Waxhaw, NC Car Insurance

Waxhaw drivers pay, on average, around $59 a month for their car insurance. To learn more about what you're likely to pay in the Waxhaw area, read our guide below.
How do rates in Waxhaw measure up compared to neighboring areas, including North Carolina as a whole? What rates should residents of Waxhaw expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Waxhaw?

Area Average Monthly Car Insurance Premium
Waxhaw$59
NC$54
United States$80

Coverage for your vehicle in Waxhaw will typically run you about $5 a month more than in the rest of North Carolina.

When stacked up against the national average, the average monthly policy payment for Waxhaw is more affordable. Auto insurance coverage in Waxhaw is about $21 cheaper than it is for the rest of the United States.

These rates may be the average amount Waxhaw residents pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. 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 Waxhaw residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. And if you're not sure if you're getting the cheapest rate, 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 18Not Enough Data
18-24$74
25-34$40
35-44$42
45-54Not Enough Data
55-64$33
65+$45

It's pretty safe to assume that the older you are, the longer you've been driving, right? That experience can turn into some real savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay significantly more than drivers of retirement age.

Every ten years or so you can expect to see a decline in your monthly premium. Once you hit retirement age, however, you may see your rates creep back up a bit in Waxhaw.

Average Car Insurance Rates by Gender

Gender Average
Male$62
Female$56

On average, female drivers pay slightly less than male drivers for car insurance. This is true in Waxhaw, where women pay around $6 less per month. Based on the chart above, you can see that male drivers pay $62 on average, while female drivers typically pay $56 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$45
Multiple Accidents$99
1 TicketNot Enough Data
Multiple Tickets$112

Your rates can change quite drastically depending on your driving record. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. Drivers in Waxhaw with one accident will pay around $45 a month.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$36
2-3 Years$48
4-5 Years$48
6-7 Years$54
8-10 Years$78
11-14 Years$61
15 Years or Older$44

As you can see in the first table above, the cheapest vehicles to insure in Waxhaw are by and large trucks and vans, which run about $38 per month.

SUV drivers will see rates of about $43, while the rates for car owners average out to about $68 a month.

Vehicle age has an impact on the cost of your policy as well. Newer vehicles are generally going to be the most expensive to insure. 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 Waxhaw are vehicles eight-to-ten years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$67
Married$34
Divorced$36
Widowed$39

Overall, car insurance is slightly cheaper for married policyholders. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.

In Waxhaw, the difference in rates based on relationship status can be as much as $33 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$65
Rent$42
Live with parents$70

Your living situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $23 less than homeowners in Waxhaw. But if you live with your parents, your rates will be significantly higher.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.

Car Insurance Companies in Waxhaw, NC

Recent trends in car insurance for Waxhaw drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when selecting an auto insurance policy.

The rates for car insurance in Waxhaw went up consistently from 2016-2020. Insurance rates finished down in 2021, at $45.

How does Waxhaw compare to neighboring areas?

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

Car insurance companies look at a number of factors when they're deciding how much to charge for a policy. Many factors affecting your policy are based around your home address. These factors include things like:

  • Availability of off-street parking
  • Crime rates
  • Number of drivers in the community
  • Area regulations
  • Road Safety (how many accidents each locality has)

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. 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 Waxhaw?

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.

But wait! Compare.com does all of that work for you. Put in your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from many of the car insurance companies offering auto coverage in Waxhaw.

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Waxhaw Insurance FAQs

What factors affect car insurance quotes in Waxhaw?

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

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

Auto insurance companies consider regional factors, such as crime rates, parking situations, and local laws 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 Waxhaw?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, 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 Waxhaw?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

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 Waxhaw 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