Greatest Low cost Automotive Insurance in Excessive Level for 2021 – Bankrate.com
In 2020, there were 8,878 car accidents in High Point, North Carolina. In order to protect your financial obligations in the event of an accident, car insurance is required by law. The average annual cost of auto insurance at High Point is $ 434 for minimum coverage and $ 1,271 for full insurance. We made our picks for the best auto insurance in High Point based on Quadrant Information Services average rates, discounts, and J.D. Power ratings highlighted.
The best auto insurance in High Point
Drivers who want the best auto insurance in High Point should consider Erie, State Farm, Geico, and Allstate. These four providers are some of the best auto insurance in North Carolina. In addition, they offer affordable rates, great discounts, good coverage options, and strong financial stability ratings.
|insurance company||J.D. Power score||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Geico||843/1000||$ 261||$ 770|
|District farm||859 / 1,000||$ 300||$ 857|
|Erie||874 / 1,000||$ 408||$ 1,117|
|Allstate||838 / 1,000||$ 476||$ 1,445|
Based on our sample listings, Geico has some of the cheapest auto insurance available in High Point. For most drivers, the rewards are well below the citywide average, and the company has an impressive list of discounts for additional savings. Some of the discounts available through Geico include savings for military personnel, emergency response, federal employees, good students, employer / member groups, and many others.
State Farm holds more than 16% of the total market share, making it the largest auto insurance company in the country. State Farm is a great option for high point drivers who want discounts to get a lower rate. In addition, State Farm has a Safe Driver Rewards Program for – Drive Safe & Save – for drivers over 25. Of all the vendors we reviewed, State Farm also offers one of the best multi-policy discounts.
Erie is led by J.D. Power consistently rated highly for overall customer satisfaction. The company is known for its low prices, great discounts, and extensive coverage. With any auto insurance, drivers have the option to add accident forgiveness, a no longer deductible, new car replacement insurance, pet injury insurance, a rate lock guarantee, and other perks. Erie also offers a handful of standard discounts.
Allstate at High Point insurance rates are above average, but there are plenty of discounts to help you get a lower rate. Allstate offers the potential savings on insuring a new car, signing up for AutoPay, being a responsible payer, being a smart student, and more. Allstate also offers some recommendations for bespoke coverage, including new car replacement, accident forgiveness, custom equipment coverage, and roadside assistance.
Cheapest car insurance in High Point
High Point drivers pay less for full insurance annually than the average driver in North Carolina, but they pay more for minimum insurance. For comparison, the average cost of auto insurance in North Carolina is $ 1,325 per year for full insurance.
When buying car insurance, it can be helpful to look at the average rates from different providers. Note, however, that car insurance rates are personalized. For comparison purposes, we've included a table showing the average cheapest car insurance rates in High Point from the most popular providers based on market share:
|insurance company||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Geico||$ 261||$ 770|
|District farm||$ 300||$ 857|
|Nationwide||$ 357||$ 1,274|
|Erie||$ 408||$ 1,117|
|Allstate||$ 476||$ 1,445|
The cheapest auto insurance in North Carolina offers the lowest rates, but they all have advantages and disadvantages. Even if you are buying insurance on a tight budget, it is important to consider other factors in addition to price.
If you want to customize your policy with endorsements, check out Erie, Allstate, or Nationwide. Geico and State Farm have limited coverage options. If you're looking for discounts, all five providers offer generous savings potential. However, the actual discounts available vary, so you'll need to compare providers to see which one you qualify for.
In terms of third party reviews, these providers are all over the map. In the latest car insurance study by J.D. Power, State Farm and Erie were the only companies rated above average in the southeast region. Geico, Allstate, and Nationwide received below average ratings, which means the customer experience may not be that great.
High Point Insurance Requirements
Car insurance is required by law at High Point. Drivers must take out at least 30/60/25 liability insurance as well as uninsured and underinsured motorist insurance that includes the following:
- $ 30,000 liability per person
- $ 60,000 personal injury liability per accident
- $ 25,000 property damage liability per accident
- $ 30,000 liability for uninsured drivers per person
- $ 60,000 liability for uninsured drivers per accident
- $ 25,000 uninsured motorist property damage liability per accident
- $ 30,000 motorist liability insurance per person
- $ 60,000 liability for underinsured drivers per accident
A security bond, $ 85,000 bond with the State Treasurer, or a certificate of auto insurance (only if more than 25 cars are registered) may also satisfy Financial Responsibility Act.
Drivers at High Point can legally drive with a minimum insurance policy. However, there is no guarantee that minimum coverage will cover your full financial responsibility in the event of an accident. Additionally, drivers who have a car loan or lease are often required by their lenders to purchase fully comprehensive insurance that includes collision and comprehensive coverage.
Auto insurance discounts at High Point
You can find auto insurance discounts from most auto insurance companies in High Point. Note, however, that each provider offers unique savings. Here are some of the discounts you can get in High Point:
- Pay full discount: If you pay your annual premium in advance and in one amount, you can receive a small discount on your premium.
- Good student discount: High school and college students who have a minimum GPA (usually “B” or higher) may qualify for a discount.
- No claim discount: If you don't have any recent claims or accidents on your record, you may be able to get a discount on your premium.
- AutoPay discount: Drivers who sign up for automatic payments may receive a small discount on their insurance premium.
Regarding the discounts in car insurance, you should know that each one offers a different potential for savings. In addition to these discounts, drivers at High Point can get a lower rate by increasing their credit score or their deductible, provided that it does not present financial difficulties.
frequently asked Questions
What is the best car insurance?
The best car insurance is different for every driver, so it is important to compare providers based on personal criteria. When it is time to start your search, check out some of the providers that have received top marks from Bankrate such as USAA, Amica, Allstate, Geico, and Nationwide.
How Much Auto Insurance Do I Need in High Point?
Drivers at High Point are required by law to take out minimum liability insurance as well as uninsured and underinsured motorist insurance. However, you can consider increasing your coverage limits for more protection or switching to fully comprehensive insurance that is collision-free and comprehensive.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability per accident
- $ 50,000 property damage liability per accident
- $ 100,000 personal injury to an uninsured driver per person
- $ 300,000 personal injury to an uninsured driver per accident
- $ 500 deductible in case of collision
- $ 500 deductible
In order to set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of the individual states. Our example drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes can be different.