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Key Takeaways

  • Raleigh has car insurance rates far below the national average.
  • Of the companies offering affordable insurance rates, North Carolina Farm Bureau offers the cheapest rate of $764.
  • Your classification as a high-risk driver if you are a teenage driver or if you have faced DUI charges can increase your car insurance premium rates.
  • The expensive ZIP codes of the city are 27695, 27616, 27615, 27612, and 27609

Introduction

The capital city of North Carolina, is a fastest growing city. With its signature oak trees, this planned city ranks high among the best places in the United States to drive around. The ranking is based on ownership and maintenance of the car you own, which is mainly dependent on the city's insurance rates.

Here we try to compare the insurance rates according to coverage, and other criteria that influence your policy rates.

How much does car insurance cost in Raleigh City?

The average annual cost of car insurance in Raleigh, North Carolina is $958, making it a city with affordable auto insurance premiums compared to the national average of $1557.

Raleigh Average North Carolina Average National Average
$958 $961 $1557

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Raleigh City Auto Insurance Premiums by Company

What helps in moderating your insurance rates is shopping around. Comparing the quotes from different providers will help you make an informed choice. Raleigh being a rapidly growing place, there are several insurance providers that offer the best rates.

Among the popular insurance providers in the city, North Carolina Farm Bureau offers the cheapest rates.

Insurance Company Average Yearly Rate
State Farm $852
Nationwide $1003
Erie $820
North Carolina Farm Bureau $764
Allstate $813

Raleigh City Auto Insurance Premiums by Age Group

No matter which place you come from, age has a major influence on your premium rates. The younger you are, the higher the insurance rates will be. Teenagers pay $2154 per year on average which is more than twice the rates paid by a middle-aged driver.

Age Bracket Average Yearly Rate
Teenagers $2154
20s $1045
30s $951
40s $933
50s $895
60s $895

Raleigh City Auto Insurance Premiums by Marital Status

Another non-driving aspect that may impact your auto insurance premiums is your marital status. The cost of car insurance for Raleigh drivers who are single and those who are married is barely different. However, a divorced or widowed driver pays a little less.

Marital Status Average Yearly Rate
Married $964
Single $964
Divorced $958
Widowed $958

Raleigh City Auto Insurance Premiums by Gender

Though gender plays an important determinant in the insurance rates, the average rates in Raleigh for both males and females are similar.

Gender Average Yearly Rate
Male $958
Female $958

Raleigh City Auto Insurance Premiums by Driving Record

If you look at the driving factors that influence auto insurance rates, your driving record plays a crucial role in it. A clean driving record without citations, accidents, or tickets can maintain the insurance rates to a minimum. What can increase the insurance premiums up to four times in the case of Raleigh would be DUI charges, raising the premiums to as high as $4356.

Driving Violation/Incident Average Yearly Rate
At-fault Accidents Damages <$1000 Damages >$2000
$1283 $1575
DUI/DWI
$4356
Reckless Driving
$1784
Speeding Tickets
$1447

Raleigh City Auto Insurance Premiums by Credit Rating

There is an obvious decrease in insurance premium rates if you have a good credit score. Credit or FICO scores play an important role in determining your insurance premium rates.

Credit Tier Average Rate
Exceptional $887
Very Good $928
Good $958
Fair $1124
Very Poor $1527

Raleigh City Auto Insurance Premiums by Zip Code

Since the accident rates and crime thefts vary by place, it determines the insurance rates within the city, which are highly fluctuating. Based on this, there are cheaper and costlier neighborhoods.

The cheaper ones in Raleigh include 27529, 27601, 27634, 27635, and 27640. The expensive ZIP codes of the city are 27695, 27616, 27615, 27612, and 27609.

What would increase your car insurance rates in Raleigh City?

Apart from the obvious driving and non-driving factors, the city itself can be responsible for the increase in insurance rates. The crime rates, accidents, weather, population, and traffic, can all influence the policy rates of the city.

Raleigh City Auto Theft and Accident Statistics

Ranking 33rd among the 300 populous cities in terms of auto theft, the chances for the insurance rates to spike are higher. As a planned city, the traffic congestion in Raleigh is minimal. The statistics also show that the crash rates have reduced by nine percent in 2020 from the previous year. The city witnessed about 100 fatal accidents in two years.

Population

Raleigh is one of the rapidly growing cities in terms of population as well. The increase in population can lead to the cramming of the existing traffic conditions and can increase the percentage of accidents.

Raliegh as a College Town

The numerous colleges and universities in and around the city are a reason for the increase in the proportion of young drivers. Since high-risk drivers tend to pay more insurance premiums, the average rates can go higher.

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Tips for driving in Raleigh City

Be weather-ready

Raleigh witnesses hot summers and short and cold winters, all garnered by a cloudy atmosphere and rain at regular intervals.

Average Annual Rainfall Average Annual Snowfall Rainy Days Sunny Days
45.8 in. 3.7in. 108.3 days 213 days

Be careful of the speed limits

The permitted speed limit in Raleigh is 35 mph (56 km/h). Generally, the speed limit in small lanes is set at 10 mph (16 km/h). In rural areas, you are permitted to accelerate up to 55 mph (88 km/h). The speed limit on interstate roads is 70 mph (112 km/h).

If you violate the speed limit by more than 20 miles per hour (32 km/h), the police will suspend your driving ability for at least three months.

Do not drive under the influence of alcohol

Every driver in North Carolina who has a blood alcohol level of over 0.08 percent is regarded to be driving while intoxicated and faces a minimum one-month license suspension. The police have the ability to suspend your driving privilege for a year if you refuse to submit to the alcohol test.

Best Car Insurance Companies in Raleigh City

These are the best car insurance companies in Raleigh, North Carolina.

Insurance Company
State Farm
Nationwide
Erie
North Carolina Farm Bureau
Allstate

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

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.com

Frequently Asked Questions

How much is car insurance in Raleigh NC?

The average auto insurance rate in the capital of North Carolina is $958.

How much is car insurance per month in Raleigh NC?

The average monthly insurance rate in Raleigh would be $80.

How much is full coverage insurance in Raleigh North Carolina?

Though minimum coverage offers cheaper rates, full coverage can protect you from unprecedented expenses. A full-coverage policy in Raleigh will cost $958 annually on average.

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Learn more by city and state for car insurance




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