Cheap Car Insurance in Raleigh

Erie Insurance, Nationwide, North Carolina Farm Bureau, State Farm and National General are the leading car insurance providers to find cheap coverage in Raleigh. At these companies, you can find car insurance rates that are less than both the minimum and full-coverage averages for the city. This is in addition to these providers’ records of excellent customer service and high-quality coverage.

Keep reading: Cheap Car Insurance

Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.

Our data shows that the average cost of minimum-coverage insurance in Raleigh is about $45 per month or $544 per year. This is about 13% less than the national average of $52 per month or $625 per year. Similarly, full-coverage car insurance costs $134 per month or $1,613 per year on average, which is about 20% less expensive than the national average of $167 per month or $2,008 per year for full coverage.

Cheapest Liability Car Insurance in Raleigh

Erie Insurance offers the cheapest liability insurance with average rates of $30 per month or $356 per year. Nationwide is the second-cheapest option in Raleigh with average rates of $34 per month or $413 per year.

Liability coverage is the minimum coverage required by the state of North Carolina. According to North Carolina law, all drivers must either meet or exceed the following minimum car insurance requirements:

• $60,000 bodily injury liability per accident
• $30,000 bodily injury liability per person
• $25,000 property damage liability per accident
• $60,000 underinsured/uninsured motorist bodily injury coverage per accident
• $30,000 underinsured/uninsured motorist bodily injury coverage per person
• $25,000 underinsured/uninsured motorist property damage coverage per accident

Cheapest Full-Coverage Car Insurance in Raleigh

A full-coverage car insurance policy can be pricey in Raleigh. Full coverage includes liability plus comprehensive insurance and collision insurance, which protect against damage to your vehicle in a variety of situations. Erie Insurance is the cheapest full-coverage option with average rates of $88 per month or $1,060 per year.

Auto insurers look at different parts of drivers’ profiles to set their rates. Raleigh drivers can count on their age, location, credit score and driving history to be major factors in their final premium cost. Some companies are cheaper for young drivers in their teens and 20s, while other companies are better for drivers that have gotten a DUI or too many speeding tickets.

That’s why this section will take a deeper dive into the cheapest average auto insurance rates for different ages, driving histories, credit standings and ZIP codes in Raleigh.

Raleigh Car Insurance Cost by Age

Since teen drivers have less experience driving and are statistically more likely to disobey traffic laws and cause car accidents, auto insurance rates are highest for this age group. Our data shows 16-year-olds pay about $144 per month or $1,731 per year for car insurance in Raleigh.

As Raleigh drivers move into their 20s and progress through middle age, the cost of car insurance typically decreases. The table below displays the average minimum-coverage car insurance expenses for different age brackets in Raleigh.

Cheapest Car Insurance in Raleigh: Teen Drivers

Car insurance for teens is expensive, but some providers tend to be more affordable than others. Our data shows State Farm is the cheapest car insurance company for teen drivers with minimum-coverage rates as low as $76 per month or $912 per year. Erie Insurance, Nationwide and National General also offer affordable premiums for Raleigh teens.

Raleigh Car Insurance Cost by Credit Score

In North Carolina and most other states, car insurance companies are allowed to consider credit scores when determining premiums for policyholders. Those with low credit scores will be charged higher rates for car insurance coverage, and conversely, those with good credit scores will pay less.

Cheapest Car Insurance in Raleigh: Poor Credit

Our rate data shows Nationwide is the cheapest option for car insurance for bad credit in Raleigh. The company offers minimum-coverage policies to drivers with poor credit for rates of $42 per month or $499 per year. This is 3% more than the overall state average for minimum coverage for good credit.

Raleigh Car Insurance Cost by Driving Record

Motorists who have speeding violations, at-fault accidents or DUI convictions documented in their driving history are likely to witness a surge in their auto insurance rates. On average, speeding can increase your rates by 70%, an at-fault accident by 96% and a DUI by 337%.

But the exact price increase will differ among companies. Our research shows that National General is the top choice for car owners with driving violations and at-fault accidents. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.

Keep reading: Insurance rates for high-risk drivers

Cheapest Car Insurance in Raleigh: Speeding Ticket

According to our data, Erie Insurance offers the cheapest rates to drivers who have a speeding ticket on their records — $47 per month or $569 per year. Nationwide follows close behind with an average monthly rate of $50, while North Carolina Farm Bureau, National General and State Farm round out the top five options for cheap speeding ticket car insurance in Raleigh.

Cheapest Car Insurance in Raleigh: At-Fault Accident

Having a history of being responsible for an accident while driving can cause insurance rates to increase more substantially than receiving a speeding ticket can. Erie Insurance and North Carolina Farm Bureau are the cheapest options here with average rates of about $47 per month and $53 per month, respectively. You can see some auto insurance companies charge significantly more for this amount for coverage after an accident.

Cheapest Car Insurance in Raleigh: DUI

Driving under the influence is a grave violation that may result in a significant rise in your car insurance premiums in Raleigh, amounting to hundreds of dollars annually. The good news is that National General is very cheap compared to other companies — it offers average rates of $61 per month or $733 per year for drivers with a DUI. Erie Insurance, Nationwide and North Carolina Farm Bureau are also good options with rates under $140 per month on average.

Raleigh Car Insurance Cost by ZIP Code

The rates of insurance claims, crimes and traffic differ depending on the location within the city, impacting the cost of your insurance premiums. Below, you can see certain ZIP codes in Raleigh can be up to 9.0% cheaper or 10.9% more expensive than the city average.

Raleigh’s auto insurance rates are 13% higher than the state average and 13% lower than the national average. Raleigh drivers looking for budget-friendly insurance providers can compare free quotes online or from an insurance agent to find the best rates. 

Erie Insurance provides the least expensive minimum coverage in Raleigh, costing roughly $30 per month. Nationwide offers budget-friendly rates starting at $88 per month for drivers in Raleigh.

Here are some frequently asked questions about the cheapest auto insurance coverage in Raleigh:

*Cost data comes from Quadrant Information Services and is accurate at time of publication.