Cheap Car Insurance Quotes for Drivers Under 25 in North Carolina

You have seen the commercials from car insurance companies like Allstate and GEICO promising enormous savings. So drivers should just select the one with the best jingle, right?

It’s not quite that easy, unfortunately, as there are many unknown factors such as whether or not you are married, if you are currently insured, if you are a renter or homeowner, and how far you drive each year. We will attempt to cover the things that cause high insurance rates and also should give you some help in finding cheaper rates.

When shopping for the cheapest insurance for drivers age 25 and younger, one of the many components that impact the amount you pay for auto insurance is where you live. Areas that are more densely populated like Jacksonville, Charlotte, and Durham tend to have more expensive auto insurance rates, whereas more rural areas profit from lower rates.

The table below lists the most expensive places in North Carolina for drivers under 25 to buy car insurance in.

Annual rates are comparative as specific North Carolina zip code can modify premium rates noticeably.

The vehicle model you are buying coverage for is a large factor in finding cheap car insurance for drivers under 25 in North Carolina. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models. The next table shows auto insurance premiums for a selection of the most cost-effective vehicles to buy insurance for.

Cost estimates assume single male driver age 20, 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 garaging location which can affect prices considerably.

Based upon the rates shown, you can presume that cars like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Ford Edge should be some of the cheaper vehicles to insure for drivers age 25 and younger. Auto insurance rates will be more costly just because there is a higher risk for drivers under 25, but in general those particular vehicles will probably have the best insurance prices available.

Does full coverage make sense?

Finding cheap car insurance for drivers under 25 in North Carolina should be important to the majority of vehicle owners, and one of the best ways to save on the cost of insurance is to not buy full coverage. The example below illustrates the difference between car insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no additional discounts are factored in.

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If the expense is averaged for all age categories, physical damage coverage costs an extra $1,785 per year more than just insuring for liability. That is a big expense that brings up the question if paying for full coverage is worth it. There is no specific rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

Cautious drivers save money

The best way to receive the most affordable car insurance rates in North Carolina for drivers age 25 and younger is to drive carefully and not get tickets or have accidents. The information below shows how speeding tickets and at-fault accidents raise insurance costs for different age categories. The rate quotes are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1541,1677,2045],[‘Age 30’, 801,933,1305],[‘Age 40’, 781,915,1285],[‘Age 50’, 721,853,1221],[‘Age 60’, 707,839,1209],[‘Age 70’, 831,965,1333]]);var options = {title: ‘Impact of Tickets and Accidents on North Carolina Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of auto insurance per year with a clean driving record and no accidents is $897. Get one speeding ticket and the average cost jumps to $1,030, an increase of $133 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for drivers under 25 increases to an average of $1,400. That’s an increase of $503, or $42 per month, just for being a little careless behind the wheel!

Which major car insurance company is best?

When comparing rates for car insurance for drivers age 25 and younger, the four most popular companies are Progressive, Geico, State Farm, and Allstate. They all offer your standard coverages, but each one has a distinct set of features and optional coverages that buyers can choose from. The data below ranks price and claims rank as well as some different options that may be available in North Carolina.

Who has the cheapest insurance quotes for drivers age 25 and younger?

You have a lot of ways to quote and buy car insurance in North Carolina, but the three most common ways are using an independent or non-exclusive agent, a captive (or exclusive) agency such as Liberty Mutual or Allstate, or from a direct company like Progressive.

Each way has the same basic steps, but they are slightly different in how they price policies.

Independent insurance agents work with multiple companies and can quote your policy with all of them. These agents do not sell for just one brand and can give you more rate choices, which may give you a better comparison. If your agent finds a cheaper company, your policy can be moved which prevents you from having to switch agents.

An exlusive, or captive, agency is only able to write with a single insurance company, two popular examples being a State Farm or Allstate agent. Exclusive agents normally do not have the ability to quote rates from more than one company, so keep that in mind.

If you buy direct, you forego a local insurance agent and buy buying direct from a company like Progressive or Esurance. Buying car insurance direct may be a decent choice drivers who have little risk and know the limitations of their policy.

Which way is best to find cheap car insurance for drivers under 25 in North Carolina? We’d like to tell you buying direct results in the cheapest price since that eliminates agent commissions, but in reality, that is not true. And we’d like to say using an independent agent guarantees the cheapest rates since they can quote with many companies, but again, that’s not accurate. For some people, exclusive agents may have prices that are the lowest in North Carolina.

Due to the large number of rating factors, the one way to find out which one is cheapest is to compare rate quotes from as many companies as possible. If time allows, get price quotes all three ways to give yourself plenty of rates to compare. For a list of companies offering online discounts, click here to view.