Cheapest and Best Car Insurance in High Point, NC (2024)

Finding the most affordable car insurance in High Point, North Carolina, depends on the coverage and driver details. State Farm offers the most competitive rates for minimum and full coverage car insurance; it is also the most cost-effective option for families with teens. Erie delivers the best customer service, while North Carolina Farm Bureau is considered the best overall for blending price with service. Your ideal insurer matches your preference and insurance needs.

MoneyGeek found that State Farm offers the cheapest car insurance in High Point.

• State Farm: $240 per year
• North Carolina Farm Bureau: $248 per year

Allstate has the most costly minimum coverage policy in High Point at an average annual rate of $873. That's a staggering $633 more than State Farm's offering, underscoring the value of comparing quotes to secure the best deal on car insurance.

In every North Carolina city, car insurance coverage requirements are set by state law. These are the required minimums:

• $30,000 bodily injury per person
• $60,000 bodily injury per accident
• $25,000 property damage liability per accident
• $30,000 uninsured motorist bodily injury per person
• $60,000 uninsured motorist bodily injury per accident
• $25,000 uninsured/Underinsured property damage coverage

For example, if you're insured for the state-mandated minimum and you're liable for an injury to one person, your policy will cover up to $30,000. If the total expenses for injuries per accident reach $70,000, you're liable for the remaining $10,000 beyond the $60,000 covered by your policy.

MoneyGeek found that State Farm offers the cheapest full coverage car insurance in High Point. Here are the top two most affordable providers:

• State Farm: $456 per year
• North Carolina Farm Bureau: $493 per year

Allstate has the most expensive full coverage policy in High Point, at an average annual premium of $1,836. Shopping around is important; you could save up to $1,380 per year by choosing State Farm over Allstate. This significant price difference emphasizes the importance of comparing full coverage policies, which are more costly than minimum coverage due to their comprehensive protection.

Full coverage policies encompass heightened liability limits and consist of comprehensive and collision insurance components:

• Collision Insurance: This insurance covers repairs to your vehicle in the event of a crash, whether with another car or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This form of insurance handles the costs of repairing your vehicle in cases of non-collision-related damage, such as theft, vandalism, fires, natural disasters or being struck by an animal like a deer.

Acquiring full coverage for a new vehicle is highly advisable to protect your investment. However, in the case of older vehicles, the higher coverage might not justify the additional expense, potentially amounting to hundreds more in premiums. The important decision of how much car insurance you need hinges on striking a balance between the benefits of wbroadercoverage against higher costs, while also considering the risk of being inadequately insured with a lower coverage plan.

MoneyGeek found that State Farm offers the most affordable full coverage policy in High Point for drivers with various types of driving offenses. The cheapest rates for each incident are as follows:

• Speeding Ticket: State Farm ($659 per year)
• At-Fault Accident: State Farm ($604 per year)
• DUI: State Farm ($1,677 per year)

GEICO has the highest rate for those with an at-fault accident, at around $2,767 per year. Allstate is the most expensive for drivers with a DUI and a speeding ticket at average annual premiums of $7,633 and $2,707, respectively. The $1,018 contrast between the most cost-effective after a speeding ticket and after a DUI demonstrates how significantly the severity of driving infractions can impact car insurance premiums.

In High Point and other cities, insurance premiums typically escalate with the severity of a driving infraction due to the increased risk perceived by insurers. For example, drivers with a speeding ticket might see their annual rates at approximately $1,855, compared to a staggering $4,607 for those with a DUI. This stark contrast underscores the importance of comparing insurance quotes, particularly for individuals with infractions, to ensure they get the best possible rates and save on their car insurance costs.

MoneyGeek found that State Farm is the cheapest option in High Point for both male and female teens seeking full coverage car insurance. For parents in High Point who are adding a teenager to their policy, affordable options are crucial. Here are the two most economical choices:

• State Farm: $989 per year for female and male teens
• Nationwide: $1,335 per year for female and male teens

These rates reflect the cost of adding a teenager to a policy shared with two parents. GEICO has the most expensive policy for teen drivers in High Point, with an annual premium of $4,204 for female and male teens. This $3,215 rate difference between the cheapest and most costly options highlights the importance of shopping around. Parents of teens, who are considered higher-risk drivers, can potentially save thousands of dollars by comparing the cheapest car insurance for teens.

