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How much does car insurance cost in Charlotte?

Charlotte, North Carolina, boasts relatively affordable car insurance rates compared to many other cities in the region. A six-month policy costs an average of $659, which breaks down to about $110 per month. Our 2022 data shows that North Carolina Farm Bureau offers the cheapest rates, coming in at $493 for a six-month policy. 

Drivers in Charlotte do pay slightly more than the average in North Carolina ($572 every six months), but less than the national average of $742. However, 43% of our customers in Charlotte are still concerned that they pay too much for their current car insurance coverage. Maybe this describes you, too, or perhaps you simply want to be more knowledgeable about your auto insurance and what goes into your rates. Keep reading to dive into the workings of auto insurance rates and how various factors affect your premium in Charlotte.

Car Insurance in Charlotte vs. North Carolina Avg. 6 Mo. Premium
Charlotte Average $659
North Carolina Average $572
Updated: 02/03/23.

The cheapest car insurance companies in Charlotte

1st place medal
1st place: North Carolina Farm Bureau

North Carolina Farm Bureau takes the prize for the cheapest coverage at $82 per month or $493 for a six-month policy.

2nd place medal
2nd place: GEICO

In second place is GEICO, offering auto insurance rates of just $88 per month ($530 for six months).

3rd place medal
3rd place: Erie

Finishing out as third-cheapest on our list is Erie. A policy from Erie in Charlotte costs $552 per six-month policy, which still comes in at under $100 per month.

The Zebra's key takeaways about car insurance in Charlotte:

  • The average cost of a car insurance policy in Charlotte is $659 per six-month policy — $110 per month.
  • The cheapest company in Charlotte is North Carolina Farm Bureau ($493).
  • Charlotte ranks as the 36th most expensive city for car insurance in North Carolina.
  • 43% of Zebra customers in Charlotte are using our tools because they feel they're paying too much for their current auto insurance.

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Charlotte car insurance rates by company

According to our 2022 research and data, the best company in Charlotte for cheap auto insurance is North Carolina Farm Bureau. They offer rates at an average of $83 per month, or $493 for a six-month policy. However, GEICO is a close second with six-month policies at $530 ($88 per month). 

Learn more about top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.

 

Cheapest car insurance companies in Charlotte, NC
Company Avg. 6 Mo. Premium
North Carolina Farm Bureau $493
GEICO $530
Erie $552
State Farm $585
Progressive $692
Nationwide $840
Allstate $1,149
Updated: 02/03/23.

Dynamic auto insurance data methodology

Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.


Shop around to save on car insurance


The best way to find affordable auto insurance is to compare, so let The Zebra help you out! Just enter your ZIP code to see rates from Progressive, Allstate, and GEICO (+ other top companies) to find the best car insurance rates in Charlotte.

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Average car insurance in Charlotte by rating factor

Rating factors are individual details about you that affect your car insurance rates. Most insurance companies use the same rating factors, but they may prioritize them a bit differently. For example, one company might put more weight on your credit score while another may focus on your driving or claims history. 

It's also important to remember that the best insurance company (and coverage level) may not stay the same over time. As life, your vehicle, and other factors change the company that worked for you in your 20s might not give you what you need in your 50s. Get new quotes every six months to a year to make sure you're still getting the best rates possible with the coverage and service you want.

Q: I didn't have an accident — Why is my insurance going up?

A: End-of-year earnings (revenue of premiums versus the cost of paying insureds’ claims) affect what you pay in Charlotte for car insurance, even if you're a great driver. Just like our cost of living increases, so do business expenses. You may pay more with a certain insurance company in a specific area just because the cost of doing business in Charlotte has gone up. 

Auto insurance premiums by age in Charlotte

Age is one very important factor that goes into your auto insurance rate. Based on historical analysis and data, teen drivers have the highest accident rate compared to other age brackets. This means more claims payouts by insurance companies on behalf of young drivers. Insurers have to take this into consideration with their rates, and their high likelihood of accidents means that young drivers face the highest premiums. In Charlotte, teen drivers pay about $1,602 per year more than drivers in their 20s! This is the most significant rate change between any two age groups.

It can be surprising and frustrating for teens and their parents alike, but remember that it's just business and that these high costs only last a few years. With a good driving record and a few years of experience behind the wheel, car insurance will become more affordable for younger drivers soon.

