Cheap Car Insurance in Fayetteville: Affordable Rates (2023) (2023)

Keep reading: Cheap Car Insurance

Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.

Our data shows that the average cost of minimum-coverage insurance in Fayetteville, N.C., is $52 per month or $627 per year. This is about 0% more than the national average of $52 per month or $625 per year. Similarly, full-coverage car insurance costs $156 per month or $1,876 per year on average, which is about 7% less expensive than the national average of $167 per month or $2,008 per year for full coverage.

Cheapest Liability Car Insurance in Fayetteville

Erie Insurance offers the cheapest liability insurance with average rates of $33 per month or $399 per year. Nationwide is the second-cheapest option in Fayetteville, N.C., with average rates of $38 per month or $462 per year.

Liability coverage is the minimum coverage required by the state of North Carolina. According to North Carolina law, all drivers must either meet or exceed the following minimum requirements:

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

Cheapest Full-Coverage Car Insurance in Fayetteville

A full-coverage car insurance policy can be pricey in Fayetteville, N.C. Full coverage includes liability plus comprehensive coverage and collision insurance, which protect against damage to your vehicle in a variety of situations. Erie Insurance is the cheapest full-coverage option with average rates of $101 per month or $1,217 per year.

Auto insurers look at different parts of drivers’ profiles to set their rates. Fayetteville, N.C., drivers can count on their age, location, credit score and driving history to be major factors in their final premium cost.

Some companies are cheaper for young drivers in their teens and 20s, while other companies are better for drivers that have gotten a DUI or too many speeding tickets. That’s why this section will take a deeper dive into the cheapest average auto insurance rates for different ages, driving histories, credit standings and ZIP codes in Fayetteville.

Fayetteville Car Insurance Cost by Age

Car insurance coverage rates are higher for teenagers because they’re more likely to break traffic laws and get into car accidents. Our data shows 16-year-olds pay about $166 per month or $1,986 per year for car insurance in Fayetteville, N.C.

As drivers transition into their 20s, the auto insurance premiums continue to go down. When drivers enter their 50s, rates begin to rise again. Here are some typical minimal policy car insurance rates for various age groups in Fayetteville, N.C., shown below.

Cheapest Car Insurance in Fayetteville: Teen Drivers

Car insurance for teens is expensive, but some providers tend to be more affordable than others. Our data shows State Farm is the cheapest car insurance company for teen drivers with minimum-coverage rates as low as $89 per month or $1,071 per year. Erie Insurance, Nationwide and North Carolina Farm Bureau also offer affordable premiums for Fayetteville teens.

Fayetteville Car Insurance Cost by Credit Score

In North Carolina and most other states, car insurance companies are allowed to consider credit scores when determining premiums for policyholders. Those with low credit scores will be charged higher rates for car insurance coverage, and conversely, those with good credit scores will pay less.

Cheapest Car Insurance in Fayetteville: Poor Credit

Our rate data shows Nationwide is the cheapest option for car insurance for bad credit in Fayetteville, N.C. The company offers minimum-coverage policies to drivers with poor credit for rates of $46 per month or $558 per year. This is 16% more than the overall state average for minimum coverage for good credit.

Fayetteville Car Insurance Cost by Driving Record

Drivers who have received speeding tickets, been involved in accidents or gotten DUI convictions in their driving history should anticipate a surge in their auto insurance rates. On average, speeding can increase your rates by 97%, an at-fault accident by 126% and a DUI by 401%.

But the exact price increase will differ among companies. Our research shows that Erie Insurance is the most suitable company for individuals with driving violations. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.

Keep reading: Insurance rates for high-risk drivers

Cheapest Car Insurance in Fayetteville: Speeding Ticket

According to our data, Erie Insurance offers the cheapest rates to drivers who have a speeding ticket on their records — $53 per month or $636 per year. Nationwide follows close behind with an average monthly rate of $56, while North Carolina Farm Bureau, State Farm and Penn National round out the top five options for cheap speeding ticket car insurance in Fayetteville.

Cheapest Car Insurance in Fayetteville: At-Fault Accident

Having been involved in an accident for which you’re found at fault can result in higher rates as compared to receiving speeding tickets. Erie Insurance and North Carolina Farm Bureau are the cheapest options here with average rates of about $53 per month and $60 per month, respectively. You can see some auto insurance companies charge significantly more for this amount for coverage after an accident.

Cheapest Car Insurance in Fayetteville: DUI

Driving under the influence is a grave violation that may result in a significant rise in your car insurance premiums in Fayetteville, amounting to hundreds of dollars annually. The good news is that National General is very cheap compared to other companies — it offers average rates of $89 per month or $1,065 per year for drivers with a DUI.

Erie Insurance, Nationwide and North Carolina Farm Bureau are also good options with rates under $159 per month on average.

Fayetteville Car Insurance Cost by ZIP Code

The rates of insurance claims, crimes and traffic differ depending on the location within the city, impacting the cost of your insurance premiums. Below, you can see certain ZIP codes in Fayetteville, N.C., can be up to 0.2% cheaper or 0.2% more expensive than the city average.

Although auto insurance rates in Fayetteville are 30% higher than those elsewhere in North Carolina and on par with the national average, there are still reasonably-priced car insurance companies available.

Erie Insurance provides the most affordable minimum coverage at approximately $33 per month, while Nationwide offers highly competitive rates starting at $101 per month for Fayetteville motorists. Compare free quotes from multiple providers to find your best rate. You can get quotes online or from insurance agents.