What's the Average Cost of Car Insurance in Charlotte?
Insurance isn't usually the first thing that comes to mind when you picture yourself on the open road. However, every driver in North Carolina is required to have at least basic minimums of property damage liability and bodily injury liability to stay protected in case of an accident. Luckily, North Carolina premiums are $628 lower than the national average, which is why the state is known for its economical rates.
While premiums in the city are also relatively low, it is always a good idea to see how your insurance company calculates what you pay to insure a vehicle in Charlotte. Plus, who doesn't want to try and save money? Check out some ways to help you find cheap car insurance in Charlotte.
AUTO INSURANCE PRICES: CHARLOTTE VS. NATIONAL/STATE AVERAGES
|City Average||State Average||National Average|
Charlotte Car Insurance by Age Bracket
Your age plays a big part in how your insurance premiums are determined. While there's really nothing you can do about your age (except wait), knowing how car insurance companies use it to calculate your rates is important. So, which age group is more likely to find cheap car insurance?
Perhaps unsurprisingly, car insurance premiums are highest for teenage drivers, with average payments of $2,497 per year. The most significant reduction in premiums between any age group is from the teenage age range to the 20s, as drivers in Charlotte start paying $1,524 less in premiums. Turning 60 triggers a rise in car insurance premiums, but up until that age drivers can anticipate premium reductions when they move between age groups. Among all age groups, drivers in their 70s have the smallest car insurance premiums, with rates of $973. People in their 50s and 60s have premiums that aren't much higher, with premiums of $1,010 and $1,021, respectively.
CHARLOTTE CAR INSURANCE COSTS BY DRIVER AGE
Charlotte Car Insurance by Gender and Marital Status
Pricing for car insurance premiums in Charlotte is dictated by several things, including gender and marital status. While being married (as opposed to single) doesn't drastically affect your premiums, it does save you a small amount on car insurance. On the other hand, widowed and divorced individuals pay the same as drivers who are single. Unfortunately for women, the cost of insuring a vehicle is normally slightly more costly than it is for men.
CHARLOTTE AUTO INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Charlotte Auto Insurance After Accidents or Violations
If you have a spotty driving history, you can expect your car insurance rates to rise. It's likely that your insurance company will see you as a liability if you have a number of accidents or other infractions on your record. But just how much can your driving record impact what you pay for your policy?
Many people may not realize how much an at-fault accident or violation can raise their car insurance rates. For instance, a DUI will increase your car insurance premiums more than other driving violations. Drivers with a DUI in Charlotte have rates over 4x the average for the city of $1,094. Reckless driving will also bump your premiums up, with typical rates of $2,019! The amount of damage caused by an accident plays a part in how significantly insurance rates will climb. For individuals in Charlotte with at-fault accidents in which damages exceeded $2,000, rates are an average of 20% more than at-fault accidents with damages less than $1,000. Keeping a clean driving record can help you in your search for cheap car insurance.
AVERAGE CHARLOTTE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Violation/Incident||Average Insurance Rate|
|At-fault Accident (damages less than $1,000)||$1,524|
|At-fault Accident (damages greater than $2,000)||$1,823|
|Speeding Ticket (16-20 mph over speed limit)||$1,652|
Charlotte Auto Insurance by Credit Level
If you have a less than stellar credit score, finding affordable car insurance may be a bit tricky. Your insurance company can use your credit rating when calculating what you'll pay for your policy. Car insurance companies have found a direct link between those with lower credit scores and the likelihood that they will file a claim. If your credit isn't shipshape, then you can expect your rates to climb. What difference can your credit history make in what you pay for vehicle coverage?
The variance between average car insurance premiums in Charlotte for those with Very Poor credit (300-579) and Exceptional credit (800-850) is $695 per year. Drivers will see the largest drop in premiums when they boost their credit from Very Poor (300-579) to Fair (580-669). That change can save them $493 per year. As such, keeping an eye on your credit score can be a big factor in finding cheaper car insurance.
CHARLOTTE CAR INSURANCE COSTS BY CREDIT TIER
|Credit Quality||Average Rate|
What drives up car insurance rates in Charlotte?
Where you live in Charlotte 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 Charlotte is no exception to the rule. From zip code 28115 to 28105, premiums rise by 11 percent—that’s $82.
Expensive Charlotte Zip Codes: 28277, 28273, 28270, 28134, 28105
Cheap Charlotte Zip Codes: 28115, 28213, 28215, 28227, 28262
Charlotte Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Charlotte, you can expect 110 rainy days with an annual rainfall of 41.6 inches. Charlotte is also known to experience thunderstorms and occasional hurricanes. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Charlotte Agents
Lawing-Elvington Insurance Agency, Inc.
6132 Brookshire Blvd Ste B Charlotte, NC 28216
2309 Randolph Road Charlotte, NC 28207
Hutch Ham Agency, Inc.
821 Baxter St Ste 312 Charlotte, NC 28202
Cantley Insurance & Financial Services
2101 Sardis Road North Charlotte, NC 28227
Jim Boyce Insurance
4425 Randolph Rd, Suite 209 Charlotte, NC 28211
Express Insurance Service, Inc.
4016 Wilkinson Blvd Ste F Charlotte, NC 28208
Hub International Southeast
1001 Morehead Square Dr Ste 400 Charlotte, NC 28203
Main Street Financial Group dba Main Street Insurance Group
221 W 11th St Charlotte, NC 28202
Hood, Hargett & Associates, Inc.
132 North McDowell Street Charlotte, NC 28204
Charles W. Lockhart Insurance Agency, Inc.
4412 Park Rd Charlotte, NC 28209
ISU Wes Connor Agency, Inc.
11301 Golf Links Dr N Charlotte, NC 28277
Allwood Insurance Group, Inc.
3611 Mount Holly Huntersville Rd Ste 205 Charlotte, NC 28216
Gause & Associates
5005 West W.T. Harris Blvd Ste G Charlotte, NC 28269
4000 Park Rd Charlotte, NC 28209
Prestige Insurance Agency, Inc.
2331 Crown Point Executive Dr., Ste. E Charlotte, NC 28227
Access Advantage Auto & Home Agency Inc.
103 West Morehead St. Charlotte, NC 28202
440 South Church St Ste 500 Charlotte, NC 28202
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