State Farm’s average annual rate is $1,419, which makes it the third-cheapest provider among the top 10 largest providers in the country. You can expect these rates to be cheaper in North Carolina, where car insurance rates are 28 percent lower than the national average.3 Whether you’re a young driver, a homeowner, a low-mileage driver, a rideshare driver or something else, State Farm will probably have a discount or coverage option for you.
Improve Your Rates and Driving Habits
State Farm’s Drive Safe and Save behavior-based driving program can help you save on car insurance regardless of your age, driving history, credit score or other factors that impact premiums. You get a discount just for signing up for the program, and you can earn up to 30 percent off your premiums by completing the program.
Here’s how it works:
- Download the app in the App Store or on Google Play or by texting “SAVE” to 42407.
- Follow the app’s step-by-step instructions.
- Complete the setup after State Farm sends you a Bluetooth beacon.
The app will record your driving habits and calculate your driving score every six months. To get a good score, make sure you’re not accelerating or speeding, slamming your brakes or turning too sharply. Additionally, the app will track how many miles you drive. State Farm recommends driving fewer than 7,500 for personal usage to receive a low-mileage discount.
North Carolinians drive over 11,000 miles per year on average, which is about 2,000 more miles than the average American (9,336 miles).4
If you’re anywhere close to driving 7,500 miles per year, you should reach out to your local agent to see what kind of low-mileage discounts are available to you.
Stay Protected While Ridesharing
If you drive for a rideshare service, such as Uber or Lyft, you’ll need additional rideshare coverage to stay protected for every portion of your drive.
Rideshare companies provide insurance only after you’ve accepted a ride or while you’re transporting a passenger and your personal insurance won’t cover you because you’re technically working. So, if you get into an accident while your rideshare app is on and you’re waiting for a request or driving to pick up a passenger, you might have to pay for the damages or injuries without help from a provider. Rideshare insurance will fill that coverage gap so you’re protected during every segment of your drive.
Affordable Insurance for Young Drivers
State Farm’s Steer Clear safety program is a great opportunity for young drivers to improve their driving habits and save on car insurance in the process. All you have to do is speak to your agent, download the app and complete all the program requirements within six months. The Steer Clear program is broken down into four parts:
- Course training: The training aspect of the program consists of five online learning modules that include lessons, videos, quizzes and driving scenarios.
- Driving practice: The app has to track you for at least five hours of driving practice across 10 separate trips.
- Mentor log: Family or friends can help instruct you and provide feedback through the mentor log.
- Certification: When you’ve completed the program, send your certificate to your agent and allow them to integrate your savings. You can save up to 20 percent off your premium by completing the program.
In North Carolina, like in most states, young drivers tend to pay more for premiums because they’re likely to get into more accidents and receive more traffic violations on average. Here’s how teen drivers compare to the rest of the state concerning motor vehicle accidents in 2020. Keep in mind that teens make up about 2 percent of all drivers in North Carolina (226,448 teen drivers out of 12.19 million drivers total), so the crash rates for teens are much higher than other age groups.
|Drivers and percentage of crashes
||Distracted driving-related crashes
||Lane departure-related crashes
|Teen drivers (ages 15-19)