Cheapest car insurance companies for teen drivers in Charlotte, NC
Company Avg. 6 Mo. Premium
State Farm $994
North Carolina Farm Bureau $1,081
Erie $1,237
GEICO $1,390
Progressive $1,526
Nationwide $1,989
Allstate $2,638
Updated: 02/03/23.
Age Bracket Cheapest Companies Avg. 6 Mo. Premium
20s North Carolina Farm Bureau $493
30s North Carolina Farm Bureau $491
40s North Carolina Farm Bureau $491
50s North Carolina Farm Bureau $491
60s North Carolina Farm Bureau $491
70s North Carolina Farm Bureau $491

Zebra Tip: The cheapest companies for Charlotte drivers between 20-40 are North Carolina Farm Bureau, GEICO and Nationwide


Data shows that the majority of Charlotte drivers fall between ages 20 and 40. This age group pays an average of $699 every six months, but by choosing one of these three companies they could see savings of up to 32%!

Auto insurance premiums for minimum coverage in Charlotte

A large part of determining your car insurance rate is the level of coverage you choose to carry. According to our data, 22% of Charlotte drivers only have the required state minimum. This can certainly keep your rates lower, but it also leaves you at risk of being underinsured if you're involved in an accident.

Opting for full coverage, which is carrying both collision coverage and comprehensive coverage, offers great protection but will also increase your rates. Collision and comprehensive also usually require a deductible. But the deductible is actually an opportunity to fine-tune your cost a bit more. For example, if you want to opt for a higher deductible, such as $2,500, then you'll pay less for your insurance than if you have a $1,000 deductible. But in the event of an accident, you'd need to pay $2,500 instead of only $1,000 before your insurance would kick in to cover the rest.

In many places, options like roadside assistance or uninsured motorist coverage place an added layer of protection onto your policy. However, North Carolina actually requires that drivers carry UMPD at 30/60/25 (the same limits as the state-required liability minimum). This is a good thing, as it will protect you and your vehicle from drivers who don't have proper coverage to pay if you're involved in an accident where the other driver is at fault.

Q: Can I lower my car insurance coverage?

A: Possibly — if your vehicle is paid off.

In Charlotte, 51% of drivers own their cars outright. Usually, if you are leasing or financing your vehicle you'll be required to keep a specific amount of coverage on it. But if you're trying to cut costs and own your vehicle, you may consider dropping collision or comprehensive coverage.

We suggest getting the actual cash value of your car from Kelley Blue Book or another reputable source. If it's worth less than $4,000, you can probably drop your collision coverage and save some money on your premium. Just remember, if you're involved in a collision-type incident you'll be stuck paying for repairs out of pocket.

Cheapest car insurance companies for minimum coverage in Charlotte, NC
Company Avg. 6 Mo. Premium
North Carolina Farm Bureau $227
Erie $260
GEICO $266
State Farm $286
Progressive $319
Nationwide $326
Allstate $524
Updated: 02/03/23.
Coverage Bucket % of The Zebra Customers
Minimum 22%
Basic 39%
Better 22%
Best 17%
  • Minimum: State liability coverage only
  • Basic: State liability + collision and comprehensive (full) coverage
  • Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. This may include additional personal medical benefits and uninsured/underinsured motorist coverage.
  • Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.

39% of The Zebra's customers in Charlotte choose the basic tier of coverage, but that doesn't mean it's right for everyone. As mentioned above, carrying the state minimum required coverage is one way to cut costs, but it can leave you in a tough spot if you're involved in a multi-car accident or an incident involving bodily injuries. North Carolina's 30/60/25 liability limits provide coverage for damage you cause up to $30,000 per person in bodily injury, $60,000 per accident in bodily injury and $25,000 for property damage — this may be fine for straightforward traffic incidents, but not enough for all situations.

North Carolina also requires uninsured motorist protection (UMPD), as well. Learn more about insurance laws in North Carolina.

Vehicle Ownership % of The Zebra Customers
Owned 51%
Leased 44%
Financed 6%

Charlotte car insurance rates by credit score

Credit score may not seem connected to your personal driving habits, but studies actually show that drivers with lower credit tend to take more risks behind the wheel, have more lapses in coverage and file more car insurance claims in general. Most states take the driver's credit score into account when determining their car insurance rate, and North Carolina is no exception. Because of the correlation between credit and driving habits, typically those with lower credit scores will pay higher premiums.

