Compare Cheap Car Insurance Quotes in Raleigh, NC

Compare Cheap Car Insurance Quotes in Raleigh, NC

Find Cheap Auto Insurance Quotes in Your Area

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NC Farm Bureau offers the cheapest minimum-coverage car insurance rates in Raleigh, N.C. based on an analysis of thousands of quotes from North Carolina's largest insurers. A one-year minimum NC Farm Bureau policy cost $372.

Geico had the best rate for full-coverage policies at $887 per year, which was more than $300 cheaper than the next-closest competitor.

Drivers in Raleigh, the state's capital and second-largest city, pay modestly more than the average North Carolinian for car insurance. Minimum coverage in Raleigh is $61 more per year, an increase of less than 14%, while full coverage is 3% more annually, or a $41 increase.

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The best route to affordable rates is comparing auto insurance quotes from multiple insurers. Companies calculate rates in their own ways and have different sets of discounts.

Cheapest auto insurance in Raleigh: NC Farm Bureau

For the cheapest options for minimum liability coverage, Raleigh drivers can go to NC Farm Bureau for coverage, according to our analysis. Geico offered the second-best rates, followed by Erie.

The NC Farm Bureau's rate of $31 per month was less than a dollar cheaper than Geico, which charged only $4 more per year. Erie and State Farm also charged lower rates than the city average.

This graph lists the cheapest car insurance rates in Raleigh.

Find Cheap Auto Insurance Quotes in Your Area

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With only minimum liability coverage, an accident could leave you facing a considerable financial loss — despite the fact that minimum coverage satisfies legal requirements. Medical costs are regularly more expensive than state minimums, and damage to a vehicle can be, as well.

Rank
Company
Annual rate
1MC Farm Bureau$372
2Geico$376
3Erie$398
4State Farm$467
5Progressive$532
6Nationwide$592
7Allstate$808
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Cheapest full-coverage car insurance in Raleigh: Geico

Geico had far and away the best rates for full-coverage car insurance in Raleigh. Erie and NC Farm Bureau had the second- and third-best offerings, both notably cheaper than the city's average offerings.

Geico's annual rate of $887 was $302 less than its next-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.

Rank
Company
Annual rate
1Geico$887
2Erie$1,189
3NC Farm Bureau$1,212
4Progressive$1,223
5State Farm$1,273
6Nationwide$1,985
7Allstate$3,060
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Full-coverage auto insurance gives your vehicle a greater degree of protection with collision and comprehensive coverages.

  • Collision coverage: Protects a driver’s own vehicle from damage resulting from a crash, regardless of who was at fault. Also covers damage from collisions with objects or single-car accidents.
  • Comprehensive coverage: Protects a vehicle from damage caused by natural disasters, hail, theft or something other than a crash.

Cheapest car insurance for drivers with prior incidents

A speeding ticket, DUI or accident will raise insurance rates in almost every situation, and the increase is notable for Raleigh residents. That puts even more emphasis on comparing rates and shopping around to secure the best premiums for your desired coverage.

We’ve identified the cheapest insurers for drivers in Raleigh who have:

Cheapest car insurance in Raleigh after an accident: Erie

The lowest rate for Raleigh drivers with an at-fault accident was from Erie, which had an average annual premium of $1,249. That rate came in at less than those from both NC Farm Bureau ($1,943) and Progressive ($1,962).

Premiums went up an average of $870, or 58%, in Raleigh following an accident. Erie's rate went up only $60 after an accident. No other insurer raised rates by less than $548.

Rank
Company
Annual rate
1Erie$1,249
2NC Farm Bureau$1,943
3Progressive$1,962
4State Farm$2,159
5Nationwide$2,532
6Geico$2,775
7Allstate$4,011
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Accidents raise rates more than 53% overall in North Carolina.

Cheapest car insurance for drivers with a speeding ticket: NC Farm Bureau

Raleigh's top car insurance rate for drivers with a speeding ticket was from NC Farm Bureau. Progressive offered the second-lowest rate, followed by Erie, although the difference between the three was small.

A speeding ticket in Raleigh raised insurance rates, on average, by 40% ($587) overall.

The average rate for Raleigh drivers with a speeding ticket was $1,630 from NC Farm Bureau, just a bit lower than Progressive’s $1,645 and Erie’s $1,681.

