Cheapest Insurance in NC: Your Guide to Finding Affordable Coverage

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North Carolina, like many other states, requires its residents to have minimum car insurance coverage. While insurance can be an added expense, it is necessary to protect yourself and others in case of accidents. The good news is that there are ways to find affordable coverage. In this article, we will discuss the cheapest insurance options in NC and how you can save money on your premiums.

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Minimum Coverage Requirements in North Carolina

Before we dive into the cheapest insurance options in NC, let’s talk about the minimum coverage requirements in the state. According to the NC Department of Insurance, drivers must have liability coverage of at least:

Coverage Type
Minimum Amount
Bodily Injury Liability
$30,000 per person/$60,000 per accident
Property Damage Liability
$25,000 per accident

Keep in mind that these are just the minimum requirements. It is recommended to have coverage that exceeds these amounts for better protection. Now, let’s explore the cheapest insurance options in NC.

Cheapest Car Insurance Companies in NC

There are several car insurance companies in NC that offer affordable coverage. Here are some of the cheapest options:

Geico

Geico is known for its low rates and discounts. They offer a variety of coverage options and have a user-friendly online platform. According to ValuePenguin, Geico’s average annual premium in NC is $528, which is 48% lower than the state average.

Nationwide

Nationwide is another affordable option for car insurance in NC. They offer various discounts, including multi-policy and safe driver discounts. According to ValuePenguin, Nationwide’s average annual premium in NC is $550, which is 44% lower than the state average.

State Farm

State Farm is a popular insurance company that offers affordable rates in NC. They have a variety of coverage options and discounts, including accident-free and good student discounts. According to ValuePenguin, State Farm’s average annual premium in NC is $639, which is 28% lower than the state average.

How to Save Money on Car Insurance in NC

Aside from choosing an affordable insurance company, there are other ways to save money on your car insurance premiums in NC. Here are some tips:

Choose a higher deductible

A deductible is the amount you pay out-of-pocket before your insurance coverage kicks in. Choosing a higher deductible can lower your premium. However, make sure you can afford the deductible amount in case of an accident.

Take advantage of discounts

Many insurance companies offer discounts for safe driving, multi-car policies, and good grades. Make sure to ask your insurance company about all the available discounts.

Bundle your insurance policies

Most insurance companies offer discounts when you bundle multiple policies, such as auto and home insurance. This can help you save money on your overall insurance costs.

Drive safely

Having a clean driving record can help you get lower insurance premiums. Avoid accidents and traffic violations, and take defensive driving courses to improve your driving skills.

Shop around for the best rates

Don’t settle for the first insurance company you come across. Shop around and compare rates from different companies to find the best deal.

Frequently Asked Questions

What is the cheapest car insurance company in NC?

According to ValuePenguin, Geico, Nationwide, and State Farm are among the cheapest car insurance companies in NC.

What is the minimum car insurance coverage required in NC?

Drivers in NC must have liability coverage of at least $30,000 per person and $60,000 per accident for bodily injury, and $25,000 per accident for property damage.

How can I lower my car insurance premiums in NC?

You can lower your car insurance premiums in NC by choosing a higher deductible, taking advantage of discounts, bundling your insurance policies, driving safely, and shopping around for the best rates.

Is it possible to get car insurance with no down payment in NC?

Some insurance companies in NC offer car insurance with no down payment. However, keep in mind that this may result in higher monthly premiums.

Do I need comprehensive coverage in NC?

Comprehensive coverage is not required by law in NC, but it can provide additional protection for your vehicle in case of theft, vandalism, or natural disasters.

Conclusion

Getting car insurance in NC doesn’t have to break the bank. By choosing an affordable insurance company and implementing money-saving strategies, you can get the coverage you need without spending a fortune. Remember to always compare rates and coverage options before making a decision.

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