One of the more important factors that are looked at to help calculate the annual cost of car insurance is where you live in Charlotte. More populated areas are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The table below rates the highest-priced places in North Carolina for used cars to purchase car insurance in. Charlotte ranks #3 with the annual price of $840 for coverage, which is approximately $70 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $891 |
| 3 | Charlotte | $840 |
| 4 | Gastonia | $803 |
| 5 | Greensboro | $786 |
| 6 | Wilmington | $781 |
| 7 | Durham | $773 |
| 8 | Raleigh | $767 |
| 9 | Greenville | $760 |
| 10 | Cary | $749 |
| 11 | Apex | $747 |
| 12 | Goldsboro | $743 |
| 13 | Huntersville | $742 |
| 14 | Wilson | $732 |
| 15 | Hickory | $732 |
| 16 | Indian Trail | $731 |
| 17 | Rocky Mount | $726 |
| 18 | High Point | $723 |
| 19 | Winston Salem | $716 |
| 20 | Chapel Hill | $703 |
| 21 | Kannapolis | $697 |
| 22 | Burlington | $692 |
| 23 | Salisbury | $684 |
| 24 | Asheville | $681 |
| 25 | Concord | $669 |
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Information shown are approximated as the specific garaging location can lower or raise premium rates noticeably.
The car, truck, or SUV driven is a large factor when comparison shopping for the most economical auto insurance for used cars. Vehicles with lower performance, an excellent safety record, or a track record of few liability claims will cost significantly less to insure than high performance models.
The data below outlines auto insurance prices for some of the most affordable vehicles to insure in North Carolina.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Odyssey EX W/Rear Entertainment | $1,311 |
| Ford Escape Limited 2WD | $1,323 |
| Honda CR-V EX-L 4WD | $1,332 |
| Dodge Grand Caravan Crew | $1,362 |
| Toyota Camry XLE | $1,407 |
| Ford Edge SE 2WD | $1,427 |
| Chevrolet Malibu LTZ | $1,432 |
| Toyota Corolla XRS | $1,442 |
| Ford F-150 Lariat Crew Cab Platinum 2WD | $1,432 |
| Toyota Prius | $1,434 |
| Volkswagen Jetta 2.0T Station Wagon | $1,514 |
| Kia Optima SX | $1,531 |
| Toyota RAV4 Limited 2WD | $1,535 |
| Ford Explorer XLT 2WD | $1,555 |
| Chevrolet Impala LT | $1,642 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,644 |
| GMC Sierra SLE Extended Cab 4WD | $1,652 |
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can change rates greatly.
Based upon the table data, we can tell that cars like the Honda Odyssey, Ford Escape, Honda CR-V, and Dodge Grand Caravan are a few of the less-costly vehicles to insure for pre-owned vehicles.
Accidents and violations increase rates
The easiest way to get affordable car insurance rates in North Carolina for pre-owned vehicles is to pay attention while driving and avoid tickets and accidents. The information below shows how speeding tickets and accident claims can influence insurance costs for different ages of insureds. Data assumes a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of a car insurance policy in Charlotte per year with no violations or accidents is $1,017. Factor in two speeding tickets and the average cost increases to $1,441, an increase of $424 each year. Now add one accident along with the two speeding tickets and the annual cost of car insurance for used cars goes up to an average of $1,864. That’s an increase of $846, or $71 per month, just for not being more responsible behind the wheel!
The diagram below illustrates how choosing a deductible can impact insurance costs when getting quotes for cheap insurance for used cars. The rates are based on a married female driver, full coverage, and no additional discounts are factored in.
A 30-year-old driver could cut expenses by $236 a year by switching from a $100 deductible up to a $500 deductible, or save $356 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, have the ability to save up to $504 or even more just by choosing higher deductibles.
When choosing a higher deductible, it’s a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Picking a highly-rated insurance provider is hard considering how many different companies there are to choose from in Charlotte. The information listed below could help you select which car insurance companies to look at when trying find the best insurance for used cars. The ratings below are for companies with a national presence, so companies that focus mainly on North Carolina business will not be included in these rankings.
Top 10 Large Auto Insurance Companies in Charlotte Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
If you would rather have some advice when trying to find the best insurance rates for pre-owned vehicles, the agents below can provide answers to your questions and help you determine which is the best policy. To locate an agency close to you, click the link at the bottom or click here to compare price quotes.
- Nationwide Insurance: Ed Cantey Insurance Agency Inc
5534 Albemarle Rd Ste 105 – Charlotte, NC 28212 – (704) 563-7777 - GEICO Insurance Agent
4651 South Blvd Suite B – Charlotte, NC 28209 – (704) 523-2886 - Sarah Highfill – State Farm Insurance Agent
7845 Colony Rd – Charlotte, NC 28226 – (704) 541-9999 - Denis Wilson – State Farm Insurance Agent
1850 E 3rd St #360 – Charlotte, NC 28204 – (704) 376-4088 - Todd Younker – State Farm Insurance Agent
7725 Matthews-Mint Hill Road – Charlotte, NC 28227 – (704) 545-9111
More insurance agents in Charlotte, NC
How to find the cheapest insurance for used cars
Below you’ll find some penny-pinching suggestions that can help drivers locate more affordable coverage.
- Higher credit scores may earn you cheaper rates
- Keep your driving record clean
- Do not get into accidents
- Raise deductibles to save money
- Save money by insuring older vehicles for liability only
- Vehicles with good safety ratings have lower liability rates
- Compare rates once a year for cheaper prices
The last item on the list is extremely necessary, as we emphasized in this write-up. Prices charged by auto insurers adjust often, so don’t be tentative to buy from a new company if a cheaper price is available.
Having a favorite company is fine, but it’s not a great idea if that loyalty ends up costing hundreds every year. Take a couple minutes and compare prices to find cheaper insurance for used cars in Charlotte.