For safe drivers, one of the big components that are looked at to help calculate the price you pay for insurance is where you live in Charlotte. More densely populated places are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The information below rates the most costly cities in North Carolina for good drivers to purchase auto insurance in. Charlotte shows up at #3 with an annual premium of $816 for the average policy, which is around $68 per month.
|Rank||City||Average Per Year|
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Rate quotes are comparative as the specific area where the vehicle is garaged can impact premiums significantly.
Finding good, low-priced auto insurance is easier said than done, and finding out which company has the best auto insurance rates for good drivers involves even more work. Each company has a different process for establishing rates, so we’ll take a look at the auto insurance companies that tend to have lower prices in Charlotte.
We do need to point out that Charlotte auto insurance rates are based on many factors that will increase or decrease the cost of coverage. This price variation is why it is critical to compare many different companies when trying to find the lowest auto insurance rates for good drivers. Auto insurance prices are impacted by many different factors and can decrease or increase without notice, so the cheapest rate the last time you checked may now be priced much higher than other options.
Find Cheaper Car Insurance for Good Drivers
Utica National has some of the cheapest car insurance rates in Charlotte at around $636 a year. This is $236 less than the average rate paid by North Carolina drivers of $872. Progressive, Penn National, Liberty Mutual, and GEICO also make the cut as some of the best Charlotte, NC car insurance companies.
In the above rates, if you have coverage with Penn National and switched to Utica National, you might realize an annual premium reduction of upwards of $81. Drivers with Liberty Mutual might save as much as $92 a year, and GEICO policyholders might lower prices by up to $92 a year.
To find the cheapest coverage for you, click here to start your free quote or quote prices from the following companies.
It’s important to note that these policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with a specific zip code for good drivers. So the insurer that has the cheapest price for you may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own individual information.
The vehicle model driven is probably the most important factor when shopping for economical insurance for good drivers. Vehicles with lower performance, a great safety record, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The list below shows coverage rates for some of the most cost-effective vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,201|
|Hyundai Elantra GLS Touring Station Wagon||$1,210|
|Ford Explorer Eddie Bauer 2WD||$1,346|
|Honda Accord LX 4-Dr Sedan||$1,378|
|Honda Odyssey EX W/Rear Entertainment||$1,393|
|Chevrolet Impala LT||$1,420|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,443|
|Ford Escape XLT 2WD||$1,470|
|Ford Edge Sport 2WD||$1,495|
|Toyota Camry SE||$1,505|
|Toyota Corolla XRS||$1,522|
|Hyundai Sonata GLS 4-Dr Sedan||$1,527|
|GMC Sierra SL Crew Cab 2WD||$1,522|
|Ford F-150 Lariat Crew Cab Harley 4WD||$1,550|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,577|
|Toyota Tacoma 2WD||$1,597|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can revise prices noticeably.
Based upon the table data, vehicles like the Honda CR-V, Hyundai Elantra, and Ford Explorer are most likely to be some of the more affordable vehicles to insure for safe drivers.
Do you need full coverage?
Saving money on auto insurance is important to the majority of people, and one of the fastest ways to buy cheaper insurance for good drivers is to not pay for full coverage. The example below illustrates the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no policy discounts are applied.
On average, physical damage coverage costs $1,181 per year more than just buying liability only. Lot’s of drivers question when is the right time to remove full coverage. There isn’t a written rule of when to stop paying for comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
There are a few situations where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Cautious Charlotte drivers save money
In a perfect world, the best way to snag the best auto insurance prices in North Carolina for safe drivers is to drive attentively and have a clean driving record. The diagram below demonstrates how citations and at-fault fender-benders influence car insurance rates for different age groups. The rates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
In the previous chart, the average cost of car insurance in Charlotte per year with no violations or accidents is $1,292. Add in two speeding tickets and the average cost surges to $1,708, an increase of $416 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for good drivers increases to an average of $2,125. That’s an increase of $833, or $69 per month, just for not driving safely!
How to find low-cost insurance for good drivers
Here are some penny-pinching ideas that can help drivers buy lower-cost auto insurance.
- Accidents can significantly increase rates
- Frequent claims will increase rates
- Just one traffic violation will increase your rates
- Bundle home and auto and save
- Drive safe vehicles
- Look for cheaper rates once a year by shopping around
The last item on the list is especially significant, as was affirmed in the prior information. Insurance rates adjust frequently, so you should be ready to change to a new company if a cheaper rate is available.
Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that loyalty ends up costing a considerable chunk of change every month. In just a couple of minutes you could compare rates and find cheaper auto insurance for good drivers in Charlotte.
If you aren’t sure which coverage you need and prefer to have professional advice when buying car insurance for good drivers, the agents below can probably aid you in deciding which coverage meets your needs best.
To find an auto insurance agency nearest to you, click the button at the bottom or click here to compare rates now.
- Jeff Genant – State Farm Insurance Agent
15105 John J Delaney Dr – Charlotte, NC 28277 – (704) 594-3000
- The Hoffman Agency, LLC
2015 Ayrsley Town Blvd – Charlotte, NC 28273 – (704) 280-8585
- Honeycutt Insurance Agency
3121 Springbank Ln F – Charlotte, NC 28226 – (704) 752-8233