Who Has the Cheapest Car Insurance Quotes for a School Permit in North Carolina?

Our editors keep telling us that when writing about car insurance, the word affordable should never be used anywhere in the article. Despite the oxymoron, cheap car insurance for a school permit is not easy to find. But don’t despair, because we will show you how you can still find and buy auto insurance that doesn’t break your budget.

The vehicle driven is one of the main factors that determines whether or not you can buy the best cheap car insurance for a school permit. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models. The next table showcases auto insurance rates for a selection of the most cost-effective automobiles to buy coverage for.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in garaging location in North Carolina which can raise or lower prices significantly.

Looking at the numbers, we can infer that makes and models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Chevrolet Traverse should be some of the most budget-friendly vehicles to insure for a learners permit. Rates will tend to be higher because there is more liability risk for a school permit, but overall those particular models will have the cheapest auto insurance rates compared to other types of vehicles.

Trying to buy low-priced insurance is tough enough, and determining which company has the best insurance rates for a school permit takes even more rate comparisons. Rates may be quite a bit more expensive than the average price in North Carolina, with the extra cost attributed to the additional risk associated with selling coverage for a learners permit, but economical coverage should be available if you find the right company. Every insurance provider uses their own formula to set premium rates, so to begin we’ll rank the insurance companies that tend to be cheaper in North Carolina.

We do need to point out that North Carolina insurance rates are calculated based on many things that control your annual premium. This is why consumers need to take the time to shop around when trying to find the most budget-friendly auto insurance rates for a school permit. Rates are influenced by many risk factors and can decrease or increase without notice, so the cheapest company two years ago may now be an over-priced policy.

Cheapest Insurance Rates for Students

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Utica National may have some of the most affordable car insurance rates in North Carolina at around $643 annually. Progressive, Liberty Mutual, Penn National, and GEICO also are some of the more affordable North Carolina insurance companies.

As shown in the table above, if you currently have coverage with Penn National and switched to Progressive, you could see an annual savings of in the neighborhood of $74. Customers with GEICO may save as much as $77 a year, and Titan policyholders might lower prices by $86 a year.

It’s important to note that these policy prices are averaged for all drivers and vehicles in North Carolina and and are not figured with a rate surcharge for a school permit. So the insurer that has the cheapest rates for you may not even be shown in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.

For a learners permit, one of the big things used to calculate the amount you pay each year for auto insurance is where you keep your vehicle in North Carolina. Cities that have higher claim levels or more people like Fayetteville, Charlotte, and Durham tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of the cheapest auto insurance for a school permit in North Carolina.

The next table rates the most expensive areas in North Carolina for a school permit to buy an auto insurance policy in.

Premium costs are comparative as specific North Carolina zip code can alter insurance rates substantially.

The diagram below shows how different deductible levels can impact yearly insurance costs when trying to find cheap insurance for a school permit. The costs are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.

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The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $266 a year by changing from a $100 deductible to a $500 deductible, or save $400 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 category, could possibly save up to $684 every year just by choosing larger deductibles.

When raising deductibles, it will be necessary to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How to find low-cost car insurance for a school permit

Here are many penny-pinching ideas that can help North Carolina drivers locate cheaper car insurance.

• Good credit can save money
• Multi-policy discounts save money
• At-fault accidents can raise rates significantly
• Avoid filing small claims
• Maintain a clean driving record
• Increase your deductibles
• Compare quotes from other companies often

That last idea is notably vital, as was discussed in the prior information. Rates change frequently, so don’t be tentative to buy a different policy if a more affordable rate is found. Loyalty to a specific company is fine, but it’s not recommended if that inflexibility results in costing you a small fortune year after year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a school permit.

Cheap insurance quotes for a learners permit

Thanks to technology, there are a lot of ways to purchase insurance in North Carolina, but the most prevalent are through a captive (or exclusive) agent such as State Farm or Auto-Owners, an independent insurance agent, or direct either online or via phone.

Each way has the same basic steps, but it’s good to know the differences in how they function.

Independent insurance agencies work with multiple companies and can quote your policy with all of them. They have the freedom to give you more rates, which may provide you with the best chance of saving money. If you want to switch companies, they simply switch companies in-house and you stay with the same agent.

An agent who is captive is restricted to quoting rates for a single insurance company, examples being a Liberty Mutual or State Farm agent. Exclusive agents cannot quote rates from more than one company, so it’s a good idea to get additional price quotes.

Consumers who buy insurance direct forego an independent or exclusive agent and instead shop buying direct from a company like Geico or Progressive. Buying insurance direct is good for people who have lower risk management needs and have an above average understanding of how insurance works and possible exclusions.

Which method works best to buy the cheapest auto insurance for a school permit in North Carolina? Most people would assume that buying from a direct company saves money because you bypass the agent, but that is generally not the case. An argument could also be made that buying from an independent agent is the best way to go due to increased selection, but again, that’s not accurate. In the right set of circumstances, exclusive agencies have extremely competitive rates that are the cheapest in North Carolina.

Since insurance prices are based on many different factors, the best method to ensure you are not overpaying is to get quotes and compare the rates. If you have the time, get price quotes all three ways to give yourself the best selection. For a list of companies with cheap rates in North Carolina, click here to view.