Cheapest Car Insurance Quotes in Magnolia

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Magnolia Car Insurance

^$ 31

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

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 Magnolia

The car insurance rate in Magnolia is $862 for a six-month policy, which is $33 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $426, making it a popular choice for budget-conscious drivers. Rates in Magnolia 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.

Avg. Car Insurance in Magnolia

$862

Avg. Car Insurance in North Carolina

$829

National Average

$1278

Cheapest Car Insurance Companies in Magnolia

1st place: Erie

At $426 for a six month policy, Erie offers the cheapest auto insurance rates in the city.

2nd place: Progressive

Progressive offers auto insurance rates at $519 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 $587 for six months, making it the third cheapest auto insurance company in Magnolia.

Magnolia Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Magnolia, NC is Erie, offering policies at just $426 for a six-month term. This is followed by Progressive, which has an average six-month premium of $519.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1582 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Magnolia drivers find the best deals.

Cheap Car Insurance Companies in Magnolia, NC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Erie	$426	$72
Progressive	$519	$87
State Farm	$587	$99
North Carolina Farm Bureau	$679	$114
Travelers	$790	$132
Farm Bureau	$853	$145
Nationwide	$914	$154
Farmers	$970	$163
Kemper	$1303	$217
Allstate	$1582	$266

Key Takeaways

Way's key takeaways about car insurance in Magnolia

The auto insurance costs in Magnolia fall around $426 for six months.
The cheapest auto insurance company in Magnolia is Erie.
Teen drivers pay the highest rate in Magnolia at $542 per month.

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Cheapest Minimum Liability Car Insurance in Magnolia

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 Magnolia are given below.

Erie provides the cheapest minimum car insurance coverage in Magnolia. Their Average 6 Month Premium is $185. Allstate is the most expensive at $587 for the same period.

Cheapest Liability Coverage in Magnolia, NC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Erie	$185	$31
State Farm	$248	$42
Progressive	$265	$45
North Carolina Farm Bureau	$290	$49
Travelers	$346	$57
Farm Bureau	$353	$60
Nationwide	$359	$60
Farmers	$370	$63
National General	$376	$62
Penn National	$408	$70
Allstate	$587	$99

Cheapest Full Coverage Car Insurance in Magnolia

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 Magnolia is Erie at $72 per month and $426 for six months.

Cheapest Full Coverage Car Insurance Quotes in Magnolia, NC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Erie	$426	$72
Progressive	$519	$87
State Farm	$587	$99
North Carolina Farm Bureau	$679	$114
Travelers	$790	$132
Farm Bureau	$853	$145
Nationwide	$914	$154
Farmers	$970	$163
Kemper	$1303	$217
Allstate	$1582	$266

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Average Car Insurance in Magnolia 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 Magnolia, NC increasing?

Despite maintaining a clean driving record, your car insurance rates in Magnolia, 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, Magnolia's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Magnolia

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

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Cheapest Car Insurance Rates for Teen Drivers in Magnolia,NC

If you are planning to get a car insurance policy for your teenage dependent, Progressive provides the cheapest car insurance in the Magnolia at $92 per month. At $3249 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$544	$92
State Farm	$704	$119
Erie	$710	$120
North Carolina Farm Bureau	$1242	$209
Nationwide	$2687	$457
Allstate	$3249	$542

Teen Car Insurance Rates in NC by Age

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 Magnolia, North Carolina Farm Bureau is the cheapest car insurance provider. At $185 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 Magnolia is Allstate, offering rates of around $3750 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
North Carolina Farm Bureau	$185	$31
Erie	$210	$35
National General	$321	$55
Progressive	$376	$63
Nationwide	$698	$118
Farmers	$754	$126
Travelers	$1075	$183
Farm Bureau	$1217	$203
State Farm	$1519	$256
Allstate	$3750	$625

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Save up to $971/yr on car insurance rates in Magnolia.

Car Insurance Rates with An Accident in Magnolia

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 Magnolia, NC, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Magnolia

The cheapest car insurance companies after an at-fault accident in Magnolia include Progressive and Erie, offering $556 and $568, respectively. Allstate is an expensive provider with an average six-month premium of $2940.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$556	$94
Erie	$568	$96
State Farm	$624	$105
North Carolina Farm Bureau	$815	$137
Farmers	$1180	$197
Farm Bureau	$1334	$227
Nationwide	$1341	$226
Travelers	$1414	$240
Allstate	$2940	$495

Magnolia Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Magnolia NC. For example, the car insurance in Magnolia after a DUI increases to $1922 for a six month policy. While the rate increases by $229 for a six-month policy in the case of a speeding ticket.

