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Finding the cheapest car insurance quotes in Oak Island shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
We believe in making things clear and simple. Our experts compare coverage options and find every possible discount, so you can see your best options side-by-side. It’s fast, free, and designed to save you a ton.
The auto insurance rates published in this guide are based on the results of research
completed by Way’s data team. Using a mix of public
and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These
rates were publicly sourced from insurer filings and should be used for comparative
purposes only — your own quotes will differ. Given this, it’s important to go through
our insurance
steps form to find how much you can save with Way.
Table of Contents
How Much Is Car Insurance in Oak Island
The car insurance rate in Oak Island is $771 for a six-month policy, which is $32 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $411, making it a popular choice for budget-conscious drivers. Rates in Oak Island can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.
At $411 for a six
month policy, AAA offers
the cheapest
auto
insurance rates in the city.
2nd place: Iowa Farm Bureau
Iowa Farm Bureau offers auto
insurance rates at $496 for a
six-month policy,
making it one of the cheapest to insure with.
3rd place: AutoOwners Insurance Co
AutoOwners Insurance Co offers auto insurance
rates at $502
for six months, making it
the third cheapest auto insurance company in Oak Island.
Oak Island Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in Oak Island, MN is AAA, offering policies at just $411 for a six-month term. This is followed by Iowa Farm Bureau, which has an average six-month premium of $496.
At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $1488 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Oak Island drivers find the best deals.
Way's key takeaways about car insurance in Oak Island
The auto insurance costs in Oak Island fall around $411 for six
months.
The cheapest auto insurance company in Oak Island is Westfield.
Teen drivers pay the highest rate in Oak Island at $899 per
month.
High Rates Shouldn’t Drive You Out of Pocket.
Save up to $971/yr with our auto insurance quotes
Cheapest Minimum Liability Car Insurance in Oak Island
Since car insurance is a critical requirement for owning a car, you
must have minimum liability car insurance. The cheapest car insurance companies for minimum
coverage in Oak Island are given below.
Westfield provides
the cheapest minimum car insurance
coverage in Oak Island. Their Average 6 Month Premium is $137.
Nationwide is the most
expensive at $297 for the same
period.
Cheapest Full Coverage Car Insurance in Oak Island
One might think that minimum coverage is only required when insuring
your car insurance. However, having full coverage car insurance in any city is certainly a
wise choice as it offers better coverage and protection. Our best pick for the cheapest auto
insurance quotes in Oak Island is AAA
at $70 per month and $411
for six months.
Cheapest Full Coverage Car Insurance Quotes in Oak Island,
MN
Get Your Car Insurance Quote in Oak Island
Instantly!
Average Car Insurance in Oak Island by Rating
Factor
The car insurance rates for two people under the same ZIP
code will mostly be different. This is mostly because insurance rates are calculated
based on several rating factors. These rating factors include the driver's age, gender,
marital status, driving and claims history, credit score, location, type of vehicle, and
coverage levels.
I have a clean driving record. Why is my car insurance rate
here in Oak Island, MN increasing?
Despite maintaining a clean driving record, your car insurance rates
in Oak Island, Minnesota, may be increasing due to several external factors.
Minnesota has
experienced significant rate hikes recently, with average premiums rising by 25.5% in
2023, largely attributed to higher claims volumes and inflation.
Additionally, Oak Island's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in Oak Island
It is quite evident why teen drivers pay the highest car insurance
rates in any city. Their lack of experience and increased accident rates make them a highly
risky category. However, as you grow older, your car insurance rates will decrease. So, it
is better to not have separate policies for teens; instead, add them to their parents'
policies.
Cheapest Car Insurance Companies Based on Age Group
Age Group
Cheapest Companies
Avg. 6 Mo. Premium
20s
Farm Bureau Mutual
$638
30s
Farm Bureau Mutual
$456
40s
Farm Bureau Mutual
$451
50s
Farm Bureau Mutual
$379
60s
Farm Bureau Mutual
$389
70s
Farm Bureau Mutual
$456
Cheapest Car Insurance Rates for Teen Drivers in
Oak Island,MN
If you are planning to get a car insurance policy for your teenage
dependent, Westfield provides the cheapest car
insurance in the Oak Island at $28
per
month. At $5388 for a six-month premium,
Farmers offers the most expensive rate for
teen drivers.
If you are in your twenties Farm Bureau Mutual is
the best choice for car
insurance in Oak Island.
As young drivers face the highest rates in Oak Island, Farm Bureau Mutual
offers the cheapest auto insurance rates at $638 for six months.
Car Insurance Rates by Credit Score & Driving History
Similar to your driving history, your financial history also plays a
key role in determining your auto insurance rates. A low credit score would mean a lapse in
payment and increased chances of filing claims, which results in higher auto insurance
rates. Therefore, the higher the credit score, the lower the car insurance rates will be.
Cheapest Car Insurance Companies for Bad Credit
For those with poor credit scores in Oak Island,
West Bend Mutual is
the cheapest car insurance provider. At $245 for a six-month premium, they offer
the best
rates in the city. The most expensive auto insurance rate for drivers with bad credit in
Oak Island is State Farm, offering
rates of around $4938 for six
months.
