Cheapest Car Insurance Quotes In Raleigh, NC For 2024

Nationwide is the most affordable option in Raleigh, with an average monthly rate of $26.

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Updated: 31 March 2024
Written by
Bob Phillips
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When searching for the most affordable car insurance in Raleigh, NC, options can vary, but Nationwide 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 cheapest liability-only coverage, Nationwide emerges as the top choice. Meanwhile, for drivers seeking more comprehensive protection, Nationwide offers the best rates for full coverage policies, priced at $62 a month. Additionally, Progressive offers the most budget-friendly rates for young drivers, starting at $50 per month.

Cheapest Car Insurance Companies In Raleigh, NC

Cheapest Car Insurance, Raleigh, NC

Our Methodology

Utilizing a comprehensive analysis that includes factors such as customer service ratings, product options, pricing, and a thorough evaluation of various online review sites and user experiences, I've developed an in-depth understanding of the landscape of car insurance providers in Raleigh, NC. This perspective is informed by over 15 years of personal involvement in the industry as a licensed insurance agent. Through numerous interactions with representatives from various companies and firsthand experiences, I've gained valuable insights into the nuances of car insurance in the area.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Raleigh, NC?

Nationwide provides the most economical car insurance in Raleigh, NC, with coverage available for $95 per month.

Comparatively, its rates are notably lower than 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
Raleigh, NC $95

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 vary by location due to factors such as vehicle type, coverage amount, zip code, driving record, and more. Therefore, actual rates may differ significantly depending on your specific location and circumstances.

Cheapest Car Insurance Rates In Raleigh For Seniors

State Farm offers the most affordable car insurance rates for seniors in Raleigh, with an average of $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 encounter favorable car insurance rates due to various beneficial factors. While age often plays a role in determining insurance rates, the stereotype of older age being associated with decreased driving ability doesn’t apply universally.

Cheapest Car Insurance Rates In Raleigh For Minimum Coverage

Nationwide offers the most affordable car insurance for minimum coverage in Raleigh, with an average monthly cost of $26.

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

The minimum car insurance policy should include at least the following coverages:

  • $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 offers some protection while on the road, covering liability for injuries and property damage caused to others. However, it does not include collision or comprehensive insurance, which 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, and failure to provide proof of insurance during a traffic stop can result in penalties ranging from fines to license suspension or other serious consequences. It’s crucial to maintain the required insurance coverage to comply with state laws and ensure financial protection in case of accidents.

Cheapest Car Insurance Rates In Raleigh For Full Coverage

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

Provider Average Monthly Cost Average Annual Cost
Nationwide $62 $742
GEICO $137 $1,642
Farm Bureau $68 $814
Allstate $195 $2,338
State Farm $65 $778

Full coverage car insurance provides comprehensive protection that extends beyond the basic coverage required by law. This insurance typically combines comprehensive and collision coverages.

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

Cheapest Car Insurance Rates In Raleigh For Young Adults

Progressive provides the most affordable quotes for young adults in Raleigh, 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 often enjoy lower car insurance rates compared to their teenage counterparts. This difference in pricing is due to the development of driving habits and a decrease in risk-taking behaviors as drivers age.

Statistically, young adults are less likely to file claims with insurance companies, indicating a decrease in accident involvement. As a result, insurers typically reduce premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Raleigh For Teenagers

Teenage drivers in Raleigh can secure the most affordable 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 group because they statistically have a higher likelihood of being involved in accidents and committing traffic infractions.

Cheapest Car Insurance Rates In Raleigh For Good Drivers

Good drivers in Raleigh can obtain the most affordable car insurance quotes from Nationwide, with rates averaging around $26 per month.

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

Drivers with clean driving records in Raleigh generally enjoy lower car insurance rates because they’re viewed as lower risk by insurance companies. Insurers use driving records as a gauge of 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.

Insurance rates are determined based on the likelihood of a driver making a claim. Therefore, a spotless driving record can result in significant savings on premiums. It all comes down to risk assessment: the cleaner the record, the lower the perceived risk, and consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Raleigh For Drivers With Prior Incidents

In Raleigh, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, frequently encounter challenges in obtaining affordable car insurance. These driving infractions lead insurance companies to categorize them as high-risk drivers, anticipating a greater likelihood of filing future insurance claims.

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

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

Erie provides the most budget-friendly 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 Raleigh For Drivers After A DUI

Progressive offers the most affordable rates for drivers after a DUI in Raleigh, 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 Raleigh

When selecting a car insurance company in Raleigh, NC, it’s crucial to find affordable rates while ensuring reliable protection on the road. Below are the top 10 car insurance companies in Raleigh, 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 Raleigh

Age Average Yearly Rate
Teenagers $1,818
20s $1,258
30s $1,282
40s $1,054
50s $898
60s $1,018
70s $1,006

Age plays a significant role in determining car insurance rates. Generally, 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 offered to 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 Raleigh

Vehicle Average Monthly Rate
Acura ILX $145
Nissan Sentra $93
Nissan Pathfinder $89
Honda Hr-V $93
Dodge Dart $136

The type of vehicle you drive has a significant impact on your car insurance costs. Insurance companies consider 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 take these factors into account because they directly affect the potential cost of claims – for example, repairs for a high-end car are generally 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
Fayetteville $104
Greensboro $93
Greenville $93
Charlotte $110
Asheville $68
Cary $80
Chapel Hill $73
Indian Trail $108
Durham $92
Concord $96

The city where you live has a notable influence on your car insurance rates. Insurance companies evaluate various factors related to your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which are generally higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Raleigh?

Nationwide provides the lowest car insurance rates in Raleigh for both the minimum coverage required by the State of North Carolina and full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Raleigh?

The average cost of car insurance in Raleigh is approximately $95 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 variables.

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