Cheapest Car Insurance Quotes In Fayetteville, NC For 2024

Erie is the most affordable choice in Fayetteville, with an average monthly rate of $26.

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Updated: 28 March 2024
Written by
Bob Phillips
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When searching for the most budget-friendly car insurance in Fayetteville, NC, options can vary, but Erie stands out for its competitive rates. On average, residents can obtain car insurance for about $26 per month, significantly lower than the state’s average of $90.

For those interested in the most economical liability-only coverage, Erie is the top choice. Conversely, drivers seeking more comprehensive protection may find Progressive offers the best rates for full coverage policies, priced at $62 a month. Additionally, Progressive provides the most affordable rates for young drivers, at $50 per month.

Cheapest Car Insurance Companies In Fayetteville, NC

Cheapest Car Insurance, Fayetteville, NC

Our Methodology

Leveraging a comprehensive analysis encompassing various aspects including customer service ratings, product options, pricing, and a thorough assessment of numerous online review platforms and user experiences, I've developed a detailed understanding of the landscape of car insurance providers in Fayetteville, NC. This perspective is informed by over 15 years of personal involvement in the industry as a licensed insurance agent. It incorporates extensive interactions with representatives from diverse companies and insights gleaned from firsthand experiences.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Fayetteville, NC?

Erie provides the most affordable car insurance in Fayetteville, NC, with coverage available for $104 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
Fayetteville, NC $104

It’s important to consider that the average national cost of car insurance encompasses 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 vary significantly based on factors including vehicle type, coverage amount, zip code, driving record, and more.

Cheapest Car Insurance Rates In Fayetteville For Minimum Coverage

In Fayetteville, Erie stands out as the most affordable car insurance provider for minimum coverage, offering an average monthly cost of $26.

Provider Average Monthly Cost Average Annual Cost
Erie $26 $310
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 doesn’t include collision or comprehensive insurance. 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 Fayetteville For Seniors

State Farm offers the most affordable car insurance rates for seniors in Fayetteville, 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 Fayetteville For Full Coverage

Progressive offers the most budget-friendly car insurance rates for full coverage in Fayetteville, with quotes averaging $62 per month.

Provider Average Monthly Cost Average Annual Cost
Progressive $62 $742
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 Fayetteville For Young Adults

Progressive provides the most affordable quotes for young adults in Fayetteville, with rates averaging around $50 per month.

Provider Average Monthly Cost Average Annual Cost
Progressive $50 $598
GEICO $75 $898
Kemper $120 $1,438
Allstate $118 $1,414
State Farm $55 $658

In North Carolina, young adult drivers typically enjoy lower car insurance rates compared to their teenage counterparts. This difference 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, indicating a reduction in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Fayetteville For Teenagers

Teenage drivers in Fayetteville 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 due to their lack of experience behind the wheel. Insurance providers classify these young motorists as a high-risk category because they are statistically more likely to be involved in accidents and commit traffic infractions.

Cheapest Car Insurance Rates In Fayetteville For Good Drivers

For good drivers in Fayetteville, Erie offers the most affordable car insurance quotes, typically averaging around $26 per month.

Provider Average Monthly Cost Average Annual Cost
Erie $26 $310
Progressive $42 $500
GEICO $43 $514
Nationwide $48 $574
State Farm $49 $581

Drivers with clean driving records in Fayetteville usually receive lower car insurance rates because they are perceived as lower risk. Insurance companies use driving records to assess 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.

Insurers determine rates based on the likelihood of a driver making a claim, so a spotless driving record can result in significant savings on premiums. It’s all about risk assessment – the cleaner the record, the lower the perceived risk, and therefore, the lower the insurance cost.

Cheapest Car Insurance Rates In Fayetteville For Drivers With Prior Incidents

In Fayetteville, drivers with records of traffic violations, including accidents, speeding, or DUIs, often encounter challenges in obtaining affordable car insurance. Such driving infractions lead insurance companies to classify them as high-risk, indicating a greater 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 Fayetteville For Drivers With A Speeding Ticket

Progressive offers very competitive rates compared to other companies, with 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 Fayetteville For Drivers With An At-Fault Accident

For drivers with an at-fault incident, Erie provides the most affordable car insurance quotes in Fayetteville, 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 Fayetteville For Drivers After A DUI

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

For drivers in Fayetteville, selecting the right car insurance company involves finding both affordable rates and reliable protection while on the road. Below are the top 10 car insurance companies in Fayetteville, 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 Fayetteville

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 is indeed a significant factor 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 likelihood of accidents and traffic violations. As drivers reach the age of 25, their rates typically begin to decrease, assuming they maintain a clean driving record.

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

Average Car Insurance Rates By Vehicle Type In Fayetteville

Vehicle Average Monthly Rate
Chrysler Sebring $87
Honda Accord $278
Lexus RX $62
Kia Soul $208
Nissan Pathfinder $123

The type of vehicle you drive significantly influences your car insurance costs. Insurance companies take into account factors such as the make, model, year, and body type of the car. 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 example, 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
Indian Trail $108
Greensboro $93
Greenville $93
Charlotte $110
Asheville $68
Cary $80
Chapel Hill $73
Raleigh $95
Durham $92
Concord $96

The city where you live has a significant impact on your car insurance rates. Insurance companies evaluate various factors related to your location, such as the likelihood of accidents, vehicle theft, and vandalism rates, which are typically higher in urban areas. This increased risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Fayetteville?

The lowest car insurance rates in Fayetteville are provided 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 Fayetteville?

The average cost of car insurance in Fayetteville is approximately $104 per month. However, rates can vary based 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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