Cheapest auto insurance Rate
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The average annual premium for good drivers among the three cheapest companies was $884. Auto insurance companies love safe drivers. If you have no at-fault accidents or moving violations, you’ll usually get pretty competitive rates, but you’ll still have to shop around for the top deal. We found a range of almost $400 between the lowest and highest quotes in this category. Good drivers also might qualify for safe-driver discounts, which vary by company.
Cheapest for young drivers
For drivers in their early 20s; range of average prices: $355 to $411 a year
Drivers in their early 20s can often get by with less coverage than older motorists, who may have families and pricy assets to worry about, and as a result can find very cheap auto insurance in North Carolina. The state also bans insurers from basing rates solely on age, which helps, too. It’s hard for young drivers to go wrong with any of the three cheapest companies from our test; they all notched sample premiums under $35 a month. In fact, overall this category only had about $50 difference between lowest and highest estimates, an extremely small gap.
Cheapest for families with one teen driver
For middle-aged couples with one teen driver; range of average prices: $2, 506 to $2, 753 a year
Teens bring heightened accident risk to their parents’ policy, and typically heightened car insurance rates to boot. The three lowest rates for this category were about $1, 500 to $2, 000 per year more than the three lowest for good drivers on a solo policy. Parents should look for discounts their teens can bring to the table to help keep costs down — such as those for scoring good grades or attending school away from home.
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