Charlotte, NC Car Insurance

On average, drivers in Charlotte pay around $66 per month for their car insurance. To learn more about what you're likely to pay in the Charlotte area, read our guide below.
What can Charlotte residents expect to pay for their car insurance? Are rates in Charlotte higher or lower than those in neighboring areas? How do they compare to the rest of North Carolina? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Charlotte?

Area Average Monthly Car Insurance Premium
Charlotte$66
NC$53
United States$81

Based on the information in the chart above, you can see that on average, it's about $13 a month more expensive to insure your vehicle in Charlotte than it is in the rest of North Carolina.

On the flip side, car insurance rates in Charlotte are often favorable when viewed against the rest of the country. The average monthly payment in Charlotte is about $15 cheaper than the rate for the rest of the United States.

These may be the average auto insurance rates for Charlotte, but that doesn't mean it's exactly what you'll pay. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining the bill you'll see each month.

But don't worry, we've broken down average rates for Charlotte residents so that you can get a more accurate idea of what you might pay. And if you think you might be overpaying for insurance, simply enter your ZIP Code below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$151
18-24$80
25-34$63
35-44$60
45-54Not Enough Data
55-64$48
65+$46

The longer you've been on the road, the more experienced of a driver you are. That experience can turn into some real savings when it comes to car insurance premiums. According to the table above, you can see that 18-24-year-olds pay a lot more than drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. As you get closer to retirement age, however, you may see your rates begin to increase again in Charlotte.

Average Car Insurance Rates by Gender

Gender Average
Male$66
Female$67

Car insurance rates for women are generally cheaper than they are for men. While this isn't true in Charlotte, the difference in monthly rates is minimal.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$76
Multiple Accidents$88
1 Ticket$77
Multiple Tickets$111

Your driving record can have a huge impact on your car insurance rates. Those with clean records will obviously pay significantly less than those with infractions. In Charlotte, drivers with one accident on their record will experience rates around $76 a month. In addition, drivers with a single ticket on their record can expect to pay around $77 a month on average.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. 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$63
2-3 Years$60
4-5 Years$62
6-7 Years$66
8-10 Years$66
11-14 Years$70
15 Years or Older$71

In Charlotte, the cheapest vehicles to insure are typically trucks and vans, with drivers paying around $59 per month for insurance coverage.

SUV drivers will see rates of about $63 for car insurance coverage, while car owners usually pay around $68 per month.

Your rates can also vary depending on how old your vehicle is. Generally, the most expensive vehicles to insure are going to be newer ones. However, your rates may start to drop back down once your car is a few years old. In Charlotte, the most expensive vehicles to insure are vehicles fifteen years and older.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$67
Married$63
Divorced$49
Widowed$46

Generally speaking, car insurance is slightly cheaper for married policyholders. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Charlotte, with married couples paying about $4 less per month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$59
Rent$69
Live with parents$85

Another factor taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $10 a month more than homeowners in Charlotte. Those who live with their parents, however, can expect to pay a lot more.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average premiums, depending on your insurance company.

Car Insurance Companies in Charlotte, NC

Recent trends in car insurance for Charlotte drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.

In Charlotte, the rates for car insurance dropped from 2017-2019, before rising from 2020-2021. They finished down in 2022 at $56.

How does Charlotte compare to neighboring areas?

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

There are several factors car insurance companies will consider when figuring out how much to charge for a monthly rate. Your insurance policy will depend largely on your home address and will be influenced by things such as:

  • Local regulations
  • Area crime rates
  • Availability of off-street parking
  • Total number of drivers
  • Road Safety (total number of local car accidents)

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Charlotte?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Fortunately, Compare.com does all of that work for you. Just punch in your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from the many car insurance companies offering coverage in Charlotte.

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Charlotte Insurance FAQs

What factors affect car insurance quotes in Charlotte?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

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

Parking situations, local laws, and crime rates -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.

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

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Charlotte or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.

Find your best rate in just a few minutes