How much do 21-year-olds in North Carolina usually pay for auto insurance?

I was trying to get insurance and my quotes were $450 a month. My dad added me to his policy and I will still have to pay $200 a month. I need full coverage on my vehicle since it's financed. Is this a normal rate for insurance or should I keep shopping around?

“Full coverage will always cost more than a policy with liability insurance only. If you are looking to reduce the price, you can always raise your deductibles. Raising your deductibles will lower your premium, but it will also require you to pay more out of pocket if there is an accident.
Insurance companies rate policies depending on a multitude of factors. Your age, driving history, and lack of prior insurance could be impacting your rates as you are considered higher risk.
You can continue to shop around and see if you qualify for any discounts with other carriers. Look at car insurance quotes online to see if you can find anything more affordable than what your dad’s insurance policy costs.
If not, once you’ve been insured with a carrier for at least six months, you’ll be eligible for most prior insurance discounts with other companies.
Emily Maracle
Answered on Apr 30, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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