How Much is Auto Insurance for a 20 Year Old Male in Charlotte?

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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Who has the cheapest car insurance in North Carolina?
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.

How much is auto insurance in Charlotte, NC?
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.

Best 15 Auto Insurance Companies for a 20 Year Old Male in North Carolina
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: Best Car Insurance Companies

Discounts on Charlotte car insurance rates

Cheaper Charlotte, NC auto insurance for young menAuto 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.

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.

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.