We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, and analyze website traffic. For these reasons, we may share your site usage data with our analytics partners. By clicking “Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.”
Finding the cheapest car insurance quotes in Lake Toxaway 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 Lake Toxaway
The car insurance rate in Lake Toxaway is $803 for a six-month policy, which is $99 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $360, making it a popular choice for budget-conscious drivers. Rates in Lake Toxaway 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 $360 for a six
month policy, Erie offers
the cheapest
auto
insurance rates in the city.
2nd place: Progressive
Progressive offers auto
insurance rates at $428 for a
six-month policy,
making it one of the cheapest to insure with.
3rd place: State Farm
State Farm offers auto insurance
rates at $491
for six months, making it
the third cheapest auto insurance company in Lake Toxaway.
Lake Toxaway Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in Lake Toxaway, NC is Erie, offering policies at just $360 for a six-month term. This is followed by Progressive, which has an average six-month premium of $428.
At the higher end of the spectrum, Penn National is the most expensive, with rates reaching $1025 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Lake Toxaway drivers find the best deals.
Way's key takeaways about car insurance in Lake Toxaway
The auto insurance costs in Lake Toxaway fall around $360 for six
months.
The cheapest auto insurance company in Lake Toxaway is Erie.
Teen drivers pay the highest rate in Lake Toxaway at $54 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 Lake Toxaway
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 Lake Toxaway are given below.
Erie provides
the cheapest minimum car insurance
coverage in Lake Toxaway. Their Average 6 Month Premium is $158.
National Farmers Union Insurance is the most
expensive at $275 for the same
period.
Cheapest Full Coverage Car Insurance in Lake Toxaway
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 Lake Toxaway is Erie
at $61 per month and $360
for six months.
Cheapest Full Coverage Car Insurance Quotes in Lake Toxaway,
NC
Get Your Car Insurance Quote in Lake Toxaway
Instantly!
Average Car Insurance in Lake Toxaway 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 Lake Toxaway, NC increasing?
Despite maintaining a clean driving record, your car insurance rates
in Lake Toxaway, North Carolina, may be increasing due to several external factors.
North Carolina has
experienced significant rate hikes recently, with average premiums rising by 25.5% in
2023, largely attributed to higher claims volumes and inflation.
Additionally, Lake Toxaway's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in Lake Toxaway
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
North Carolina Farm Bureau
$362
30s
North Carolina Farm Bureau
$362
40s
North Carolina Farm Bureau
$362
50s
North Carolina Farm Bureau
$362
60s
North Carolina Farm Bureau
$362
70s
North Carolina Farm Bureau
$362
Cheapest Car Insurance Rates for Teen Drivers in
Lake Toxaway,NC
If you are planning to get a car insurance policy for your teenage
dependent, Progressive provides the cheapest car
insurance in the Lake Toxaway at $78
per
month. At $317 for a six-month premium,
National General offers the most expensive rate for
teen drivers.
If you are in your twenties North Carolina Farm Bureau is
the best choice for car
insurance in Lake Toxaway.
As young drivers face the highest rates in Lake Toxaway, North Carolina Farm Bureau
offers the cheapest auto insurance rates at $362 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 Lake Toxaway,
North Carolina Farm Bureau is
the cheapest car insurance provider. At $158 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
Lake Toxaway is Allstate, offering
rates of around $2796 for six
months.
Save up to $971/yr on car insurance rates in Lake Toxaway.
Car Insurance Rates with An Accident in Lake Toxaway
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 Lake Toxaway, NC,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in Lake Toxaway
The cheapest car insurance companies after an at-fault accident in
Lake Toxaway include Progressive
and Erie, offering $449
and $455,
respectively. Farmers is an expensive provider
with an average six-month premium of
$471.
Here is a list of driving violations that can increase your car
insurance rates in Lake Toxaway NC. For example, the car
insurance in Lake Toxaway
after a DUI increases to $1645 for a six
month policy. While the rate increases by $196 for a six-month policy in the case of
a speeding ticket.
