It’s easy to find the cheapest car insurance in Raleigh, North Carolina, with minimum liability coverage costing as little as $28 per month. We at the Home Media reviews team considered rates from the best car insurance companies serving North Carolina’s capital to determine how little you could pay for an insurance policy.
Cheapest Car Insurance Raleigh
*Note: Unless stated otherwise, estimates are for full-coverage auto insurance and reflect the profile of a 35-year-old driver with a clean driving record and good credit history.
Nationwide, Erie Insurance and the North Carolina Farm Bureau make it easy to find the cheapest car insurance in Raleigh. As we dig into the city’s car insurance rates, you’ll see how metrics such as age, driving record and marital status affect the cost of auto coverage.
Cheapest Liability Car Insurance in Raleigh
Nationwide and Erie Insurance tend to have the cheapest minimum liability coverage in Raleigh. Those with Nationwide pay an average of $330 per year or $27 each month, while Erie Insurance policyholders are charged an average rate of $362 annually or $30 per month.
North Carolina drivers must have at least $30,000 in bodily injury liability coverage per person, $60,000 in bodily injury liability coverage per accident and $25,000 in property damage coverage to meet state minimum car insurance requirements. Every driver must also carry these same limits through underinsured and uninsured motorist coverage policies.
Cheapest Full-Coverage Car Insurance in Raleigh
Nationwide and Erie Insurance offer the cheapest car insurance in Raleigh for full coverage, with rates of less than $1,000 per year. Nationwide’s average price is $943 per year or $79 per month, while Erie Insurance offers average premiums of $993 per year or $83 each month.
Full-coverage car insurance policies include both collision and comprehensive protection. Collision coverage pays for car damages from accidents you cause while comprehensive insurance takes care of issues created by instances of vandalism, theft and severe weather.
Car Insurance Quotes in Raleigh
You’ll find that the cheapest car insurance in Raleigh varies greatly based on a range of factors. Age, marital status and driving history are a few of the key metrics used by auto insurers to determine coverage rates.
Cheapest Car Insurance Raleigh: Age and Marital Status
On average, Erie Insurance has Raleigh’s cheapest auto insurance for single 24-year-old drivers at $694 annually or $58 per month. Nationwide has the city’s most affordable coverage for married 35-year-old motorists with an average rate of $637 per year or $53 per month.
Cheapest Car Insurance Raleigh: High-risk Drivers
A speeding ticket, at-fault accident or a driving under the influence (DUI) conviction make it harder to find Raleigh’s most affordable auto coverage. Repeated driving violations are especially costly, as even the cheapest car insurance companies view drivers with multiple offenses on their driving records as major risks.
Car Insurance Prices in Raleigh: Speeding Ticket
Nationwide offers the cheapest car insurance in Raleigh for drivers after a speeding ticket with an average rate of $1,485 per year or $124 each month.
Car Insurance Prices in Raleigh: At-fault Accident
The North Carolina Farm Bureau offers the best rate for Raleigh drivers with an at-fault accident on their records at $1,708 per year or $142 per month. Erie Insurance comes in a close second with car insurance premiums that are just slightly higher.
Car Insurance Prices in Raleigh: DUI
A DUI violation makes it difficult to find rates for the cheapest car insurance in Raleigh. On average, those in this situation receive their lowest auto insurance quotes from National General at $3,856 annually or $321 per month.
Average Cost of Car Insurance in Raleigh
Raleigh drivers enjoy cheap auto insurance premiums compared to the national average. According to our cost estimates, full coverage car insurance in North Carolina’s capital city costs around $1,356 per year or $113 per month. The national rate for full coverage car insurance is $1,730 per year, so policies in Raleigh are almost 22% lower on average.
Car Insurance Prices in Raleigh: What Affects Them?
Various factors play significant roles in deciding whether you’ll get the cheapest car insurance in Raleigh. We’ll run through a few of the most important factors below.
- Age and marital status: It’s hard for teen drivers and those who are single to find the very cheapest rates for car insurance in Raleigh.
- Driving record: The lowest rates on auto coverage are typically available to those who haven’t been in a car accident and don’t have a DUI or speeding ticket on their records.
- Location: Drivers in cities like Raleigh, Durham, Charlotte and Greensboro often pay higher prices for North Carolina car insurance than motorists in rural areas.
- Type of vehicle: Those with safe cars such as the Toyota Camry and Honda Accord often get reasonable rates from auto insurance companies.
- Credit score: Having poor credit makes it extremely difficult to get some of the cheapest car insurance in Raleigh.
- Coverage type: Those with a full coverage policy and high coverage limits will struggle to find very low rates. Remember, though, that minimum liability insurance will lead to far higher out-of-pocket costs after an at-fault accident.
- Deductible amount: Your car insurance premiums will be higher if you set a low deductible, though you’ll pay less upfront before your insurer picks up the tab.
The easiest ways to find affordable auto insurance rates in Raleigh are by maintaining a clean driving record and a good credit score and by getting quotes from various auto insurers before making a purchase.
Cheap Car Insurance in Raleigh: Conclusion
The cheapest car insurance in Raleigh is within many drivers’ reach if they take the right steps. To get the best prices on auto coverage, compare car insurance quotes from a wide range of insurance providers across North Carolina. Also try reaching out to an insurance agent about bundling homeowners or renters coverage with your auto policy if you’d like lower rates.
Cheapest Auto Insurance in Raleigh: FAQ
Below are some frequently asked questions about car insurance in Raleigh.