We at the Guides Auto team have analyzed data from Quadrant Information Services to find out which companies typically provide the cheapest car insurance in Winston-Salem. We’ll look at prices for several driving profiles and explain what affects the costs of car insurance. If you’re a Winston-Salem driver looking for cheap car insurance, we recommend getting quotes from the best car insurance companies in the industry.
Cheapest Car Insurance Winston-Salem
The cheapest car insurance companies in Winston-Salem are usually Nationwide, Erie Insurance, North Carolina Farm Bureau, State Farm and Penn National. However, the rate you pay will depend on factors like your age, the kind of vehicle you drive and the deductible you choose.
Cheapest Liability Car Insurance in Winston-Salem
In Winston-Salem, we found that Nationwide and Erie Insurance typically offer the cheapest rates for state minimum requirements. Liability insurance from Nationwide costs an average of $24 per month or $285 per year, while Erie Insurance costs an average of $25 per month or $300 per year.
In North Carolina, the minimum coverage requirements are:
- $30,000 for bodily injury liability per person
- $60,000 for bodily injury liability per accident
- $25,000 for property damage liability
North Carolina drivers will see these minimum insurance requirements written as 30/60/25.
Cheapest Full-Coverage Car Insurance in Winston-Salem
The auto insurance companies that offer the cheapest full-coverage policies in Winston-Salem are generally Erie Insurance and Nationwide. Erie’s rates average $72 per month or $867 per year. Nationwide costs an average of $74 per month or $890 per year.
Allstate tends to offer the most expensive full-coverage insurance in Winston-Salem, charging an average of $155 per month or $1,866 per year.
Auto lenders usually require full-coverage insurance policies for leased or financed vehicles. Full coverage general includes these types of car insurance:
Car Insurance Quotes in Winston-Salem
Car insurance quotes are determined by a number of factors, including a person’s age, marital status, driving history and gender on their license. In the sections below, we’ll look at average costs based on each of these factors.
Cheapest Car Insurance Winston-Salem: Age and Marital Status
Age and marital status can significantly affect your car insurance premium. Married drivers tend to pay less for car insurance coverage than single drivers. Older drivers often pay less for coverage than younger drivers. Teen drivers also have less experience behind the wheel and tend to get into more accidents.
The table below shows average rates for 24-year-old single drivers and 35-year-old married drivers in Winston-Salem.
Cheapest Car Insurance Winston-Salem: Gender
On average, auto insurance rates for male and female drivers aren’t that different. Male drivers tend to pay just a bit more for coverage because they’re more likely to get into car accidents than female drivers. However, North Carolina is one of several states that bans insurance providers from using gender to calculate rates.
The table below shows the same average full-coverage car insurance costs for 35-year-old male and female drivers. Erie Insurance tends to be the cheapest provider for both groups.
Cheapest Car Insurance Winston-Salem: High-Risk Drivers
Your driving record is another major factor in determining how much you’ll pay for car insurance coverage. If you have a speeding ticket, an at-fault accident or a DUI conviction, you’re considered a high-risk driver by insurers. That means you’ll likely pay much higher rates than drivers with clean records. We’ll take a look at how each of these violations affects average car insurance rates in Winston-Salem.
Car Insurance Prices in Winston-Salem: Speeding Ticket
According to our data, Nationwide and Erie tend to have the best rates for drivers with a recent speeding ticket. Nationwide costs an average of $117 per month or $1,407 per year, while Erie Insurance costs an average of $125 per month or $1,510 per year.
Car Insurance Prices in Winston-Salem: At-Fault Accident
Getting into an at-fault car accident in Winston-Salem can significantly increase what you pay for car insurance. Erie Insurance tends to offer the cheapest rates for drivers with an accident on their record, charging an average of $125 per month or $1,510 per year.
North Carolina Farm Bureau offers the second-cheapest insurance rates, charging an average of $129 per month or $1,556 per year for full coverage.
Car Insurance Prices in Winston-Salem: DUI
In Winston-Salem, having a DUI on your driving record can cause your car insurance premium to soar. National General tends to have the best cheap car insurance for drivers with a DUI, charging an average of $308 per month or $3,693 per year.
Average Cost of Car Insurance in Winston-Salem
According to our research, the average cost of a full-coverage car insurance policy in Winston-Salem is $100 per month or $1,205 per year. This is about 11% cheaper than the average cost of full coverage in the neighboring city of Greensboro, which is $1,348 per year. It’s also about 30% cheaper than the national average of $1,730. These averages are based on a married 35-year-old driver with good credit and a clean driving record.
Car Insurance Prices in Winston-Salem: What Affects Them?
Whether you live in Winston-Salem, Charlotte or Raleigh, insurance agents across North Carolina and the rest of the country tend to look at the same factors to determine car insurance quotes for each driver. Here are the majors factors that affect your car insurance costs:
- Location: If you live in an area with high rates of car theft and road accidents, insurance providers will likely charge you higher rates for coverage.
- Age: Teen drivers tend to pay the most for car insurance coverage, while those in their mid-30s to their mid-40s pay the best rates.
- Driving record: Motorists with recent traffic and speeding violations typically pay higher rates than good drivers.
- Credit history: The higher your credit score, the more likely you are to find affordable car insurance.
- Gender: Male drivers tend to pay a bit more for coverage than female drivers in most states because they’re statistically more likely to get into car accidents.
- Marital status: Married drivers are more likely to find cheap auto insurance than single drivers.
- Vehicle: Cars that cost more to repair or replace cost more to insure, which is why older vehicles often get lower rates than newer cars.
Cheap Car Insurance in Winston-Salem: Conclusion
Car insurance in Winston-Salem is generally less expensive than the national average. The cheapest car insurance companies in the city are Nationwide, Erie Insurance, North Carolina Farm Bureau, State Farm and Penn National. Compare car insurance quotes to find the best deal for your needs.
Cheapest Auto Insurance in Winston-Salem: FAQ
Below are frequently asked questions about car insurance in Winston-Salem: