What is the average cost of car insurance in Winston-Salem?
The typical Winston-Salem driver pays $847 per year for auto insurance. That's less than the statewide average in North Carolina ($955) and less expensive than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other factors in Winston-Salem.
WINSTON-SALEM CAR INSURANCE RATES
|Winston-Salem Average (annual)||North Carolina Average||National Average|
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Winston-Salem car insurance costs by company
One of the best ways to save on auto insurance is to compare rates from multiple companies and to choose the insurer that best fits your coverage needs. In Winston-Salem, GEICO provides the most affordable rates for the typical insurance customer. See below the best options for affordable auto insurance in Winston-Salem. Don't forget to get car insurance quotes based on your driving profile.
WINSTON-SALEM CAR INSURANCE RATES BY COMPANY
|Insurance Company||Average Annual Rate|
|North Carolina Farm Bureau||$684|
Winston-Salem car insurance premiums by age
The age bracket that pays the least for auto insurance in Winston-Salem consists of drivers in their 60s, who pay an average of $793. Those in their 50s don't pay much more ($793).
The Winston-Salem drivers facing the priciest insurance rates are teenagers. One of the most effective ways to lower your car insurance rates as a driver in Winston-Salem is to age out of your teens. The gap in cost between the car insurance premiums paid by teenage drivers and drivers in their 20s in Winston-Salem is $972. That's the biggest gap in premiums between any pair of age brackets.
WINSTON-SALEM CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age tier||Average Annual Rate|
Winston-Salem car insurance rates by gender and marital status
Marital status and gender can be contributors to car insurance rates, in some cases. In Winston-Salem, married drivers pay $6 more than single drivers for car insurance. Married drivers enjoy less expensive rates than their single counterparts in most locations, based on data showing they file fewer insurance claims. Rates for those who are widowed are also much cheaper than rates for those who are single.
Gender is another factor that can affect car insurance rates. In Winston-Salem, the gap in car insurance costs between genders is $1 per year, with male drivers paying more than female drivers.
WINSTON-SALEM AUTO INSURANCE RATES: BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Annual Rate|
Winston-Salem car insurance costs by accident and citation history
If you want to keep your car insurance costs reasonable, keep your driving record clean. At-fault accidents, DUIs, reckless driving citations, and speeding tickets all contribute to expensive auto insurance rates, as insurance companies reward low-risk drivers with the gift of affordable rates.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Winston-Salem, a reckless driving citation results in an average insurance rate increase of $728 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $2,992 increase and a speeding ticket triggers a $432 rate hike.
WINSTON-SALEM CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Violation||Average Yearly Rate|
|At-fault Accident (damages < $1,000)||$1,133|
|At-fault Accident (damages greater than $2,000)||$1,386|
|Speeding Ticket (16-20 mph over speed limit)||$1,279|
Winston-Salem car insurance rates by credit tier
Another major insurance rating factor is credit score. Drivers with bad credit histories typically face more expensive car insurance than do drivers with stellar credit. In fact, Winston-Salem drivers who build their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn a 42% decrease in car insurance rates. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Winston-Salem, moving into the "Fair" credit tier corresponds to an average of $344 in savings on insurance each year.
WINSTON-SALEM CAR INSURANCE RATES BY CREDIT SCORE
|Credit Score||Average Annual Rate|
What drives up car insurance rates in Winston-Salem?
Where you live in Winston-Salem affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by ZIP code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Winston-Salem is no exception to the rule. From ZIP code 27110 to 27284, premiums rise by 2 percent—that’s $15.
Expensive Winston-Salem ZIP codes: 27199, 27198, 27127, 27107, 27284
Cheap Winston-Salem ZIP codes: 27110, 27101, 27103, 27104, 27105
Winston-Salem Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads, and decreased visibility.
And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. In Winston-Salem, you can expect 113 rainy days with an annual rainfall of 46 inches. Winston-Salem is also known to experience thunderstorms and occasional hurricanes.
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The average Winston-Salemite's annual cost of coverage
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