It can be tough to pin down the cheapest car insurance rates in any city. If you’re looking for affordable coverage in Greensboro, North Carolina, we at the Home Media reviews team have you covered.
In this article, we’ll break down average car insurance costs from the leading providers in the Greensboro area and explain the factors that go into auto coverage rates. To get the cheapest price, you can compare multiple free quotes from our reviewed best car insurance companies.
Cheapest Car Insurance Greensboro
Our thorough review of cost estimates from synthesized quadrant data indicates that Nationwide, State Farm and Erie Insurance offer the cheapest car insurance for Greensboro drivers with clean records.
Cheapest Liability Car Insurance in Greensboro
Drivers in Greensboro can find the cheapest minimum coverage liability insurance from Nationwide and Erie Insurance. Both providers check in at under $350 per year, with Nationwide offering coverage for $25 per month and Erie Insurance costing $29 per month on average.
As a North Carolina driver, your state-minimum coverage is just your mandated liability car insurance, which will only cover the medical bills and property damages of other drivers in an accident you cause.
As you can see by the table above, minimum liability coverage is one way to get the cheapest insurance rates possible. However, you won’t be covered in an at-fault accident, which is why we recommend exploring your coverage options and considering full coverage car insurance in Greensboro.
Cheapest Full Coverage Car Insurance in Greensboro
Full coverage car insurance includes collision and comprehensive coverage. This means your car is protected from accidents you cause and from environmental damages.
Nationwide and Erie Insurance offer the cheapest full coverage policies in the Greensboro area. Nationwide provides full coverage for $77 per month or $920 per year. Erie Insurance is close behind, with full coverage that costs $83 per month or $997 per year.
Car Insurance Quotes in Greensboro
You’ll find that car insurance rates in Greensboro vary according to a wide range of factors. Your age, marital status, gender and driving history all have significant impacts on how much you pay for auto coverage.
Cheapest Car Insurance Greensboro: Age and Marital Status
Our cost estimates show that Erie Insurance provides the cheapest insurance coverage in Greensboro for single 24-year-olds. Nationwide offers the most affordable car insurance for married 35-year-olds in the area.
Cheapest Car Insurance Greensboro: Gender
Car insurance rates often vary for men and women, with men paying more at certain ages — but this isn’t 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 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 violations typically stay on your driving record for at least three years, so if this applies to you, you may have higher rates for a while.
Car Insurance Prices in Greensboro: Speeding Ticket
For Greensboro drivers with a speeding ticket for going 16 to 20 miles over the speed limit, the cheapest car insurance companies to get policies from are Nationwide at $121 per month or $1,452 per year and Erie at $145 per month and $1,736 per year.
Car Insurance Prices in Greensboro: At-fault Accident
According to our cost estimates, Erie Insurance offers the cheapest car insurance for Greensboro drivers who have caused a car accident in the last three years — at $145 per month or $1,736 per year. North Carolina Farm Bureau, Nationwide and State Farm also offer affordable coverage for drivers with any at-fault accidents on their records.
Car Insurance Prices in Greensboro: DUI
Greensboro drivers with a driving under the influence (DUI) conviction pay significantly more for car insurance. Nationwide offers the lowest rates for these motorists at $319 per month or $3,831 per year. National General Insurance is close behind at $337 per month or $4,044 per year.
Average Cost of Car Insurance in Greensboro
According to our cost estimates, Greensboro drivers pay $112 per month or $1,348 per year on average for full coverage auto insurance. These figures come in well below the national averages of $144 per month and $1,730 per year.
Car Insurance Prices in Greensboro: What Affects Them?
Everything from your age and marital status determine how much you pay for North Carolina car insurance.
- Age: Teen drivers and other young drivers typically pay more for car insurance because they have higher recorded rates of accidents and other driving violations.
- Gender: The gender listed on your driver’s license may affect your rates at certain ages. Male drivers tend to pay higher rates than same-age females in their teens and early 20s.
- Marital status: Married drivers often pay lower car insurance rates because insurance providers see them as more financially stable.
- Location: Specific areas of Greensboro that have higher rates of car accidents and theft may trigger higher rates from insurers.
- Credit score: The better your credit history, the lower your premiums will be.
- Driving record: A driving history that shows you’re more likely to get into a car accident or get a speeding ticket, for example, means your provider will charge more to offset risk.
- Type of vehicle: 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 lead to lower monthly payments.
Cheap Car Insurance in Greensboro: Conclusion
Greensboro car insurance rates are significantly lower than the national average rates, especially from 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 car insurance for their situation, especially if they compare car insurance rates from multiple providers.
Cheapest Auto Insurance in Greensboro: FAQ
Below are frequently asked questions about car insurance in Greensboro:
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.