Magnolia auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$593	$99
One Med/PIP claim	$593	$101
Not-at-fault accident	$599	$100
One comp claim	$612	$104
Two Med/PIP claims	$612	$102
Two comp claims	$630	$107
Failure to show documents	$698	$116
Child safety restraint	$773	$131
Driving without lights	$773	$129
Failure to wear a seat belt	$773	$131
Cell phone violation	$815	$136
Texting while driving	$815	$138
Speeding 6 - 10 MPH over limit	$822	$137
Driving with expired registration	$828	$140
Driving too slowly	$840	$140
Failure to stop at a red light	$840	$142
Failure to yield	$840	$140
Illegal turn	$840	$142
Open container	$840	$140
Operating a vehicle without permission	$840	$142
Wrong way/wrong lane	$840	$140
Speeding in school zone	$847	$144
At-fault accident - $1000-$2000	$853	$142
At-fault accident - less than $1000	$853	$145
In 65 MPH zone	$902	$151
Speeding 11 - 15 MPH over limit	$902	$153
Speeding 16 - 20 MPH over limit	$902	$151
Speeding 21 - 25 MPH over limit	$902	$153
Improper passing	$920	$154
Following too closely	$927	$158
At-fault accident - greater than $2000	$994	$165
Passing school bus	$1130	$192
Reckless driving	$1143	$190
Driving with a suspended license	$1767	$301
Leaving scene of an accident/hit and run	$2484	$414
Refusal to submit to a chemical test	$2508	$426
DUI	$2515	$419
Racing	$2557	$435

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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 Magnolia 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 Magnolia.

The cheapest car insurance premiums in Magnolia are offered by National General at $426 for a six-month policy. However, it can be as expensive as $6814 with companies like Allstate.

Magnolia car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
National General	$426	$73
Progressive	$1446	$243
Erie	$1569	$264
State Farm	$1594	$268
Farmers	$2824	$480
Travelers	$2953	$492
Nationwide	$3156	$531
North Carolina Farm Bureau	$3348	$564
Farm Bureau	$4905	$834
Allstate	$6814	$1147

Cheapest car insurance after a speeding ticket

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 Magnolia are offered by North Carolina Farm Bureau at $198. However, it can be as expensive as $2427 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Magnolia after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
North Carolina Farm Bureau	$198	$33
Erie	$241	$41
National General	$414	$71
State Farm	$488	$82
Progressive	$513	$86
Nationwide	$914	$154
Farmers	$1000	$171
Farm Bureau	$1124	$187
Travelers	$1217	$207
Allstate	$2427	$405

Car Insurance Price Trends in Magnolia, North Carolina

Car insurance rates in Magnolia have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Magnolia rose by $124 in January compared to $119 of December. In other words, there has been an increase by $5 when you compare January and December.

The average cost of liability insurance in the Magnolia dipped to $55 in January, compared to $57 in December. This represents an decrease of $2 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Magnolia?

The car insurance in Magnolia is $31 per month, which is lower than the national average.

What is the cheapest car insurance in Magnolia?

The cheapest car insurance in Magnolia is $72 per month for full coverage.

How much is car insurance in Magnolia for teenagers?

Car insurance for teenagers costs $544 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 Magnolia?

The average cost of car insurance is $829 for a six-month policy. It will cost around $145 per month to insure your car in Magnolia.

Is car insurance expensive in Magnolia?

Car insurance can be expensive in Magnolia if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Magnolia can be affordable.

Cheapest Car Insurance Quotes in Magnolia

Why you can trust Way?

How Much Is Car Insurance in Magnolia

Avg. Car Insurance in Magnolia

Avg. Car Insurance in North Carolina

National Average

Cheapest Car Insurance Companies in Magnolia

1st place: Erie

2nd place: Progressive

3rd place: State Farm

Magnolia Car Insurance Rates by Company

Cheap Car Insurance Companies in Magnolia, NC

Way's key takeaways about car insurance in Magnolia

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Magnolia

Cheapest Liability Coverage in Magnolia, NC

Cheapest Full Coverage Car Insurance in Magnolia

Cheapest Full Coverage Car Insurance Quotes in Magnolia, NC

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Magnolia by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Magnolia, NC increasing?

Car Insurance Premiums by Age in Magnolia

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Magnolia,NC

If you are in your twenties N/A is the best choice for car insurance in Magnolia.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Magnolia

Cheapest Car Insurance Companies after an At-Fault Accident in Magnolia

Magnolia Car Insurance Rates by Violation

Magnolia auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Magnolia after a DUI

Magnolia car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Magnolia after Speeding ticket

Car Insurance Price Trends in Magnolia, North Carolina

Average Car Insurance Cost in Magnolia by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Magnolia, NC

Car Insurance Rates by State in the USA (2025 Update)

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