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How much is car insurance in Spring Lake?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $33 a month more expensive to insure your vehicle in Spring Lake than it is in the rest of North Carolina.
Similarly, Spring Lake residents will likely pay higher rates for their insurance policy than the rest of the country. It's about $7 more expensive for coverage in Spring Lake than the average rates for the U.S. as a whole.
While these are the average car insurance rates for Spring Lake, keep in mind that you could end up paying a different amount. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
Don't sweat it however, we've broken down average rates for Spring Lake residents 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!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|55-64||Not Enough Data|
|65+||Not Enough Data|
You can expect to see your monthly premium drop every 10 years or so. You may see your rates climb back up once you hit retirement in Spring Lake.
Average Car Insurance Rates by Gender
Despite the national trend of women paying less than men for car insurance coverage, in Spring Lake men actually pay $61 per month for coverage while women pay $102.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|1 Ticket||Not Enough Data|
Your driving record can have a tremendous impact on your car insurance rates. Drivers with clean records will pay lower rates than those with accidents or violations. In Spring Lake, having a single accident on your record will usually get you rates around $75 a month.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||Not Enough Data|
|15 Years or Older||$79|
According to the first table above, the cheapest vehicles to insure in Spring Lake are typically trucks and vans, at $45 per month.
SUV drivers will see rates of about $63 for car insurance, while car owners by and large pay around $97 a month.
Your vehicle's age can also affect your monthly bill. Generally, newer vehicles are going to be the most expensive to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. The most expensive vehicles to insure in Spring Lake are vehicles eleven-to-fourteen years old and fifteen years and older.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$94|
More often than not, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Spring Lake as well, where the difference is around $35 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
Another factor that comes into play is your living situation. If you rent your home or apartment, expect to pay around $51 a month more than those who own their own home in Spring Lake. Those who live with their parents, however, can expect to pay a lot more.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Spring Lake, NC
Recent trends in car insurance for Spring Lake drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.
Car insurance rates in Spring Lake rose from 2016-2017, before trending downward from 2018-2019. They finished down in 2021 at $63.
How does Spring Lake compare to neighboring areas?
Why are car insurance rates in Spring Lake different from other areas?
Car insurance companies take in several factors when deciding how much individual insurance policies will cost. Many factors affecting your policy are based around where you live and drive. These factors include things like:
- Road Safety (how many accidents each locality has)
- Area laws
- Total number of drivers in the region
- Access to off-street parking
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 get started.
How can I find the cheapest car insurance in Spring Lake?
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.
Luckily, Compare.com will handle the heavy lifting for you. 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 plans in Spring Lake.
Spring Lake Insurance FAQs
What factors affect car insurance quotes in Spring Lake?
Car insurance companies calculate quotes based on a wide array of factors. These include things 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 Spring Lake different from other neighboring cities?
Auto insurance companies consider regional factors, such as parking situations, local laws, and crime rates 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 Spring Lake?
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 Spring Lake?
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 Spring Lake 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.