Are Car Insurance Premiums Going Up or Down in North Carolina?

Most drivers can attest to the fact auto insurance rates commonly increase year-over-year. But car insurance is complicated: reasoning for rate hikes and price cuts may vary, and trends may differ based on the driver's location.

Location is among the primary rating factors used by insurance companies to set rates. The state, city, and ZIP code in which a vehicle is parked and operated help to determine auto insurance rates — this comes down to state laws and the varying risks associated with insuring cars in different areas.

Due to the dynamic nature of car insurance pricing, yearly rate trends vary widely by state. Car insurance rates could be on their way up each year in one state while they drop for drivers a single state over.

Please see trending auto insurance rates in North Carolina. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's car insurance comparison engine allows you to get auto insurance rates based on your specific profile — enter your ZIP below to get started.

Car insurance pricing trends in North Carolina

Average annual auto insurance premiums in North Carolina increased by $46 over the past year. A driver in North Carolina typically pays an average of $947 per year.

The trend in North Carolina is leaning toward pricier car insurance rates. Between 2015 and 2018, rates grew more expensive by an average of $195 each year. Meanwhile, car insurance rates across the nation have increased in recent years, jumping from $1,280 in 2015 to $1,470 in 2018.

Year Avg. Annual Premium — North Carolina Yearly Change — North Carolina Avg. Annual Premium — US Yearly Change — US
2018 $947 $46 $1,470 $32
2017 $901 $99 $1,437 $69
2016 $802 $50 $1,368 $88
2015 $752 $28 $1,280 $51
2014 $724 $54 $1,229 $34
2013 $670 $4 $1,195 -$80
2012 $666 -$41 $1,276 $82

If your rates are increasing faster than those in your state, consider shopping around for a better deal.

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How are auto insurance rates trending in major North Carolina cities?

Auto insurance policies are priced at the ZIP code level with myriad variables influencing local rates. That means drivers can see major differences in their auto insurance rates, based on their ZIP code or city. For example, drivers in Charlotte faced a bigger year-over-year rate increase (5.6%) than their intrastate neighbors in Raleigh (4.4%) between 2018 and 2017.

See below annual rate changes in large North Carolina cities. If your city is expensive — and moving isn't on the table — you can always shop around for a more affordable rate.

City Avg. Premium Increase — 2018 vs. 2017
Charlotte 5.6%
Raleigh 4.4%
Greensboro 4.2%
Durham 4.2%
Durham 4.2%

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The ZebraThe nation's leading independent insurance comparison site

The Zebra is an independent insurance advisor and quote comparison site with headquarters in Austin, Texas. Utilizing its real-time quote comparison tool, The Zebra partners with companies such as Allstate, Liberty Mutual, and Progressive to help consumers browse pricing, coverage, and service level for both home and auto insurance policies.