In locales like High Point, teenagers face steep insurance premiums, averaging $2,907 annually when they secure a policy individually. This amount contrasts notably with the more economical $2,295 average annual premium for a family. The rate difference reflects the substantial savings when teens are added to a joint policy. Insurers frequently charge higher rates for young drivers due to their elevated risk profile and lack of driving experience, leading to a disparity in rate structure. It also becomes challenging for teens to obtain individual car insurance given these risk assessments, often making the family plan a more affordable and accessible choice for coverage for teens.

MoneyGeek found that State Farm offers the cheapest car insurance for military backgrounds in High Point.

• State Farm: $456 per year
• North Carolina Farm Bureau: $493 per year

Although USAA is not included in this study, it conducts business in North Carolina. It is recognized for competitive rates and specialized services catering to the needs of active-duty military members nationwide.

Finding the best car insurance rates in High Point can lead to significant savings. However, the process requires extensive time investment — typically upward of 15 minutes per company evaluated. Research could take over an hour for those looking to compare three or more companies.

MoneyGeek’s car insurance calculator streamlines this endeavor. By entering key variables such as your age, driving history, credit score and desired coverage, you can receive a rate estimate swiftly, allowing you to make an informed decision without the usual extensive time commitment.

Choosing the right auto insurance for you hinges on variables such as service quality, cost, coverage and personal preferences. MoneyGeek's approach to rating insurance providers in High Point incorporates unique scoring systems for each category to help you zero in on what you value most.

• Best overall: North Carolina Farm Bureau (MoneyGeek score 91 out of 100)
• Best for service: Erie (MoneyGeek score 85 out of 100)
• Best for affordability: North Carolina Farm Bureau (MoneyGeek score 91 out of 100)

North Carolina Farm Bureau leads both as the best overall and for affordability. It demonstrates a strong combination of service quality and cost-efficiency, making it an exceptional choice for comprehensive value. Meanwhile, Erie excels in service and is ideal for those prioritizing a premium customer experience.

MoneyGeek found that North Carolina Farm Bureau provides the best car insurance in High Point. When searching for comprehensive car insurance coverage, these two providers are at the top in High Point:

• North Carolina Farm Bureau: MoneyGeek score of 91 out of 100 ($493 per year)
• Erie: MoneyGeek score of 88 out of 100 ($589 per year)

North Carolina Farm Bureau stands out for its impressive coverage at an affordable rate. With the highest satisfaction and affordability scores among competitors, it's evident that policyholders value the balance of superior service and cost-effectiveness they receive with a full coverage policy. These major contributors play a significant role in the insurer's top MoneyGeek ranking, highlighting why consumers trust them.

MoneyGeek found that Erie is the best option in High Point for top-tier car insurance focused on customer service. This recognition is based on exceptional ratings in overall satisfaction, seamless claims handling and the breadth of coverage options provided.

• Erie: MoneyGeek score of 85 out of 100 ($589 per year)
• North Carolina Farm Bureau: MoneyGeek score of 84 out of 100 ($493 per year)

Erie stands out in High Point primarily due to its superior satisfaction and coverage scores, which significantly contribute to its leading MoneyGeek score. Customers can expect an insurance experience that excels in customer support and provides extensive protection options.

MoneyGeek found that North Carolina Farm Bureau is the best option for cheap car insurance in High Point. It offers a balanced mix of affordability, reliable claims handling and customer satisfaction. Recognized for its superior performance in these categories, particularly affordability, this insurer is a top choice for budget-conscious drivers who value quality service.

• North Carolina Farm Bureau: MoneyGeek score of 91 out of 100 ($248 per year)
• Erie: MoneyGeek score of 89 out of 100 ($288 per year)

North Carolina Farm Bureau's highest MoneyGeek score indicates its exceptional affordability and high marks in claims handling and general satisfaction. With an affordable premium for a minimum coverage policy, the company is the leading choice for cost-effective car insurance in High Point without compromising on service quality.

In High Point, drivers pay an average of $751 per year for car insurance, which is notably less than the North Carolina state average of $1,051. Car insurance in North Carolina is still substantially less expensive by $730 than the national average of $1,781.

Car insurance premiums are influenced by various factors, with location being one of the critical elements. It plays a significant role because it affects risk exposure related to theft, accidents and vandalism, all of which tend to be higher in more densely populated areas. Fayetteville has the most expensive premium at around $1,308 per year, while Durham is the most affordable city at an average of $914 per year — a difference of $394. Insurance rates may even be lower in less populated non-city areas with lower traffic density.