The words “affordable” and “insurance” really don’t belong together, especially when you are searching for the lowest insurance prices for teenage males. Because it’s not cheap, let’s teach you a few of the factors that significantly impact auto insurance prices, and find out if we can help you reduce the price of your next policy.
Trying to buy low-priced auto insurance is hard enough, and deciding which companies have the cheapest auto insurance rates for teenage males may require even more perseverance. Every insurance provider has a proprietary method for determining rates in each state, so let’s take a look at the overall cheapest auto insurance companies in North Carolina.
Best Car Insurance Prices for Teens
|Rank||Company||Cost Per Year|
|7||NC Farm Bureau||$730|
|Find Your Rate Go|
Utica National generally has some of the lowest car insurance rates in Greensboro at around $636 a year. Progressive, Liberty Mutual, GEICO, and Penn National also make the cut as some of the cheapest Greensboro, NC insurance companies.
As shown above, if you are insured with Liberty Mutual and switched to Utica National, you could realize an annual premium reduction of in the neighborhood of $64. North Carolina drivers with GEICO could save as much as $84 a year, and Penn National insureds might lower prices by $89 a year.
To compare your rates to other North Carolina insurance companies, click here to start a quote or feel free to get quotes from the companies below.
Remember that these premiums are averaged for all types of drivers and the different vehicles they drive and and are not figured with an exact zip code location for teenage males. So the insurer that fits your age and vehicle best may not even be in the top 20 companies in the list above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
The vehicle model you are seeking coverage for is a large consideration when quoting the best auto insurance for teenage males. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than high performance models.
The list below ranks insurance premiums for the most affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$4,129|
|Honda CR-V EX 4WD||$4,172|
|Jeep Wrangler Sport 4WD 2-Dr||$4,320|
|Hyundai Elantra SE Touring Station Wagon||$4,441|
|Ford F-150 XLT Regular Cab 2WD||$4,589|
|Chevrolet Silverado LS Regular Cab 4WD||$4,598|
|Honda Odyssey LX||$4,589|
|Ford Focus SE 4-Dr Sedan||$4,859|
|Chevrolet Impala LS||$4,866|
|Jeep Grand Cherokee Laredo 2WD||$4,902|
|Chevrolet Equinox LT AWD||$4,911|
|Ford Fusion S 4-Dr Sedan||$4,902|
|GMC Sierra SLE Crew Cab 2WD||$4,911|
|Toyota Camry LE||$4,902|
|Chevrolet Malibu LS||$4,909|
|Toyota RAV4 Limited 4WD||$4,902|
|Dodge Grand Caravan SXT||$4,945|
|Ford Explorer Eddie Bauer 4WD||$4,953|
|Dodge Ram Quad Cab ST 2WD||$5,027|
|Honda Civic LX 4-Dr Sedan||$5,130|
|Toyota Corolla XLE||$5,173|
|Ford Edge Sport AWD||$5,180|
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Data rating is based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific Greensboro, NC garaging location which can alter price quotes noticeably.
Looking at the numbers, you can expect vehicles like the Ford Escape, Honda CR-V, Jeep Wrangler, and Hyundai Elantra will be the less-costly vehicles to insure for teen boys. Car insurance rates will be more costly because there is more exposure for teenage males, but overall those specific models will probably have the lowest insurance rates that you are likely to find.
For teen boys, one of the more important components that help determine car insurance rates is where you normally keep your vehicle in Greensboro. Areas with increased crime or more people tend to pay more, whereas areas with less people or fewer weather incidents benefit from lower rates.
The next table sorts the highest-priced areas in North Carolina for teenage males to purchase car insurance in. Greensboro is listed at #8 with an annual premium of $763 on average, which is approximately $64 per month.
|Rank||City||Premium Per Year|
|Find Cheaper Insurance Go|
Rates are comparative as the specific geographic location can raise or lower rates noticeably.
Illustration showing the impact of accidents and violations
The easiest way to score good auto insurance rates for teen boys is to pay attention while driving and not get tickets or have accidents. The chart below illustrates how speeding tickets and at-fault collisions can affect insurance costs for each age group. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
In the previous example, the average cost of car insurance per year with a clean driving record and no accidents is $1,125. Receive one speeding ticket and the average cost rises to $1,289, an increase of $164 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for teenage males goes up to an average of $1,751. That’s an increase of $626, or $52 per month, just for not driving safely!
Discount Greensboro car insurance rates
Car insurance companies that offer cheap quotes for teenage males may additionally offer discounts that could potentially reduce rates by as much as 35% if you meet specific criteria. Larger auto insurance companies and a selection of discounts are outlined below.
- AAA may offer discounts for multi-car, education and occupation, good student, good driver, AAA membership discount, multi-policy, and anti-theft.
- Progressive may include discounts for homeowner, good student, continuous coverage, online quote discount, multi-vehicle, and online signing.
- State Farm may have discounts that include defensive driving training, accident-free, anti-theft, multiple autos, multiple policy, and passive restraint.
- Esurance includes discounts for multi-policy, anti-lock brakes, multi-car, emergency road assistance, Pac-12 alumni, defensive driver, and online quote.
- Nationwide has savings for good student, defensive driving, business or organization, family plan, accident-free, Farm Bureau membership, and multi-policy.
The diagram below shows the comparison of auto insurance costs with and without policy discounts. The rate quotes are based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with good student, passive restraint, continuous coverage, paperless filing, paid-in-full, and anti-theft discounts applied. When discounts are applied, the average amount saved each year on auto insurance for teenage males is 28% or $475.
The chart below demonstrates how deductible levels can impact insurance rates when searching for cheap insurance for teenage males. The prices are based on a single female driver, full coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could lower their policy premium by $196 a year by changing from a $100 deductible to a $500 deductible, or save $298 by choosing a $1,000 deductible. Young drivers, like the 20-year-old example, could roll back prices $502 annually by using higher deductibles when buying full coverage.
When using a larger deductible, it will now be necessary to have enough savings to satisfy the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.