Cheapest Auto Insurance Quotes for Drivers Under 21 in North Carolina

For minors, one of the more important considerations that play a part in determining car insurance rates is where your home is located. Regions with more people or even just more weather-related claims like Fayetteville, Charlotte, and Durham will most likely have higher rates, whereas less populated areas have the gratification of the cheapest auto insurance for drivers under 21 in North Carolina.

The illustration below illustrates the most costly cities in North Carolina for drivers under 21 to purchase a policy in.

Price information shown is estimated as specific North Carolina zip code can affect coverage rates noticeably.

We all like different vehicles, and the type of vehicle needing coverage is a large factor when consumers are trying to find affordable coverage for drivers under 21. Vehicles with higher performance characteristics, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models. The tables below estimates insurance premiums for some of the most affordable vehicles to buy coverage for.

Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific North Carolina garaging location which can revise premium rates greatly.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in zip code location which can revise prices considerably.

Prices above based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in garaging location in North Carolina which can revise price quotes greatly.

Establishing which companies quote the lowest-priced car insurance rates for drivers under 21 involves more time in order to find the lowest price quote. Every car insurance company has their own unique process to determine rates, so let’s examine the most competitive car insurance companies in North Carolina.

It’s important that readers know that North Carolina car insurance rates are calculated based on many things which can substantially decrease or increase the cost of coverage. Improving your credit rating, buying a home instead of renting, or getting a ticket for running a stop sign can trigger changes in premium that may make certain companies more affordable than before.

Lowest Insurance Price Quotes for Minors

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Utica National offers some of the cheapest car insurance rates in North Carolina at around $636 each year. Progressive, GEICO, Liberty Mutual, and NC Farm Bureau also are some of the best North Carolina car insurance companies.

In the above example, if you have coverage with NC Farm Bureau and switched to Progressive, you could earn annual savings of about $98. North Carolina drivers with Titan could save as much as $98 a year, and Penn National policyholders might lower prices by $108 a year.

Bear in mind that those prices are averages across all drivers and vehicles and and are not figured with a price surcharge for drivers under 21. So the company that fits your situation best may not even be included in the list of companies shown earlier. That point stresses why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

Should you buy full coverage?

Finding the cheapest auto insurance for drivers under 21 in North Carolina should be important to the majority of people, and one of the quickest ways to reduce the cost of insurance is to buy liability only. The illustration below illustrates the comparison of insurance costs when comparing full coverage to liability only. The premiums assume no driving violations, no at-fault accidents, $500 deductibles, single status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2201,761],[‘Age 30’, 1155,423],[‘Age 40’, 1139,393],[‘Age 50’, 1035,367],[‘Age 60’, 1001,361],[‘Age 70’, 1223,481]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in North Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

On average, full coverage costs $1,292 per year over liability only. Many of you may wonder if buying full coverage is a waste of money. There is no specific rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s replacement cost is $10,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $9,000 after you pay the deductible. If you are currently paying more than $900 annually to have full coverage, then you might consider buying liability only.

Types of discounts on North Carolina insurance

Auto insurance companies that provide the cheapest auto insurance for drivers under 21 in North Carolina may also give you special discounts that can lower rates by 35% or more if you meet the requirements. A list of companies and the discounts they provide are shown below.

The example below compares car insurance costs with and without discounts applied. The rate quotes are based on a female driver, no violations or claims, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with anti-theft, continuous coverage, paid-in-full, passive restraint, vehicle safety, and paperless filing discounts applied. When these discounts are applied, the the amount saved on car insurance for drivers under 21 is 13% or $151.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 1999,1441],[‘Age 30’, 1289,1013],[‘Age 40’, 1127,939],[‘Age 50’, 1091,823],[‘Age 60’, 1265,795]]);var options = {title: ‘Effect of Discounts on Insurance Price for Drivers Under 21’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Which auto insurance company is best?

When buying car insurance for minors, probably the best companies to start with are Allstate, State Farm, Progressive, and Geico. When added together, they insure over 45% of all policies written. The following table shows pricing and service ratings, as well as optional policy coverages that are available for policyholders.