Insurance Costs in Concord, NC
Auto insurance in Concord averages $1,300 per year for full coverage, which is lower than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Concord, NC: What You Need to Know
Concord residents pay an average of $1,300 per year for full coverage auto insurance, which is 5.0% below the North Carolina state average and 22.3% below the national average.
With a population of 105,240, Concord is a mid-size city in North Carolina. Moderate traffic and relatively lower accident rates help keep insurance costs manageable.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,300 | $108 |
| Standard Coverage (50/100/50) | $1,066 | $89 |
| State Minimum (30/60/25) | $546 | $46 |
Homeowners Insurance in Concord, NC
The average cost of homeowners insurance in Concord is $1,672 per year ($139/month), which is 8.1% below the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations. Coastal or storm-prone areas may see even higher rates due to hurricane and flood risk.
Renters Insurance in Concord, NC
Renters insurance in Concord averages $192 per year ($16/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other North Carolina Cities
| City | Auto Insurance | Home Insurance |
|---|---|---|
| Charlotte | $1,573/yr | $1,901/yr |
| Raleigh | $1,477/yr | $1,795/yr |
| Greensboro | $1,505/yr | $1,672/yr |
| Durham | $1,450/yr | $1,760/yr |
| Winston-Salem | $1,423/yr | $1,619/yr |
| Fayetteville | $1,477/yr | $1,584/yr |
| Cary | $1,204/yr | $1,848/yr |
| Wilmington | $1,395/yr | $2,077/yr |
How to Save on Insurance in Concord
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Concord can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Concord, NC?
The average cost of car insurance in Concord, NC is $1,300 per year for full coverage, or about $108 per month. Minimum coverage costs around $546 per year.
Is car insurance expensive in Concord?
Car insurance in Concord is relatively affordable compared to many U.S. cities.
How much is home insurance in Concord?
Homeowners insurance in Concord costs an average of $1,672 per year. Your actual cost depends on your home's value, age, construction type, and specific location.