North Carolina Farm Bureau has the cheapest car insurance in Charlotte, charging $39 a month for minimum coverage and $73 a month for full coverage.
NC Farm Bureau is the city’s cheapest car insurance company in many other categories, too, such as for teen drivers, senior drivers and adult drivers with violations on their records.
In this article
Cheapest car insurance in Charlotte, North Carolina: NC Farm Bureau
For cheap car insurance in Charlotte, get a quote from North Carolina Farm Bureau. Its average rate of $39 a month is the lowest in the city for minimum coverage.
Allied and State Farm also offer affordable auto insurance rates to Charlotte drivers who want state-minimum coverage. Their average rates in this case are $44 and $50 a month, respectively.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $39 |
| Allied | $44 |
| State Farm | $50 |
| City average | $51 |
| Erie | $55 |
| Nationwide | $57 |
| Progressive | $58 |
| GEICO | $58 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
To find your best and cheapest rates on any amount of coverage, compare car insurance quotes from several companies. Start with the ones highlighted here, but don’t be shy about including others as well.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $73 |
| State Farm | $83 |
| Allied | $94 |
| City average | $97 |
| Erie | $97 |
| Nationwide | $102 |
| Progressive | $104 |
| GEICO | $124 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
NC Farm Bureau, State Farm and Allied have the cheapest car insurance in Charlotte for drivers who want full coverage, too. NC Farm Bureau’s average rate of $73 a month is the lowest of the bunch, with State Farm coming in at $83 and Allied at $94.
A minimum-coverage policy meets the state’s requirements for liability auto insurance. Liability insurance covers injuries and property damage you cause to others, but it won’t cover your own medical bills or car repairs.
A full-coverage policy includes collision, comprehensive and liability coverages. No state law requires full-coverage car insurance, but many lenders and lessors do. Consider getting it even if it’s not required if your vehicle is new or expensive.
Get cheap car insurance in Charlotte, North Carolina
How much is car insurance in Charlotte?
The average cost of auto insurance in Charlotte, North Carolina, is $51 a month for drivers who buy state-minimum coverage.
The average cost of full-coverage auto insurance in Charlotte is $97 a month.
Drivers in Charlotte pay more for car insurance than the average North Carolian pays. The state average for minimum coverage is $44 a month, and it’s $86 a month for full coverage.
Cheapest car insurance in Charlotte with driving violations: NC Farm Bureau
North Carolina Farm Bureau has the cheapest car insurance rates in Charlotte for drivers with speeding tickets, accidents or DUIs on their records.
NC Farm Bureau is the best source for cheap car insurance in Charlotte after a speeding ticket, charging $96 a month for a full-coverage policy.
Nationwide is a good choice too, though, thanks to its low average rate of $103 a month in this situation.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $96 |
| Nationwide | $103 |
| State Farm | $115 |
| Allied | $126 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
The average cost of car insurance with a speeding ticket on your record is $124 a month, based on our research, so compare quotes with State Farm as well.
NC Farm Bureau, Nationwide and State Farm also offer the cheapest car insurance premiums to Charlotte residents with an at-fault accident on their driving records.
Again, NC Farm Bureau’s average rate of $96 a month is the lowest and most affordable for these drivers. Nationwide and State Farm offer average rates of $103 a $115 a month, with the city average being $128 a month.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $96 |
| Nationwide | $103 |
| State Farm | $115 |
| Erie | $130 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
To get cheap car insurance after a DUI in Charlotte, check out NC Farm Bureau, which charges an average of $267 a month.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $267 |
| Nationwide | $296 |
| State Farm | $349 |
| Allied | $368 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Car insurance rates are based on several factors, with your driving record being just one. Because of this, NC Farm Bureau may be the most affordable for you, but it also may not be.
That’s why you should get a quote from Nationwide as well while shopping for car insurance coverage in this situation. Its average rate for drivers with a DUI on their records is $296 a month. This is more than NC Farm Bureau’s average, but cheaper than the city average of $359 a month.
Compare auto insurance quotes from top companies
Cheapest car insurance in Charlotte for teen drivers: State Farm and NC Farm Bureau
NC Farm Bureau offers the cheapest teen car insurance rates to Charlotte drivers who want minimum coverage at an average of $86 a month.
State Farm is another affordable option for the city’s teen drivers, though, charging $89 a month, on average. Consider Allied, too, with its average monthly rate of $97.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $86 |
| State Farm | $89 |
| Allied | $97 |
| Nationwide | $123 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
State Farm has the cheapest full-coverage car insurance rates in Charlotte for teen drivers, offering an average rate of $148 a month.
NC Farm Bureau offers a low rate, too, at $154 a month, on average. Allied’s average rate, $201 a month, is higher yet, but matches the city average for such coverage and so is still worth considering.
| Company | Monthly rate |
|---|---|
| State Farm | $148 |
| North Carolina Farm Bureau | $154 |
| Allied | $201 |
| Erie | $207 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Young drivers pay the highest auto insurance rates of any age group because they’re more likely to be involved in an accident than are older and more experienced drivers.
State Farm charges adult drivers with clean records in Charlotte $83 a month for full coverage, for example. It charges teens with clean driving records $148 a month for the same coverage. That’s a 78% increase for the teen driver.
Cheapest car insurance in Charlotte for senior drivers: NC Farm Bureau
Senior drivers in Charlotte and elsewhere in the U.S. pay some of the lowest car insurance rates of any age group thanks to their experience on the road and many other factors.
Still, to get the absolute lowest rate as a Charlotte senior, you’ll likely have to buy a policy from NC Farm Bureau. We found its average rate of $39 a month to be the city’s cheapest for state-minimum coverage.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $39 |
| Allied | $44 |
| State Farm | $50 |
| Erie | $55 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Allied and State Farm also offer cheap car insurance for seniors in Charlotte, charging average rates of $44 and $50 a month, respectively.
NC Farm Bureau charges the cheapest full-coverage car insurance rates to seniors in Charlotte at $73 a month, on average.
| Company | Monthly rate |
|---|---|
| North Carolina Farm Bureau | $73 |
| State Farm | $83 |
| Allied | $94 |
| Erie | $97 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Don’t ignore State Farm, Allied and even Erie in this situation if you want a low rate. All three companies have monthly rates that fall below the city average of $97 a month for such coverage.
What are the car insurance requirements for drivers in Charlotte, NC?
Drivers in Charlotte need at least 30/60/25 car insurance. This means they must have, at a minimum:
- $30,000 per person and $60,000 per accident of bodily injury liability coverage
- $25,000 per accident of property damage liability coverage
The city’s drivers also need to have at least the same amount of uninsured/underinsured motorist coverage.
If you’re caught driving with less than these amounts of car insurance, or with no car insurance at all, you could face steep penalties. The state can fine you $50 for a first offense, $100 for a second and $150 for each one after that. It might hit you with other fines and fees, too.
Methodology
We obtained non-binding quotes from Quadrant Information Services for a typical driver in every Charlotte ZIP code to find the cheapest car insurance companies and rates. Unless otherwise noted, the driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.
The teen driver in this article is 18 years old but otherwise fits the same profile as the 35-year-old driver above. The same is true of our senior driver, who is 60.
Minimum-coverage car insurance rates highlighted on this page are based on a policy that meets North Carolina’s minimum liability requirements. Full-coverage rates are based on a policy with the following limits and deductibles:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per accident
- $100,000 property damage liability coverage
- $500 deductibles for both collision and comprehensive coverage
Auto insurance by city
- Charlotte
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