Finest Automobile Insurance coverage North Carolina: Prime Firms in 2022 – MarketWatch

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North Carolina drivers can find the best car insurance with companies that combine comprehensive coverage options with affordable car insurance rates. Since every driver has a different insurance preference and driving record, it can be beneficial to research several companies and get car insurance quotes from your top choices.
We at the Home Media reviews team have compiled a list of the five providers in North Carolina that offer the best car insurance. We’ll explain each provider’s cost, coverage and customer service reputation below.
During our industry-wide review, we found that State Farm, Geico, Erie Insurance, Nationwide and North Carolina Farm Bureau Insurance provide the best car insurance in North Carolina. Each company offers cheap car insurance rates and a variety of policy options.
There are several options for North Carolina car insurance, which can make shopping for coverage overwhelming. To make it easier, we’ve researched and ranked providers based on several criteria, including the following:
*Our research team considers nationwide factors when rating providers. The ranking order of providers in this table is specific to car insurance in North Carolina.
When determining provider scores in areas like customer satisfaction and reputation, we analyzed data and scores from the Better Business Bureau (BBB), AM Best financial strength ratings, J.D. Power consumer studies and our nationwide car insurance survey, which polled nearly 7,000 respondents on overall customer satisfaction.
If you want to know more about the best car insurance in North Carolina, the sections below provide more detailed information on our top picks for the Tar Heel State.
J.D. Power rating: 855/1,000
AM Best financial strength rating: A++
BBB rating: A+
If you’re looking for an established provider with strong local coverage, State Farm may be the right choice for you. It’s the nation’s largest car insurance provider, writing over $41 billion in direct premiums in 2021. With State Farm, you can get your questions answered by local agents in over 80 North Carolina cities.
In addition, the provider’s mobile app — which is highly rated on Google Play and the App Store — makes it easy for drivers to pay bills and file claims.
Our review team reached out to State Farm for a comment on its average customer reviews and received the following response:
“We are proud of the remarkable service provided by more than 19,000 State Farm agents in communities across our nation. We’ve been there to help our customers prepare for and recover from the unexpected for the last 100 years. We remain the nation’s number one auto insurer and are pleased more customers continue to choose State Farm.”
State Farm offers a solid range of car insurance coverage options, including full coverage and minimum coverage. These are:
Our research found that State Farm provides some of the industry’s best car insurance discounts for teen drivers and young drivers, with a student discount of up to 25%. Teens and young adults can also participate in the Steer Clear® program to save on car insurance costs.
State Farm ranks better than most insurance providers across consumer studies. In the J.D. Power 2022 U.S. Insurance Shopping Study, the company scored the highest in the large insurers category, earning 885 points out of a possible 1,000.
In our August 2022 national car insurance survey, we found that 19% of respondents had a State Farm car insurance policy. That made it the most popular provider in our survey. Participants gave the insurer a 4.2 out of 5.0 rating for overall customer satisfaction.
Read more: State Farm insurance reviews
J.D. Power rating: 843/1,000
AM Best financial strength rating: A++
BBB rating: A+
If you’re shopping for car insurance on a budget, Geico is worth considering. The insurer is one of the most affordable in North Carolina. It provides standard car insurance, and drivers can purchase mechanical breakdown insurance, which is coverage similar to an extended car warranty. Geico offers several discount opportunities and a usage-based program called DriveEasy, which reduces premiums for good drivers.
Geico has limited car insurance offerings for North Carolina drivers compared to other insurers. The company provides standard car insurance coverage and three add-on options: emergency roadside assistance, rental car reimbursement and mechanical breakdown insurance.
Geico’s reputation is slightly below average within the industry. The company scored 843 out of 1,000 points in the Southeast region in the J.D. Power U.S. Auto Insurance Study. This score is just below the regional average of 849 points.
Our review team reached out to Geico for a comment on these scores but did not receive a response.
We found that 16% of the nearly 7,000 respondents in our August 2022 customer satisfaction survey had Geico car insurance policies, That made it the third most popular provider in our survey. Geico policyholders rated the company 4.1 out of 5.0 for overall customer satisfaction.
Read more: Geico insurance reviews
J.D. Power rating: 868/1,000
AM Best financial strength rating: A+
BBB rating: A+
As a regional car insurance provider, Erie provides plans tailored to your situation by one of its many local agents. North Carolina drivers can find an array of coverage options that many other providers don’t offer — like auto glass repair and personal item coverage. Plus, the insurer received one of the highest scores for the Southeast region in the J.D. Power U.S. Auto Insurance Study.
Erie provides all standard types of car insurance coverage in addition to offering several add-on options. These include:
With Erie, North Carolina drivers can find an array of discounts for policy bundling, safe driving, student drivers and paying your entire premium up front.
During our research, we found that Erie ranks well in consumer studies focused on the car insurance shopping process and overall customer satisfaction. In the J.D. Power U.S. Insurance Shopping Study, Erie scored the second highest in the midsize insurers category, coming in behind The Hartford at 878 points out of 1,000.
Erie also received high customer satisfaction ratings from policyholders in our August 2022 survey. The respondents with an Erie Insurance policy gave the company 4.4 out of 5.0 for overall customer satisfaction, the second highest overall in our survey.
J.D. Power rating: 850/1,000
AM Best financial strength rating: A+
BBB rating: A+
Nationwide’s average full-coverage car insurance premium for North Carolina drivers is about 29% below the state average. In fact, we determined that the company tends to be the most affordable in the state for most drivers. You can find plenty of car insurance options with Nationwide, from standard coverage to accident forgiveness.
Nationwide stands out from other national insurance providers because of its wide variety of insurance offerings. Like Erie, it offers standard car insurance coverage and several add-on options like these:
North Carolina drivers can take advantage of the company’s numerous discount opportunities, such as multi-policy, defensive driving and anti-theft. Also, Nationwide’s SmartRide® program gives discounts for customers who drive safely.
Nationwide has an average customer service reputation. The company received 850 points out of 1,000 in the J.D. Power U.S. Auto Insurance Study, just one point above the regional average. And in the J.D. Power U.S. Insurance Shopping Study, the insurer scored five points below the industry average with 858 out of 1,000 points.
Our review team reached out to Nationwide for a comment on these scores but did not receive a response.
In our August 2022 survey, about 3% of the nearly 7,000 respondents had a Nationwide car insurance policy. Participants gave the company a score of 4.1 out of 5.0 for customer satisfaction.
Read more: Nationwide insurance reviews
J.D. Power rating: 844/1,000
AM Best financial strength rating: A
BBB rating: A-
If you’re looking for local car insurance coverage in the Tar Heel State, North Carolina Farm Bureau Insurance is worth considering. It’s one of the cheapest car insurance companies in the state, based on our estimates. Drivers can find standard auto insurance coverage options in addition to roadside assistance.
North Carolina Farm Bureau Insurance has limited coverage options for drivers. The company offers standard types of car insurance as well as roadside assistance coverage.
North Carolina Farm Bureau Insurance’s reputation is below the industry average. In the J.D. Power U.S. Auto Insurance Study, the company received 844 out of 1,000 points. The regional average was 849 points.
 
