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How much is car insurance in Lenoir?
|Area||Average Monthly Car Insurance Premium|
The cost of coverage in Lenoir is about $4 a month cheaper than it is for the rest of North Carolina.
Compared to the rest of the country, auto insurance in Lenoir is more affordable. The average monthly payment in Lenoir is about $30 less than the rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Lenoir, that doesn't mean it's what you'll pay. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.
We've done the heavy lifting for you and broken down the average rate for Lenoir so that you can get a more accurate idea of what your monthly bill might be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel, right? When it comes to auto insurance premiums, that experience pays off. In this case, 18-24-year-olds pay two times the price that someone who is at retirement age.
For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement, however, your rates may creep back up a bit in Lenoir.
Average Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Lenoir, where female drivers pay around $9 more a month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
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. Drivers in Lenoir with a single accident on their record will usually see rates around $55 a month. In addition, drivers with a single ticket on their record can expect to pay around $93 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$36|
|2-3 Years||Not Enough Data|
|15 Years or Older||$50|
According to the first table above, trucks and vans are typically the cheapest vehicles to insure in Lenoir, with drivers paying around $44 per month for auto insurance coverage.
Car owners, on the other hand, usually pay around $56 per month, while SUV drivers can expect to pay about $45 a month to insure their vehicle.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. In Lenoir, the most expensive vehicles to insure are vehicles eight-to-ten years old and fifteen years and older.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$50|
More often than not, married policyholders will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor many companies offer special discounts for.
Despite the national trend of married drivers saving more than single drivers, the rates for both in Lenoir are about the same.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$95|
Your living situation is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $2 a month less than homeowners in Lenoir. But if you live with your parents, you can expect to pay a lot more.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Lenoir, NC
Recent trends in car insurance for Lenoir drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when choosing your car insurance policy.
Car insurance rates in Lenoir declined from 2016-2019, before leveling out in 2020. They finished down in 2021, at $44 per month
How does Lenoir compare to neighboring areas?
Why are car insurance rates in Lenoir different from other areas?
When considering how much to charge for coverage, car insurance companies will review several factors. 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:
- Crime rates
- Total number of drivers
- Off-street parking availability
- Local regulations
- Road safety
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. 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 Lenoir?
Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
But hold on! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies that offer auto coverage in Lenoir.
Lenoir Insurance FAQs
What factors affect car insurance quotes in Lenoir?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Lenoir different from other neighboring cities?
Things like local laws, crime rates, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Lenoir?
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 Lenoir?
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. 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 Lenoir or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?