Car Insurance with Bad Credit in North Carolina

The Zebra
March 12, 2019

It can be hard to find cheap auto insurance if you have bad credit. Auto insurers use credit score as a major rating factor, setting policy prices based in part on clients' credit histories. Since auto insurance companies use data that show drivers with low credit scores are more likely to file auto insurance claims, they account for for that added risk by assigning expensive rates.

Car insurance rates with a low credit score depends on which company you choose, where you live, and other rating factors. See below average insurance prices for drivers with bad credit in major North Carolina cities and rates from a few of the most popular auto insurance companies, plus a few tips to save on auto insurance if you have a bad credit score in North Carolina.


Auto insurance for drivers with bad credit in North Carolina:

  1. Average premiums
  2. Rates by city
  3. Rates by company

Car insurance rates with bad credit in North Carolina

North Carolina drivers face an average penalty of $136 per year for having a "worst"-tier credit score. A driver in the "poor" or "below fair to poor" credit tiers will also face a penalty.


NORTH CAROLINA AUTO INSURANCE RATES WITH BAD CREDIT

Credit TierAverage Annual Rate in North Carolina
Worst$1,002
Poor$984
Below Fair to Poor$963
Average — All Credit Tiers$865

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Car insurance rates with bad credit in North Carolina cities

Your auto insurance prices also depend on the precise area in which you drive. Insurers rely on your address to better understand your likelihood of filing a claim: the denser your area,, the more you'll pay for insurance.

We've listed major North Carolina cities and their average car insurance rates for drivers with bad credit.


BAD CREDIT CAR INSURANCE RATES IN NORTH CAROLINA CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Charlotte$1,133$1,111$1,090
Raleigh$998$978$957
Greensboro$1,011$992$970
Winston-Salem000
Durham$1,029$1,006$983

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Cheap car insurance companies for bad credit in North Carolina

Another factor that contributes to how much you pay for auto insurance is the auto insurance company you choose. Each auto insurance company rates its policies differently, giving rating factors varying weights in their pricing calculations. Credit score can be a primary pricing differentiator between otherwise-similar car insurance companies. In North Carolina, the cheapest insurance company with bad credit is State Farm, which offers a premium cut of $80 per annum in comparison to the next-cheapest company, Progressive.

See below prices from major auto insurance companies in North Carolina for drivers with bad credit.


NORTH CAROLINA CAR INSURANCE RATES WITH BAD CREDIT — BY COMPANY

CompanyAverage Annual Rate — Worst Credit Tier
State Farm$848
Progressive$928
Integon National Insurance Company$967
Nationwide$1,010
Erie$1,026

If you're dealing with the difficulty of finding auto insurance with a low credit score, remember these tips:

  1. Get car insurance quotes
  2. Be smart with your claims
  3. Know what goes into auto insurance rates

Compare rates from top car insurance companies.