In fact, Charlotte drivers with poor credit (300-579) pay 37% more than drivers with excellent credit (800-850). Research shows most drivers in Charlotte have an "Average" credit score, and for those in this category, North Carolina Farm Bureau is the cheapest company.

car insurance in Charlotte by credit score
Cheapest car insurance companies for bad credit in Charlotte, NC
Company Avg. 6 Mo. Premium
Erie $656
Progressive $692
GEICO $757
North Carolina Farm Bureau $790
Nationwide $1,081
State Farm $1,352
Allstate $1,852
Updated: 02/03/23.

Zebra Tip: If you've improved your credit score, it's time to shop for car insurance!


Drivers in Charlotte who have "Fair" credit pay $264 (16%) less for car insurance in a year than drivers with "Poor" credit. To move up a credit level may only take a few points, depending on where you fall in the tier, so if you've been working to improve your credit it could be a great time to see if you can save money on your car insurance!

Auto insurance rates with an at-fault accident

Although drivers don't set out to get into an at-fault accident, it does happen, and being prepared is important. Collisions and other at-fault accidents are actually the most common type of insurance claims, and they can greatly increase your car insurance premium. In 2022, an at-fault accident increased average rates in Charlotte to anywhere from $49 to $76 per month. If you've been in an at-fault accident and are looking for the cheapest insurance company, North Carolina Farm Bureau is your best bet in Charlotte.

Regardless of where you live, driving safely is the best way to keep car insurance rates affordable. Speeding citations, reckless driving, and DUI or DWI can significantly raise your rates — plus, they'll stay on your record for years after the fact. Sometimes DUI and DWI can even remain on your record for upwards of five years. An increase of $49 to $76 per month may not sound like much, but after three years of those extra costs you could easily end up paying a few thousand dollars on top of your regular rate. 

Cheapest car insurance companies after an at-fault accident in Charlotte, NC
Company Avg. 6 Mo. Premium
North Carolina Farm Bureau $742
Erie $874
State Farm $912
Progressive $1,051
GEICO $1,116
Nationwide $1,351
Allstate $2,357
Updated: 02/03/23.

Charlotte car insurance rates by violation

Check out the table below to see exactly how much a citation or violation could cost you in Charlotte. 

Car insurance rate increases after violations and citations in Charlotte, NC
Accident/Violation Avg. 6 Mo. Premium % Rate Increase $ Rate Increase
None $659 0% $0
One Med/PIP claim $659 0% $0
Not-at-fault accident $671 2% $12
Two Med/PIP claims $685 4% $25
One comp claim $685 4% $25
Two comp claims $705 7% $46
Failure to show documents $780 18% $121
Driving without lights $859 30% $200
Failure to wear a seat belt $859 30% $200
Child safety restraint $859 30% $200
Cell phone violation $907 38% $248
Texting while driving $907 38% $248
Driving with expired registration $919 39% $260
Speeding 6 - 10 MPH over limit $919 40% $260
Operating a vehicle without permission $940 43% $281
Illegal turn $940 43% $281
Failure to stop at a red light $940 43% $281
Driving too slowly $940 43% $281
Wrong way/wrong lane $940 43% $281
Open container $940 43% $281
Failure to yield $940 43% $281
Speeding in school zone $945 43% $286
At-fault accident - less than $1000 $950 44% $291
At-fault accident - $1000-$2000 $950 44% $291
Speeding 11 - 15 MPH over limit $1,004 52% $345
In 65 MPH zone $1,004 52% $345
Speeding 16 - 20 MPH over limit $1,009 53% $350
Speeding 21 - 25 MPH over limit $1,009 53% $350
Improper passing $1,025 55% $366
Following too closely $1,033 57% $374
At-fault accident - greater than $2000 $1,112 69% $453
Passing school bus $1,262 91% $603
Reckless driving $1,273 93% $614
Driving with a suspended license $1,972 199% $1,313
Leaving scene of an accident/hit and run $2,782 322% $2,123
Refusal to submit to a chemical test $2,795 324% $2,136
DUI $2,802 325% $2,143
Racing $2,866 335% $2,207
Updated: 02/03/23.

Zebra Tip: Uninsured property damage coverage


Although an optional add-on in most states, North Carolina actually requires drivers to carry uninsured motorist coverage (also called UMPD), which is there to help you out in the event your vehicle (or yourself) is damaged by an underinsured or uninsured driver.

This coverage typically has a lower deductible and is cheaper than collision coverage. Plus, the rate increase after a UMPD claim can be hundreds of dollars cheaper than after a collision claim.

Why does car insurance in Charlotte seem expensive?

