For drivers with no prior coverage, one of the big things that aid in calculating car insurance rates is where you live in Charlotte. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The next table shows the most expensive places in North Carolina for uninsured drivers to purchase auto insurance in. Charlotte is ranked #3 with an annual rate of $832 for the average insured, which is approximately $69 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $900 |
| 3 | Charlotte | $832 |
| 4 | Durham | $797 |
| 5 | Wilmington | $781 |
| 6 | Gastonia | $779 |
| 7 | Raleigh | $767 |
| 8 | Huntersville | $764 |
| 9 | Greensboro | $763 |
| 10 | High Point | $753 |
| 11 | Greenville | $752 |
| 12 | Wilson | $746 |
| 13 | Indian Trail | $745 |
| 14 | Cary | $742 |
| 15 | Apex | $739 |
| 16 | Goldsboro | $735 |
| 17 | Rocky Mount | $726 |
| 18 | Hickory | $718 |
| 19 | Salisbury | $705 |
| 20 | Chapel Hill | $703 |
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Rates are approximated as the garaging address in Charlotte can impact coverage prices greatly.
Finding out which companies quote the lowest-priced insurance rates for uninsured drivers calls for a tad more effort in order to find the best price.
Every car insurance company uses a little different formula for determining prices, so let’s take a look at the most competitive insurance companies in Charlotte. It’s important that readers know that Charlotte insurance rates are based on many factors that can increase the policy premium. Improving your credit rating, moving across town, or getting a driving violation can trigger changes in premium that may make certain companies cheaper than competitors.
Best Auto Insurance Prices in North Carolina
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $651 |
| 2 | Utica National | $655 |
| 3 | Liberty Mutual | $700 |
| 4 | GEICO | $728 |
| 5 | NC Farm Bureau | $730 |
| 6 | Penn National | $747 |
| 7 | Titan | $759 |
| 8 | State Farm | $772 |
| 9 | Auto-Owners | $852 |
| 10 | National General | $881 |
| 11 | Allied | $901 |
| 12 | Erie | $922 |
| 13 | Travelers | $936 |
| 14 | Peerless | $992 |
| 15 | Unitrin | $1,002 |
| 16 | Nationwide | $1,011 |
| 17 | MetLife | $1,018 |
| 18 | Safeco | $1,066 |
| 19 | Encompass | $1,073 |
| 20 | Allstate | $1,097 |
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Progressive normally has some of the most affordable car insurance rates in Charlotte at around $651 each year. This is $221 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, GEICO, and NC Farm Bureau would also make the list of some of the cheapest Charlotte, NC insurance companies.
As shown in the table above, if you buy coverage from GEICO and switched to Progressive, you might realize yearly savings of around $77. Customers with NC Farm Bureau may save as much as $79 a year, and Penn National insureds might lower prices by up to $96 a year.
These premium estimates are averages across all insureds and vehicles and are not factoring in a specific location for uninsured drivers. 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 point stresses why you need to get car insurance quotes using your own specific driver and vehicle information.
Get discount Charlotte insurance rates
Car insurance companies that offer coverage for uninsured drivers could also offer policy discounts that could potentially reduce rates by 30% or more if you meet eligibility requirements. Companies and some of the discounts are shown below.
- State Farm discounts include multiple policy, Drive Safe & Save, student away at school, good student, passive restraint, accident-free, and defensive driving training.
- Progressive offers discounts for good student, multi-vehicle, multi-policy, online signing, online quote discount, homeowner, and continuous coverage.
- Progressive offers discounts including multi-vehicle, homeowner, multi-policy, online quote discount, continuous coverage, online signing, and good student.
- MetLife has savings for good student, defensive driver, claim-free, good driver, multi-policy, and accident-free.
- Farm Bureau includes discounts for multi-policy, 55 and retired, youthful driver, driver training, safe driver, renewal discount, and multi-vehicle.
- GEICO may have discounts that include membership and employees, good student, anti-lock brakes, five-year accident-free, driver training, and defensive driver.
- SAFECO has discounts for anti-theft, multi-car, anti-lock brakes, homeowner, and bundle discounts.
The diagram below compares insurance costs with and without discounts being applied to the rates. The rates are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, multiple vehicle, accident-free, vehicle safety, defensive driving course, and safe-driver discounts applied. When taking advantage of discounts, theamount saved on insurance for uninsured drivers is 27% or $324.
Best insurance company in North Carolina
Selecting the highest-rated auto insurance provider can be a challenge considering how many different companies sell coverage in Charlotte. The company rank data displayed below can help you select which insurers to look at when comparing rates.
These ratings only include the largest companies in the United States, so smaller companies are not included in the list. If you would like to check rates from the insurers below and more, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
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Data Source: Insure.com Best Car Insurance Companies
Difference between liability only and full coverage rates
Buying cheaper insurance is important to most vehicle owners, and one good way to lower the cost of insurance for uninsured drivers is to not buy full coverage. The diagram below visualizes the comparison of auto insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage costs an additional $1,139 per year over and above liability coverage. That is a large expense which might make you wonder if buying full coverage is a good investment. There is no definitive formula for dropping full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after you pay the deductible. If you are paying over $500 a year for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where removing full coverage is not a good plan. If you haven’t paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Tips for finding cheaper car insurance for uninsured drivers
The list below summarizes many thrifty suggestions that can help North Carolina drivers buy cheaper auto insurance.
- Earn discounts for being claim-free
- Save money by observing traffic laws and speed limits
- Drive attentively and avoid accidents
- Save money by insuring older vehicles for liability only
- Bundle home and auto and save
- Buy a safer vehicle
- Compare rates regularly to ensure the best deal
The last tip is especially important, as we noted in the prior information. Car insurance prices can change considerably based on profitability, so don’t hesitate to buy from a different company if a cheaper price is available.
Many consumers stick with the same company and that’s fine, but it’s not a good idea if that loyalty results in overpaying a lot of money. Take a couple minutes and compare prices to find cheaper car insurance for uninsured drivers in Charlotte.
If you would rather have a consultation when shopping for cheaper insurance for uninsured drivers, the agencies below are willing to aid you in deciding which auto insurance policy would work best for you. To find a Charlotte insurance agent close to where you live, click the button following the list.
- Nationwide Insurance: Ed Cantey Insurance Agency Inc
5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 - Michael Grant – State Farm Insurance Agent
1727 East Blvd – Charlotte, NC 28203 – (704) 373-7444 - Biggs Insurance Group
13850 Ballantyne Corporate Pl #500 – Charlotte, NC 28277 – (704) 369-5270 - Alex Williamson – State Farm Insurance Agent
4108 Park Rd #106 – Charlotte, NC 28209 – (704) 525-9995