Who Has Affordable Charlotte Auto Insurance Quotes for 16 Year Olds?

The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are shopping around for the cheapest car insurance for 16 year olds. Because it’s so expensive, let’s familiarize you with some things that influence car insurance prices, and see if you can shave a little off your next policy.

For new drivers, one of the big components that are used to help calculate auto insurance rates is your zip code. Regions with more people or even just more weather-related claims likely pay more, whereas more rural areas receive better rates.

The following table ranks the highest-priced places in North Carolina for 16 year olds to purchase a policy in. Charlotte comes in at #3 with an annual cost of $832 for the average policyholder, which is around $69 monthly.

How much is auto insurance in Charlotte, NC?
Rank City Annual Rate
1 Fayetteville $932
2 Jacksonville $891
3 Charlotte $832
4 Gastonia $803
5 Durham $789
6 Raleigh $767
7 Cary $765
8 Goldsboro $765
9 Wilmington $765
10 Greensboro $763
11 Wilson $746
12 Rocky Mount $740
13 Apex $739
14 Greenville $738
15 Huntersville $734
16 Indian Trail $731
17 High Point $723
18 Hickory $711
19 Salisbury $705
20 Chapel Hill $703
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Premium costs are comparative as the garaging address in Charlotte can raise or lower premiums considerably.

Locating budget car insurance is not always easy, and determining which company quotes the best car insurance rates for 16 year olds calls for even more perseverance.

Every insurance provider uses their own method for determining prices, so we need to take a look at the lowest cost car insurance companies in Charlotte, NC. It’s important to know that Charlotte, NC car insurance rates are based on many factors which can substantially decrease or increase the price of your policy. Improving your credit rating, buying a home instead of renting, or getting a reckless driving citation may prompt premium changes that can cause some rates to be more affordable than others.

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Progressive quotes some of the cheapest car insurance rates in Charlotte at around $651 each year. This is $221 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Titan also qualify as some of the more affordable Charlotte, NC insurance companies.

As the example above demonstrates, if you buy coverage from NC Farm Bureau and switched to Utica National, you may realize annual savings of roughly $54. North Carolina drivers with Titan could save as much as $75 a year, and Penn National customers might lower prices by $77 a year.

To find out how much you can save, click here to get quotes or feel free to get quotes from the companies below.

Remember that these policy prices are averages across all drivers and vehicles and are not factoring in an exact vehicle garaging location for 16 year olds. So the insurer that has the cheapest rates for you may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.

The vehicle you are buying coverage for is one of the biggest factors when comparing low-cost coverage for 16 year olds. Vehicles with lower performance, an excellent safety record, or low incidents of liability claims will cost less to insure than adrenaline junky models. The next list illustrates insurance costs for some of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Charlotte, NC
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $4,701
Ford Escape Limited 2WD $4,743
Hyundai Elantra SE Touring Station Wagon $5,029
Toyota Prius $5,071
Toyota Tacoma 4WD $5,291
Ford F-150 FX2 Super Cab 2WD $5,297
Ford Explorer XLT 2WD $5,291
Volkswagen Jetta SE 2.5 Station Wagon $5,358
Ford Edge Limited 2WD $5,535
Toyota RAV4 Limited 2WD $5,577
Toyota Camry LE $5,582
Chevrolet Equinox LS AWD $5,577
Nissan Altima 2.5 4-Dr Sedan $5,585
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Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific Charlotte, NC garaging location which can increase or decrease rates substantially.

Looking at the numbers, we can expect models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are the more affordable vehicles to insure for new drivers. Car insurance rates will be more expensive just because there is more liability exposure for 16 year olds, but in general those makes and models will probably have the cheapest car insurance rates compared to other types of vehicles.

The diagram below illustrates how your deductible choice can affect insurance costs when quoting cheap insurance for 16 year olds. The premiums are based on a married male driver, full coverage, and no policy discounts are applied.

A 50-year-old driver could lower their policy premium by $174 a year by switching from a $100 deductible up to a $500 deductible, or save $262 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old example, could shave $578 each year by choosing a higher deductible.

When increasing deductibles, it will be important to have enough savings set aside to be able to cover the extra out-of-pocket expense that comes with higher deductibles.

Insuring your vehicle with a high-quality auto insurance provider can be a challenge considering how many companies provide coverage in North Carolina. The company information in the next section may help you analyze which auto insurance companies to look at when looking for cheaper rates. The ratings below include companies with a nationwide focus, so smaller companies are not factored into these rankings.

Top Car Insurance Companies for 16 Year Olds in Charlotte, NC
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
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

If you aren’t clear which coverage you need and would like to get some professional advice when shopping around for cheaper insurance for new drivers, the insurance agencies below can probably help you determine which auto insurance policy would work best for you. To find an auto insurance agency close to where you live, click the button after the list.

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How to find cheaper car insurance for 16 year olds

Lowering your rates is not difficult, and here are a few thrifty ideas that can help Charlotte drivers find low-cost auto insurance.

That last piece of advice is extremely vital, as we hit on in the prior information. Car insurance prices fluctuate considerably, so drivers shouldn’t be reluctant to buy from a different company if a more affordable price is available.

Brand loyalty is great, but it’s not recommended if that faithfulness ends up costing you a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper car insurance for 16 year olds in Charlotte.