2021 Finest Low-cost Automobile Insurance In North Carolina – Motley Idiot
North Carolina drivers must purchase auto insurance. It is for their protection and the protection of others. The best auto insurance companies know that drivers come in all shapes and sizes. Some have perfect driving records (and are rewarded for doing so) while others have driving history that make it difficult to find cheap car insurance in North Carolina. Here we've broken down North Carolina car insurance laws, minimum car insurance requirements, and the best North Carolina car insurance companies.
- Cheapest for a typical driver: Erie
- Best for a driver who has been involved in an accident: Erie
- The cheapest for seniors over 65: Nationwide
- Cheapest for military personnel: Geico
- The cheapest for a driver who is looking for a minimum coverage: nationwide
Cheapest for a typical driver
A "typical" driver is someone with a clean driving record: no accidents, parking tickets or DUIs. The cheapest North Carolina auto insurance for a typical driver is offered by Erie at an average annual rate of $ 1,028.
Right behind that come with cheap car insurance:
- Geico, at an average annual rate of $ 1,059
- Integon National, priced at $ 1,115
- Car Owners with an Average Annual Premium of $ 1,143
Best for a driver who has been involved in an accident
The best place to find affordable North Carolina auto insurance with an accident on your file is Erie, with an average annual rate of $ 1,622.
Second and third most affordable auto insurance in North Carolina are:
- Integon National, priced at $ 1,699
- Car Owners with an Average Annual Premium of $ 1,790
Cheapest for seniors over 65
Seniors over 65 years of age are rewarded for years of driving experience. The best auto insurance in North Carolina for seniors is Nationwide with an average annual premium of $ 975.
Other North Carolina auto insurance contenders include:
- Erie at an average annual rate of $ 1,009
- Geico, at an annual rate of $ 1,018
- Integon National with an average annual premium of $ 1,119
- Car Owners with a Competitive Price of $ 1,126
Cheapest for military personnel
When it comes to the military and their families, Geico is North Carolina's insurance master with an average annual premium of $ 976.
Also worth considering are:
- Erie, at an annual rate of $ 1,028
- Integon National at an average annual rate of $ 1,115
Most affordable for a driver looking for minimal coverage
For motorists looking for affordable civil liability insurance in North Carolina, Nationwide offers minimum coverage for an average annual rate of $ 330.
Other carriers that offer cheap auto insurance to motorists in North Carolina include:
- Erie, at a low annual rate of $ 353
- Car owners who offer minimum coverage for $ 359
- Geico with an average annual premium of $ 370
Average North Carolina Car Insurance Costs Compared to the National Average
Insurance in North Carolina is a relative bargain. With a statewide median rate of $ 1,595, North Carolina residents pay 65% below the national median. If you're wondering, "How much is North Carolina auto insurance?" The answer is "less than the majority of the country".
North Carolina auto insurance laws
North Carolina's motor insurance laws are strictly enforced, according to the state's DMV website. As soon as driver insurance expires, the DMV sends a notification to the registered owner of the vehicle. The owner has 10 days to respond to the communication. Otherwise, the license plate number, penalties, late fees and interest may be withdrawn. For example, the penalty for the first mistake is $ 50. For the second it's $ 100. Each subsequent failure will cost you $ 150 each. And that if the driver is not stopped, a ticket is issued and legal costs are faced.
North Carolina Minimum Coverage Requirements
The minimum car insurance in North Carolina is as follows:
- $ 30,000 per person and $ 60,000 per accident in personal liability insurance
- $ 25,000 in property damage liability insurance
- $ 30,000 per person and $ 60,000 per accident for uninsured bodily harm caused by a motorist
- $ 25,000 for uninsured / underinsured property damage to motorists
How To Get Cheap Auto Insurance In North Carolina
When looking for North Carolina car insurance quotes, you may find how much the premiums vary by company. One way to lower your premium is to look for discounts. Another is to bundle your coverage with other types of insurance (e.g. homeowners). Finally, it pays to have a strong credit rating. Studies have shown that people with high credit scores tend to have fewer accidents and parking tickets. That means they pose less of a risk to insurance companies. If your creditworthiness is not quite what you want it to be, you can take steps to improve your insurance premiums.
When you've found a car insurance that you like, check out the discounts available and request as many as you can.
The number of possible discounts on auto insurance varies by insurance company, but taking the time to go through the options can save you money. Here are some of the ways you can save money:
- Good student discount
- Defensive driver discount
- Deposit discount
- Outside of school discount
- Professional discount
- Alumni discount
- Discount for professional organizations
- Discount on security features
- Usage-dependent discount
- Discount for multiple cars
- Discount for multiple policies
Other things to consider when looking for auto insurance in North Carolina
Once a North Carolina auto insurance expires, it won't be long before the DMV hears about it. This is because North Carolina law requires insurance companies to notify the Division of Motor Vehicles if liability insurance is canceled or coverage expires.