North Carolina Farm Bureau provides the most affordable minimum coverage for most low-income drivers, including those with speeding tickets, accidents or poor credit. National General is the top choice for drivers with a DUI.
Cheapest Low-Income Car Insurance in North Carolina
Updated: February 5, 2025
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Key Takeaways
North Carolina doesn't have a low-income car insurance program, but affordable plans are available to meet state minimum requirements.
The cheapest options for most low-income drivers include North Carolina Farm Bureau, Erie, State Farm and Nationwide.
Low-income drivers can save on car insurance by comparing providers and looking for discounts.
Cheapest Car Insurance Companies for Low-Income Drivers in North Carolina
| Erie | Young Drivers | $26 |
| North Carolina Farm Bureau | Adults | $22 |
| North Carolina Farm Bureau | Seniors | $22 |
| North Carolina Farm Bureau | Drivers With a Speeding Ticket | $32 |
| National General | Drivers With a DUI | $69 |
| North Carolina Farm Bureau | Drivers With an Accident | $30 |
| North Carolina Farm Bureau | Bad Credit | $30 |
*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.
Compare Cheap Low-Income Car Insurance Providers
Use the table below to find the most affordable provider for your driver profile and coverage needs.
Data filtered by:Results filtered by:
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Age Range:30-59
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Driving Record:Clean
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Credit Score:Good
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Coverage Level:State Minimum Liability Only
| North Carolina Farm Bureau | $22 | $265 |
| Erie | $25 | $300 |
| State Farm | $29 | $345 |
| Progressive | $42 | $502 |
| Nationwide | $44 | $529 |
Cheapest Car Insurance for Families With Low Income in North Carolina
Nationwide has the most affordable car insurance for low-income families in North Carolina. Monthly rates start at $41 for married couples with a teen, $65 for single parents with a teen and $27 for adding a spouse without a teen.
Data filtered by:Results filtered by:
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Family Type:Married Couple with Teen
| Nationwide | $488 | $41 |
| State Farm | $566 | $47 |
| Progressive | $717 | $60 |
| Kemper | $823 | $69 |
| Allstate | $1,174 | $98 |
| GEICO | $1,207 | $101 |
*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.
Tips to Save On Car Insurance for Low-Income Drivers
To help you save on car insurance, here are some practical tips on reducing your premiums.
- 1
Choose minimum coverage
Minimum coverage is generally the most affordable way to meet legal obligations. However, it offers limited protection and may not cover all costs if you're at fault in an accident.
- 2
Compare quotes
Gather quotes from different providers to identify the most affordable option. Explore provider websites, brokers, agents and online comparison tools to ensure a thorough evaluation.
- 3
Look for discounts
Insurance companies offer discounts for a clean driving record, good grades and military service. North Carolina drivers can save 10% on premiums for three years by completing a defensive driving course.
- 4
Increase your deductible
Opting for a higher deductible can decrease your premium. Ensure you can afford it if you need to make a claim for collision or comprehensive coverage.
- 5
Consider pay-per-mile insurance
Pay-per-mile insurance is ideal for drivers covering fewer miles. It combines a low initial rate with a per-mile charge, enabling savings by paying only for the miles you travel.
- 7
Get a cheaper car to insure
A vehicle's make, model and year affect insurance costs due to repair and replacement expenses. Choosing a cheaper car to insure, like an older, reliable vehicle, can significantly lower premiums.
Minimum Car Insurance Requirements in North Carolina
Drivers in North Carolina must meet these minimum car insurance requirements:
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $25,000 in property damage liability
If your car is leased or financed, you'll need liability coverage of 100/300/100 and comprehensive and collision protection.
WHY MINIMUM COVERAGE MAY NOT BE RIGHT FOR YOU
Minimum car insurance covers only the other driver's expenses if you're at fault in an accident. You'll still be responsible for your car's damage and legal fees. If you drive often and can afford it, consider higher coverage.
Cheap Low-Income Car Insurance in North Carolina: Bottom Line
North Carolina Farm Bureau provides the cheapest car insurance for most low-income drivers in the state. High-risk drivers find the lowest rates with National General for a DUI and North Carolina Farm Bureau for a speeding ticket, accident or bad credit. Compare multiple providers through different channels to secure the best deal.
Low-Income Auto Insurance in North Carolina: FAQ
Low-income drivers face challenges finding affordable car insurance. Get answers to common questions on saving money.
What is the cheapest car insurance for low-income drivers in North Carolina?
The most affordable minimum coverage policy is ideal for low-income drivers not leasing or financing a vehicle. North Carolina Farm Bureau offers the lowest monthly rates for minimum coverage at $22 and full coverage at $44.
Does North Carolina have a state-supported low-income car insurance program?
North Carolina has no state-supported program for low-income drivers to secure affordable car insurance.
Does your income affect the cost of car insurance in North Carolina?
Income doesn't directly affect car insurance costs in North Carolina. Factors such as driving history, vehicle type and coverage levels play larger roles in determining premiums.
How We Chose the Cheapest Car Insurance for Low-Income Drivers
Study Overview
MoneyGeek evaluated car insurance rates in North Carolina using data from the North Carolina Department of Insurance and Quadrant Information Services.
Data Acquisition, Depth and Analysis
MoneyGeek analyzed 328,384 quotes from 14 companies in 370 ZIP codes to find the average cost of car insurance for low-income drivers in North Carolina.
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in North Carolina :
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified factors like age, family status, driving history and credit history to see how rates change for certain driver profiles.
Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.
Coverage Levels and Deductibles
Our data shows minimum coverage rates, which follow North Carolina law and are affordable for low-income drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.