Comparing quotes for budget car insurance is not easy, and figuring out which companies quote the cheapest auto insurance rates for a learners permit requires additional perseverance. Every car insurance company has their own guidelines to set policy rates, so let’s take a look at the overall cheapest auto insurance companies in North Carolina.
It’s important that you understand Raleigh, NC auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Simply turning a year older, getting married, or having a fender bender may prompt premium changes that can now make some companies more expensive than competitors.
Find the Cheapest Auto Insurance in North Carolina
Progressive offers some of the best car insurance rates in Raleigh at around $651 per year. Utica National, Liberty Mutual, Penn National, and GEICO are also some of the lowest-priced Raleigh, NC auto insurance companies.
As the rates illustrate above, if you are a policyholder with Penn National and switched to Progressive, you could see savings of roughly $74. Insureds with GEICO may save as much as $77 a year, and NC Farm Bureau customers might lower prices by $86 a year.
To find the cheapest coverage for you, click here to begin a quote or visit any of the low-priced companies below.
Bear in mind that those estimates are averages for all drivers and vehicles in North Carolina and do not factor in a vehicle location for a learners permit. So the company that fits your situation best may not even be in the top 20 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.
One of the many criteria that are used to help calculate car insurance rates is where you call home in Raleigh. Areas with more people or even just a higher incidence of claims tend to have more expensive car insurance rates, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The illustration below shows the most expensive places in North Carolina for a learners permit to purchase a policy in. Raleigh makes the list at #12 with the yearly price of $744 for the average policy, which is about $62 monthly.
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Rate quotes are approximated as vehicle location can revise price quotes substantially.
The make and model of vehicle you are buying coverage for is one of the main factors when trying to find the most affordable car insurance for a learners permit. Vehicles with lower performance, an excellent safety record, or a positive history of liability claims will cost quite a bit less to insure than high performance models.
The list below presents car insurance prices for a number of the most economical automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$3,329|
|Honda Accord LX-P 4-Dr Sedan||$3,335|
|Ford Escape Limited 2WD||$3,362|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$3,707|
|Ford F-150 STX Super Cab 2WD||$3,714|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,814|
|Honda Civic DX 4-Dr Sedan||$3,918|
|Honda Odyssey EX W/Rear Entertainment||$3,925|
|Chevrolet Impala LS||$3,918|
|Toyota RAV4 Sport 2WD||$3,950|
|Chevrolet Equinox LT 2WD||$3,959|
|Chevrolet Malibu Hybrid||$3,950|
|Ford Explorer Limited 2WD||$3,982|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,992|
|Dodge Grand Caravan SXT||$3,982|
|Toyota Camry XLE||$4,159|
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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 safe-driver, and claim-free. Rates do not factor in specific location information which can lower or raise price quotes significantly.
Based upon these rates, you can infer that cars like the Honda CR-V, Honda Accord, and Ford Escape are likely to be some of the most budget-friendly vehicles to insure for new drivers. The price of auto insurance will tend to be more expensive because of the fact that there is more liability exposure for a learners permit, but generally speaking those vehicles will most likely have the lowest prices that you are likely to find.
Responsible drivers pay cheaper Raleigh auto insurance rates
One of the best ways to score affordable auto insurance rates for new drivers is to drive safely and avoid getting tickets or having accidents. The information below shows how traffic citations and accidents impact insurance prices for each different age category. The price estimates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of auto insurance in North Carolina per year with no accidents and a clean driving record is $1,434. Factor in one speeding ticket and the average cost increases to $1,614, an increase of $179 each year. Then add two accidents along with the one speeding ticket and the annual cost of auto insurance for a learners permit increases to an average of $3,124. That’s an increase of $1,690, or $141 per month, just for not driving attentively!
Difference between full coverage and liability only rates
Paying less for auto insurance is probably important to most people, and one of the fastest ways to find cheaper insurance for a learners permit is to not pay for full coverage. The chart below illustrates the difference between car insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no accidents or driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an extra $1,181 per year more than just buying liability insurance. That amount may make you wonder if full coverage is worth the money. There is no written rule to stop buying comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after paying your deductible. If you are paying over $800 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are a few cases where removing full coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
How to find economical auto insurance for a learners permit
Here are a few thrifty suggestions that can help North Carolina drivers get more affordable car insurance.
- Higher credit ratings may save you money
- Safer vehicles generally have cheaper insurance rates
- Older vehicles may not need full coverage
- Multi-policy discounts save money
- Drive attentively and avoid accidents
- Comparison shop at least once a year
That last idea is remarkably crucial, as was discussed in this write-up. Prices charged by car insurance companies in Raleigh can change considerably in a year, so drivers shouldn’t be resistant to buy from a new company if you find a better deal. We understand brand loyalty, but it’s not a great idea if it’s costing you potentially thousands of dollars a year. If you have a few minutes, now is a great time to shop around to find cheaper insurance for a learners permit.
If you aren’t sure which coverage you need and prefer to have a professional recommendation when shopping around for cheaper insurance for new drivers, the agents below can most likely aid you in deciding which auto insurance policy fits you best.
To find a Raleigh insurance agency in your neighborhood, click the button link following the list.
- Blackmon Insurance Agency of North Carolina, Inc.
4280 Louisburg Rd – Raleigh, NC 27604 – (919) 875-8500
- Nationwide Insurance: Michael E Okoli Agency Inc
309 W Millbrook Rd #151 – Raleigh, NC 27609 – (919) 786-1960
- Danny Newton – State Farm Insurance Agent
6021 Poyner Village Pkwy #109 – Raleigh, NC 27616 – (919) 875-1955
- Allstate Insurance: Bonnita Hargis
1620 Martin Luther King Jr Blvd #104 – Raleigh, NC 27610 – (919) 250-3606
- Allstate Insurance: Jay Adkins
1033 Oberlin Rd Ste 200 – Raleigh, NC 27605 – (919) 755-1133