Compare Cheap Car Insurance Quotes in Raleigh, NC
Geico has the cheapest full-coverage car insurance in Raleigh, at $74 per month. NC Farm Bureau tied with Geico for cheapest minimum coverage quotes, at $31 per month.
Find Cheap Auto Insurance Quotes in Raleigh
Best car insurance companies in Raleigh
Drivers in Raleigh, the state's second-largest city, pay $61 more per year (an increase of less than 14%) than the average North Carolinian for minimum coverage and $41 more full (3%) for full coverage.
The best route to affordable car insurance is comparing quotes from multiple companies. Each calculates rates in their own way and has different discounts.
Cheapest car insurance in Raleigh: Geico
Geico had the best rates by far for full-coverage car insurance in Raleigh. Erie Insurance and NC Farm Bureau Insurance were second and third, with much cheaper rates than the city's average.
Geico's annual rate of $887 ($74 per month) was $302 less than its closest competitor.
Erie's rate was $1,189, NC Farm Bureau's was $1,212 and Progressive's was $1,223. Geico's rate was 43% cheaper than the city average.
Find Cheap Auto Insurance Quotes in Raleigh
Cheapest full-coverage car insurance in Raleigh
Company | Monthly rate | |
|---|---|---|
| Geico | $74 |
| Erie | $99 |
| NC Farm Bureau Insurance | $101 |
| Progressive | $102 |
| State Farm | $106 |
Cheapest liability insurance quotes in Raleigh: NC Farm Bureau Insurance
For the cheapest minimum liability coverage, Raleigh drivers can go to North Carolina Farm Bureau Insurance. Geico offered the second-best rates, followed by Erie Insurance.
NC Farm Bureau Insurance offers the cheapest minimum coverage in Raleigh, NC, based on an analysis of thousands of quotes from the state's largest companies. The company's rate of $31 per month was less than a dollar cheaper than Geico's monthly rate, which only added up to $4 more per year. Erie and State Farm also charged lower rates than the city average.
Find Cheap Auto Insurance Quotes in Raleigh
Cheapest minimum-coverage car insurance in Raleigh, NC
Company | Monthly rate |
|---|---|
| NC Farm Bureau Insurance | $31 |
| Geico | $31 |
| Erie Insurance | $33 |
| State Farm | $39 |
| Progressive | $44 |
Cheapest car insurance for young drivers: Geico
Geico offered the best rates for young drivers in Raleigh. The average rate for an 18-year-old was $185 per month, which was $260 per year less than the next-lowest rate.
State Farm charged the second least, at $206 per month, while Erie Insurance charged $210 per month. Younger drivers, on average, paid $3,516 per year. That's 127% more ($1,969) than rates for their 30-year-old counterparts.
Insurance companies raise rates because they consider younger drivers much riskier.
Company | Monthly rate |
|---|---|
| Geico | $185 |
| State Farm | 206 |
| Erie Insurance | $210 |
| NC Farm Bureau Insurance | $210 |
| Progressive | $212 |
Options for young drivers looking to cut insurance costs include:
- Looking for discounts: Review your options with your insurance company to see if you qualify for a discount for good grades, safe driving,or something else.
- Joining a parent's car insurance policy: This option will likely raise the price of your parent's policy, but it is drastically cheaper than separate policies.
Cheapest car insurance for drivers with a speeding ticket: NC Farm Bureau Insurance
Raleigh's top car insurance rate for drivers with a speeding ticket was from NC Farm Bureau Insurance. Progressive offered the second-lowest rate, followed by Erie Insurance, although the differences between the three were small.
A speeding ticket raised insurance rates in Raleigh, on average, by 40% ($587).
The average monthly rate for Raleigh drivers with a speeding ticket was $134 from NC Farm Bureau Insurance, just a bit lower than Progressive's $137 and Erie's $140.
Cheapest car insurance for Raleigh drivers with a speeding ticket
Company | Monthly rate |
|---|---|
| NC Farm Bureau Insurance | $134 |
| Progressive | $137 |
| Erie Insurance | $140 |
| Geico | $144 |
| State Farm | $148 |
Cheapest car insurance in Raleigh after an accident: Erie Insurance
The lowest rate for Raleigh drivers at fault for an accident was from Erie Insurance, which had an average annual premium of $104. That rate came in less than quotes from both NC Farm Bureau Insurance ($162) and Progressive ($164).
Premiums went up an average of $870, or 58%, in Raleigh following an accident. (Overall state rates jumped 53%.) Erie's rate went up only $60 annually. No other company raised rates by less than $547 annually.
