Locating cheap insurance is not the easiest thing to do, and figuring out which companies have the most affordable car insurance rates for 18 year olds involves additional perseverance. Each insurance company has a proprietary method for setting prices, so let’s rank the most budget-friendly car insurance companies in Charlotte, NC.
It’s important that readers know that North Carolina car insurance rates are based on many factors that control your annual premium. Events like turning one year older, adding a teenager to your policy, or getting a ticket for running a stop sign can trigger price changes resulting in some companies being more affordable than the competition.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $655 |
| 3 | Liberty Mutual | $700 |
| 4 | GEICO | $720 |
| 5 | Titan | $729 |
| 6 | NC Farm Bureau | $730 |
| 7 | Penn National | $747 |
| 8 | State Farm | $749 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $917 |
| 11 | Erie | $922 |
| 12 | Travelers | $927 |
| 13 | Allied | $928 |
| 14 | Peerless | $992 |
| 15 | Unitrin | $1,002 |
| 16 | MetLife | $1,018 |
| 17 | Encompass | $1,031 |
| 18 | Nationwide | $1,031 |
| 19 | Safeco | $1,066 |
| 20 | Allstate | $1,097 |
| Get Personalized Rates Go | ||
Progressive quotes some of the lowest car insurance rates in Charlotte at around $632 annually. Utica National, Liberty Mutual, GEICO, and Titan would also make the list of some of the more affordable Charlotte, NC auto insurance companies.
In this example, if you currently buy coverage from Titan and switched to Utica National, you could earn savings of in the vicinity of $74. Insureds with NC Farm Bureau might save as much as $75 a year, and Penn National policyholders might reduce prices by as much as $92 a year.
To see how much you can save, click here to start your custom quote or click through to the companies below.
Understand that those rates are averages for all drivers and vehicles and do not take into consideration a specific vehicle garaging location for 18 year olds. So the car insurance company that is most affordable for your situation may not even be in the top 20 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
One of the more important criteria that aid in calculating the amount you pay each year for auto insurance is where you normally keep your vehicle. Areas with a lot of weather claims or more people tend to pay slightly more, whereas less populated areas benefit from having to pay less for coverage.
The next table sorts the most costly cities in North Carolina for 18 year olds to buy an auto insurance policy in. Charlotte comes in at #3 with an annual cost of $808 for the average insured, which is approximately $67 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $864 |
| 3 | Charlotte | $808 |
| 4 | Gastonia | $803 |
| 5 | Durham | $797 |
| 6 | Wilmington | $788 |
| 7 | Cary | $772 |
| 8 | Goldsboro | $765 |
| 9 | Greensboro | $763 |
| 10 | Raleigh | $760 |
| 11 | Greenville | $760 |
| 12 | Wilson | $754 |
| 13 | Apex | $747 |
| 14 | High Point | $745 |
| 15 | Huntersville | $742 |
| 16 | Rocky Mount | $740 |
| 17 | Hickory | $732 |
| 18 | Indian Trail | $731 |
| 19 | Salisbury | $712 |
| 20 | Chapel Hill | $696 |
| Quote Best Rates Go | ||
Price information shown is approximated as the specific geographic location can alter premiums noticeably.
The vehicle model driven is probably the most important factor that determines whether or not you find the best auto insurance for 18 year olds. Vehicles with economical engines, modern passenger safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.
The list below showcases coverage costs for a handful of the most affordable automobiles to insure in North Carolina.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $3,927 |
| Honda Accord LX-P 4-Dr Sedan | $3,936 |
| Honda CR-V LX 2WD | $3,927 |
| Toyota Prius | $4,276 |
| Ford Edge SE 2WD | $4,355 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $4,362 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,355 |
| Dodge Grand Caravan SE | $4,398 |
| Ford Explorer XLT 2WD | $4,403 |
| Ford F-150 XLT Crew Cab 2WD | $4,398 |
| Ford Focus S 4-Dr Sedan | $4,619 |
| Chevrolet Impala LS | $4,629 |
| Chevrolet Equinox LT 2WD | $4,661 |
| Jeep Grand Cherokee Laredo 4WD | $4,668 |
| Toyota RAV4 Limited 4WD | $4,661 |
| Toyota Tacoma Double Cab 4WD | $4,668 |
| Toyota Camry LE | $4,661 |
| Get a Custom Quote Go | |
Above prices assume single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific Charlotte, NC garaging location which can influence rates considerably.
