It can be difficult to determine the cheapest car insurance rates in any city. If you’re looking for affordable coverage in Greensboro, NC, we, the Home Media Review Team, have you covered.
In this article, we’ll break down the average auto insurance costs of major providers in the Greensboro area and explain the factors that go into auto coverage rates. To get the cheapest price, you can compare several free quotes from our reviews best car insurance businesses.
Cheapest car insurance in Greensboro
Our in-depth review of cost estimates from the quadrant synthesized data indicates that Nationwide, State Farm, and Erie Insurance offer the cheapest car insurance for Greensboro drivers with blank records.
Cheapest auto liability insurance in Greensboro
Greensboro drivers can find the cheapest liability insurance from Nationwide and Erie Insurance. Both providers register within $350 per yearwith Nationwide offering coverage for $25 per month and Erie insurance costs $29 per month medium.
As a North Carolina driver, your state minimum coverage is just your term automobile liability insurancewhich will only cover other drivers’ medical expenses and property damage in the event of an accident you cause.
As you can see from the chart above, minimum liability coverage is a way to get the cheapest possible insurance rates. However, you will not be covered in the event of an at-fault accident, so we recommend that you explore your coverage options and consider comprehensive car insurance in Greensboro.
Cheapest Full Coverage Car Insurance in Greensboro
Comprehensive car insurance includes collision and complete cover. This means that your car is protected against the accidents you cause and against environmental damage.
Nationwide and Erie Insurance offer the cheapest full coverage policies in the Greensboro area. National provides comprehensive coverage for $77 per month Where $920 per year. Erie Insurance is close behind, with comprehensive coverage that costs $83 per month Where $997 per year.
Auto Insurance Quotes in Greensboro
You will find that auto insurance rates in Greensboro vary based on a wide range of factors. Your age, marital status, gender, and driving history all have a big impact on how much you pay for car insurance.
Cheapest Car Insurance in Greensboro: Age and Marital Status
Our cost estimates show that Erie Insurance offers the cheapest insurance coverage in Greensboro for single 24 year olds. Nationwide offers the most affordable auto insurance for married 35-year-olds in the area.
Cheapest Car Insurance in Greensboro: Gender
Car insurance rates often vary for men and women, with men paying more at certain ages, but this is not the case in Greensboro. Our cost estimates show the same rates for both genders in the area, with Erie Insurance offering the cheapest rates.
Cheapest Car Insurance in Greensboro: High-Risk Drivers
Traffic violations like speeding tickets or at-fault accidents can significantly increase your car insurance premiums. The negative marks from these offenses usually stay on your driving record for at least three years, so if this applies to you, you may have higher rates for a while.
Greensboro Car Insurance Prices: Speeding
For Greensboro drivers with a speeding ticket for driving 16 to 20 miles over the speed limit, the cheapest car insurance companies to obtain policies are Nationwide at $121 per month Where $1,452 per year and Erie ate $145 per month and $1,736 per year.
Greensboro Auto Insurance Prices: At-Fault Accident
According to our cost estimates, Erie Insurance offers the cheapest car insurance for Greensboro drivers who have been involved in a car accident in the last three years – at $145 per month Where $1,736 per year. North Carolina Farm Bureau, Nationwide and State Farm also offer affordable coverage for drivers with at-fault accidents on their record.
Greensboro Auto Insurance Prices: DUI
Greensboro drivers convicted of driving under the influence (DUI) pay significantly more for their auto insurance. Nationwide offers the lowest fares for these motorists at $319 per month Where $3,831 per year. National General Insurance is closely following $337 per month Where $4,044 per year.
Average cost of car insurance in Greensboro
According to our cost estimates, Greensboro drivers pay $112 per month Where $1,348 per year on average for full auto insurance. These figures are well below the national averages of $144 per month and $1,730 per year.
Greensboro Car Insurance Prices: What Affects Them?
Everything from your age and marital status determines how much you pay north carolina car insurance.
Here is a general list of why these factors affect car insurance rates:
- Age: Teen drivers and other young drivers generally pay more for car insurance because they have higher accident rates and other recorded traffic violations.
- Genre: The gender shown on your driver’s license may affect your rates at certain ages. Male drivers tend to pay higher rates than women of the same age in their teens and early twenties.
- Marital status: Married drivers often pay lower auto insurance rates because insurers view them as more financially stable.
- Location: Specific areas of Greensboro that have higher rates of car accidents and thefts may trigger higher rates from insurers.
- credit rating: The better your credit history, the lower your premiums will be.
- Driving records: A driving history that shows you’re more likely to have a car accident or get a speeding ticket, for example, means your provider will charge more to compensate for the risk.
- Vehicle type: Cars that are more likely to be stolen or more expensive to repair will cost more to insure.
Greensboro drivers can get their best rates by maintaining a clean driving record and good credit. Choosing an insurance policy with a higher deductible or lower coverage limit can also result in lower monthly payments.
Cheap Car Insurance in Greensboro: Conclusion
Greensboro auto insurance rates are significantly lower than the national average rates, especially with the area’s best cheap auto insurance companies – Erie Insurance and Nationwide. Drivers in this North Carolina city should have no trouble finding the best cheap auto insurance for their circumstances, especially if they compare auto insurance rates from several suppliers.
Cheapest auto insurance in Greensboro: FAQs
Below are frequently asked questions about car insurance in Greensboro: