The words “bargain” and “insurance” probably shouldn’t be used together, specifically when comparison shopping for the cheapest coverage for teenage females. Because it’s so expensive, let’s introduce you to some of the factors that determine auto insurance premiums, and find a way to take the sting out of your next policy.
Figuring out which insurers offer the cheapest car insurance rates for teenage females will require more work than just comparing rates from one or two companies.
Each insurer used slightly different criteria to determine premium rates, so we’ll take a look at the most budget-friendly car insurance companies in North Carolina. It’s important to understand that Raleigh, NC car insurance rates are based on many factors which can substantially decrease or increase your annual premium. Simply having another birthday, increasing liability limits, or getting a DUI can produce rate changes that may make certain companies cheaper than others.
Cheap Insurance Rates for Teens
Utica National normally has some of the cheapest car insurance rates in Raleigh at around $643 a year. This is $229 less than the average price paid by North Carolina drivers of $872. Progressive, Penn National, GEICO, and Liberty Mutual also qualify as some of the more affordable Raleigh, NC car insurance companies.
As shown in the table above, if you are a policyholder with GEICO and switched to Progressive, you may see yearly savings of approximately $62. Insureds with Liberty Mutual may save as much as $63 a year, and Titan insureds might realize rate reductions of up to $79 a year.
Bear in mind that those policy prices are averaged for all drivers and vehicles in North Carolina and do not take into consideration a specific location for teenage females. So the auto insurance company that is best suited for you may not even be in the top 20 companies shown above. That affirms the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.
The type of vehicle that is being insured is probably the biggest factor when comparison shopping for the cheapest coverage for teenage females. Vehicles with higher performance, a lack of modern safety features, or high incidents of liability claims will cost substantially more to insure than more modest models.
The table below features insurance prices for some of the cheaper vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$3,875|
|Ford Escape XLT 4WD||$3,884|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,377|
|Ford Focus S 4-Dr Sedan||$4,520|
|Honda Odyssey EX W/Rear Entertainment||$4,527|
|Toyota Tacoma 2WD||$4,520|
|Chevrolet Impala LT||$4,555|
|Toyota Camry LE||$4,561|
|Chevrolet Equinox LS 2WD||$4,555|
|Toyota RAV4 Sport 2WD||$4,563|
|Dodge Grand Caravan Crew||$4,591|
|Ford F-150 XLT Crew Cab 4WD||$4,596|
|Chevrolet Malibu LT||$4,591|
|Ford Explorer Limited 2WD||$4,600|
|Toyota Corolla S||$4,787|
|Hyundai Elantra GLS 4-Dr Sedan||$4,795|
|Ford Edge Limited AWD||$4,787|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$4,794|
|GMC Sierra SLT Extended Cab 2WD||$4,823|
|Compare Rates Now Go|
Data variables include single female 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. Estimates do not factor in specific zip code location which can lower or raise auto insurance rates considerably.
Looking at the data, we can infer that vehicles like the Honda CR-V, Ford Escape, and Toyota Prius are likely to be the most affordable vehicles to insure for teen girls. Car insurance rates will be higher anyway because of the fact that there is a higher risk for teenage females, but in general those vehicles will tend to have the cheapest auto insurance rates compared to other types of vehicles.
Ending up with a highly-rated auto insurance company can be difficult considering how many different companies insure vehicles in Raleigh. The company rank data shown next may help you pick which companies to look at when shopping your coverage around.
These ratings include the companies with a significant amount of written premium nationwide, so companies that only write business in North Carolina or surrounding areas are not factored into these rankings. If you would like to check rates from these and other top-rated companies, click this link.
Top 10 Large Auto Insurance Companies Overall in Raleigh
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Get discounts on Raleigh auto insurance
Car insurance companies that provide policies for teenage females may also give you rate discounts that can reduce rates by 40% or more if you are eligible to receive them. The best car insurance companies and a partial list of their discounts are outlined below.
- State Farm may have discounts that include good student, passive restraint, Drive Safe & Save, safe vehicle, defensive driving training, and student away at school.
