How Much Does Car Insurance Cost for Drivers Over Age 50 in North Carolina?

Comparing rates for low-cost auto insurance is confusing at best, and figuring out which insurers offer the cheapest insurance rates for drivers over age 50 requires even more shopping around. Insurance prices may be somewhat lower-priced than the average rate in North Carolina, with the decrease attributed to the lower likelihood of claims that comes with offering coverage for older drivers. Cheap insurance should be easy to find from many providers.
Every insurance company uses their own method for setting rates, so we’ll take a look at the insurance companies with the overall cheapest rates in North Carolina.

It’s important to understand that North Carolina insurance rates are impacted by many factors that will increase or decrease the price of your policy. Simply turning a year older, buying a different vehicle, or getting a driving violation may generate price changes that can now make some companies much cheaper than others.

Find Cheaper Auto Insurance for Age 50+

Click Here to Start Your Quote

google.charts.setOnLoadCallback(drawNCT5qcibChart);function drawNCT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Progressive’, 632, ‘#FF9333’], [‘Utica National’, 662, ‘#D47A2A’], [‘Penn National’, 717, ‘#B06523’], [‘GEICO’, 720, ‘#92541D’], [‘Liberty Mutual’, 728, ‘#794618’]]);var options = {title: ‘Top Five Low-Cost Car Insurance Companies in North Carolina’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:828,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Progressive has some of the lowest car insurance rates in North Carolina at around $632 per year. Utica National, Penn National, GEICO, and Liberty Mutual would also be considered some of the cheapest North Carolina car insurance companies.

In the rate table above, if you are insured with GEICO and switched to Utica National, you may see savings of in the neighborhood of $58. Drivers with Liberty Mutual could save as much as $66 a year, and Titan insureds might cut rates by $67 a year.

It’s important to note that these premiums are averages for all types of drivers and the different vehicles they drive and do not factor in a rate decrease for drivers over age 50. So the auto insurance company that fits your situation best may not even be included in the list above. That’s why you need to quote rates from many companies using your own specific driver and vehicle information.

When buying car insurance for older drivers, one of the key components that car insurance companies use when figuring the price of your policy is where your car is garaged. Areas that are densely populated or have higher claim frequency like Fayetteville, Charlotte, and Greensboro tend to have more expensive auto insurance rates, whereas less populated areas have the luxury of cheap car insurance for drivers over age 50 in North Carolina.

The next table shows the most expensive cities in North Carolina for drivers over age 50 in which to purchase auto insurance.

Rate quotes are estimated as the specific zip code location can increase or decrease premium rates noticeably.

The make and model of vehicle driven is one of the largest considerations when consumers are trying to find the best coverage for drivers over age 50. Vehicles with more horsepower, a lack of safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below presents auto insurance rates for a handful of the most cost-effective automobiles to insure.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate information does not factor in North Carolina location which can alter prices greatly.

Looking at the rates, we can tell that models like the Honda Accord, Honda CR-V, and Ford Escape should be some of the cheaper vehicles to insure for older drivers.

Safe drivers pay less for insurance

The easiest way to score affordable insurance prices in North Carolina for older drivers is to be a cautious driver and avoid accidents and keep your driving record clean. The example below illustrates how traffic citations and at-fault accidents can increase insurance costs for each different age category. The information is based on a single male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2741,2939,4561],[‘Age 30’, 1415,1613,3235],[‘Age 40’, 1413,1611,3231],[‘Age 50’, 1279,1479,3101],[‘Age 60’, 1237,1437,3057],[‘Age 70’, 1489,1687,3309]]);var options = {title: ‘Effect of Tickets and Claims on North Carolina Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in North Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of car insurance per year with no violations or accidents is $1,596. Receive one speeding ticket and the average cost hikes up to $1,794, an increase of $199 each year. Next add two accidents along with the one speeding ticket and the yearly cost of insurance for drivers over age 50 increases to an average of $3,416. That’s an increase of $1,820, or $152 per month, just for not driving responsibly!

Finding the highest-rated insurance company is hard considering how many choices there are in North Carolina. The rank data shown next can help you pick which providers you want to consider when comparing rate quotes.

These ratings only include major nationwide insurance companies, so smaller companies that only insure vehicles in North Carolina are not included in these rankings. To compare price quotes from these companies and more, just click here.