In 2020, there was 8,878 car accidents in High Point, North Carolina. To protect your financial responsibilities in the event of an accident, auto insurance is legally required. The average annual cost of auto insurance in High Point is $ 434 for minimum coverage and $ 1,271 for full coverage. We’ve highlighted our picks for the best auto insurance in High Point based on the average rates provided by Quadrant Information Services, JD Power discounts and ratings.
Best Car Insurance Companies in High Point
Drivers looking for the best auto insurance in High Point should consider Erie, State Farm, Geico, and Allstate. These four providers are among the best auto insurance companies in North Carolina. Plus, they have affordable rates, great discounts, good coverage options, and strong financial stability ratings.
|Insurance company||JD Power Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||843/1000||$ 261||$ 770|
|State farm||859/1000||$ 300||$ 857|
|Erie||874/1000||$ 408||$ 1,117|
|Allstate||838/1000||$ 476||$ 1,445|
Based on our sample quotes, Geico offers some of High Point’s cheapest auto insurance policies. For most drivers, premiums are well below the city average, and the company has an impressive list of discounts for additional savings. Some of the discounts available through Geico include savings for military personnel, emergency deployments, federal employees, good students, employer / member groups and many more.
State Farm holds more than 16% total market share, which makes it the largest auto insurance company in the country. State Farm is a great option for High Point drivers who want to take advantage of discounts to get a lower rate. In addition, State Farm offers a safe driver rewards program – Drive Safe & Save – for drivers over 25. Of all the providers we reviewed, State Farm also has one of the best multi-policy discounts.
Erie is consistently highly rated by JD Power for overall customer satisfaction. The company is known for its low rates, great discounts, and comprehensive coverage. With every auto insurance policy, drivers have the option of adding Accident Discount, Wiping Deductible, New Car Replacement Coverage, Pet Injury Coverage, Lockdown Guarantee rate and other benefits. Erie also offers a handful of standard discounts.
Allstate’s insurance rates at High Point are above average, but there are plenty of discounts to help you get a lower rate. Allstate offers potential savings for insuring a new car, enrolling in AutoPay, being a responsible payer, being a smart student, and many more. Allstate also offers a few endorsements for personalized coverage, including new car replacement, accident remission, personalized equipment coverage, and roadside assistance.
The cheapest auto insurance in High Point
High Point drivers pay less each year for full coverage than the average North Carolina driver, but they pay more for minimum coverage. For comparison, the average cost of auto insurance in North Carolina is $ 1,325 per year for a comprehensive insurance policy.
If you are shopping for auto insurance, it can be helpful to see the average rates from different providers. However, keep in mind that auto insurance rates are personalized. For comparison purposes, we’ve included a table of the cheapest average auto insurance rates in High Point from the most popular carriers by market share:
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||$ 261||$ 770|
|State farm||$ 300||$ 857|
|At national scale||$ 357||$ 1,274|
|Erie||$ 408||$ 1,117|
|Allstate||$ 476||$ 1,445|
The cheapest auto insurance companies in North Carolina offer the lowest rates, but they each have their pros and cons. Even if you’re shopping for insurance on a tight budget, it’s important to look at factors other than price.
If you want to personalize your policy with endorsements, search for Erie, Allstate, or Nationwide. Geico and State Farm have limited coverage options. If you’re looking for discounts, all five vendors offer generous savings potential. However, the actual discounts available vary, so you will need to compare providers to see which ones you qualify for.
In terms of third party reviews, these providers are everywhere. In JD Power’s Latest Auto Insurance Study, State Farm and Erie were the only companies rated above average in the Southeast region. Geico, Allstate and Nationwide received an below average rating, which means the customer experience may not be as good.
High Point Insurance Requirements
Auto insurance is a legal requirement at High Point. Drivers must carry at least Liability insurance 30/60/25, as well as coverage for uninsured and underinsured motorists, which includes the following coverage:
- $ 30,000 civil liability for bodily injury per person
- Liability for bodily injury of $ 60,000 per accident
- $ 25,000 liability for property damage per accident
- $ 30,000 civil liability for bodily injury of uninsured motorists per person
- Liability for bodily injury of uninsured motorists of $ 60,000 per accident
- $ 25,000 civil liability for property damage of uninsured motorists by accident
- Civil liability of underinsured motorists for bodily injury of $ 30,000 per person
- Liability for bodily injury of underinsured motorists of $ 60,000 per accident
A bond, $ 85,000 deposit with the state treasurer or a certificate of self-insurance (only if more than 25 registered cars) can also satisfy the Financial Responsibility Act.
High Point drivers can drive legally with a minimum coverage policy. However, there is no guarantee that the minimum coverage insurance will cover your full financial responsibility in the event of an accident. Additionally, motorists who have a car loan or lease are often required by their lenders to purchase a comprehensive coverage policy, which includes collision coverage and comprehensive coverage.
Discounts on auto insurance in High Point
You can find auto insurance discounts from most auto insurance companies in High Point. However, keep in mind that each vendor offers unique savings. Here are some of the discounts you can get at High Point:
- Pay in full with discount: If you pay your annual premium up front and all at once, you may get a small discount on your premium.
- Good student discount: High school and college students who maintain a minimum GPA (typically “B” or higher) may be eligible for a discount.
- Discount without complaint: If you have no recent claims or accidents on your record, you may be able to get a discount on your premium.
- AutoPay discount: Drivers who sign up for automatic payments may find themselves receiving a small discount on their insurance premium.
One thing to know about auto insurance discounts is that they each have different savings potential. In addition to these discounts, High Point drivers can earn a lower rate by increasing their credit rating or increasing their deductible, assuming this will not create financial hardship.
Frequently Asked Questions
What is the best auto insurance company?
The best auto insurance company is different for every driver, so it’s important to compare providers based on your own personal criteria. If you need to jumpstart your research, look for some of the top rated vendors from Bankrate, like USAA, Amica, Allstate, Geico, and Nationwide.
How much auto insurance do I need at High Point?
High Point drivers are required by law to carry a minimum amount of liability insurance, as well as coverage for uninsured and underinsured motorists. However, you may want to consider increasing your coverage limits for more protection, or upgrading to a full coverage policy that comes with collision and comprehensive.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.