Best Greensboro, NC Auto Insurance in 2024

Are you looking for cheap car insurance in Greensboro, NC? AutoInsuranceEZ.com can show you the cheapest Greensboro, NC auto insurance rates, and provide information on automobile insurance basics like property damage liability. Continue reading to learn how you can save money on auto insurance in Greensboro, NC.

Get free car insurance quotes and find cheap insurance in Greensboro, NC now by entering your ZIP code in the FREE comparison tool above.

Auto Insurance Coverage Requirements in North Carolina

According to North Carolina’s insurance law, the minimum requirements for driving legally in Greensboro requires these limits for North Carolina auto insurance:
North Carolina Auto Insurance Coverage Requirements

While you may only be required to purchase minimum mandatory coverage, this won’t protect you financially in every situation. It’s important to know how much liability insurance drivers should purchase. Depending on how you’re paying for your car, you might have no choice but to purchase additional coverage. Some lenders require you to provide car insurance that includes full coverage for financed vehicles.

Watch this video to learn more about full coverage insurance.

While some estimates claim that the average monthly insurance rate for North Carolina drivers can be as high as $359/year, our research shows that Greensboro motorists can get insured for as little as $30/month if they know how to shop around.

 

Allied and State Farm are offering some of the lowest rates in Greensboro right now, though a car insurance provider’s overall success involves a lot more than just offering low premiums. It’s also important that they provide stellar customer service and an easy claims process.

Auto insurance carriers consider different factors when generating quotes, such as gender, driving record, credit score/rating, miles driven each year, and multiple cars/drivers. Premiums also differ from carrier to carrier. To find out if you’re still paying the best price, get car insurance companies’ comparison quotes for cheap Greensboro auto insurance estimates online.

You might still be asking, “How much is liability insurance in North Carolina?” According to the National Association of Insurance Commissioners (NAIC), the average cost of liability insurance in North Carolina is $359 per year or $30 per month.

You’re likely to find cheap liability insurance in Greensboro, NC from any car insurance company because your policy will be focused on minimum coverage. Find cheap liability car insurance in your area by entering your ZIP code below.

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Major Greensboro, NC Auto Insurance Factors in Greensboro

Your ZIP Code

The spot you store your automobile each night may have a serious impact on your auto insurance rate. Rural areas have a fewer number of cars, which decreases your chance of getting into an accident. Therefore, people who live in rural areas tend to have lower insurance rates. The populace of Greensboro is 279,639, and also the average household earnings are $41,150.

Let’s examine who offers the cheapest auto insurance in Greensboro, NC.

Your area’s general weather may also have an impact on your rates, as frequent inclement weather can increase comprehensive coverage claims. Greensboro is further inland, but it’s often hit with tropical storms during late summer (87°F /  67°F) and early fall (71°F / 48°F). In the winter, the city can be covered in ice and snow. Driving in bad weather can increase your chances of getting into an accident; auto insurance companies respond to this by increasing rates.

Auto Accidents In Greensboro, NC

If you happen to live in an area with a high rate of fatal accidents, you can expect to pay more for your monthly insurance costs.

The statistics for Greensboro are listed above. If you have any concerns about those numbers, it would be a good idea to get in touch with your insurance company and figure out how they may be affecting your rate.

Auto Thefts in Greensboro

Auto theft can be a severe problem, particularly in populated urban centers. If your locale and vehicle model put you at a higher risk for theft, you might have issues finding low-cost car insurance.

The total number of stolen vehicles in Greensboro in 2013 was 502. Only Comprehensive coverage will allow you to file a claim on a stolen car.

 

Your Credit Score

Auto insurance providers put a lot of stock into your credit score. The better your credit, the lower your rate will be. However, having a poor credit score can significantly raise your rates.

 

Your Age

Teenage drivers are riskier drivers and cause more accidents than older, more experienced motorists. Thankfully, there are Good Student and Driver’s Ed discounts available to make their coverage more affordable.

Parents and legal guardians can also add teens to their auto insurance policy or enroll in non-owners car insurance in Greensboro, NC. However, non-owners insurance is more expensive than standard coverage.

Your Driving Record

The cleaner your driving record is, the lower your monthly rate will be. If you have many violations or serious citations, you will pay substantially more each month, or have your insurance discontinued altogether.

Your chances at cheap DUI insurance in North Carolina are slim. Some car insurance companies in Greensboro, NC will allow you to enroll in a car insurance policy if you have DUI on your record. However, you can expect that your rates will be more expensive than average.

For direct auto insurance that caters to high-risk drivers, you might look at Dairyland auto insurance in Greensboro, NC.

