Figuring out which companies have the cheapest car insurance rates for retired military will involve a tad more effort in order to find the lowest price quote.
Each auto insurance company used slightly different criteria to set premium rates, so let’s take a look at the most competitive car insurance companies in Greensboro, NC.
Find the Best Cheap Insurance for Vets
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$716|
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Progressive may offer some of the lowest car insurance rates in Greensboro at around $658 a year. This is $214 less than the average rate paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Liberty Mutual, and GEICO would also make the list of some of the most economical Greensboro, NC insurance companies.
As the example above demonstrates, if you are insured with Liberty Mutual and switched to Progressive, you might realize annual savings of upwards of $63. Drivers with GEICO might save as much as $70 a year, and Penn National customers might reduce rates by $81 a year.
Bear in mind that those estimates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a specific location for retired military. So the insurer that can offer you the best price may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
The make and model of vehicle to be insured is a large consideration that determines if you can find the most affordable car insurance for retired military. Vehicles with more horsepower, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The information below features insurance prices for a selection of the cheaper vehicles to insure in North Carolina.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$985|
|Chevrolet Impala LS||$1,145|
|GMC Sierra SL Extended Cab 2WD||$1,167|
|Ford Explorer Limited AWD||$1,190|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,208|
|Ford Escape XLT 2WD||$1,210|
|Honda Accord LX 4-Dr Sedan||$1,215|
|Toyota Camry XLE||$1,228|
|Hyundai Sonata GLS 4-Dr Sedan||$1,248|
|Chevrolet Malibu LTZ||$1,251|
|Ford Fusion Sport 4-Dr Sedan||$1,259|
|Ford F-150 FX2 Super Cab 2WD||$1,264|
|Ford F-350 Super Cab Harley Edition 2WD||$1,296|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,311|
|Toyota Camry Hybrid||$1,332|
|Kia Optima EX||$1,338|
|Chevrolet Equinox LT 2WD||$1,334|
|Toyota RAV4 4WD||$1,340|
|Dodge Grand Caravan SE||$1,354|
|Dodge Ram 2500 Mega Cab SLT 4WD||$1,361|
|Dodge Ram Crew Cab Laramie 2WD||$1,354|
|Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD||$1,357|
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Information does not factor in Greensboro, NC location which can increase or decrease insurance rates substantially.
Looking at the numbers, you can figure that models like the Honda CR-V, Toyota Prius, and Chevrolet Impala are some of the most budget-friendly vehicles to insure for veterans.
One of the many criteria that help determine auto insurance rates is where you choose to live in Greensboro. Areas with a lot of weather claims or more people will most likely pay more, whereas less populated areas benefit from lower coverage costs.
The information below shows the most expensive areas in North Carolina for retired military to purchase a policy in. Greensboro ranks #8 with a yearly cost of $756 for the average policyholder, which is approximately $63 each month.
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Table data uses approximated as the garaging address in Greensboro can change prices substantially.
Discount Greensboro car insurance
Insurance providers that provide policies for retired military may have policy discounts that can reduce rates by 35% or more if you are eligible. Larger car insurance companies and their possible discounts are outlined below.
- State Farm offers discounts including accident-free, Steer Clear safe driver discount, passive restraint, student away at school, safe vehicle, and anti-theft.
- GEICO discounts include seat belt use, membership and employees, anti-lock brakes, anti-theft, and air bags.
- Liberty Mutual may have discounts that include teen driver discount, preferred payment discount, multi-car, new move discount, good student, and safety features.
- The Hartford includes discounts for air bag, good student, defensive driver, driver training, vehicle fuel type, bundle, and anti-theft.
- MetLife may offer discounts for accident-free, good driver, multi-policy, good student, claim-free, and defensive driver.
- Progressive may include discounts for continuous coverage, homeowner, good student, multi-vehicle, multi-policy, and online signing.
The diagram below shows the difference between insurance rates with and without discounts applied to the policy premium. The data assumes a female driver, no violations or accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, claim-free, homeowner, safe-driver, vehicle safety, and multiple vehicle discounts applied. With discounts applied, theaverage yearly reduction on car insurance for retired military is 28% or $278.
Ending up with a good quality car insurance provider can be challenging considering how many choices drivers have in Greensboro. The ranking information displayed below could help you choose which car insurance providers to look at when comparing rates.
The ratings below are only made up of companies with a nationwide focus, so smaller companies are not factored into this list. If you wish to compare prices from the most competitive companies in North Carolina, just click here.
Top 10 Large Auto Insurance Companies in Greensboro Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Top 10 Large Auto Insurance Companies in Greensboro Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
How violations and accidents impact rates
A great way to enjoy low car insurance rates for veterans is to be a safe driver and avoid getting tickets or having accidents. The chart below demonstrates how citations and at-fault accidents can increase premium costs for different age groups. The prices are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,362. Get two speeding tickets and the average cost hikes up to $1,873, an increase of $511 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance for retired military increases to an average of $3,863. That’s an increase of $2,501, or $208 per month, just for not driving responsibly!
The insurance agencies below can answer your questions and help you decide which car insurance company is the best fit, as some drivers aren’t sure which coverage they need and prefer to get some guidance when comparing insurance rates for veterans. It can be complicated to find coverage yourself, and a professional agent can give satisfaction knowing your coverage gives you adequate coverage when you need it most.
To find a Greensboro insurance agency by location nearest to you, click the button below the list or click here to compare prices now.
Nationwide Insurance: O Hanlon Insurance and Financial Services
5411D W Friendly Ave d – Greensboro, NC 27410 – (336) 288-1208
John Klopp – State Farm Insurance Agent
401 Battleground Ave – Greensboro, NC 27401 – (336) 268-9000
Jim Goard – State Farm Insurance Agent
407 Parkway Ave c – Greensboro, NC 27401 – (336) 274-1918
Charlie Ganim – State Farm Insurance Agent
2008 New Garden Rd – Greensboro, NC 27410 – (336) 282-9229
How to find more affordable car insurance for retired military
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help you buy cheap coverage.
- Drivers with good credit ratings often pay less
- Avoid getting citations and tickets
- Higher physical damage deductibles lower rates
- Do not pay for full coverage if not needed
- Safer vehicles generally have cheaper insurance rates
- Do not get into accidents
- Ensure you have the best deal by shopping around regularly
That final tip is particularly vital, as was pointed out in this write-up. Prices charged by auto insurers fluctuate constantly, so you should be ready to buy a policy from a new company if a cheaper rate is available. We understand brand loyalty, but it’s not a good idea if your bullheadedness ends up costing you hundreds of dollars year after year. Now is a great time to compare prices and find cheaper auto insurance for retired military in Greensboro.