Auto insurance rates vary for many reasons, as we've already explored. Most have to do with your personal details like credit and driving history, but several are out of your immediate control and have more to do with where you live. Charlotte, compared to many other cities, is actually relatively affordable when it comes to car insurance. The city average is less than a hundred dollars above the national average. But sometimes it can still feel pricey, so let's explore a few reasons why this may be.

  • Costs: most cities have experienced an increased cost of living for residents, and usually that also means an increased cost of doing business for auto insurers. 
  • Location: Specific areas throughout the city can vary in price, as you can see from the zip code list shown here. Areas prone to crime, and theft, or having a high number of uninsured drivers are usually areas where it is more expensive to insure your vehicle.

Expensive Charlotte ZIP codes: 28212, 28208, 28205, 28206, 28217

Cheap Charlotte ZIP codes: 28269, 28277, 28210, 28226, 28270

  • Weather: Certain climates or regions that have hurricanes, frequent flooding or experience regular natural disasters will increase the risk for insurance companies, resulting in higher premiums. Weather-related damage is covered under comprehensive coverage, so if you are concerned about possible damage we definitely recommend you carry this as part of your policy in Charlotte.
  • Number of drivers: Population growth in Charlotte means more drivers on the road, and an increase in accidents, which causes insurers to raise their rates (even for good or infrequent drivers). North Carolina requires UMPD coverage, this will be good peace of mind since 27% of Charlotte drivers aren't currently insured. 

The Zebra's customers in Charlotte by insured status
  • Currently insured: 73%
  • Currently uninsured: 27%

Zebra Tip: Use your comprehensive coverage to protect your vehicle against flooding


Damage caused by weather-related events is covered under comprehensive coverage. Although Charlotte isn't known for frequent natural disasters, it still experiences severe weather from time to time. If you've got a nice or newer vehicle, consider if this coverage is right for you.


Bundling insurance policies in Charlotte

Although car insurance prices are increasing across the country, there are still things you can do to help keep your rates more affordable. One of the easiest ways is to bundle your policies. If you have car insurance, renters, or a homeowners policy, combine them to save 10% on premiums. 

When shopping around for new insurance, ask about bundling discounts. If you've already got an agent, give them a call to see if there are discounts you may be eligible for. Learn more about bundling home and car insurance.

bundling home and auto insurance in Charlotte
Cheapest car insurance companies for bundling home and auto insurance in Charlotte, NC

Table could not be displayed.

There are factors beyond your control that affect your car insurance rate. But you can do your part to save — it starts by shopping around and comparing auto insurance quotes with as many companies as you can. Luckily, The Zebra can help you get quotes from great local and national companies to find the most affordable rate that also meets your car insurance needs (and doesn't compromise service). 

Remember to get new quotes a couple of times per year, or at the very least when you celebrate a milestone birthday, move to a new area, improve your credit or experience other life-changing events. Some companies will just be more expensive than others, so don't be afraid to keep your options open and switch companies if it makes sense.

Find the best rates for both auto and home insurance in minutes!

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Frequently asked questions

The average rate for a six-month auto insurance policy in Charlotte is $659, which breaks down to $110 per month. This is more expensive than the North Carolina state average but less than the national average.

North Carolina Farm Bureau is the carrier with the cheapest rates in Charlotte, with prices at about $493 per six-month policy.

Teenagers in Charlotte pay over $1,500 for a six-month policy or $252 per month. Because car insurance is so expensive for teen drivers, we suggest that parents or guardians add teens to their own policy to help keep costs lower.


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How much is car insurance near me? — explore more cities near Charlotte, NC


Recently answered questions about car insurance in Charlotte from real Zebra customers

Car insurance near me in Charlotte

Why was a hit and run listed as an at-fault accident on my insurance?

A hit and run can be considered at-fault for a few different reasons. First, you must have uninsured motorist property damage coverage for the accident to be listed as not-at-fault.
Feb 3, 2019 Charlotte, NC

Will GEICO increase my rates if I file a windshield claim?

This is a tricky question to answer. How a claim will impact your rate is specific to the coverage and company you have.
Aug 4, 2018 Charlotte, NC

Does North Carolina accept proof of insurance on my phone if I were to get pulled over?

Unfortunately, North Carolina does not allow for digital proof of insurance just yet so you will need to print a hard copy to keep in your vehicle. That could always change in the future, but currently, a hard copy is required.
Sep 18, 2016 Charlotte, NC

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.