Our review team reached out to North Carolina Farm Bureau Insurance for a comment on its score but did not receive a response.
Before you decide on an auto insurance policy, shop around for coverage and get quotes from providers you’re interested in. Here are a few things to consider when looking for the best North Carolina car insurance.
Each state sets its own requirements for car insurance coverage. In North Carolina, the state minimum requirements include liability coverage with the following limits:
The minimum liability limits for the state won’t protect you or your vehicle if you’re in a car accident. It will only protect other vehicles involved in an at-fault accident and their passengers. If you want to protect yourself, your passengers and your vehicle, consider purchasing a full-coverage car insurance policy, which includes liability, comprehensive and collision coverage.
Your car insurance costs will depend on factors like your location, driving history and credit score. Think about how much car insurance coverage you want versus how much you need. Do you have children or a significant other on your policy? How much coverage do they need to drive?
Use all of this information to formulate what you need and a budget for how much you’re willing to pay for a policy.
Do you have a car loan or lease? If so, you may be required to purchase additional coverage beyond the state minimum. Many lenders require drivers to carry full-coverage policies as well as gap insurance in some cases.
Based on our car insurance rate estimates from Quadrant Information Services, a full-coverage car insurance policy in North Carolina costs $114 per month or $1,368 per year on average. This is about 21% cheaper than the national average of $1,730 per year. These averages are based on a 35-year old driver with a good credit score and clean driving record.
Car insurance rates also vary within states. Different parts of North Carolina have different risk factors related to population, climate and more. That’s why someone living in Asheville may pay different rates than their friend living in Greensboro even if all other factors are the same.
The table below shows the average car insurance rates for cities in North Carolina.
*Car insurance averages by city are based on the three most popular providers per location.
Most car insurance companies offer discounts for North Carolina drivers. While the exact options and driver discounts will vary, most providers offer the following discounts:
The best North Carolina car insurance providers are State Farm, Geico, Erie, Nationwide and North Carolina Farm Bureau Insurance. Drivers can find affordable rates and comprehensive car insurance options with these providers.
Below are frequently asked questions about the best car insurance in North Carolina:
Based on our research, we found that State Farm provides the best North Carolina car insurance. The company received the top spot in our industry-wide review of the best car insurance companies.
According to our rate estimates, the average 35-year-old driver pays $114 per month or $1,368 per year for full-coverage car insurance in North Carolina.
Yes, on average, North Carolina car insurance costs about 21% less than the national average of $1,730.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
*Data accurate at time of publication.
 
Reviewed by: Nick Vitali
Vice President & Co-Owner, All About Insurance
Nick is a licensed insurance agent and co-owner of All About Insurance and has more than 14 years of experience specializing in personal lines insurance. All About Insurance has 12 locations across North Carolina and has served over 40,000 clients since 1993.
 
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