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State Farm, Geico, Erie, Nationwide and North Carolina Farm Bureau provide the best auto insurance in North Carolina based on our review
North Carolina drivers can find the best auto insurance from companies that combine comprehensive coverage options with affordable auto insurance rates. Since every driver has different insurance choices and driving records, it can be beneficial to research several companies and get auto insurance quotes from the best choices.
The Home Media Review Group has compiled a list of five providers in North Carolina that offer the best auto insurance. We’ll explain each provider’s cost, coverage, and customer service reputation below.
Best Car Insurance in North Carolina
Contents
- 1 Best Car Insurance in North Carolina
- 2 Best Car Insurance Companies in North Carolina
- 3 How To Find the Best Car Insurance in North Carolina
- 4 Average Cost of Car Insurance in North Carolina
- 5 Best North Carolina Car Insurance: Conclusion
- 6 What insurance company has the most complaints?
- 7 How do I know if my insurance company is good?
- 8 Who is the biggest insurance company?
- 9 Where is the insurance capital of the world?
During our industry-wide review, we found that State Farm, Geico, Erie Insurance, Nationwide and North Carolina Farm Bureau Insurance provide the best auto insurance in North Carolina. Each company offers cheap car insurance and different insurance options.
Compare North Carolina Auto Insurance
There are several options for auto insurance in North Carolina, which can make shopping for coverage overwhelming. On the same subject : How To Save A Car And Home Insurance Package | 2022. To make it easier, we’ve researched and ranked providers based on several criteria, including the following:
*Our research team considers nationwide factors when evaluating providers. The order of providers in this chart is specific to North Carolina auto insurance.
Customer Experience
To determine providers’ scores in areas such as customer satisfaction and reputation, we analyzed data and results from the Better Business Bureau (BBB), AM’s Best Financial Power ratings, J.D. Power consumer studies, and our national auto insurance survey, which surveyed nearly 7,000 respondents overall. See the article : CAR INSURANCE CAN BE CHEAPER IN NEW JERSEY. customer satisfaction.
Best Car Insurance Companies in North Carolina
To learn more about the best auto insurance in North Carolina, the sections below offer more detailed information on our top picks for the Tar Heel State. Read also : Why does my car insurance premium go up every year?.
#1 State Farm: Editor’s Choice
AM Best financial strength rating: A++
If you’re looking for an established provider with strong local coverage, State Farm may be the right choice for you. It is the nation’s largest auto insurance provider, collecting more than $41 billion in direct premiums in 2021. With State Farm, local representatives in more than 80 North Carolina cities can answer your questions.
Additionally, the provider’s mobile app, which is highly rated on Google Play and the App Store, makes it easy for drivers to pay bills and file claims.
Our ratings team reached out to State Farm for comment on average customer ratings and received the following response:
“We are proud of the exceptional service provided by more than 19,000 State Farm agents in communities across the country. For the past 100 years, we’ve been there to help our customers prepare for and recover from the unexpected. We remain the number one auto insurance company in the country and we are pleased that more and more customers continue to choose State Farm.”
State Farm Car Insurance Coverage
State Farm offers a solid array of auto insurance options, including full coverage and minimum coverage. These are:
Our research found that State Farm offers some of the best auto insurance discounts in the industry for teen drivers and young drivers, with student discounts of up to 25%. Teens and young adults can also participate in the Steer Clear® program to save on auto insurance costs.
State Farm Insurance Company Reputation
State Farm ranks better than most insurance companies in consumer surveys. In the J.D. Power 2022 U.S. In the Insurance Shopping Study℠, the company received the highest score in the category of large insurance companies, receiving 885 points out of a possible 1,000.
In our August 2022 National Auto Insurance Survey, we found that 19% of respondents had a State Farm auto insurance policy. This made it the most popular provider in our survey. Participants gave the insurance company a score of 4.2 out of 5.0 for overall customer satisfaction.
