitive prices: Erie. On average, locals can obtain car insurance for roughly $24 per month, which is notably lower than the state’s average of $90.

For individuals in need of the most inexpensive liability-only coverage, Erie emerges as the top choice. Meanwhile, motorists desiring more extensive protection discover that Progressive provides the most favorable rates for full coverage policies, priced at $60 a month. Additionally, Progressive offers the most budget-friendly rates for young drivers, at $48 per month.

Cheapest Car Insurance Companies In Concord, NC

Cheapest Car Insurance, Concord, NC

Our Methodology

Utilizing a comprehensive analysis that considers various factors including customer service ratings, product offerings, pricing, and thorough assessments of numerous online review platforms and user feedback, I've developed a detailed understanding of the car insurance provider landscape in Concord, NC. This perspective is grounded in over 15 years of direct involvement in the industry as a licensed insurance agent. It encompasses extensive interactions with representatives from diverse companies and insights derived from firsthand experiences.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Concord, NC?

Erie provides the most affordable car insurance in Concord, NC, with coverage available for $96 per month.

Comparing rates, it’s evident that prices are significantly below the average rates in both North Carolina and the entire United States, as illustrated in the table below:

Area Average Monthly Rate
National $152
North Carolina $90
Concord, NC $96

It’s important to note that the national average cost encompasses a wide range of states, from high-cost areas like New York, New Jersey, and California to low-cost regions such as Mississippi, Kentucky, and Wyoming. Rates are influenced by numerous factors including vehicle type, coverage amount, zip code, driving history, and more, leading to variations in costs based on location.

Cheapest Car Insurance Rates In Concord For Minimum Coverage

In Concord, Erie stands out as the most affordable car insurance provider for minimum coverage, offering an average monthly cost of $24.

Provider Average Monthly Cost Average Annual Cost
Erie $24 $286
Progressive $42 $500
GEICO $43 $514
Nationwide $48 $574
State Farm $49 $581

A minimum car insurance policy should include at least the following coverage:

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

Obtaining minimum car insurance offers some level of protection while driving, but it lacks collision or comprehensive coverage. This means damages to your own vehicle in accidents or incidents like theft and natural disasters won’t be covered.

Driving without insurance is illegal in North Carolina. Failing to provide proof of insurance during a traffic stop can lead to penalties, including fines, license suspension, or other repercussions.

Cheapest Car Insurance Rates In Concord For Full Coverage

Progressive offers the most affordable rates for full coverage car insurance in Concord, with quotes averaging $60 per month.

Provider Average Monthly Cost Average Annual Cost
Progressive $60 $718
GEICO $137 $1,642
Farm Bureau $68 $814
Allstate $195 $2,338
State Farm $65 $778

Full coverage car insurance offers comprehensive protection that extends beyond the basic requirements mandated by law. This type of insurance usually combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Concord For Seniors

State Farm offers the most affordable car insurance rates for seniors in Concord, with quotes averaging $38 per month.

Provider Average Monthly Cost Average Annual Cost
State Farm $38 $454
GEICO $92 $1,095
National General $93 $1,107
Mercury $101 $1,213
Allstate $104 $1,249

In North Carolina, numerous seniors may discover favorable car insurance rates, influenced by various beneficial factors. While age often plays a role in determining insurance rates, with older individuals sometimes perceived as having decreased driving abilities, this stereotype doesn’t apply universally.

Cheapest Car Insurance Rates In Concord For Teenagers

Teenage drivers in Concord can secure the most budget-friendly quotes from State Farm, with average monthly premiums of $122.

Provider Average Monthly Cost Average Annual Cost
State Farm $122 $1,462
GEICO $255 $3,058
Nationwide $430 $5,158
Farm Bureau $138 $1,654
Allstate $444 $5,326

Teenage drivers typically encounter the highest car insurance premiums, primarily because of their lack of experience on the road. Insurance providers classify these young drivers as high-risk due to statistics showing they are more likely to be involved in accidents and commit traffic violations.

