5. Charlotte, North Carolina
Average Annual Premium: $1,123.09
Charlotte is the largest city in North Carolina with a population of approximately 793,000. The city is also the second largest financial center in the country following NYC, as it’s home to both the Bank of America and Wells Fargo’s East Coast headquarters. Charlotte’s mild climate and minimal traffic congestion keep the city’s car insurance rates relatively low.
4. Durham, North Carolina
Average Annual Premium: $1,100.50
Durham, which is home to Duke University and North Carolina Central University, is also one of the vertices of the Research Triangle in the area. The city is home to over 245,000 people and is currently undergoing a major downtown revitalization project as many historic tobacco buildings are being converted into housing developments. Like Charlotte, Durham’s mild climate and efficient public transportation system alleviates traffic congestion and in turn lowers annual car insurance premiums.