The vehicle on the policy is one of the primary factors when comparing quotes for low-priced auto insurance for teenage females. Vehicles with lots of speed or power, poor safety features, or high incidents of liability claims will cost substantially more to insure than safer models. The data below features coverage prices for some of the more affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$3,752|
|Hyundai Elantra GLS Touring Station Wagon||$3,760|
|Honda Accord LX-P 4-Dr Sedan||$3,752|
|Ford Escape Limited 4WD||$4,024|
|Jeep Wrangler Rubicon 4WD 2-Dr||$4,214|
|Honda Odyssey EX W/Rear Entertainment||$4,413|
|Ford Focus S 4-Dr Sedan||$4,423|
|Toyota RAV4 4WD||$4,450|
|Chevrolet Impala LT||$4,459|
|Jeep Grand Cherokee Laredo 2WD||$4,450|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$4,486|
|Dodge Grand Caravan Crew||$4,492|
|Ford Explorer Limited AWD||$4,486|
|Ford Edge Limited AWD||$4,688|
|Toyota Corolla LE||$4,695|
|Toyota Camry SE||$4,688|
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can decrease or increase insurance rates significantly.
Looking at the data, vehicles like the Honda CR-V, Hyundai Elantra, Honda Accord, and Ford Escape should be a few of the most economical vehicles to insure for teen girls. Prices will tend to be more expensive because there is more liability risk for teenage females, but generally speaking those vehicles will most likely have the least expensive rates compared to all other vehicles.
Finding out which companies have the cheapest insurance rates for teenage females involves a little more effort in order to find coverage that fits your budget. Every insurance provider has a proprietary formula to determine premium rates, so we will examine the most budget-friendly insurance companies in Greensboro.
It’s important that you understand North Carolina insurance rates are based on many factors that control the cost of your policy. Simply having a birthday, moving to a new city, or getting a ticket for careless driving can trigger rate changes that can make some companies more affordable than the competition.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$716|
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Progressive quotes some of the most affordable car insurance rates in Greensboro at around $632 a year. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual would also make the list of some of the more affordable Greensboro, NC auto insurance companies.
As shown in the table above, if you currently have coverage with Utica National and switched to Progressive, you could realize an annual premium reduction of in the vicinity of $4. Drivers with NC Farm Bureau could save as much as $84 a year, and Penn National insureds might cut rates by $85 a year.
To find the cheapest rates for your vehicle, click here to start your free quote or click several companies below for low rates.
Understand that those policy rates are averages across all drivers and vehicles and and are not calculated with a specific vehicle garaging location for teenage females. So the insurer that is best for you may not even be in the list above. That affirms the importance of why you need to compare as many prices as possible using your own individual information.
One of the more important criteria that are used to help calculate the cost of insurance is the neighborhood you call home in Greensboro. More densely populated places will most likely pay more, whereas areas with less people or fewer weather incidents have the luxury of cheap car insurance rates.
The next table lists the most expensive places in North Carolina for teenage females to buy car insurance in. Greensboro shows up at #9 with a yearly cost of $763 for the average policyholder, which is about $64 monthly.
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Table data uses approximated as the garaging address in Greensboro can lower or raise rates greatly.
Careless driving habits raise Greensboro insurance rates
A great way to earn the most affordable insurance prices in Greensboro for teen girls is to drive attentively and maintain a clean driving record. The information below highlights how traffic violations and at-fault claims can impact insurance premiums for each age group. The data assumes a single female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of car insurance per year with no violations or accidents is $1,360. Get written up for one speeding ticket and the average cost surges to $1,539, an increase of $179 each year. Then add in one accident along with the one speeding ticket and the yearly cost of insurance for teenage females jumps again to an average of $2,046. That’s an increase of $686, or $57 per month, just for a couple of infractions!
Types of discounts on Greensboro car insurance
Insurance providers that offer quotes for teenage females could also offer special discounts that could potentially reduce rates by 35% or more if you meet the requirements. Large insurance companies and some of the premium reductions they offer are:
- Progressive offers discounts for multi-policy, homeowner, multi-vehicle, good student, continuous coverage, and online quote discount.
- SAFECO has savings for accident prevention training, teen safe driver, multi-car, drive less, anti-lock brakes, and anti-theft.
- American Family may have discounts that include early bird, TimeAway discount, bundled insurance, good student, accident-free, defensive driver, and mySafetyValet.
- MetLife includes discounts for multi-policy, claim-free, good driver, good student, accident-free, defensive driver
- GEICO has discounts for anti-theft, seat belt use, anti-lock brakes, multi-vehicle, and emergency military deployment.
- The Hartford policyholders can earn discounts including defensive driver, vehicle fuel type, air bag, bundle, and good student.
The example below compares insurance premiums with and without discounts. The rate quotes are based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paid-in-full, continuous coverage, passive restraint, vehicle safety, good student, and anti-theft discounts applied. When these discounts are applied, theaverage yearly reduction on insurance for teenage females is 28% or $475.
Why are you paying too much for car insurance?
Greensboro insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Simply having a birthday, marrying your spouse, or getting a DUI may cause policy rate changes that can now make some companies more affordable than before. And not only may your rating factors change, but insurers amend pricing as often as every three months to ensure their profitability. Significantly higher claims may result in rate hikes, while profitable underwriting can result in lower-priced Greensboro car insurance rates.
To help illustrate this point, the chart below shows rates for the cheapest car insurance in Greensboro, NC for a 45-year-old female driver with a clean driving record, no accidents, and good credit. If we look at prices based on her personal profile, Progressive has the most affordable car insurance rates in Greensboro at $723 each year. This is $149 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO also make the list of the cheapest Greensboro, NC auto insurance companies.
The example below compares rates after we give the driver from the above example a claim or two, poor credit, and an imperfect driving record. Since every car insurance company has a different process to set premium rates, getting updated rate quotes may now present a different list of cheap Greensboro auto insurance companies as shown below.
State Farm now has the best car insurance rate in Greensboro with Titan, Auto-Owners, Allied, and Erie now being in the top five. This example shows why it is critical to take the time to shop around when trying to find the best car insurance quotes for teenage females.
Insurance rates can be altered by many risk factors and change substantially, so the cheapest company three years ago may now be quite expensive.