Concord, NC Car Insurance

How much can residents of Concord expect to pay for their car insurance? Are rates in Concord higher or lower than those in neighboring areas? How do they compare to the rest of North Carolina? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:

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How much is car insurance in Concord?

As you can tell from the chart above, the cost of coverage in Concord is about $4 a month more expensive than the rest of North Carolina.

Compared to the national average cost of auto insurance coverage, Concord has lower rates. Auto insurance coverage in Concord is about $24 cheaper than it is for the rest of the U.S.

These may be the average auto insurance rates for Concord, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

We've done the heavy lifting for you and broken down the average rate for Concord so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Generally, the older you are, the more experienced you are on the roads. That experience can lead to some serious savings when it comes to auto insurance bills. As you can see, 18-24-year-olds pay significantly more than drivers 65 and older.

For every ten years older you get, you can expect to see a drop in your monthly premium. Having said that, once you approach retirement your rates may begin to increase again in Concord.

Average Car Insurance Rates by Gender

On average, female drivers pay slightly less for car insurance than their male counterparts. In Concord, the difference comes out to about $5 a month. Based on the chart above, you can see that female drivers pay around $54 on average, while male drivers typically pay $59 each month.

Average Auto Insurance Rates by Driving Record

Your rates can vary wildly depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. In Concord, having a single accident on your record will usually get you rates around $64 a month. In addition, drivers with one ticket can expect to pay around $66 a month on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

If you look at the first table above, the cheapest vehicles to insure in Concord are usually SUVs, at $54 per month.

Truck and van drivers will see rates of about $62 for car insurance, while SUV owners by and large pay around $54 per month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, the most expensive vehicles to insure are going to be newer ones. However, once your car is a few years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Concord are vehicles two-to -three years old.

Average Car Insurance Rates by Relationship Status

On average, those who are currently married will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor many companies award special discounts for.

The cost of auto insurance in Concord reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $13 a month.

Average Car Insurance Rates by Housing Situation

Your housing status is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment in Concord, expect to pay around $16 a month more than if you own property. But if you live with your parents, your rates will be significantly higher.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Concord, NC

Recent trends in car insurance for Concord drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.

Car insurance rates in Concord went up from 2017-2019, when they reached a high of $74. This trend leveled out in 2020, when they began to decrease, and have continued to do so through the present, where policy premiums finished at $47 a month.

How does Concord compare to neighboring areas?

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

There are several factors car insurance companies will consider when choosing how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

• Off-street parking availability
• Road safety
• Local laws
• Total drivers
• Area crime rates

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Concord?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

But hold on! Compare.com will handle the heavy lifting for you. Simply enter your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies offering auto coverage in Concord.

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Concord Insurance FAQs

What factors affect car insurance quotes in Concord?

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 vehicle's year, make and model, plus your address, credit score, marital status, and driving record.

Why is the cost of car insurance in Concord 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, crime rates, and local laws -- which can vary from city to city -- can significantly affect your rate.

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

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

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

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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 Concord 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?