Rank
Company
Annual rate
1NC Farm Bureau$1,630
2Progressive$1,645
3Erie$1,681
4Geico$1,725
5State Farm$1,779
6Nationwide$2,396
7Allstate$4,083
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Cheapest car insurance for drivers with DUIs: NC Farm Bureau{#dui}

Drivers in Raleigh with DUI violations will pay around four times as much — a total of $4,659 extra — for full-coverage car insurance compared to drivers with clean records. NC Farm Bureau had the city's best rates at $4,761 annually. That rate was $52 less than Progressive and $150 less than Geico.

NC Farm Bureau's rates jump by 293% for a driver with a DUI, an increase of $3,549. Allstate had a notably large increase, with annual rates rising by $10,048.

Rank
Company
Annual rate
1NC Farm Bureau$4,761
2Progressive$4,813
3Geico$4,911
4Erie$4,922
5State Farm$5,452
6Nationwide$5,471
7Allstate$13,108
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Cheapest car insurance for drivers with poor credit: Progressive

Poor credit will likely raise your insurance costs notably, though not as much as a speeding ticket or accident. In Raleigh, the best rates for drivers with poor credit come from Progressive, which offered an average rate of $1,223.

The Progressive rate was $46 less than that of Erie and $81 less than Geico. On average, poor credit adds $275 to the Raleigh price of full coverage.

Rank
Company
Annual rate
1Progressive$1,223
2Erie$1,269
3Geico$1,302
4NC Farm Bureau$1,397
5Nationwide$2,190
6State Farm$2,190
7Allstate$3,183
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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 $2,216, which was $260 less than the next-lowest rate.

State Farm charged the second least at $2,476, while Erie charged $2,518. Younger drivers, on average, paid $3,516, an increase of 127% or $1,969 from their 30-year-old counterparts.

Insurance companies consider younger drivers much riskier on the road, which raises their rates.

Rank
Company
Annual rate
1Geico$2,216
2State Farm$2,476
3Erie$2,518
4NC Farm Bureau$2,520
5Progressive$2,546
6Nationwide$5,068
7Allstate$7,269
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Options for young drivers looking to cut their insurance costs include:

  • Looking for discounts: You should review your options and check with your insurer to see if you qualify for a range of discounts, including good grade and safe driving discounts, among others.
  • Joining a parent's car insurance policy: This option will likely raise the price of the parent's policy, but it is drastically cheaper than maintaining separate policies.

Best auto insurance companies in Raleigh

The top companies for customer satisfaction in North Carolina were Nationwide, State Farm and Allstate, according to a survey conducted by ValuePenguin.

For more information about each insurer’s customer service rating, visit our North Carolina car insurance guide.

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 spread primarily across two counties. The city itself is just short of a half-million people across 17 ZIP codes.

The cheapest ZIP code in Raleigh is 27607, which encompasses an area just west of downtown, including part of North Carolina State University and Meredeth College. The most expensive ZIP code in the city is 27604, just northwest of downtown and encompassing a set of small neighborhoods.

Rates vary modestly, with just $272 separating the cheapest and most expensive ZIP codes in Raleigh.

ZIP code
Average annual rate
27601$1,677
27603$1,583
27604$1,690
27605$1,444
27606$1,463
27607$1,419
27608$1,444
27609$1,669
27610$1,645
27612$1,478
27613$1,482
27614$1,515
Show All Rows
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Auto theft statistics in Raleigh

Raleigh ranks seventh among the 15 largest cities in North Carolina in cars stolen per 100,000 residents. There were 157 cars stolen per 100,000 inhabitants in 2019.

A total of 748 cars were stolen in 2019 in Raleigh. Apex had the lowest rates of car theft among the 15 largest cities in the state.

Rank
City
Population
Car thefts
Thefts per 100,000
1Apex56,2761628
2Cary172,5257745
3Chapel Hill61,4573659
4Concord96,13899103
5Huntersville58,51265111
6Greenville94,193114121
7Raleigh477,828748157
8Fayetteville209,614385184
9Wilmington124,750258207
10Burlington54,108141261
11Durham280,282758270
12Greensboro298,025987331
Show All Rows

Motor vehicle theft data was pulled from the FBI 2019 North Carolina Crime Report.

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Methodology

Quote data came from every ZIP code in Raleigh and included seven of North Carolina's largest insurers. The sample driver is a 30-year-old man with a 2015 Honda Civic EX and average credit. Rates are for a full-coverage policy, unless otherwise stated.

Insurance rate data came from Quadrant Information Services. Rates were publicly sourced from insurer filings and should be used for comparative purposes only.

Source: FBI North Carolina Crime Report

Ben Breiner is a senior writer at ValuePenguin specializing in auto insurance. He spent ten years in newspapers and has a degree in economics and journalism from the University of Wisconsin.

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.