What Car Insurance is Cheapest for 19 Year Olds in Raleigh?

The words “cheap” and “insurance” really should not be used together, in particular when you are searching for the best car insurance rates for 19 year olds. To help control this cost, let’s lead off by showing you some things the can have a considerable influence on car insurance premiums, and find some ways to shave a little off the next policy you buy.

One of the many components that help determine insurance cost is where your car is garaged in Raleigh. Areas with high crime rates or more dense population will most likely pay more, whereas areas with less crime or weather claims benefit from lower rates.

The table below lists the highest-priced places in North Carolina for 19 year olds in which to buy car insurance. Raleigh makes the list at #14 with the annual price of $737 for coverage, which is about $61 monthly.

Car insurance prices in Raleigh
Rank City Average Per Year
1 Fayetteville $923
2 Jacksonville $891
3 Charlotte $832
4 Gastonia $811
5 Durham $765
6 Wilmington $765
7 Greensboro $763
8 Rocky Mount $748
9 Indian Trail $745
10 Goldsboro $743
11 Cary $742
12 Hickory $740
13 Apex $739
14 Raleigh $737
15 Huntersville $734
16 Wilson $732
17 High Point $731
18 Greenville $730
19 Winston Salem $716
20 Salisbury $705
21 Kannapolis $697
22 Chapel Hill $696
23 Burlington $671
24 Concord $669
25 Asheville $661
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Rate information is comparative as the garaging address in Raleigh can increase or decrease rates significantly.

The type of vehicle you are insuring is a large factor in finding economical coverage for 19 year olds. Vehicles with limited top-end speed, a great safety record, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.

The data below presents coverage rates for some of the most cost-effective automobiles to insure.

Cheapest Vehicles to Insure in Raleigh, NC
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 4WD $2,960
Ford Escape Limited 4WD $3,165
Hyundai Elantra SE Touring Station Wagon $3,172
Toyota Prius $3,201
Ford Explorer XLT AWD $3,269
Dodge Grand Caravan CV $3,279
Ford Edge Limited 2WD $3,437
Honda Odyssey EX $3,446
Ford Focus SE 4-Dr Sedan $3,437
Toyota RAV4 Sport 4WD $3,474
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $3,568
Honda Civic LX-S 4-Dr Sedan $3,645
Toyota Corolla LE $3,681
Toyota Tacoma X-Runner 2WD $3,691
Chevrolet Impala LTZ $3,681
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Table data represents single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in zip code location which can affect rates noticeably.

By looking at the data, we can presume that cars like the Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are most likely to be a few of the most affordable vehicles to insure for teenage drivers. The price of auto insurance will tend to be more expensive anyway just because there is a higher risk for 19 year olds, but overall those vehicles will probably have the lowest prices compared to all other vehicles.

The illustration below shows how choosing a deductible can influence yearly insurance costs when quoting cheap insurance for 19 year olds. The rates are based on a single male driver, comp and collision included, and no discounts are applied.

The data above shows that a 40-year-old driver could reduce rates by $278 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $416 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, can cut up to $924 annually just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it will now be necessary to have additional funds squirreled away to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Buying coverage from a highly-rated car insurance company is difficult considering how many companies are available to choose from in North Carolina. The ranking data below can help you decide which auto insurers you want to consider when comparing insurance rates for 19 year olds. The ratings below are only made up of major nationwide insurance companies, so smaller regional companies are not factored into the list.

Best Insurance Companies for 19 Year Olds in North Carolina
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Comparison of full coverage and liability-only policies

Paying less for insurance is important to the majority of drivers, and one of the easiest ways to buy cheaper insurance for 19 year olds is to only buy liability insurance. The chart below visualizes the comparison of annual premium costs with liability coverage only compared to full coverage. The rates are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are applied.

If all age groups are averaged, full coverage on your policy costs $1,755 per year over liability only. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no definitive guideline for eliminating full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

Chances are good that you’re overpaying for Raleigh car insurance

Raleigh insurance rates are influenced by many factors that can increase the cost of your policy. Simply getting older, increasing liability limits, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being cheaper than competitors. Additionally, auto insurance companies change premium rates every year in order to maintain liquidity for claims. Larger than normal claims can result in higher prices, while a better claims history can result in lower-priced Raleigh car insurance rates.

For instance, the chart below analyzes the cheapest car insurance in Raleigh, NC for a 45-year-old female driver with no accidents or violations, and great credit. If we compare prices based on her current risk profile, Progressive offers the most affordable car insurance rates in Raleigh at $711 each year. This is $161 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, GEICO, and NC Farm Bureau also make the list of the top five cheapest Raleigh, NC auto insurance companies.

Let’s now give the driver from the first set of rates some claims, a lower credit score, and a speeding ticket. Since each auto insurer has their own guidelines for determining rates in each state, analyzing rates most likely will result in a substantially altered list of affordable Raleigh car insurance companies as shown below.

Titan now has the best price in Raleigh with State Farm, Auto-Owners, National General, and Allied now being in the top five. This example demonstrates why it is crucial to compare many different companies to find the most economical car insurance rates for 19 year olds. Auto insurance prices can be determined by many different factors and change substantially, so the most economical option two years ago may now be priced much higher than other options.