Cheapest car insurance after an accident
Company | Monthly rate |
|---|---|
| Erie Insurance | $104 |
| NC Farm Bureau Insurance | $162 |
| Progressive | $164 |
| State Farm | $180 |
| Nationwide | $211 |
Cheapest car insurance for drivers with a DUI: NC Farm Bureau Insurance
Drivers in Raleigh with a DUI violation will pay around four times as much — $4,659 extra annually — for full coverage as drivers with a clean record. NC Farm Bureau Insurance had the city's best rates, at $4,761 annually ($397 per month). That rate was $52 less than Progressive's and $150 less than Geico's.
NC Farm Bureau's annual rates jumped by 293% for a driver with a DUI, which is an increase of $3,549. Allstate had a very large increase of $10,048.
Cheapest car insurance for Raleigh drivers with a DUI
Company | Monthly rate |
|---|---|
| NC Farm Bureau Insurance | $397 |
| Progressive | $401 |
| Geico | $409 |
| Erie Insurance | $410 |
| State Farm | $452 |
Cheapest car insurance for drivers with poor credit: Progressive
Poor credit will likely raise your insurance costs, but not as much as a speeding ticket or accident would. In Raleigh, the best rates for a driver with poor credit came from Progressive, at $102.
The Progressive's rate was $46 less annually than Erie's and $79 less annually than Geico's. On average, poor credit added $275 to the annual price of full coverage in Raleigh.
Cheapest car insurance for poor credit
Company | Monthly rate |
|---|---|
| Progressive | $102 |
| Erie Insurance | $106 |
| Geico | $109 |
| NC Farm Bureau Insurance | $116 |
| Nationwide | $183 |
Average car insurance costs in Raleigh by neighborhood
Raleigh is at the heart of a fast-growing metro area of nearly 1.4 million people, who are spread primarily across two counties. The city itself has just under a half-million people in 17 ZIP codes.
The cheapest ZIP code in Raleigh is 27607, which includes an area just west of downtown that's home to North Carolina State University and Meredith College. The most expensive ZIP code in the city is 27604, a set of small neighborhoods northwest of downtown.
Rates vary a little, with just $23 separating the cheapest and most expensive ZIP codes in Raleigh.
ZIP code | Average monthly rate |
|---|---|
| 27601 | $140 |
| 27603 | $132 |
| 27604 | $141 |
| 27605 | $120 |
| 27606 | $122 |
Auto theft statistics in Raleigh
Of the 15 largest cities in North Carolina, Raleigh ranks seventh in cars stolen per 100,000 residents. That number was 157 in 2019.
A total of 748 cars were stolen in 2019 in Raleigh. Apex had the lowest theft rate of those largest cities.
Rank | City | Population | Car thefts | Thefts per 100,000 |
|---|---|---|---|---|
| 1 | Apex | 56,276 | 16 | 28 |
| 2 | Cary | 172,525 | 77 | 45 |
| 3 | Chapel Hill | 61,457 | 36 | 59 |
| 4 | Concord | 96,138 | 99 | 103 |
| 5 | Huntersville | 58,512 | 65 | 111 |
| 6 | Greenville | 94,193 | 114 | 121 |
| 7 | Raleigh | 477,828 | 748 | 157 |
| 8 | Fayetteville | 209,614 | 385 | 184 |
| 9 | Wilmington | 124,750 | 258 | 207 |
| 10 | Burlington | 54,108 | 141 | 261 |
| 11 | Durham | 280,282 | 758 | 270 |
| 12 | Greensboro | 298,025 | 987 | 331 |
Motor vehicle theft data was pulled from the FBI 2019 North Carolina Crime Report.
What's the best car insurance coverage in Raleigh, NC?
With only minimum liability coverage, an accident could be a huge financial loss. It satisfies legal requirements, but medical costs are regularly more expensive than state minimums, and vehicle repairs can be, too.
gives you more protection, with .
- Collision coverage: Protects your own vehicle if a crash causes damage, regardless of who was at fault. It also covers damage from collisions with objects and single-car accidents.
- Comprehensive coverage: Pays for repairs to your car if it's damaged by a natural disaster, hail, theft or something other than a crash
Methodology
Quotes came from every ZIP code in Raleigh and included seven of North Carolina's largest insurance companies. Rates were for a full-coverage policy for a 30-year-old man with a 2015 Honda Civic EX and average credit, unless otherwise stated.
Insurance rate data came from Quadrant Information Services. Rates were publicly sourced from company filings and should be used for comparative purposes only.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.