No matter where you live, auto insurance rates can vary widely from one company to another. To help you find the cheapest car insurance in Charlotte, North Carolina, we at the Home Media reviews team will examine rates from the most popular auto insurance companies and break down the factors that affect coverage prices. When you’re ready to shop for a policy, we suggest comparing free quotes from several of the best car insurance companies.
Cheapest Car Insurance Charlotte
According to our cost estimates, Nationwide, Erie Insurance and Geico offer car insurance policies with consistently low rates in Charlotte. In this article, we’ll dig deeper into the cheapest rates for minimum liability insurance and full coverage in the Queen City so you know what to expect.
Cheapest Liability Car Insurance in Charlotte
The cheapest minimum liability insurance in Charlotte comes from Nationwide, which offers coverage for just $31 per month or $369 per year. Erie Insurance and North Carolina Farm Bureau also offer minimum coverage for less than $500 per year.Â
Minimum liability coverage in North Carolina requires $30,000 bodily injury liability coverage per person, $60,000 total bodily injury coverage per accident and $25,000 for property damage liability.
Cheapest Full Coverage Car Insurance in Charlotte
Nationwide offers the cheapest full coverage car insurance in Charlotte at just $92 per month or $1,104 per year. Erie Insurance is a close second, with full coverage for $95 per month or $1,143 per year.
A full coverage car insurance policy includes collision and comprehensive coverage. Collision coverage protects your car in accidents you cause, and comprehensive coverage helps pay for damage related to theft, vandalism and natural disasters.
Car Insurance Quotes in Charlotte
As with any other city, car insurance quotes in Charlotte vary depending on a variety of factors. Age, marital status, driving history and credit score all play major roles in setting the price of auto coverage.
Cheapest Car Insurance Charlotte: Age and Marital Status
Teen drivers and other young motorists have higher rates of accidents and serious driving offenses, so they pay higher insurance rates on average. Married drivers, on the other hand, typically pay lower car insurance premiums.
According to our cost data, Geico and Erie Insurance offer the cheapest coverage in Charlotte for single 24-year-old drivers. Nationwide offers the lowest car insurance rates for married 35-year-old motorists in Charlotte.
Cheapest Car Insurance Charlotte: High-risk Drivers
Car insurance rates go up with the addition of a speeding ticket or at-fault accident to a driver’s record. Especially with repeated violations, insurance companies view drivers with blemished records as significant risks.
Car Insurance Prices in Charlotte: Speeding Ticket
For Charlotte drivers with a speeding violation of 16-20 miles per hour over the limit, Nationwide offers the cheapest car insurance at $145 per month or $1,452 per year.
Car Insurance Prices in Charlotte: At-fault Accident
Erie Insurance offers the cheapest coverage for Charlotte drivers with an at-fault accident on their record at $165 per month or $1,980 per year. North Carolina Farm Bureau and Nationwide also offer affordable insurance for drivers with car accidents on their records.
Car Insurance Prices in Charlotte: DUI
A driving under the influence (DUI) conviction will lead to dramatically higher car insurance costs for Charlotte drivers. For drivers in this situation, Nationwide offers the lowest rates at $383 per month or $4,598 per year.
Average Cost of Car Insurance in Charlotte
According to our cost estimates, Charlotte motorists pay an average rate of $137 per month or $1,638 per year for auto insurance. Charlotte drivers pay less than the national average for full coverage car insurance, which is $144 per month or $1,730 per year.
Car Insurance Prices in Charlotte: What Affects Them?
A few key factors determine how much you pay for car insurance, including:
- Age
- Gender
- Marital status
- Location
- Credit score
- Driving history
- Type of vehicle
Cheap Car Insurance in Charlotte: Conclusion
Charlotte car insurance rates sit below the national average. To find the best price on coverage for your vehicle, shop around and compare car insurance rates from multiple providers.
Cheapest Auto Insurance in Charlotte: FAQ
Below are frequently asked questions about car insurance in Charlotte:
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.