Read more: State Farm Insurance Reviews
#2 Geico: Affordable for Most Drivers
AM Best financial strength rating: A++
If you’re shopping for auto insurance on a budget, Geico is worth considering. The insurance company is one of the most affordable in North Carolina. It provides standard car insurance, but drivers can buy mechanical breakdown insurance, which is similar in coverage to an extended car warranty. Geico offers many discount options and a usage-based program called DriveEasy that lowers premiums for good drivers.
Geico Car Insurance Coverage
Geico has a limited range of auto insurance for North Carolina drivers compared to other insurance companies. The company offers standard car insurance and three additional options: emergency roadside assistance, car rental reimbursement and mechanical breakdown insurance.
Geico Insurance Company Reputation
Geico’s reputation is somewhat below average in the industry. The company scored 843 out of 1,000 points in the Southeast region in the J.D. survey. Power U.S. Auto Insurance Study. This score is just below the regional average of 849 points.
Our review team reached out to Geico for comment on these results, but did not hear back.
We found that 16% of the nearly 7,000 respondents to our August 2022 customer satisfaction survey had Geico auto insurance, making it the third most popular provider in our survey. Geico policyholders rated the company 4.1 out of 5.0 for overall customer satisfaction.
Read more: Geico Insurance Reviews
#3 Erie Insurance: Affordable for Basic Coverage
AM Best financial strength rating: A+
As a regional Erie auto insurance provider, we offer plans tailored to your situation at one of our many local dealerships. Drivers in North Carolina can find a variety of coverage options that many other providers don’t offer—such as auto glass repair and personal items coverage. In addition, the insurance company received one of the highest ratings for the Southeast region in the J.D. survey. Power U.S. Auto Insurance Study.
Erie Car Insurance Coverage
Erie offers all the standard types of auto insurance in addition to offering several additional options. These include:
In Erie, North Carolina, drivers can find a variety of discounts for combining policies, driving safely, student drivers and paying the entire premium up front.
Erie Insurance Company Reputation
During our research, we found that Erie ranks well in consumer studies that focus on the auto insurance shopping process and overall customer satisfaction. In a study by J.D. Power U.S. The Insurance Shopping Study gave Erie the second-highest score in the mid-sized insurer category, trailing The Hartford with 878 points out of 1,000.
Erie also received a high customer satisfaction rating from policyholders in our August 2022 survey. Erie Insurance policy respondents gave the company a 4.4 out of 5.0 overall customer satisfaction rating, the second highest in our survey.
#4 Nationwide
AM Best financial strength rating: A+
The national average full coverage auto insurance premium for North Carolina drivers is approximately 29% below the national average. In fact, we found the company to be the most affordable in the country for most drivers. Nationwide offers many car insurance options, from standard coverage to accident waivers.
Nationwide Car Insurance Coverage
Nationwide stands out from other national insurance providers due to its wide range of insurance offerings. Like Erie, it offers standard car insurance and several additional options such as:
Drivers in North Carolina can take advantage of many discount opportunities from the company, such as multi-police, defensive driving and anti-theft. In addition, the Nationwide SmartRide® program offers discounts to customers who drive safely.
Nationwide Insurance Company Reputation
Nationwide has an average reputation for customer service. The company received a score of 850 out of 1000 in the J.D. survey. Power U.S. Auto Insurance Study, which is just one point above the regional average. And in research by J.D. Power U.S. In the Insurance Shopping Study, the insurer scored five points below the industry average with 858 out of 1,000 points.
Our review team reached out to Nationwide for comment on these ratings but did not receive a response.
In our August 2022 survey, around 3% of nearly 7,000 respondents had a Nationwide car insurance policy. Participants gave the company a score of 4.1 out of 5.0 for customer satisfaction.
Read more: Nationwide insurance reviews
#5 North Carolina Farm Bureau Insurance
AM Best score of financial strength: A
If you’re looking for local auto insurance in the Tar Heel State, Farm Bureau North Carolina Insurance is worth considering. According to our estimates, this is one of the cheapest car insurance companies in the country. Drivers can find standard auto insurance coverage options in addition to roadside assistance.
North Carolina Farm Bureau Car Insurance Coverage
North Carolina Farm Bureau Insurance has limited coverage options for drivers. The company offers standard types of car insurance as well as roadside assistance coverage.
