One of the more important things that aid in calculating the amount you pay each year for auto insurance is where you keep your vehicle. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas less populated areas can boast about having cheaper rates.
The illustration below lists the most expensive areas in North Carolina for state employees to buy auto insurance in. Charlotte is ranked at #3 with a yearly premium of $832 for the average insured, which is around $69 each month.
|Rank||City||Premium Per Year|
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Rate information is comparative as zip code location can increase or decrease rates significantly.
Shopping around for cost effective auto insurance is hard enough, and deciding which companies have the cheapest insurance rates for state employees takes additional perseverance. Every insurance company has a unique approach to establish rates, so let’s begin by taking a look at the insurance companies that tend to have lower prices in North Carolina.
It’s important to know that North Carolina insurance rates are influenced by many factors that may substantially change the policy price. Events like a birthday, buying a higher-value vehicle, or getting a DUI can trigger price changes resulting in some companies being higher-priced than before.
Best Auto Insurance Prices in North Carolina
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$716|
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Progressive may have some of the most affordable car insurance rates in Charlotte at around $632 each year. Utica National, NC Farm Bureau, Liberty Mutual, and Titan would also make the list of some of the cheaper Charlotte, NC car insurance companies.
As the rates illustrate above, if you are currently insured with NC Farm Bureau and switched to Progressive, you might realize annual savings of upwards of $84. North Carolina drivers with Liberty Mutual may save as much as $89 a year, and Titan insureds might reduce prices by as much as $97 a year.
It’s important to note that these rates are averaged for all types of insureds and vehicles and do not take into consideration an exact zip code location for state employees. So the auto insurance company that can offer you the best price may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get rate quotes using your own driver and vehicle profiles.
The car, truck, or SUV driven is probably the biggest factor in finding the most affordable auto insurance for state employees. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models.
The information below ranks coverage prices for a handful of the cheapest vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,210|
|Honda CR-V EX-L 4WD||$1,237|
|Ford Explorer XLT 2WD||$1,360|
|Dodge Grand Caravan SE||$1,369|
|Honda Odyssey EX W/Rear Entertainment||$1,405|
|Chevrolet Impala LS||$1,414|
|Toyota RAV4 Limited 2WD||$1,432|
|Honda Civic LX 4-Dr Sedan||$1,479|
|Honda Accord EX 4-Dr Sedan||$1,482|
|Hyundai Elantra SE 4-Dr Sedan||$1,507|
|Jeep Wrangler Sport 4WD 2-Dr||$1,529|
|Chevrolet Equinox LTZ AWD||$1,534|
|Nissan Altima Hybrid 4-Dr Sedan||$1,542|
|Chevrolet Silverado LT Crew Cab 4WD||$1,534|
|Ford Edge SE AWD||$1,607|
|Ford Focus S 4-Dr Sedan||$1,612|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact premiums greatly.
Looking at the numbers, we can presume that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer are most likely to be the more affordable vehicles to insure for state workers.
Get discount Charlotte insurance rates
Auto insurance companies that provide policies for state employees may provide policy discounts that may potentially lower prices by 40% or more if you qualify for them. Large insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm may include discounts for anti-theft, accident-free, Steer Clear safe driver discount, student away at school, defensive driving training, and multiple autos.
- Farmers Insurance offers discounts for youthful driver, teen driver, switch companies, mature driver, and pay in full.
- Progressive offers discounts including multi-policy, multi-vehicle, continuous coverage, homeowner, good student, and online quote discount.
- GEICO may offer discounts for military active duty, good student, membership and employees, daytime running lights, and anti-lock brakes.
- Auto-Owners Insurance includes discounts for paid in full, paperless, teen driver, safe vehicle, multiple vehicles, and anti-lock brakes.
- The Hartford discounts include defensive driver, driver training, good student, vehicle fuel type, bundle, anti-theft, and air bag.
- Farm Bureau offers premium reductions for youthful driver, renewal discount, 55 and retired, driver training, safe driver, and good student.
- USAA policyholders can earn discounts including loyalty savings, family discount, multi-policy, good student, and defensive driver.
The illustration below illustrates the comparison of insurance premiums with and without policy discounts. The data is based on a female driver, no claims or driving violations, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multiple vehicle, passive restraint, safe-driver, multiple policy, and vehicle safety discounts applied. When these discounts are applied, theamount saved on insurance for state employees is 27% or $372.
The information below demonstrates how choosing different deductibles can increase or decrease premium costs when trying to find cheap insurance for state employees. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could save $196 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $298 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, can save up to $502 or more just by choosing larger deductibles. When increasing deductibles, it is a good idea to have enough savings to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
The benefits of price comparisons
North Carolina insurance rates are impacted by many things which can significantly increase or decrease the price you pay for coverage. Simply getting older, increasing liability limits, or getting a driving violation can cause premium changes resulting in some companies being more affordable than the competition.
Additionally, companies file new North Carolina auto insurance rates at least once a year to ensure their profitability. Higher than normal claim frequency or severity may cause rate increases, while a profitable period may produce lower-cost Charlotte car insurance rates.
To help illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Charlotte, NC for a 30-year-old female driver with a clean driving record, no accidents, and a good credit rating. When comparing rates based on her current rating profile, Utica National quotes the most affordable car insurance rates in Charlotte at $818 per year. This is $54 less than the average premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National are also on the list of the best Charlotte, NC auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim, poor credit, and a speeding citation. Because each company has a unique formula for determining rates, comparing prices will most likely result in a significantly different list of affordable companies as shown below.
State Farm now has the cheapest car insurance in Charlotte with Titan, Auto-Owners, Progressive, and Travelers now being in the top five. This example shows why it is important to compare as many rates as possible to get the most economical insurance quotes for state employees.
Insurance prices consist of many different factors and change dramatically, so the most affordable company the last time you compared rates may now be an over-priced policy.
The agents below can probably help you determine which auto insurance coverages would be the best in your situation, since lots of people like to get some professional input when comparing insurance rates for state workers. It’s not always easy to find the cheapest car insurance policy, and getting professional guidance from a licensed agent can add peace of mind knowing you have sufficient coverage for your assets.
To find an agent by location nearest to you, click the link at the bottom or click here to compare price quotes now.
Patriot Insurance Agencies
9620 Monroe Rd – Charlotte, NC 28270 – (704) 644-3058
Matt “Woody” Woodford – State Farm Insurance Agent
501 S Sharon Amity Rd #200 – Charlotte, NC 28211 – (704) 971-3030
GEICO Insurance Agent
4651 South Blvd Suite B – Charlotte, NC 28209 – (704) 523-2886
Roger Craig – State Farm Insurance Agent
1427 Emerywood Dr – Charlotte, NC 28210 – (704) 553-2327
How to find the cheapest insurance for state employees
Below you’ll find some thrifty solutions that can help North Carolina drivers get low-cost car insurance.
- Buy vehicles with five-star safety ratings
- Serious violations like DUI or reckless driving can increase rates dramatically
- Pay lower rates with good credit
- Do not insure for full coverage
- Increase your comprehensive and collision deductibles
- Accident-free drivers may qualify for discounts
- Look for cheaper rates once a year by shopping around
The last tip is incredibly significant, as was noted in this article. Insurance prices can change considerably based on profitability, so drivers shouldn’t be resistant to switch to a new company if you find a cheaper price.
Sticking with a specific company is fine, but is isn’t recommended if that stubbornness costs you thousands of dollars over the life of your policy. In just a couple of minutes you could compare prices to find cheaper insurance for state employees in Charlotte.