You have most likely seen the catchy commercials from auto insurance companies like GEICO, Allstate, and State Farm that promise huge savings. So you just need to choose any of them, right?
It’s not that easy, however, as there are a whole bunch of unknowns such as whether you just want liability only, whether you are single or married, whether or not your vehicle has good safety ratings, and how high your deductibles should be, that all influence how much you pay for auto insurance. We will try to teach you about these types of topics and also should give you a good start in finding the cheapest insurance in North Carolina.
Finding affordable car insurance is hard enough, and figuring out which company quotes the cheapest auto insurance rates for 20 year old guys takes even more shopping around.
Each company uses a different method for establishing rates, so first we will examine the auto insurance companies that tend to be cheaper in Charlotte. It’s a good idea to know that North Carolina auto insurance rates are calculated based on many things that control the price of coverage. Simply improving your credit score, getting divorced, or getting a ticket for careless driving can trigger price changes that can cause some rates to be higher when they were quite affordable.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $651 |
| 2 | Utica National | $662 |
| 3 | Liberty Mutual | $700 |
| 4 | Penn National | $717 |
| 5 | GEICO | $728 |
| 6 | Titan | $729 |
| 7 | NC Farm Bureau | $737 |
| 8 | State Farm | $772 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $881 |
| 11 | Allied | $919 |
| 12 | Travelers | $927 |
| 13 | Erie | $931 |
| 14 | Peerless | $992 |
| 15 | Nationwide | $1,001 |
| 16 | Unitrin | $1,032 |
| 17 | Safeco | $1,044 |
| 18 | MetLife | $1,049 |
| 19 | Encompass | $1,063 |
| 20 | Allstate | $1,064 |
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Progressive normally has some of the cheapest car insurance rates in Charlotte at around $651 per year. Utica National, Liberty Mutual, Penn National, and GEICO would also be considered some of the best Charlotte, NC auto insurance companies.
In this example, if you currently buy coverage from Utica National and switched to Progressive, you could earn an annual premium reduction of about $11. North Carolina drivers with Liberty Mutual might save as much as $49 a year, and Penn National policyholders might lower prices by up to $66 a year.
These policy prices are averages across all drivers and vehicles in North Carolina and and are not figured with a specific vehicle garaging location for 20 year old guys. So the car insurance company that fits your needs best may not even be in the top 20 companies in the list above. That points out the importance of why you need to get rate quotes using your own individual information.
For young men, one of the big criteria that are looked at to determine the price you pay for insurance is where your car is garaged in Charlotte. Regions with larger populations or more claims tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.
The information below ranks the most costly cities in North Carolina for 20 year old guys to buy an auto insurance policy in. Charlotte makes the list at #3 costing $808 for car insurance, which is around $67 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Fayetteville | $932 |
| 2 | Jacksonville | $873 |
| 3 | Charlotte | $808 |
| 4 | Gastonia | $787 |
| 5 | Cary | $772 |
| 6 | Raleigh | $767 |
| 7 | Wilmington | $765 |
| 8 | Durham | $765 |
| 9 | Greensboro | $763 |
| 10 | High Point | $753 |
| 11 | Hickory | $740 |
| 12 | Greenville | $738 |
| 13 | Goldsboro | $735 |
| 14 | Huntersville | $734 |
| 15 | Wilson | $732 |
| 16 | Indian Trail | $731 |
| 17 | Rocky Mount | $726 |
| 18 | Apex | $725 |
| 19 | Chapel Hill | $696 |
| 20 | Salisbury | $691 |
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Annual rates are comparative as specific Charlotte zip code can raise or lower auto insurance rates considerably.
Choosing a high-quality insurance provider is difficult considering how many choices there are in Charlotte. The company ratings in the next section can help you decide which providers to look at shopping prices with. The ratings below are only made up of the largest companies in the United States, so smaller regional companies are not taken into consideration for the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Charlotte car insurance rates
Auto insurance companies that sell policies for 20 year old guys could also offer premium discounts that can lower rates by as much as 25% or more if you qualify. A list of auto insurance companies and some of the discounts are detailed below.
- Progressive offers discounts including online quote discount, online signing, continuous coverage, good student, and homeowner.
- The Hartford may include discounts for driver training, air bag, vehicle fuel type, defensive driver, and anti-theft.
- Mercury Insurance may offer discounts for location of vehicle, professional/association, anti-theft, multi-policy, accident-free, and multi-car.
- GEICO policyholders can earn discounts including five-year accident-free, daytime running lights, multi-policy, emergency military deployment, and military active duty.
- AAA discounts include education and occupation, AAA membership discount, anti-theft, good student, multi-policy, and good driver.
- State Farm has discounts for safe vehicle, multiple autos, Drive Safe & Save, driver’s education, and anti-theft.
The illustration below compares insurance costs with and without discounts. The rates are based on a male driver, no claims, a clean driving record, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, good student, paid-in-full, continuous coverage, paperless filing, and passive restraint discounts applied. When drivers take advantage of discounts, theaverage amount saved on auto insurance for 20 year old guys is 19% or $199.
How to find budget-friendly insurance for 20 year old guys
Lowering your rates is not difficult, and here are some of the better thrifty suggestions that can help you get lower-cost auto insurance.
- Buy vehicles with good safety ratings
- Do not get tickets or violations
- Do not get into accidents
- Good credit scores may lower your rates
- Do not pay for full coverage if not needed
- Increase physical damage deductibles
- Shop around and save
That last tip is very necessary, as we discussed in this article. Insurance prices change a lot, so don’t be afraid to buy a policy from a new company if you find a better deal. Many consumers stick with the same company and that’s fine, but it’s not a great idea if that inflexibility results in costing you a fortune every year. It only takes a couple minutes to compare rates to find cheaper auto insurance for 20 year old guys in Charlotte.