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How much is car insurance in Fayetteville?
|Area||Average Monthly Car Insurance Premium|
Car insurance policies in Fayetteville are about $11 a month more expensive than the rest of North Carolina.
However, the expected monthly payments for an auto insurance policy in Fayetteville are below the national average. The average monthly payment in Fayetteville is about $17 less than the rate for the rest of the U.S.
Keep in mind that these are the average auto insurance rates for Fayetteville, and that the rate you get could end up being something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
We've analyzed the average rate for Fayetteville and broken down the different factors to help you understand what exactly you might be asked to pay. And if you're not sure if you're getting the cheapest rate, 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||Not Enough Data|
Generally, the older you are, the more experienced you are on the roads. That experience can turn into some real savings when it comes to auto insurance rates. As you can see, 18-24-year-olds pay $31 more than drivers 65 and older.
For every 10 years, you can expect to see a decrease in your monthly premium. Once you hit retirement, however, your rates may start to rise again in Fayetteville.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. In Fayetteville, however, men actually pay a little bit less than female drivers for auto insurance coverage.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. Drivers in Fayetteville with a single accident will pay around $61 a month. In addition, drivers with a single ticket on their record can expect to pay around $104 a month on average.
Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. So, if cheaper car insurance is important to you, keep your record clean and drive safe.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$59|
|15 Years or Older||$79|
If you look at the first table above, the cheapest vehicles to insure in Fayetteville are by and large trucks and vans, at $55 per month.
SUV drivers will see rates of about $73 for car insurance coverage, while car owners typically pay around $62 a month.
Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is about 5 years old, you may start to see your monthly premium decrease. In Fayetteville, 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)||$66|
Generally speaking, car insurance is slightly cheaper for married policyholders. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
While married drivers normally pay less than single drivers, in Fayetteville both groups pay about the same rate.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$90|
Your living situation is another component of how insurance companies calculate your monthly rate. In Fayetteville, homeowners can expect to pay around $4 a month less than those who rent. 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 costs, depending on your insurance company.
Car Insurance Companies in Fayetteville, NC
Recent trends in car insurance for Fayetteville 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.
The cost of insurance in Fayetteville had been decreasing from 2017-2019, before leveling out in 2020. Car insurance rates finished up in 2022, at $64 per month
How does Fayetteville compare to neighboring areas?
Why are car insurance rates in Fayetteville different from other areas?
Car insurance companies will take into account a number of factors when they're figuring out how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you park your car. These include things like:
- Local crime rates
- Rate of car accidents
- Regional regulations
- Access to off-street parking
- Number of drivers
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Fayetteville?
While knowing 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.
Luckily, Compare.com can handle all of this for you. Simply enter your ZIP Code below, answer a few questions on you and your car, and you'll be quickly comparing the cheapest quotes from the many car insurance companies providing coverage in Fayetteville.
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Fayetteville Insurance FAQs
What factors affect car insurance quotes in Fayetteville?
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 Fayetteville different from other neighboring cities?
Auto insurance companies consider regional factors, such as crime rates, local laws, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Fayetteville?
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 Fayetteville?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Fayetteville or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?
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