North Carolina Farm Bureau Insurance Company Reputation
North Carolina Farm Bureau Insurance’s reputation is below the industry average. In the J.D. Power American Auto Insurance Study, the company received 844 out of 1,000 points. The regional average was 849 points.
Our review team reached out to North Carolina Farm Bureau Insurance for comment on its assessment, but did not hear back.
How To Find the Best Car Insurance in North Carolina
Before you decide on an auto insurance policy, research coverage and get quotes from providers you’re interested in. Here are some things to consider when looking for the best car insurance in North Carolina.
Check North Carolina Car Insurance Requirements
Each state sets its own requirements for car insurance. In North Carolina, minimum state requirements include liability coverage with the following limits:
The state’s minimum liability limits will not protect you or your vehicle if you are in a car accident. It will only protect other vehicles involved in a traffic accident and their passengers. To protect yourself, your passengers and your vehicle, consider purchasing a full coverage car insurance policy that includes liability, comprehensive and collision insurance.
Consider How Much Car Insurance Coverage You Need
The cost of your car insurance will depend on factors such as your location, driving history and credit score. Think about how much auto insurance you want versus how much you need. Do you have children or a significant other in your policy? How much coverage do they need to drive?
Use all of this information to work out what you need and budget for how much you’re willing to pay for the policy.
Know Your Lender Requirements
Do you have a car loan or lease? If so, you may need to purchase additional coverage above the state minimum. Many lenders require drivers to have full cover policies and in some cases gap insurance.
Average Cost of Car Insurance in North Carolina
Based on our Quadrant Information Services auto insurance rate estimates, a full coverage auto insurance policy in North Carolina costs an average of $114 per month or $1,368 per year. That’s about 21% cheaper than the national average of $1,730 per year. These averages are based on a 35-year-old driver with good credit and a clean driving record.
North Carolina Car Insurance Costs by City
Auto insurance rates also vary between states. Different parts of North Carolina have different risk factors related to population, climate, and more. Therefore, someone who lives in Asheville may pay different prices than his friend who lives in Greensboro, even if all other factors are equal.
The table below shows average auto insurance rates for cities in North Carolina.
*Auto insurance averages by city are based on the three most popular providers per location.
North Carolina Car Insurance Discounts
Most auto insurance companies offer discounts for North Carolina drivers. Although the exact options and discounts for drivers vary, most providers offer the following discounts:
Best North Carolina Car Insurance: Conclusion
The top auto insurance providers in North Carolina are State Farm, Geico, Erie, Nationwide and North Carolina Farm Bureau Insurance. Drivers can find affordable prices and comprehensive car insurance options from these providers.
Best Auto Insurance in North Carolina: FAQ
Below are frequently asked questions about the best auto insurance in North Carolina:
Our Methodology
Because consumers rely on us to provide objective and accurate information, we have created a comprehensive rating system to create our ranking of the best auto insurance companies. We’ve collected data on dozens of auto insurance providers to rank the companies based on a number of ranking factors. The final result was an overall score for each provider, with the insurance companies that scored the most points coming out on top.
Here are the factors our ratings take into account:
*Data correct at the time of publication.
What insurance company has the most complaints?
Geico customers were the most likely to complain about accounts receivable (53.6%), while Chubb customers were the least likely (38.6%). Nationwide had the most favorable Complaints Index rating for auto insurance, while Chubb fared best in home insurance.
Who are the top 5 insurance companies? The five largest homeowner insurance companies in the US are State Farm, Allstate, USAA, Liberty Mutual and Farmers.
What insurance company has the lowest complaint index?
Fewest Complaints: Progressive Relative to its size, Progressive had the fewest complaints reported to state regulators for private passenger auto insurance, according to NAIC data over three years.
Which insurance company has best customer satisfaction?
USAA’s top-rated auto insurance companies topped Zebra’s customer satisfaction survey, topping five out of six categories.