Lake Toxaway auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$507
$85
One Med/PIP claim
$507
$86
Not-at-fault accident
$513
$85
One comp claim
$523
$89
Two Med/PIP claims
$523
$87
Two comp claims
$539
$92
Failure to show documents
$597
$100
Child safety restraint
$661
$112
Driving without lights
$661
$110
Failure to wear a seat belt
$661
$112
Cell phone violation
$698
$117
Texting while driving
$698
$118
Speeding 6 - 10 MPH over limit
$703
$117
Driving with expired registration
$708
$120
Driving too slowly
$719
$120
Failure to stop at a red light
$719
$122
Failure to yield
$719
$120
Illegal turn
$719
$122
Open container
$719
$120
Operating a vehicle without permission
$719
$122
Wrong way/wrong lane
$719
$120
Speeding in school zone
$724
$123
At-fault accident - $1000-$2000
$730
$122
At-fault accident - less than $1000
$730
$124
In 65 MPH zone
$772
$129
Speeding 11 - 15 MPH over limit
$772
$131
Speeding 16 - 20 MPH over limit
$772
$129
Speeding 21 - 25 MPH over limit
$772
$131
Improper passing
$788
$132
Following too closely
$793
$135
At-fault accident - greater than $2000
$851
$142
Passing school bus
$967
$165
Reckless driving
$978
$163
Driving with a suspended license
$1512
$257
Leaving scene of an accident/hit and run
$2125
$354
Refusal to submit to a chemical test
$2147
$365
DUI
$2152
$359
Racing
$2189
$372
Your Wallet Deserves Better. Seriously.
Get smarter car insurance rates in minutes today!
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 Lake Toxaway 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 Lake Toxaway.
The cheapest car insurance premiums in
Lake Toxaway are
offered by National General at $365 for a six-month policy.
However, it can be as
expensive as $1210 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 Lake Toxaway are offered by North Carolina Farm Bureau
at $169. However,
it can be as expensive as $1845
with companies like Allstate for a similar
six-month premium.
Cheapest Car Insurance in Lake Toxaway after Speeding ticket
Car Insurance Price Trends in Lake Toxaway,
North Carolina
Car insurance rates in Lake Toxaway have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Lake Toxaway rose by
$101 in October
compared to $100 of September. In other words, there has been an increase by $1 when you
compare October and September.
The average cost of liability insurance in the Lake Toxaway rose to $49 in October,
compared to $47 in September.
This represents an increase of $2
when comparing October and September.
Average Car Insurance Cost in Lake Toxaway 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
Lake Toxaway. At $1605 for a
six-month policy, insuring
your car at 28747 is the cheapest
in the city.
Zip Code
Average 6 Mo. Premium
Avg. Monthly Premium
undefined
Frequently Asked Questions
How much is car insurance in Lake Toxaway?
The car insurance in Lake Toxaway is $27 per month, which is lower than the national average.
What is the cheapest car insurance in Lake Toxaway?
The cheapest car insurance in Lake Toxaway
is $61 per month
for full coverage.
How much is car insurance in Lake Toxaway for teenagers?
Car insurance for teenagers costs $465 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
Lake Toxaway?
The average cost of car insurance is $902 for a six-month
policy. It will cost around $135 per month to insure your
car in Lake Toxaway.
Is car insurance expensive in Lake Toxaway?
Car insurance can be expensive in Lake Toxaway if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in Lake Toxaway can be
affordable.
What is the best car insurance in Lake Toxaway,
NC?
The best car insurance company in Lake Toxaway
NC is
Erie, offering $360 for a
six-month policy.
Tired of Insane Auto Insurance Bills? Us Too!
Cut auto insurance costs in Lake Toxaway right now.
Find Car Insurance Rates in Cities Near Lake Toxaway, NC
Car Insurance Rates by State in the USA (2025 Update)
Lake Toxaway Car Insurance
