best car insurance in charlotte nc

On average, Nationwide offers the cheapest car insurance in Charlotte at $325 yearly for a state minimum policy and $647 annually for full coverage. At roughly $934 yearly, Nationwide is also the cheapest insurer for drivers with speeding tickets. MoneyGeek’s top pick for the best insurer is Erie since it balances service and affordability.

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BEST
AUTO INSURANCE
CHARLOTTE
2022
The Cheapest and Best Car Insurance in Charlotte
Nationwide
Cheapest Overall – Nationwide
Nationwide
Cheapest State Minimum – Nationwide
Nationwide
Cheapest With a Driving Violation – Nationwide
Erie
Best Overall – Erie
The Cheapest Car Insurance Companies in Charlotte
A full coverage car insurance policy provides both comprehensive and collision coverage, but it costs more than liability insurance.

On average, the two insurers offering the lowest full coverage car insurance rates in Charlotte are:

Nationwide: $647 per year
Erie: $781 per year
The cheapest car insurance in Charlotte is from Nationwide. Its average annual cost of $647 is almost half of what Metlife policyholders pay per year, at $1,213. The costs for both carriers are based on a full coverage policy. However, your rates may change depending on your coverage level and driving record.

CHEAPEST CAR INSURANCE IN CHARLOTTE
Full Coverage 100/300/100
Company
100/300/100
per year
1.
Nationwide
$647
2.
Erie
$781
3.
State Farm
$799
4.
North Carolina Farm Bureau
$815
5.
GEICO
$882
Show more
For this study, MoneyGeek used a 40-year-old male driver with a full coverage car insurance policy whose limits can be found in our methodology.

When purchasing full coverage car insurance, you will pay higher premiums than liability only car insurance because a full coverage policy has the following two additional types of coverage:

Collision Insurance: Covers the cost of damage to your car if you collide with a stationary object or another vehicle
Comprehensive Insurance: Covers the costs associated with non-collision damage to your car
If you have an older vehicle, liability-only or state minimum car insurance may be the best alternative since a full coverage car insurance policy may cost more than the worth of your car.

COMPARE CAR INSURANCE RATES IN CHARLOTTE
Ensure you’re getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Your Zip Code
Insurance Rates
Cheapest Car Insurance in Charlotte for Minimum Coverage
On average, the most affordable insurers for minimum coverage in Charlotte are:

Nationwide: $325 per year
Erie: $427 per year
Metlife policyholders pay the highest rates for this coverage, at an average of $643 per year. This is almost double what drivers with a Nationwide policy pay per year.

While the minimum car insurance coverage is the cheapest in the state, it features lower liability coverage limits. You may need to purchase additional coverage since it does not include comprehensive and collision insurance. You can compare rates for higher liability limits using the table below.

CHEAPEST MINIMUM LIABILITY CAR INSURANCE IN CHARLOTTE
State Minimum
Company
State Minimum
per year
1.
Nationwide
$325
2.
Erie
$427
3.
North Carolina Farm Bureau
$441
4.
State Farm
$459
5.
GEICO
$466
Show more
Charlotte’s minimum car insurance coverage provides the least protection as it only includes liability coverage plus uninsured motorist coverage. This explains why it’s also the cheapest option. However, in case of an accident, you may need to pay more out of pocket. For instance, let’s say you get involved in an at-fault accident. If the third-party driver’s injuries cost $40,000 to treat and you only have $30,000 in coverage, you will have to pay $10,000 to cover the difference.

NORTH CAROLINA MINIMUM LIABILITY REQUIREMENTS
Bodily Injury and Property Damage $30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
Uninsured Motorist $30,000 per person, $60,000 per incident and $25,000 for property damage. The minimum coverage may not be enough if you’re in a serious accident.
Cheapest Car Insurance in Charlotte if You Have Driving Violations
In Charlotte, car insurance rates vary depending on your driving record. If you have a severe violation like a DUI, speeding ticket or at-fault accident, your premiums could be higher.

On average, the cheapest car insurance in Charlotte for drivers with violations is from:

Cheapest after a ticket: Nationwide, $934 per year
Cheapest after an at-fault accident: Nationwide, $1,126 per year
Cheapest after a DUI: Nationwide, $2,414 per year
By improving your driving record over time, you can lower your car insurance premiums significantly. You may also find the best rates for drivers with at-fault accidents or speeding tickets by comparing prices between providers.

CHEAPEST CAR INSURANCE IN CHARLOTTE WITH A VIOLATION
Speeding Ticket
Company
Speeding Ticket
per year
1.
Nationwide
$934
2.
North Carolina Farm Bureau
$1,177
3.
Erie
$1,190
4.
State Farm
$1,205
5.
MetLife
$1,213
Show more
Average Cost of Car Insurance in Charlotte
Charlotte
$939
NC
$841
U.S.
$1,424
The annual car insurance rate in Charlotte is $939 on average, which is about 11.7% more expensive than the state’s $841 average annual premium. However, when you compare it with the national average of $1,424 per year, car insurance premiums in Charlotte are around 34% cheaper than elsewhere in the country.

Personalized Quotes to Get You the Cheapest Car Insurance in Charlotte
How expensive your premium will be depends on a lot of factors, including your marital status, age and driving history. For that reason, you must get a personalized insurance quote so that you get the most accurate rate for you. Additionally, when you get a personalized quote as your situation changes, you may enjoy discounts and rebates.

COMPARE CAR INSURANCE RATES IN CHARLOTTE
Ensure you’re getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Your Zip Code
Insurance Rates
The Best Car Insurance Companies in Charlotte
Charlotte’s best car insurance companies, as recommended by MoneyGeek, balance affordable cost and quality of service.

From the findings, the top two insurers in the city are:

Erie: MoneyGeek score of 93 out of 100
Auto-owners Insurance Company: MoneyGeek score of 90 out of 100
USAA had the highest MoneyGeek score, at 95 out of 100. However, the company only serves military members and their families. MoneyGeek considered various factors when determining the final scores of each company, including financial stability, user satisfaction and affordability scores as well as information from J.D. Power and other third-party institutions.

Expand All Rankings +
1
USAA
Score:
95

USAA
COMPARE QUOTES
by MoneyGeek

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:
92.5

Erie
COMPARE QUOTES
by MoneyGeek

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

3
Auto-Owners Insurance Co
Score:
90
+
4
North Carolina Farm Bureau
Score:
87.5
+
5
GEICO
Score:
85
+
6
State Farm
Score:
82.5
+
7
Nationwide
Score:
80
+
8
Travelers
Score:
80
+
9
MetLife
Score:
80
+
10
Safeco
Score:
77.5
+
11
Progressive
Score:
77.5
+
12
Allstate
Score:
75
+
13
Liberty Mutual
Score:
75
+
14
National General
Score:
72.5
+
Average Cost of Car Insurance by Postal Code
In Charlotte, ZIP code is also a factor that can affect car insurance rates. ZIP code 28215 is the most expensive part of the city for auto coverage at an average of $1,094 a year. That’s around $302 more expensive than the cheapest ZIP code, which is 28269. This difference likely means that 28215 has more accidents, thefts or uninsured drivers compared to the rest of the ZIP codes in the city.

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