Your Vehicle

Luxury vehicles are much more expensive to insure than your standard compact sedan. This is true both because of expensive replacement/repair costs and because they require much more comprehensive coverage.

Cheaper cars in Greensboro, NC, such as older model vehicles or small sedans, generally have cheaper auto insurance rates.

Minor Greensboro, NC Auto Insurance Factors

Your Marital Status

Being a single driver vs. a married one doesn’t net you any significant discounts as an individual motorist. However, bundling your insurance with your spouse can seriously help with your monthly bill.

Your Gender

The days of one gender being known as the better driver are becoming a relic of the past. These days, several major providers charge the same rate, regardless of gender. Those who still do charge different premiums usually raise prices no more than two percent on average.

Your Driving Distance to Work

You can expect about a 13-17 minute commute to and from work if you live in Greensboro. Of those drivers who commute, around 76 percent will do so in their own automobile by themselves. Another three to eight percent will carpool.

An average monthly rate rarely fluctuates by more than one to two percent regardless of how much or why you drive. Business vehicles, on the other hand, can be charged 10 to 12 percent higher rates than the average car.

Your Coverage and Deductibles

You can increase your coverage but still keep your monthly rates low by raising your deductible. Your out-of-pocket expenses will be a more significant burden in the event you need to file a claim, but the lower rates should help you save each month.

Education in Greensboro, NC

Just over 23 percent of the Greensboro population has earned a bachelor’s degree. Another 22 percent have made it through all four years of high school successfully. If you are one of the motorists in Greensboro with an advanced degree, talk to your car insurance provider; odds are you will be eligible for a discount.

There are two large state schools located in Greensboro: the University of North Carolina at Greensboro and North Carolina A&T University (Agricultural and Technical). Each university has well over 10,000 students earning a variety of bachelor’s, graduate, and post-graduate degrees.

Guilford College and Greensboro College both have religious affiliations, and you can earn a valuable degree in less time at Guilford Technical Community College.

Locating affordable automobile insurance may be a hassle. There’s a lot of vital information to consider, and understanding how insurance companies in North Carolina assess your probable risk may be complicated. Some independent insurance agents in Greensboro, NC, will issue broker fees if you go to them for an insurance quote. Therefore, it may be best to stick with comparison sites for car insurance companies like ours to get the best car insurance quotes in North Carolina.

How We Conducted Our Auto Insurance Analysis

We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, and who owns his own home.

Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

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Greensboro, NC Auto Insurance: The Bottom Line

One of the ways to get cheaper auto insurance in Greensboro, NC is through renters insurance. You can get cheap renters insurance in Greensboro by bundling it with your auto insurance policy. Companies like Progressive, Allstate, Geico, National General, and Triad Insurance in Greensboro, NC carry renters and auto insurance. You might also consider Auto-Owners or Hix auto insurance.

Greensboro’s urban areas may be more expensive than cities in western North Carolina, but they’re much cheaper than Charlotte’s auto insurance rates.

Use our FREE comparison tool to find cheap insurance in Greensboro, NC — enter your ZIP code below to compare quotes from Greensboro, NC auto insurance companies now.

Frequently Asked Questions: Greensboro, NC Auto Insurance

#1 – Who has the cheapest auto insurance in North Carolina?

Currently, Geico has the cheapest auto insurance in North Carolina, followed by National General, Progressive, and Erie.

#2 – What is the average cost of auto insurance in North Carolina?

The average cost of car insurance in North Carolina is $781/year for full coverage and $359/year for liability-only coverage.

#3 – Who has the cheapest auto insurance right now?

Although Geico and State Farm are known to carry the cheapest auto insurance rates across the nation, USAA has the cheapest car insurance. However, USAA is only available to active and retired members of the military and their immediate families.

#4 – How much is full coverage auto insurance for a 23-year-old?

Full coverage auto insurance for a 23-year-old driver costs around $3,840/year or $320/month. Young and single drivers should pursue all available discounts to lower car insurance rates.

#5 – What are the worst insurance companies?

According to Consumer Reports, Esurance, Liberty Mutual, and Nationwide are the worst-rated companies in the United States.

#6 – Why is auto insurance so expensive in North Carolina?

The population is one of the reasons why auto insurance is expensive in North Carolina. Also, North Carolina’s property crime rate is slightly higher than the national median. Car insurance companies see this as a higher risk that customers will file a claim.

#7 – What is the cheapest auto insurance in NC for new drivers?

The top five cheapest auto insurance companies for new drivers in North Carolina are Geico, Erie, Progressive, National General, and North Carolina Farm Bureau.

#8 – How much does it cost to live in Greensboro, NC?

It costs approximately $1,200 per month to live in Greensboro, NC.