Who is the number 1 insurance company in America?
| Company | US News Rating | Average annual rate |
|---|---|---|
| 1. USAA | 4.3 | 1000 dollars |
| 2. State farm | 4.2 | 1267 dollars |
| 3. Farmers | 4.1 | 1917 dollars |
| 3. Nationwide | 4.1 | 1327 dollars |
What is NAIC complaint Index?
ÂThe median appeal ratio from the NAIC is always 1.00, meaning half of the insurers have a ratio above 1.00 and half below. Numbers lower than 1.00 are better. Higher numbers mean more complaints than the median.
Which health insurance company has the highest customer satisfaction?
Twenty-four Humana plans received four stars or higher from NCQA in 2022. 1 In 2020, according to data from the ACSI survey, Humana was the leader in customer satisfaction among health insurance companies.
What health insurance company has the best rating?
In our analysis, the top overall health insurance provider is Kaiser Permanente, which earned an overall quality score of 4.28 out of 5 from the National Committee for Quality Assurance (NCQA). The runner-up was Blue Cross Blue Shield with an overall score of 3.86.
Which health insurance company has best claim settlement ratio?
Among all private insurance companies, General Insurance Company HDFC ERGO has the best loss ratio of health insurance in the financial year 2019-2020 (99.80%).
Which health insurance company denies the most claims?
In its most recent report from 2013, the association found that Medicare denied claims most often, 4.92 percent of the time; followed by Aetna with a 1.5% rejection rate; United Healthcare, 1.18 percent; and Cigna 0.54 percent.
How do I know if my insurance company is good?
Here is a checklist of things to consider with an insurance company:
- #1: Check the financial strength of the insurance company. …
- #2: Check for proper state licensing, claims and appeals. …
- #3: Consider the company’s claims process. …
- #4: Work with an independent agent who has comparable experience with different carriers.
Who is the biggest insurance company?
Prudential Financial was the largest insurance company in the US in 2019 with total assets of just over US$940 billion. Berkshire Hathaway and Metlife secured second and third place, respectively.
Who is the largest insurance company in the world?
Where is the insurance capital of the world?
In the 19th century, many insurance companies established their headquarters in the city of Hartford, which earned the nickname “the insurance capital of the world.” Over time, the presence of the insurance giants became essential to the social, economic and political fabric of the capital.
Which city is called the insurance capital of the world? Hartford, Connecticut is known for many insurance companies with headquarters or major campuses in the region.
What is the capital of insurance?
Capital â in self-insurance, a catch-all term with one of three different meanings: the amount originally required to establish the self-insurance, or the initial paid-in amount; the total amount of this paid-in capital plus other forms of capital such as letters of credit; or the sum of the two plus the accumulated surplus.
Is Hartford still the insurance capital?
While the number of companies has grown dramatically, Hartford still holds the title of insurance capital of the world. The City of Business and Industry is considered the center of the insurance industry.
Is Hartford the insurance capital?
Nicknamed the “Insurance Capital of the World,” Hartford is considered a global city that is home to many insurance companies, a major industry in the region.
Why is Hartford called the insurance capital?
In the 19th century, many insurance companies established their headquarters in the city of Hartford, which earned the nickname “the insurance capital of the world.” Over time, the presence of the insurance giants became essential to the social, economic and political fabric of the capital.
Who is Hartford insurance owned by?
Hartford is owned by its shareholders as it is a publicly traded company. The largest shareholders are The Vanguard Group, BlackRock and State Street Corp, which collectively own nearly 25 percent as of the first quarter of 2020, according to public records.
Is Iowa the insurance capital of the world?
In Des Moines, Iowa’s diverse economy, that specialty would be insurance. Des Moines is, after all, the world center of the insurance industry, behind only Hartford, Connecticut, and big cities like New York.
Is Des Moines the insurance capital of the world?
Des Moines is a major center of the American insurance industry and has an extensive financial services and publishing base. The city was named “the number one city for insurance companies in the US” in a Business Wire article and named the third largest “insurance capital” in the world.
What is the insurance capital?
In the 19th century, many insurance companies established their headquarters in the city of Hartford, which earned the nickname “the insurance capital of the world.” Over time, the presence of the insurance giants became essential to the social, economic and political fabric of the capital.