Cheapest car insurance companies in Raleigh 

A recent data analysis by Insurance.com found the cheapest car insurance companies are State Farm and Erie Insurance in Raleigh for 2023. 

State Farm has the cheapest car insurance rates in Raleigh at an average cost of $1,068 per year.

The cost of car insurance in Raleigh varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.

Here’s a list of insurance companies offering affordable premiums to drivers in Raleigh.

CompaniesAverage 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 

The cheapest auto insurance company in Raleigh for teen drivers is Erie Insurance. For full coverage, its average annual rate for Raleigh drivers is $2,293. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance. 

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible. 

Among the carriers analyzed, Erie Insurance is the cheapest car insurance option for drivers in Raleigh, at $1,239 a year for a full coverage policy.

Drivers in Raleigh stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. Erie Insurance has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,047 a year

If you are a senior driver in Raleigh and looking for a cheap car insurance company, then consider buying insurance from State Farm. It is the cheapest auto insurance company for senior drivers, with an average premium of $1,142 per year

CompanyTeensYoung AdultsAdultsSeniors
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.

Finding the cheapest car insurance in Raleigh requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit. 

Below are some of the cheapest car insurance companies in Raleigh by driver profile.

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.

Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Raleigh.

CompanyAverage annual rates
Nationwide$1,290
Geico$1,505
Progressive$1,727
State Farm$2,525
Allstate$3,741

Nationwide has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Raleigh. Its full coverage car insurance policy costs an average of $1,539 per year for drivers aged 30. 

Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.

CompanyAverage annual premium
Nationwide$1,539
State Farm$1,700
Geico$2,087
Progressive$2,590
Allstate$3,219

According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Raleigh for drivers involved in at-fault accidents, with an average annual cost of $1,738. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget. 

CompanyAverage annual rates
State Farm$1,738
Nationwide$1,875
Progressive$2,644
Geico$2,808
Allstate$4,198

Among the carriers analyzed, Nationwide offers the cheapest auto insurance premiums for drivers with a DUI in Raleigh. On average, its annual full coverage rate is $3,954, making it a significantly cheaper option than other insurance providers.

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers. 

CompanyAverage annual rates
Nationwide$3,954
State Farm$4,501
Geico$6,554
Progressive$6,617
Allstate$8,872

Average car insurance cost in Raleigh 

On average, Raleigh drivers pay $1,703 annually, or $142 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Raleigh is $545.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState 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.

Compare auto insurance rates by city in North Carolina