Best Cheap Car Insurance Companies for High-Risk Drivers in North Carolina

Typically, drivers with a history of accidents pay higher insurance premiums. High-risk auto insurance quotes tend to be more expensive than quotes for drivers with clean records because insurers anticipate high-risk drivers will file more claims.

Comparing insurance quotes in North Carolina can help high-risk drivers find the cheapest insurance for their needs. With an average rate of $1,363, Nationwide provides the cheapest rates for those with poor records. However, several factors, such as your credit score and age, can impact your premium.

Some factors that classify high-risk drivers include having numerous traffic offenses and accidents, operating a vehicle while impaired by drugs or alcohol or being a teen or young adult with limited driving experience.

If you're a high-risk driver in North Carolina, you’ll spend about 58% more for insurance than a driver with a spotless record. Since insurance companies may have to cover the cost of damaged property, legal defenses and medical expenses, high-risk drivers come with greater risks. In addition, irresponsible drivers are likely to file more claims than average.

MoneyGeek found that North Carolina’s cheapest high-risk insurance company is Nationwide. Its car insurance premiums cost an average of $1,363 per year.

MoneyGeek's Nationwide review rates the company's customer service, discounts and add-on auto coverages to help you decide whether Nationwide is the right provider for you.

MoneyGeek compared several insurers for high-risk drivers and found that the best overall in North Carolina is Nationwide, with a total score of 93 out of 100. The second-best option is State Farm, with a total score of 88 out of 100.

For a more thorough understanding of its services, MoneyGeek’s State Farm review investigates its typical costs, insurance options, and advantages and disadvantages.

MoneyGeek determined that Nationwide offers the most affordable auto insurance for North Carolina drivers with a DUI, with an annual premium of $2,209 on average. Drivers with a DUI typically pay higher premiums than drivers with a clean driving record.

Members of the military and their families may also find more reasonable rates for drivers with a DUI through USAA.

Due to their inexperience and likelihood to file claims, teen drivers frequently pay higher premiums. However, some providers offer discounts to teens who finish safe driving courses or meet high GPA requirements. State Farm provides the most affordable insurance in North Carolina for young drivers at an average yearly rate of $1,595.

Auto insurance quotes for persons with bad credit are significantly higher than for those with good credit scores. According to MoneyGeek, GEICO offers the least expensive auto insurance for people with poor credit in North Carolina, with a $535 yearly rate.

In North Carolina, MoneyGeek found that car insurance for high-risk drivers costs 54% to 61% more than a policy for drivers with a good driving history.

Auto insurance for high-risk drivers is often much more costly. Because drivers with a poor driving history are more likely to be involved in serious collisions, insurance firms charge them higher premiums to cover these risks. You can reduce the cost of your high-risk premium by taking a defensive driving course and constantly obeying driving laws.

MoneyGeek’s North Carolina auto insurance calculator can provide a personalized estimate based on your gender, credit score, driving history and other criteria. However, the price of your auto insurance coverage may be higher or lower than the estimate, depending on your situation.

Due to the voluntary nature of the insurance market, certain North Carolina vehicle insurance providers may decline to cover you if they feel it would be too costly. You can contact the Automobile Insurance Plan Service Office (AIPSO) if this occurs. AIPSO is a non-profit company that offers insurance services to anyone who meets the state's eligibility conditions through the auto insurance residual market.

The North Carolina Reinsurance Facility (NCRF), which was initially founded in 1973, is the state residual market plan in North Carolina. It serves those unable to get auto insurance through conventional means. Since it was established, NCRF's market share for auto insurance in North Carolina has averaged 25%.

Getting high-risk auto insurance in North Carolina can be challenging if you don't know where to begin. MoneyGeek answers frequently asked questions about high-risk insurance providers in North Carolina to assist you.

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.