Who Has the Cheapest Auto Insurance for 17 Year Olds in North Carolina?

The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, specifically when shopping around for the lowest insurance prices for 17 year olds. To save some money, let’s start off by going over some things that have an impact on insurance rates, and find a way to lower the price of your next policy.

The type of vehicle that is being insured is one of the largest factors when looking for the cheapest car insurance for 17 year olds in North Carolina. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.

The information below outlines coverage costs for a handful of the most cost-effective automobiles to buy insurance for.

Price data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in vehicle location which can impact premium rates significantly.

By looking at the data, you can conclude that cars like the Honda CR-V, Ford Escape, and Toyota Prius are most likely to be the more affordable vehicles to insure for teen drivers. The price for an auto insurance policy will be more costly just because there is more inherent risk for 17 year olds, but in general those makes and models will tend to have the lowest insurance prices that you are likely to find.

Finding dependable, cheap insurance is difficult, and finding out which company has the cheapest insurance rates for 17 year olds involves more quotes for comparison. Policy rates could be much more expensive than the average policy in North Carolina, with the increase attributed to the potential for more claims associated with selling insurance for teen drivers, but competitive coverage should be possible if you look hard enough. Each company uses their own method for determining rates in each state, so first we will examine the insurance companies that tend to have lower prices in North Carolina.

Keep in mind that North Carolina insurance rates are based on many factors that will increase or decrease your annual premium. Things like having a birthday, buying a different vehicle, or getting a couple of tickets can trigger rate changes that may make certain companies much higher than others.

Best Insurance Companies for Teens

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Progressive offers some of the most affordable car insurance rates in North Carolina at around $632 each year. Utica National, GEICO, Liberty Mutual, and NC Farm Bureau also make the cut as some of the best North Carolina auto insurance companies.

In the above example, if you buy coverage from GEICO and switched to Progressive, you could realize yearly savings of around $96. Insureds with Liberty Mutual may save as much as $96 a year, and NC Farm Bureau policyholders might see rate reductions of $105 a year.

These policy rates are averaged across all drivers and vehicles in North Carolina and are not factoring in a price increase for 17 year olds. So the car insurance company that has the cheapest price for you may not even be included in the above list. That’s why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

When shopping for cheaper insurance for teen drivers, one of the many criteria that insurance companies use to determine insurance cost is the neighborhood you call home in North Carolina. Regions with larger populations or more claims like Fayetteville, Charlotte, and Gastonia tend to have higher auto insurance costs, whereas areas with less crime or weather claims have the benefit of the cheapest car insurance for 17 year olds in North Carolina.

The table below displays the priciest cities in North Carolina for 17 year olds to purchase auto insurance in.

Rate quotes are approximated as zip code location can influence insurance rates substantially.

Selecting a highly-rated company can be a challenge considering how many companies there are in North Carolina. The ranking data listed below could help you select which auto insurance companies to look at comparing rate quotes with. The ratings below include companies with a national presence, so companies that may only write in North Carolina are not factored into this list.

Top 10 Major Auto Insurance Companies in North Carolina Ranked by Customer Satisfaction

1. USAA – 91%
2. Esurance – 90%
3. AAA Insurance – 90%
4. Nationwide – 89%
5. Progressive – 88%
6. Safeco Insurance – 88%
7. State Farm – 88%
8. Allstate – 88%
9. Travelers – 88%
10. The Hartford – 87%

Top 10 Major Auto Insurance Companies in North Carolina Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Titan Insurance
8. The General
9. 21st Century
10. Esurance

The chart below shows how choosing a deductible can influence insurance premiums when getting quotes for cheap insurance for 17 year olds. The premium estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

As shown above, a 40-year-old driver could lower rates by $208 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $314 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could possibly save up to $692 annually just by choosing higher deductibles.

When raising deductibles, it is important to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense that comes with higher deductibles.

How to find more affordable car insurance for 17 year olds

The list below shows some of the recommended thrifty ideas that can help you get more affordable coverage.

• Claim-free policyholders usually earn a discount
• Home or renters coverage can save on auto insurance
• Older vehicles may not need full coverage
• Improve your credit rating
• Buy vehicles with five-star safety ratings
• Raise your deductibles
• Compare rates and switch if you can find a better deal

That last idea is extremely important, as we pointed out in the article above. Auto insurance rates vary considerably, so don’t be unwilling to buy from a new company if a better deal can be had.

Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that stubbornness costs you hundreds of dollars year after year. It only take a few minutes to compare rates to find cheaper car insurance for 17 year olds.