Cheapest Car Insurance Rates In Concord For Young Adults

Progressive provides the most affordable quotes for young adults in Concord, with rates averaging around $48 per month.

Provider Average Monthly Cost Average Annual Cost
Progressive $48 $574
GEICO $75 $898
Kemper $120 $1,438
Allstate $118 $1,414
State Farm $55 $658

In North Carolina, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This difference in pricing is due to the maturation of driving habits and a corresponding decrease in risky behaviors as drivers age.

Statistically, young adults are less prone to filing claims with insurance companies, indicating a decrease in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Concord For Good Drivers

Erie offers the most affordable car insurance quotes for good drivers in Concord, typically averaging around $24 per month.

Provider Average Monthly Cost Average Annual Cost
Erie $24 $286
Progressive $42 $500
GEICO $43 $514
Nationwide $48 $574
State Farm $49 $581

In Concord, drivers with clean driving records generally receive lower car insurance rates because they’re seen as lower risk. Insurance companies assess driving records to gauge how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.

Since insurers determine rates based on the likelihood of a driver making a claim, a flawless driving record can result in significant savings on premiums. It boils down to risk assessment – the cleaner the record, the lower the perceived risk, and thus, the lower the insurance cost.

Cheapest Car Insurance Rates In Concord For Drivers With Prior Incidents

In Concord, drivers with records of traffic violations, including accidents, speeding, or DUIs, frequently encounter challenges in securing affordable car insurance. Such driving infractions prompt insurance companies to categorize them as high-risk, implying a higher likelihood of filing future insurance claims.

As a result, insurance providers raise their rates for these individuals to offset the risk of facing higher claim payouts.

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

Progressive stands out for its affordability compared to other companies, offering average rates of $78 per 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 Concord For Drivers With An At-Fault Accident

For drivers with an at-fault incident on their record, Erie provides the most economical car insurance quotes, 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 Concord For Drivers After A DUI

Progressive offers the most budget-friendly rates for drivers with a DUI on their record in Concord, with 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 Concord

For drivers in Concord, selecting the appropriate car insurance company involves finding both affordable rates and reliable protection while on the road. Listed below are the top 10 car insurance companies in Concord, 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 Concord

Age Average Yearly Rate
Teenagers $1,798
20s $1,258
30s $1,282
40s $1,054
50s $898
60s $1,018
70s $1,006

Age plays a crucial role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their lack of experience and statistically higher probability of accidents and traffic violations. As drivers reach 25 years old, their rates typically begin to decline, assuming they maintain a clean driving record.

The most advantageous insurance rates are frequently offered to drivers in their 50s and early 60s. Insurance companies utilize age as a measure to assess driving experience and risk, thereby adjusting premium costs accordingly.

Average Car Insurance Rates By Vehicle Type In Concord

Vehicle Average Monthly Rate
Nissan Altima $154
Chevrolet Cruze $97
BMW 328 $55
Chevrolet Trailblazer $60
Mitsubishi Mirage $157

The type of vehicle you drive plays a significant role in determining your car insurance costs. Insurance companies consider factors such as the make, model, year, and body type of the car. Generally, newer vehicles, particularly 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 take these aspects into account because they directly impact the potential cost of claims – for example, repairs for a high-end car are typically more expensive 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
Indian Trail $108
Greensboro $93
Greenville $93
Charlotte $110
Asheville $68
Cary $80
Chapel Hill $73
Raleigh $95
Durham $92
Fayetteville $104

The city where you live has a notable influence on your car insurance rates. Insurance companies evaluate several factors associated with your location, including the probability of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Concord?

In Concord, the most affordable car insurance rates for the minimum coverage required by the State of North Carolina are offered by Erie. Meanwhile, for full coverage, which includes comprehensive and collision coverage, Progressive provides the lowest rates.

What is the average cost of car insurance in Concord?

The average cost of car insurance in Concord is approximately $96 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant considerations.

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