Car Insurance in Charlotte
Premiums in Charlotte, which are $110 higher than North Carolina's average, are known for being pricey. Therefore understanding premium costs while insuring a vehicle in Charlotte is critical. Who doesn't like to save money? Check out some ways to save on car insurance in Charlotte.
- City Average: $975
- State Average: $865
- National Average: $1,427
Charlotte Car Insurance by Age
The largest decline in premiums between any age group is from the teenage age range to the 20s, as drivers in Charlotte start saving 54% annually. When drivers turn 60, they will experience a car insurance premium increase related to their age for the first time. With average rates of $2,182, teenage drivers pay the most in car insurance premiums. At $954, drivers in their 50s have the smallest insurance payments among any age group. People in their 40s ($963) and 60s ($973) also have relatively low premiums.
- Teenagers: $2,182
- 20s: $998
- 30s: $974
- 40s: $963
- 50s: $954
- 60s: $973
- 70s: $1,019
How Much Does Auto Insurance Cost in Charlotte?
Premiums in Charlotte, which are 13% higher than the state average, are known for being pricey. Therefore saving while insuring a vehicle in Charlotte is important. Keep some money in your pocket by following our tips and saving on auto insurance in Charlotte.
CAR INSURANCE PREMIUMS: CHARLOTTE VS. NATIONAL/STATE MEAN
|City Average||State Average||National Average|
Charlotte Car Insurance by Credit Score
Improving your credit tier from Very Poor credit (300-579) to Exceptional credit (800-850) can save you an average of $210 every year on premiums. The biggest benefit of better credit comes from improving from Good (670-739) to Very Good (740-799), by which drivers can save approximately $81 per year.
CHARLOTTE AUTO INSURANCE RATES BY CREDIT TIER
|Credit Quality||Average Rate|
Charlotte Car Insurance by Gender and Marital Status
Pricing for car insurance premiums in Charlotte is determined by several factors, including gender and marital status. However, premiums for men tend to be only a little cheaper than for women. Rates for those who are widowed or divorced are the same as rates for single individuals. On the other hand, being married (as opposed to single) doesn't drastically alter your premiums, it does cost you a small amount more per year.
CHARLOTTE AUTO INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Charlotte Auto Insurance Costs by Driver Age
In Charlotte, drivers see the most significant drop in premiums when they hit their 20s, as they save an average of 54% from moving out of the teenage age range. Insurance rates for drivers in Charlotte continue to drop through their 50s, but they can anticipate an increase when they hit 60. Drivers in their 50s save money on premiums, as they have the lowest rates among all age groups, paying only $954 a year. However, those in their 40s ($963) and 60s ($973) have premiums that aren't much higher. Teenage drivers have the largest premiums of any age group, with typical car insurance payments of $2,182.
CHARLOTTE CAR INSURANCE PREMIUMS BY DRIVER AGE
Charlotte Car Insurance by Violation or Accident History
Do you realize the impact an accident or violation can have on your car insurance premiums? Speeding 16-20mph above the speed limit can drive up your insurance prices. Individuals with a speeding ticket on their driving record usually pay 50% more per year. Drivers with a DUI in Charlotte need to spend nearly double the average for the city to insure their vehicle. Reckless driving will bump your premiums up as well, with typical rates of $4,121. That is 323% higher than the city average!
AVERAGE CHARLOTTE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|At-fault Accident (damages less than $1,000)||$1,345|
|At-fault Accident (damages greater than $2,000)||$1,487|
|Speeding Ticket (16-20 mph over speed limit)||$1,461|
Charlotte Car Insurance by Credit Rating
The disparity between average car insurance premiums in Charlotte for individuals with Very Poor credit (300-579) and Exceptional credit (800-850) is $210 a year. Drivers can save around 8% per year when they upgrade their credit tier from Good (670-739) to Very Good (740-799).
- Very Poor: $1,156
- Fair: $1,127
- Good: $1,066
- Very Good: $985
- Exceptional: $946
Charlotte Car Insurance by Accident or Violation History
Do you realize the impact an accident or violation can have on your car insurance rates? Drivers with a DUI in Charlotte have rates nearly double the average for the city ($975). Reckless driving will also drive your rates up, with typical rates of $4,121, which are 323% higher than the city average! Insurance rates are affected by at-fault accident history, and more specifically, by how much damage resulted from the accidents. When comparing premiums for drivers with at-fault accidents in Charlotte, those with damages exceeding $2,000 pay $142 more than those with damages less than $1,000.
- DUI: $1,897
- Reckless Driving: $4,121
- At-fault Accident (damages less than $1000): $1,345
- At-fault Accident (damages greater than $2000): $1,487
- Speeding Ticket (16-20 mph over speed limit): $1,461
Charlotte Car Insurance by Gender and Marital Status
Pricing for car insurance premiums in Charlotte is determined by several factors, including gender and marital status. While being single (as opposed to married) doesn't drastically change your premiums, it does save you a small amount on car insurance. In contrast, divorced and widowed individuals pay the same as drivers who are single. The amount by which men's and women's car insurance premiums differ is trivial.
- Female: $980
- Male: $975
- Single: $975
- Married: $982
- Divorced: $975
- Widowed: $975
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
Charles W. Lockhart Insurance Agency, Inc.
4412 Park Rd Charlotte, NC 28209
Hood, Hargett & Associates, Inc.
132 North McDowell Street Charlotte, NC 28204
Cantley Insurance & Financial Services
2101 Sardis Road North Charlotte, NC 28227
4000 Park Rd Charlotte, NC 28209
ISU Wes Connor Agency, Inc.
11301 Golf Links Dr N Charlotte, NC 28277
Lawing-Elvington Insurance Agency, Inc.
6132 Brookshire Blvd Ste B Charlotte, NC 28216
Express Insurance Service, Inc.
4016 Wilkinson Blvd Ste F Charlotte, NC 28208
Jim Boyce Insurance
4425 Randolph Rd, Suite 209 Charlotte, NC 28211
Hutch Ham Agency, Inc.
821 Baxter St Ste 312 Charlotte, NC 28202
440 South Church St Ste 500 Charlotte, NC 28202
Main Street Financial Group dba Main Street Insurance Group
221 W 11th St Charlotte, NC 28202
Access Advantage Auto & Home Agency Inc.
103 West Morehead St. Charlotte, NC 28202
Hub International Southeast
1001 Morehead Square Dr Ste 400 Charlotte, NC 28203
Prestige Insurance Agency, Inc.
2331 Crown Point Executive Dr., Ste. E Charlotte, NC 28227
Allwood Insurance Group, Inc.
3611 Mount Holly Huntersville Rd Ste 205 Charlotte, NC 28216
2309 Randolph Road Charlotte, NC 28207
Gause & Associates
5005 West W.T. Harris Blvd Ste G Charlotte, NC 28269
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Charlotte Car Insurance
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