By looking at the data, we can presume that vehicles like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius will definitely be the most economical vehicles to insure for teen drivers. The cost of auto insurance will trend higher just because there is more exposure for 18 year olds, but overall those vehicles will tend to have the least expensive rates that you are likely to find.
Bad driving habits will cost you more
The common sense way to score low car insurance rates in Charlotte for teen drivers is to be a safe driver and avoid getting tickets or having accidents. The diagram below demonstrates how citations and at-fault accidents increase insurance costs for each different age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of a car insurance policy in Charlotte per year with no violations or accidents is $1,339. Get two speeding tickets and the average cost swells to $1,841, an increase of $503 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of car insurance for 18 year olds jumps again to an average of $3,826. That’s an increase of $2,487, or $207 per month, just for being a careless driver!
Insuring your vehicle with the best company can be challenging considering how many companies sell insurance in North Carolina. The company information shown below can help you analyze which coverage providers to look at putting your business with. The rankings below only include large insurance companies, so smaller companies that only insure vehicles in North Carolina will not be included in this list.
Top 10 Major Auto Insurers in Charlotte Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Top 10 Major Auto Insurers Overall in Charlotte
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Who has the cheapest Charlotte car insurance?
Charlotte, NC car insurance rates are influenced by many factors that can increase the cost of coverage. Turning one year older, moving to a new city, or getting caught speeding may prompt premium changes that can make some companies more affordable than the competition. In addition, car insurance companies change prices as often as every three months to ensure their profitability. Significantly higher losses may result in high rates, while less frequent claims can cause lower-priced Charlotte car insurance rates.
To illustrate this example, the graph below shows which companies have the cheapest car insurance in Charlotte, NC for a 30-year-old female driver with a clear driving record, no claims, and a good credit history. If we estimate prices based on her current risk profile, Progressive offers the best car insurance rates in Charlotte at $810 a year. This is $62 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Penn National, GEICO, and Liberty Mutual are also included in the top five cheapest Charlotte, NC auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison some claims, a lower credit rating, and a few traffic violations. Because each insurer has their own guidelines for establishing rates, comparing rates may now show a new list of companies as shown below.
NC Farm Bureau now has the lowest price in Charlotte with State Farm, Auto-Owners, Utica National, and National General now being in the top five. This example illustrates why drivers need to compare rates when trying to get the best auto insurance quotes for 18 year olds.
Prices can be altered by many factors and can change without notice, so the best price the last time you shopped your coverage around may now be an over-priced policy.
The insurance agencies below are willing to aid you in deciding which auto insurance coverages would be the best in your situation, as many people would rather get some professional input when shopping for cheaper insurance for teen drivers. It can be complicated to find the best coverage on your own, so professional agents can bring satisfaction knowing your coverage gives you decent coverage if you have a claim. To locate a Charlotte insurance agent using an interactive map, click the button following the list or click here to compare price quotes now.
Nationwide Insurance – William Laurie Agency
8820 University E Dr Ste B – Charlotte, NC 28213 – (704) 945-2331
Roger Craig – State Farm Insurance Agent
1427 Emerywood Dr – Charlotte, NC 28210 – (704) 553-2327
O H Walker Insurance Agency Inc
2210 Crownpoint Executive Dr – Charlotte, NC 28227 – (704) 814-4343
Mark McDuffie Insurance Agency
6101 Carnegie Blvd #415 – Charlotte, NC 28209 – (704) 364-9227
Juan Rubio – State Farm Insurance Agent
9401 Statesville Rd Ste E – Charlotte, NC 28269 – (704) 509-5854
Find a Charlotte, NC insurance agent near you
How to find economical insurance for 18 year olds
The list below shows some thrifty solutions that can help drivers find cheaper car insurance.
- Claim-free drivers earn discounts
- Keep your driving record clean
- Do not get into accidents
- Buy a vehicle with excellent safety ratings
- Pay cheaper rates with good credit scores
- Compare rates often to find the best deal
The last tip in the list is incredibly necessary, as we emphasized in the article above. Coverage rates in Charlotte vary greatly, so don’t be unwilling to buy a different policy if you find a better deal. Brand loyalty is great, but is isn’t recommended if that stubbornness costs you thousands of dollars over several years. In just a few minutes you could shop around to find cheaper insurance for 18 year olds.