How Much is Car Insurance for Inexperienced Drivers in North Carolina?

It’s impossible to miss the captivating ads from insurers like Farmers and GEICO that make claims of huge savings. So you should just pick the one with the best commercial, right?

That is not the case, however, as there are a whole bunch of unknown aspects like if you want full coverage, the type of vehicle you drive, and where you live. This article will cover the best ways to avoid high prices and hopefully give you enough understanding to have a solid foundation to find cheaper car insurance.

The vehicle you are trying to insure is a large factor when trying to find low-priced insurance for inexperienced drivers. Vehicles with high performance features, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models. The information below illustrates auto insurance premiums for the most affordable automobiles to buy insurance for.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in your specific North Carolina location which can raise or lower insurance rates significantly.

Based upon these rates, we can presume that cars like the Honda CR-V, Subaru Forester, and Ford Escape are most likely going to be a few of the most economical vehicles to insure for new drivers.

Trying to find low-cost car insurance is challenging, and deciding which company quotes the best insurance rates for inexperienced drivers may require even more rate comparisons.

Each insurer uses a slightly different approach to set policy rates, so let’s begin by examining the most affordable insurance companies in North Carolina.

Lowest Insurance Price Quotes for Newbies

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Progressive has some of the best car insurance rates in North Carolina at around $651 a year. Utica National, Penn National, Liberty Mutual, and NC Farm Bureau would also be considered some of the most economical North Carolina car insurance companies.

In the above example, if you are currently insured with Liberty Mutual and switched to Progressive, you may see an annual premium reduction of in the neighborhood of $70. Policyholders with NC Farm Bureau might save as much as $86 a year, and State Farm insureds might realize rate reductions of up to $98 a year.

To compare your rates to other North Carolina insurance companies, click here to begin a quote or quote prices from the following companies.

Understand that those premiums are averaged for all types of insureds and vehicles and and are not calculated with a price discount for inexperienced drivers. So the insurer that has the lowest price for you may not even be in the list of companies above. That emphasizes why you need to quote rates from many companies using your own driver information and specific vehicle type.

Get discounts on North Carolina auto insurance rates

Insurers that sell cheap car insurance for inexperienced drivers in North Carolina may provide discounts that could potentially reduce rates by as much as 30% if you qualify for them. A list of insurance companies and their offered discounts can be read below.

• Progressive includes discounts for good student, online quote discount, multi-policy, online signing, homeowner, and multi-vehicle.
• Farmers Insurance may include discounts for alternative fuel, switch companies, pay in full, bundle discounts, mature driver, homeowner, and multi-car.
• Farm Bureau policyholders can earn discounts including 55 and retired, multi-vehicle, good student, driver training, multi-policy, youthful driver, and safe driver.
• State Farm discounts include Drive Safe & Save, multiple autos, driver’s education, student away at school, passive restraint, and multiple policy.
• GEICO may offer discounts for daytime running lights, anti-lock brakes, seat belt use, multi-policy, federal employee, and defensive driver.
• SAFECO may have discounts that include safe driver, anti-theft, teen safe driver, multi-car, bundle discounts, and drive less.
• Liberty Mutual offers premium reductions for good student, newly married, new move discount, safety features, and new graduate.

The information below shows the difference between insurance premiums with and without discounts applied to the premium. The data is based on a male driver, a clean driving record, no claims, North Carolina state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, claim-free, multiple vehicle, safe-driver, vehicle safety, and accident-free discounts applied. When these discounts are applied, the the amount saved on insurance for inexperienced drivers is 27% or $324.

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