What Car Insurance is Cheapest for Inexperienced Drivers in Raleigh?

The vehicle requiring insurance is a large consideration that determines whether or not you can buy cheaper coverage for inexperienced drivers. Vehicles with high performance, poor passenger safety features, or high incidents of liability claims will cost more to insure than safer models. The table below presents car insurance premiums for the cheaper automobiles to insure in North Carolina.

Cheapest Vehicles to Insure in Raleigh, NC
Vehicle Insured Estimated Cost for Full Coverage
Ford F-150 XL Regular Cab 2WD $951
Ford Escape XLT 2WD $1,053
Honda Odyssey EX W/Rear Entertainment $1,064
Honda CR-V EX 4WD $1,075
Toyota Camry LE $1,086
Ford Explorer Limited 2WD $1,105
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,112
Chevrolet Equinox LTZ AWD $1,162
Jeep Grand Cherokee SRT-8 4WD $1,168
Toyota Prius $1,164
GMC Sierra 3500HD SLE Extended Cab 2WD $1,183
Jeep Wrangler Unlimited Rubicon 4WD 4-Dr $1,203
Honda Accord EX 2-Dr Coupe $1,223
Ford Edge SE AWD $1,228
Toyota Camry Hybrid $1,242
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can revise price quotes noticeably.

Looking at the numbers, makes and models like the Ford F-150, Ford Escape, and Honda Odyssey will definitely be a few of the less-costly vehicles to insure for new drivers.

For new drivers, one of the more important factors that are looked at to help calculate insurance cost is where you live in Raleigh. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas less populated areas have the luxury of cheap car insurance rates.

The information below ranks the most expensive areas in North Carolina for inexperienced drivers to purchase a policy in. Raleigh comes in at #13 with an annual cost of $744 for the average policyholder, which is around $62 per month.

How much does car insurance cost in Raleigh, NC?
Rank City Annual Premium
1 Fayetteville $932
2 Jacksonville $864
3 Charlotte $832
4 Gastonia $803
5 Durham $797
6 Wilmington $788
7 Greensboro $779
8 Cary $772
9 Wilson $754
10 Indian Trail $753
11 Apex $747
12 High Point $745
13 Raleigh $744
14 Greenville $738
15 Goldsboro $735
16 Huntersville $734
17 Hickory $732
18 Rocky Mount $718
19 Chapel Hill $717
20 Salisbury $705
21 Concord $697
22 Kannapolis $690
23 Winston Salem $688
24 Asheville $681
25 Burlington $671
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Prices are comparative as the specific Raleigh residence address can lower or raise price quotes noticeably.

Finding cost effective insurance is not always easy, and figuring out which companies have the cheapest car insurance rates for inexperienced drivers requires even more diligence. Every insurance provider has a unique formula for determining rates in each state, so let’s take a look at the most competitive car insurance companies in North Carolina.

We do need to point out that Raleigh, NC car insurance rates are based on many factors which can substantially change the price you pay. This price variability is why drivers need to spend some time comparing rates when trying to find the most affordable insurance rates for inexperienced drivers. Auto insurance prices are calculated by many factors and can decrease or increase without notice, so the best company two years ago may now not even be in the top five.

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Cheapest insurance companies in North Carolina
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $662
3 Liberty Mutual $721
4 GEICO $728
5 Titan $729
6 NC Farm Bureau $730
7 Penn National $747
8 State Farm $749
9 Auto-Owners $870
10 National General $890
11 Allied $892
12 Erie $904
13 Travelers $936
14 Peerless $962
15 Nationwide $1,011
16 MetLife $1,018
17 Safeco $1,034
18 Unitrin $1,042
19 Encompass $1,063
20 Allstate $1,064
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Progressive may offer some of the cheapest car insurance rates in Raleigh at around $632 a year. Utica National, Liberty Mutual, GEICO, and Titan would also be considered some of the more affordable Raleigh, NC insurance companies.

In the above example, if you currently buy coverage from Titan and switched to Utica National, you may see an annual savings of about $67. Insureds with NC Farm Bureau could save as much as $68 a year, and Penn National policyholders might see rate reductions of $85 a year.

Bear in mind that those policy rates are averaged across all types of insureds and vehicles and and are not figured with a specific location for inexperienced drivers. So the insurer that has the lowest price for you may not even be in the top 20 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

The example below illustrates how your choice of deductibles can increase or decrease insurance costs when getting quotes for cheap insurance for inexperienced drivers. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.

The data above shows that a 40-year-old driver could save $174 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $262 by changing to a $1,000 deductible. Younger drivers, like the age 20 example, could shave $578 every year just by choosing higher deductibles when buying full coverage. If you make the decision to raise deductibles, it is a good idea to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Impact of careless driving on car insurance rates

The easiest way to maintain the cheapest car insurance premiums in Raleigh for new drivers is to drive safely and not have accidents or get tickets. The information below shows how speeding tickets and fender-benders influence car insurance costs for each age group. The rates are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.

In the previous example, the average cost of car insurance in North Carolina per year with no violations or accidents is $810. Get written up for one speeding ticket and the average cost jumps to $944, an increase of $134 each year. Then add in one accident along with the one speeding ticket and the annual cost of car insurance for inexperienced drivers increases to an average of $1,314. That’s an increase of $504, or $42 per month, just for not driving safely!

Choosing a good quality insurance company is difficult considering how many different insurance companies sell coverage in Raleigh. The information below could help you select which coverage providers to look at purchasing from. These ratings include the largest companies in America, so companies that only write business in North Carolina or surrounding areas are not factored into this list.

Top 10 Major Auto Insurers in Raleigh Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Top 10 Major Auto Insurers Overall in Raleigh

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

Low rates today, overpriced tomorrow

Raleigh car insurance rates are influenced by many factors which can substantially decrease or increase the price of your policy. Simply getting older, buying another vehicle, or getting a DUI can cause premium changes that can now make some companies more affordable than competitors.

Also, companies change the rates they charge in North Carolina at least once a year to adjust for gains or losses. A period of increased losses may cause price increases, while a better loss history can cause more affordable Raleigh car insurance rates.

The graph below shows a variety of companies that have the cheapest car insurance in Raleigh, NC for a 35-year-old male driver with no accidents or violations, and a good credit rating. Based on his current situation, Utica National may offer the most affordable car insurance rates in Raleigh at $692 annually. This is $180 less than the average premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, Titan, and NC Farm Bureau are the rest of the cheapest Raleigh, NC auto insurance companies.

Now let’s give the driver from above some claims, bad credit, and a traffic ticket or two. Since each auto insurance company has their own guidelines for setting prices, analyzing rate quotes may now result in a different set of the cheapest car insurance companies in Raleigh as shown below.

GEICO now has the cheapest price in Raleigh, NC with State Farm, Auto-Owners, National General, and Erie also being competitive. This shows why Raleigh drivers need to compare many different companies when trying to get the lowest insurance quotes for inexperienced drivers. Insurance rates consist of many different factors and can change substantially, so the most economical company the last time you compared rates may now be quite expensive.