- GEICO has savings for federal employee, air bags, multi-policy, anti-theft, seat belt use, anti-lock brakes, and defensive driver.
- Allstate discounts include anti-theft, 55 and retired, premier discount, defensive driver, safe driver, and FullPay discount.
- SAFECO policyholders can earn discounts including accident prevention training, safe driver, homeowner, teen safety rewards, teen safe driver, anti-lock brakes, and multi-car.
- Farm Bureau offers discounts for multi-vehicle, good student, renewal discount, youthful driver, multi-policy, 55 and retired, and safe driver.
- Progressive may offer discounts for multi-policy, multi-vehicle, continuous coverage, homeowner, and online signing.
- AAA offers discounts including good driver, education and occupation, anti-theft, multi-car, and pay-in-full.
The chart below illustrates the difference between insurance rates with and without discounts being applied to the rates. The costs are based on a male driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, anti-theft, continuous coverage, good student, passive restraint, and paperless filing discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for teenage females is 28% or $477.
The importance of comparing Raleigh car insurance rates
Raleigh, NC car insurance rates are determined by lots of factors that control the price you have to pay. Simply improving your credit, buying a different vehicle, or getting a speeding ticket can trigger rate changes that can now make some companies cheaper than others. Not only may your risk profile change, but car insurance companies amend pricing at least once a year as an adjustment for underwriting gains or losses. An extended period of higher than normal claims may result in increased rates, while a lower level of claims can cause cheaper Raleigh car insurance rates.
The bar chart below analyzes the cheapest car insurance in Raleigh, NC for a 45-year-old male driver with no prior claims, no tickets, and a good credit history. When quoting prices based on his personal profile, Progressive offers the cheapest car insurance rates in Raleigh at $727 annually. This is $145 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO are also included in the top five cheapest Raleigh, NC auto insurance companies.
In this example, we will give the driver in the first example an accident claim, slightly worse credit, and a few blemishes on his driving record. Because each company has a proprietary method to determining premium rates, comparing rates could result in a new list of companies as shown below.
NC Farm Bureau now has the cheapest car insurance in Raleigh, NC with State Farm, Auto-Owners, Erie, and Allied also being competitive. This shows why it is critical to perform a complete rate comparison when trying to find cheap auto insurance rates for teenage females.
Insurance prices consist of many factors and change frequently, so the best company when you last compared rates may now be quite expensive.
Tips for buying the cheapest car insurance for teenage females
Here are many thrifty suggestions that can help North Carolina drivers buy cheaper auto insurance.
- Raise physical damage deductibles
- At-fault accidents will increase rates
- Be a safe driver
- Bundle home and auto and earn a discount
- Try to not file small claims
- Good credit scores may lower your rates
- Shop around for cheaper rates regularly
That last piece of advice is remarkably vital, as we hit on in the article above. Coverage prices in Raleigh can change considerably in a year, so don’t be hesitant to switch carriers if a better deal can be had.
Staying with the same company for years is fine, but it’s not a great idea if that faithfulness ends up costing you a wad of cash every year. Take a few minutes and shop around to find cheaper insurance for teenage females.
The Raleigh, NC, insurance agents below can probably help you decide which insurance coverage will be best for you, as many consumers aren’t sure which coverage to buy and prefer to get some professional input when buying car insurance for teenage females. It can be complicated to find the best rates on your own, so getting advice from a licensed agent can give you satisfaction knowing your coverage gives you adequate asset protection. To locate an agency near you, click the button after the list or click here to compare rates now.
- Tom Patterson – State Farm Insurance Agent
805 Spring Forest Rd #1400 – Raleigh, NC 27609 – (919) 954-1340
- Alex Burt – State Farm Insurance Agent
3021 Berks Way #102 – Raleigh, NC 27614 – (919) 435-1417
- Spurling Cook – State Farm Insurance Agent
7501 Creedmoor Rd #114 – Raleigh, NC 27613 – (919) 676-2502
- Carmen Ritz – State Farm Insurance Agent
1814 Oberlin Rd #101 – Raleigh, NC 27608 – (919) 783-8722