Wouldn’t it be nice if we could magically tell you the one perfect auto insurance company that has the cheapest policy rates for government employees? It’s not quite that easy, unfortunately, as there are a ton of unknowns like your age, what physical damage coverage deductibles you want, and if you own a home, that all have an effect on the price. This article covers the best ways to shop for cheaper coverage and will give you a jump start in finding the best auto insurance in Charlotte.
The vehicle on the policy is a large factor that determines whether or not you find the best insurance for government employees. Vehicles with reasonable performance levels, excellent safety ratings, or a low likelihood of liability claims will cost substantially less to insure than high performance models.
The information below illustrates coverage premiums for a handful of the most budget-friendly vehicles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,285 |
| Ford Explorer XLT 2WD | $1,291 |
| Honda Accord LX 4-Dr Sedan | $1,297 |
| Honda CR-V EX-L 4WD | $1,331 |
| Toyota RAV4 Limited 4WD | $1,358 |
| Toyota Camry SE | $1,432 |
| Toyota Prius | $1,435 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,457 |
| Toyota Tacoma 2WD | $1,467 |
| Ford Fusion SE 4-Dr Sedan | $1,459 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,464 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,459 |
| Chevrolet Equinox LS AWD | $1,486 |
| Chevrolet Impala LS | $1,498 |
| Ford Edge Limited 2WD | $1,508 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Prices do not factor in garaging location in Charlotte, NC which can change coverage prices significantly.
Based upon the rates shown, we can assume that vehicles like the Ford Escape, Ford Explorer, Honda Accord, and Honda CR-V are likely to be some of the cheaper vehicles to insure for state and federal workers.
Shopping around for budget car insurance is not easy, and figuring out which companies have the most affordable car insurance rates for government employees may require more quotes for comparison.
Each insurer has a different formula to set policy rates, so we’ll go over the lowest cost car insurance companies in North Carolina. We do need to point out that North Carolina car insurance rates are influenced by many factors that can increase the policy price. This price variation is why consumers need to take the time to compare as many rates as possible when trying to find cheap car insurance rates for government employees. Auto insurance prices are determined by many risk factors and change dramatically, so the best company when you bought your policy may now be one of the higher cost companies.
Best Insurance Companies in North Carolina
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $639 |
| 2 | Utica National | $662 |
| 3 | Liberty Mutual | $707 |
| 4 | Penn National | $725 |
| 5 | NC Farm Bureau | $730 |
| 6 | Titan | $737 |
| 7 | GEICO | $750 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $881 |
| 11 | Travelers | $909 |
| 12 | Erie | $922 |
| 13 | Allied | $928 |
| 14 | Peerless | $962 |
| 15 | Unitrin | $1,002 |
| 16 | Nationwide | $1,011 |
| 17 | Safeco | $1,034 |
| 18 | MetLife | $1,038 |
| 19 | Encompass | $1,041 |
| 20 | Allstate | $1,097 |
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Progressive quotes some of the best car insurance rates in Charlotte at around $639 a year. This is $233 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau also rank well as some of the cheapest Charlotte, NC car insurance companies.
In the above example, if you currently have coverage with Penn National and switched to Progressive, you might achieve an annual premium reduction of approximately $86. Customers with NC Farm Bureau could save as much as $91 a year, and Titan customers might see rate reductions of $98 a year.
Remember that these rates are averaged for all drivers and vehicles and do not factor in an exact zip code location for government employees. So the company that is most affordable for your situation may not even be in the top 20 companies shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
Drive responsibly or pay higher rates
In a perfect world, the best way to score low car insurance rates in North Carolina for state and federal workers is to be a cautious driver and maintain a clean driving record. The chart below illustrates how speeding tickets and at-fault fender-benders impact insurance premiums for each age group. The information is based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
In the prior example, the average cost of a car insurance policy in North Carolina per year with a clean driving record and no accidents is $911. Get two speeding tickets and the average cost hikes up to $1,287, an increase of $376 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of car insurance for government employees jumps again to an average of $2,755. That’s an increase of $1,844, or $154 per month, just for being a less-than-perfect driver!
Choosing the right company can be rather challenging considering how many choices there are in Charlotte. The company ratings in the next section may help you decide which providers to look at when shopping your coverage around.
The ratings below are only comprised of the largest companies in America, so smaller companies that only insure vehicles in North Carolina are not factored into the list. To compare price quotes from these top-rated insurers and more, click this link.
Top 10 Major Car Insurance Companies in Charlotte Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Major Car Insurance Companies in Charlotte Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Cost difference between full coverage and liability
Reducing the cost of car insurance is probably important to most vehicle owners, and one of the quickest ways to buy cheap insurance for government employees is to not buy comprehensive and collision coverage. The illustration below compares car insurance costs when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, physical damage insurance costs $1,292 per year more than buying just liability insurance. At some point, almost every driver questions if it’s a good idea to buy full coverage. There is no set guideline of when to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
What aren’t you shopping around?
North Carolina car insurance rates are determined by lots of factors that may substantially change the price you pay for coverage. Getting older, moving across town, or getting caught speeding can cause premium changes that can now make some companies more affordable than others.
In addition to those changes, companies amend pricing every year or even multiple times each year in order to protect their financial rating. Heavier than normal losses can cause rate increases, while less frequent claims may produce lower-priced Charlotte car insurance rates.
As an example, the graph below shows the companies that have the cheapest car insurance in Charlotte, NC for a 35-year-old male driver with no accidents, a clean driving record, and solid credit. If we estimate rates based on his personal profile, Utica National might offer the lowest car insurance rates in Charlotte at $768 annually. This is $104 less than the average price paid by North Carolina drivers of $872. Progressive, GEICO, Liberty Mutual, and NC Farm Bureau are the remaining best Charlotte, NC auto insurance companies.
Now we will give the driver in the first chart a chargeable claim, slightly worse credit, and a few traffic violations. Since every insurance provider has their own formula for determining rates in each state, analyzing rates will most likely result in a completely different list of the cheapest Charlotte car insurance companies as shown below.
State Farm now has the cheapest auto insurance in Charlotte with Titan, Auto-Owners, Erie, and Travelers completing the list. This example illustrates why it is crucial to compare lots of rates when trying to find cheap auto insurance quotes for government employees. Auto insurance prices consist of many things and can increase or decrease at any time, so the cheapest company the last time you checked may now be quite expensive.
The agents listed below can most likely answer your questions and help you decide which car insurance policy is best, as some drivers aren’t sure which coverage they need and prefer to have a consultation when shopping for cheaper insurance for state and federal workers. It can be difficult to find the cheapest rates, so professional agents can provide comfort knowing your policy gives you sufficient protection if you have a claim. To find a Charlotte insurance agency by location nearest to you, click the link at the bottom.
- Allstate Insurance: John Rose
6853 Fairview Rd c – Charlotte, NC 28210 – (704) 366-7779 - A1 Insurance
537 W Sugar Creek Rd # 104B – Charlotte, NC 28213 – (704) 598-4442 - Sarah Highfill – State Farm Insurance Agent
7845 Colony Rd – Charlotte, NC 28226 – (704) 541-9999 - The Hoffman Agency, LLC
2015 Ayrsley Town Blvd – Charlotte, NC 28273 – (704) 280-8585 - Juan Rubio – State Farm Insurance Agent
9401 Statesville Rd Ste E – Charlotte, NC 28269 – (704) 509-5854