Charlotte, NC Car Insurance

The average cost for car insurance in Charlotte is about $66 a month. Learn more in our handy guide below.
What can Charlotte residents expect to pay for their car insurance? Compared to their surrounding area, how do rates in Charlotte stack up? What about against the rest of North Carolina? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Charlotte?

Area Average Monthly Car Insurance Premium
Charlotte$66
NC$54
United States$80

Car insurance policies in Charlotte are about $12 a month more expensive than the rest of North Carolina.

That being said, car insurance rates in Charlotte are often favorable when viewed against the rest of the country. It's about $14 cheaper than the national average to insure your vehicle in Charlotte.

Bear in mind that while these are the average car insurance rates for Charlotte, you could end up paying something different. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.

We've analyzed the average rate for Charlotte and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$151
18-24$81
25-34$62
35-44$60
45-54$55
55-64$45
65+$44

More time behind the wheel makes you a more experienced driver. That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay significantly more than someone who is retirement aged.

You can expect to see your monthly premium drop about once a decade or so. Once you hit retirement, however, your rates may creep back up a bit in Charlotte.

Average Car Insurance Rates by Gender

Gender Average
Male$66
Female$66

On average, female drivers pay slightly less than male drivers for car insurance. In Charlotte, however, male and female drivers both pay about the same rate for insurance coverage.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$79
Multiple Accidents$90
1 Ticket$84
Multiple Tickets$144

Depending on your driving record, your rates can vary quite a lot. Those with clean records will obviously pay much less than those with infractions. In Charlotte, a driving record with one accident will usually get you a rate around $84 a month. In addition, drivers with one ticket can expect to pay around $79 a month on average.

Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$62
2-3 Years$59
4-5 Years$61
6-7 Years$63
8-10 Years$62
11-14 Years$69
15 Years or Older$75

In terms of affordable coverage, the cheapest vehicles to insure in Charlotte are usually trucks and vans, at $52 per month.

Car owners, on the other hand, by and large pay around $67 a month, while SUV drivers can expect to pay about $63 per month for auto insurance.

You can also expect to see slightly different rates depending on how old your vehicle is. Overall, newer vehicles are going to cost the most to insure. However, your rates may start to decrease if your car is a few years old. The most expensive vehicles to insure in Charlotte, for example, are vehicles fifteen years and older.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$68
Married$60
Divorced$50
Widowed$46

More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

On a national scale, single drivers typically pay more than married couples do for auto insurance. Charlotte is no exception, with the difference totaling to around $8 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$54
Rent$71
Live with parents$88

One other element taken into consideration is your living situation. If you rent your home or apartment in Charlotte, expect to pay around $17 a month more than if you own your home. But if you live with your parents, your rates will be significantly higher.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your average premiums.

Car Insurance Companies in Charlotte, NC

Recent trends in car insurance for Charlotte drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before choosing when and where to shop.

Auto insurance rates in Charlotte increased from 2016-2017, when they reached a high of $74. This shifted in 2018, when they began to decrease again. They finished down in 2021, at $66 a month

How does Charlotte compare to neighboring areas?

Why are car insurance rates in Charlotte different from other areas?

There are a number of factors car insurance companies take into consideration when deciding how much to charge for coverage. A few of these factors affecting your personal policy have already been mentioned, but others are based around your home address. These include things like:

  • Laws
  • Local crime rates
  • Total number of drivers
  • Road Safety (how many accidents each locality has)
  • Off-street parking accessibility

It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in Charlotte?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

But hold on! Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering policies in Charlotte.

Compare the cheapest quotes from dozens of insurance companies

Charlotte Insurance FAQs

What factors affect car insurance quotes in Charlotte?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your driving record, credit score, address and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Charlotte different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like parking situations, local laws, and crime rates -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Charlotte?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Charlotte?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Charlotte or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes