Cheapest car insurance companies in Raleigh
State Farm and Erie Insurance offer the cheapest car insurance rates in Raleigh for 2023, according to a study by Insurance.com.
State Farm has the cheapest car insurance rates in Raleigh at an average cost of $1,068 per year.
In Raleigh, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| State Farm | $1,068 |
| Erie Insurance | $1,073 |
| North Carolina Farm Bureau | $1,178 |
| Nationwide | $1,458 |
| Geico | $1,527 |
| Penn National Insurance | $1,803 |
| Farmers | $1,952 |
| Progressive | $1,952 |
| UTICA Grp | $1,998 |
| Allstate | $3,026 |
Cheapest car insurance cost in Raleigh by Age Group
In Raleigh, Erie Insurance is the cheapest car insurance company for teenagers, offering full coverage policies at $2,293 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
Erie Insurance is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Raleigh at about $1,239 per year.
For Raleigh drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Erie Insurance provides the cheapest car insurance premiums, offering full coverage policies at $1,047 annually.
With an average annual premium of $1,142, State Farm offers Raleigh's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Erie Insurance | $2,293 | $1,239 | $1,047 | $1,154 |
| State Farm | $2,552 | $1,670 | $1,118 | $1,142 |
| North Carolina Farm Bureau | $2,592 | $1,285 | $1,138 | $1,193 |
| Nationwide | $3,369 | $2,082 | $1,453 | $1,376 |
| Penn National Insurance | $3,642 | $1,803 | $1,803 | $1,803 |
| Farmers | $3,943 | $1,952 | $1,952 | $1,952 |
| Progressive | $3,943 | $1,952 | $1,952 | $1,952 |
| Geico | $4,550 | $1,603 | $1,505 | $1,550 |
| UTICA Grp | $5,141 | $2,014 | $1,971 | $1,963 |
| Allstate | $7,029 | $3,948 | $2,924 | $2,606 |
Cheapest car insurance companies in Raleigh by driver profile
Your driving profile plays an important role in determining your car insurance rates in Raleigh. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
To find the cheapest car insurance company in Raleigh, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
Here's a list of car insurance companies that offer cheap insurance rates in Raleigh based on driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: Nationwide
- Cheapest for accident: State Farm
- Cheapest for DUI: Nationwide
Cheapest for a driver with poor credit: Nationwide
Drivers in Raleigh with poor credit can get the cheapest car insurance from Nationwide at an average cost of $1,290 a year, according to a data study by Insurance.com.
The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,290 |
| Geico | $1,505 |
| Progressive | $1,727 |
| State Farm | $2,525 |
| Allstate | $3,741 |
Cheapest for drivers with a speeding ticket: Nationwide
Based on recent data analysis, 30-year-old drivers in Raleigh with speeding tickets on their driving record can get the cheapest car insurance rates from Nationwide at an annual cost of $1,539.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| Nationwide | $1,539 |
| State Farm | $1,700 |
| Geico | $2,087 |
| Progressive | $2,590 |
| Allstate | $3,219 |
Cheapest auto insurance after an at-fault accident: State Farm
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Raleigh drivers with at-fault accidents. It provides coverage at an average annual cost of $1,738.
| Company | Average annual rates |
|---|---|
| State Farm | $1,738 |
| Nationwide | $1,875 |
| Progressive | $2,644 |
| Geico | $2,808 |
| Allstate | $4,198 |
Cheapest auto insurance after a DUI: Nationwide
In Raleigh, Nationwide has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $3,954 a year.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| Nationwide | $3,954 |
| State Farm | $4,501 |
| Geico | $6,554 |
| Progressive | $6,617 |
| Allstate | $8,872 |
Average car insurance cost in Raleigh
Full coverage car insurance in Raleigh for a coverage limit of 100/300/100 is $1,703 per year or $142 per month, while the state minimum coverage costs an average of $545 a year.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $1,703 | $545 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
