As one of the biggest states in the South, North Carolina has a rich culture and history. But whether you're hitting the road on the way to classic North Carolina barbecue or you're off to a tailgate for your favorite NC college sports team, you'll want affordable auto insurance. Will a bad credit score get in the way of that?
Unfortunately, North Carolina is one of many states that factor in your credit score when determining your car insurance rates. No, credit isn't the only thing that car insurance companies take into account. But credit is one part of your larger driver profile and may lead to higher rates if your score reflects poorly on your credit history.
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
Having a low credit score in North Carolina will raise your car insurance rates by an average of about 15 percent—which comes out to roughly $19 per month. This adds up to over $200 over the course of a year.
Fortunately, North Carolina already boasts some of the lowest average car insurance rates in the nation. While no one wants to add another $20 to their rate, North Carolinians with bad credit still pay some of the lowest car insurance rates in the country.
In North Carolina, it's legal for car insurance companies to take a look at your credit score before determining your car insurance rate. So you'll most likely undergo a credit check if you're shopping for car insurance in North Carolina.
But you still have options even if your credit history is far from perfect. A few local car insurance companies in North Carolina offer affordable rates for those with poor credit scores. Or you could look to a national insurance carrier like GEICO, which many drivers say offers reasonable rates for drivers with bad credit.
Dairyland, American Family, and Midvale Home & Auto provide the cheapest car insurance options for drivers in North Carolina who have low credit scores. While North Carolina might not have a wealth of options, their cheapest options provide monthly costs under $100, which are some of the cheapest rates around.
|Carrier||Avg. Monthly Cost|
|American Family Insurance||$97|
|Midvale Home & Auto||$107|
In North Carolina, car insurers are allowed to check your credit before offering you a car insurance rate—which is why it's no surprise that those with excellent credit pay the least ($111 per month) while those with poor credit pay the highest prices ($143 per month). Meanwhile, those with good or average credit pay around $130.
|Credit Tier||Avg. Monthly Cost|
North Carolinians are lucky when it comes to car insurance—even when their credit isn't great. But those in the state capital are especially lucky, as Raleigh residents with poor credit pay a mere $117 per month on car insurance. On the higher end of things, Fayetteville residents pay a still-reasonable $159 per month on average.
|City||Credit Tier||Avg. Monthly Cost|
Insurance prices and policies can vary significantly between companies, and a state like North Carolina draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.