Save up to $971/yr on car insurance rates in Oak Island.
Car Insurance Rates with An Accident in Oak Island
Both accidents and the resulting increase in insurance rates are often
beyond our control. When you’re involved in an accident, you become riskier to insure,
consequently increasing the rates. In Oak Island, MN,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in Oak Island
The cheapest car insurance companies after an at-fault accident in
Oak Island include Westfield
and Umialik, offering $200
and $251,
respectively. Nationwide is an expensive provider
with an average six-month premium of
$394.
Here is a list of driving violations that can increase your car
insurance rates in Oak Island MN. For example, the car
insurance in Oak Island
after a DUI increases to $1049 for a six
month policy. While the rate increases by $216 for a six-month policy in the case of
a speeding ticket.
Oak Island auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$981
$163
One Med/PIP claim
$993
$169
Not-at-fault accident
$1009
$168
One comp claim
$1044
$178
Two Med/PIP claims
$1044
$174
Two comp claims
$1090
$185
Failure to wear a seat belt
$1117
$186
Failure to show documents
$1135
$193
Child safety restraint
$1152
$192
Driving without lights
$1152
$196
Driving with expired registration
$1175
$196
Cell phone violation
$1197
$204
Speeding 6 - 10 MPH over limit
$1197
$200
Texting while driving
$1197
$204
Following too closely
$1209
$202
Driving too slowly
$1214
$206
Failure to yield
$1214
$203
Illegal turn
$1214
$206
Speeding in school zone
$1214
$203
Wrong way/wrong lane
$1214
$206
Failure to stop at a red light
$1220
$204
Improper passing
$1220
$207
Speeding 11 - 15 MPH over limit
$1226
$204
Speeding 16 - 20 MPH over limit
$1237
$210
At-fault accident - less than $1000
$1266
$211
Passing school bus
$1266
$215
In 65 MPH zone
$1272
$212
Operating a vehicle without permission
$1278
$217
Speeding 21 - 25 MPH over limit
$1317
$220
At-fault accident - $1000-$2000
$1408
$239
Open container
$1414
$236
At-fault accident - greater than $2000
$1443
$246
Reckless driving
$1767
$295
Racing
$1825
$310
Driving with a suspended license
$1939
$324
Refusal to submit to a chemical test
$1961
$333
DUI
$2030
$338
Leaving scene of an accident/hit and run
$2104
$358
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Way Tip
Avoid Having A DUI On Your Driving Record.
A DUI can increase your car insurance rates—by $5,000 to $10,000 over
five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on
your record for 3–5 years, while DUIs/DWIs can impact you longer.
Car Insurance Rates in Oak Island after a
DUI
There may have been times when you drank but chose not to
drive—a smart and responsible decision, as most states treat DUIs as a serious
offense. Your car insurance rates can double after a DUI charge, making it harder to
find affordable coverage in Oak Island.
The cheapest car insurance premiums in
Oak Island are
offered by Umialik at $251 for a six-month policy.
However, it can be as
expensive as $2246 with companies
like Farmers.
One of the easiest ways to save money on car insurance is
to stay within the speed limit. After a speeding violation, the cheapest car
insurance premiums in Oak Island are offered by Westfield
at $165. However,
it can be as expensive as $2144
with companies like Allstate for a similar
six-month premium.
Cheapest Car Insurance in Oak Island after Speeding ticket
Car Insurance Price Trends in Oak Island,
Minnesota
Car insurance rates in Oak Island have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Oak Island rose by
$170 in December
compared to $169 of November. In other words, there has been an increase by $1 when you
compare December and November.
The average cost of liability insurance in the Oak Island remained steady at $47 in both December and November, indicating no change over the two month period.
Average Car Insurance Cost in Oak Island by ZIP
Code
The crime rate, the number of accidents, and the probability of
natural calamities all determine the car insurance rates in different neighborhoods in the
Oak Island. At $N/A for a
six-month policy, insuring
your car at N/A is the cheapest
in the city.
Zip Code
Average 6 Mo. Premium
Avg. Monthly Premium
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Frequently Asked Questions
How much is car insurance in Oak Island?
The car insurance in Oak Island is $23 per month, which is lower than the national average.
What is the cheapest car insurance in Oak Island?
The cheapest car insurance in Oak Island
is $70 per month
for full coverage.
How much is car insurance in Oak Island for teenagers?
Car insurance for teenagers costs $165 per 6 months. The
rates for
teen drivers are higher due to their lack of experience as drivers.
What's the average cost of car insurance in
Oak Island?
The average cost of car insurance is $803 for a six-month
policy. It will cost around $129 per month to insure your
car in Oak Island.
Is car insurance expensive in Oak Island?
Car insurance can be expensive in Oak Island if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in Oak Island can be
affordable.
What is the best car insurance in Oak Island,
MN?
The best car insurance company in Oak Island
MN is
AAA, offering $411 for a
six-month policy.
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Find Car Insurance Rates in Cities Near Oak Island, MN
Car Insurance Rates by State in the USA (2025 Update)
Oak Island Car Insurance
