The average cost of full coverage car insurance in North Carolina is $1,325 per year, which is much lower than the U.S. national average of $1,674.
Even a single accident could cause your car insurance premiums to go up as much as 350%. Remember, your geographical location plays a role. The higher the number of claims, thefts, and other incidents within your geographic area, the higher the rates for each resident.
What Is the Average Premium in North Carolina for Full Coverage Car Insurance?
North Carolina drivers pay an average premium of $1,325/$110 a year/month for full coverage insurance. The price of premiums paid for car insurance depends on several factors, including age, claims history, participation in safe driving programs (e.g., defensive driving courses), and safe driving behaviors (e.g., driving less than 7,500 miles a year and installing anti-lock brakes).
Full coverage car insurance is generally divided into three types: comprehensive, collision, and bodily injury. Comprehensive liability covers damages due to theft, vandalism, extreme weather, and other non-collision-related factors. Collision liability pays for damages caused by a collision with another vehicle, such as a fender bender, or another object. Lastly, bodily injury liability covers medical bills for injuries and deaths.
We highly recommend increasing liability limits and reducing deductibles (e.g., to $500 from $1,000 or more). In exchange for a little extra paid per month, drivers can enjoy peace of mind knowing an accident is likely to result in little or no out-of-pocket expenses.
How Much Is It for Just the Minimum Required Car Insurance in North Carolina?
The average cost of North Carolina’s minimum required insurance is $34 a month. This will pay for the other driver’s costs if you are at fault in an accident – up to your policy limits. In many cases, that means there will be outstanding bills you will be required to pay – for the other driver and not to mention your own damages and injuries.
How Do Rates Compare Across Major Cities in North Carolina?
In North Carolina, rates vary from city to city. Drivers in less populated, more rural areas may not pay as much as drivers in congested cities.
Here is a comparison of car insurance rates by cities and zip codes in North Carolina.
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.