Insurance for a new driver in North Carolina costs roughly $1,230 to $3,419 annually. The cost of car insurance for new drivers in North Carolina varies widely depending on whether or not a new driver gets their own policy or is added to an existing one. On average, a 16-year old being added to their parents' insurance will cost $1,953 annually, compared to $3,419 for a separate policy. The age of the driver also makes a difference in how much they'll pay for coverage. Car insurance premiums decrease as drivers get older, and in North Carolina drivers in their 20s pay an average of $1,230 annually for an individual policy.
Because car insurance companies take multiple factors into account when determining how much a driver will pay for coverage, new drivers can still find affordable policy options by shopping around for quotes. In North Carolina, the cheapest car insurance companies for drivers with clean records are Geico, State Farm, and Progressive. You should also consider choosing a policy with a higher deductible to keep your premium low, and apply for every available discount that you qualify for.
Finally, insurance rates will usually start dropping after three years of good driving. So, maintaining a clean driving record is ultimately the best way for a new driver to save money long-term.
This answer was first published on 10/06/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
