One of the many things that determine insurance cost is your address. Areas with more people or more claims tend to have higher rates, whereas areas with less people or fewer weather incidents benefit from lower rates.
The next table lists the highest-priced areas in North Carolina for police officers in which to buy car insurance. Greensboro is ranked #8 with an annual premium of $763 for the average insured, which is around $64 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Fayetteville | $905 |
| 2 | Jacksonville | $873 |
| 3 | Gastonia | $811 |
| 4 | Charlotte | $808 |
| 5 | Cary | $772 |
| 6 | Durham | $765 |
| 7 | Wilmington | $765 |
| 8 | Greensboro | $763 |
| 9 | Raleigh | $760 |
| 10 | Huntersville | $756 |
| 11 | Wilson | $746 |
| 12 | Goldsboro | $743 |
| 13 | Indian Trail | $731 |
| 14 | Greenville | $730 |
| 15 | Rocky Mount | $726 |
| 16 | High Point | $723 |
| 17 | Hickory | $718 |
| 18 | Apex | $717 |
| 19 | Chapel Hill | $703 |
| 20 | Concord | $697 |
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Table data uses comparative as vehicle location can increase or decrease rates significantly.
The vehicle model that is being insured is one of the biggest factors when comparison shopping for the cheapest car insurance for police officers. Vehicles with high performance engines, a lack of advanced safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The next table shows car insurance premiums for some of the most budget-friendly automobiles to insure in North Carolina.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Toyota Prius | $1,163 |
| Ford Explorer XLT AWD | $1,179 |
| Ford F-150 STX Super Cab 4WD | $1,202 |
| Ford Edge SEL AWD | $1,221 |
| Toyota RAV4 Limited 4WD | $1,244 |
| Ford Focus SES 4-Dr Sedan | $1,286 |
| Honda CR-V LX 2WD | $1,288 |
| Toyota Tacoma X-Runner 2WD | $1,309 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,318 |
| Toyota Corolla XLE | $1,309 |
| Ford Escape XLT 4WD | $1,319 |
| Chevrolet Silverado LT Extended Cab 2WD | $1,332 |
| Dodge Ram Crew Cab ST 2WD | $1,356 |
| Jeep Grand Cherokee Laredo 4WD | $1,425 |
| Ford Fusion S 4-Dr Sedan | $1,431 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,425 |
| Dodge Ram 2500 Crew Cab Laramie 4WD | $1,444 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,454 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,474 |
| GMC Sierra 2500HD SLE Crew Cab 2WD | $1,486 |
| Toyota Camry LE | $1,525 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,528 |
| Chevrolet Malibu LT | $1,556 |
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Table data does not factor in specific Greensboro, NC garaging location which can decrease or increase rates greatly.
Based upon the table data, we can assume that vehicles like the Toyota Prius, Ford Explorer, Ford F-150, Ford Edge, and Toyota RAV4 are going to be some of the most affordable vehicles to insure for law enforcement personnel.
Establishing which company offers the cheapest insurance rates for police officers will require a bit more work than just picking a company at random. Every insurance company uses a different method to determine premium rates, so we’ll take a look at the most affordable insurance companies in Greensboro, NC.
It’s a good idea to be aware that North Carolina insurance rates are impacted by many things that may substantially change the policy premium. Simply having a birthday, buying another vehicle, or getting a DUI can trigger rate changes that can cause some rates to be affordable when they were higher priced.
Best Auto Insurance Prices for Law Enforcement
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $658 |
| 2 | Utica National | $662 |
| 3 | Liberty Mutual | $707 |
| 4 | Penn National | $717 |
| 5 | NC Farm Bureau | $730 |
| 6 | GEICO | $750 |
| 7 | Titan | $751 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $881 |
| 11 | Erie | $895 |
| 12 | Allied | $901 |
| 13 | Travelers | $936 |
| 14 | Peerless | $972 |
| 15 | Unitrin | $1,012 |
| 16 | MetLife | $1,018 |
| 17 | Nationwide | $1,031 |
| 18 | Safeco | $1,044 |
| 19 | Encompass | $1,063 |
| 20 | Allstate | $1,086 |
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Progressive offers some of the lowest car insurance rates in Greensboro at around $658 annually. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau would also make the list of some of the cheaper Greensboro, NC car insurance companies.
In this example, if you are a customer of Utica National and switched to Progressive, you could see an annual premium reduction of upwards of $4. Policyholders with Liberty Mutual might save as much as $49 a year, and Penn National insureds might realize rate reductions of up to $59 a year.
If you want to find out if you’re overpaying, click here to get quotes or click through to the companies below.
Remember that these estimates are averaged for all insureds and vehicles and and are not calculated with a specific zip code for police officers. So the car insurance company that fits your situation best may not even be in the top 20 companies shown above. That points out the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
How accidents and tickets impact rates in Greensboro
The obvious way to get good insurance prices in North Carolina for law enforcement personnel is to be a careful driver and avoid tickets and accidents. The example below shows how violations and at-fault fender-benders can raise auto insurance costs for different age groups. The price estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are factored in.
The data charted above shows the average cost of an auto insurance policy per year with no violations or accidents is $1,348. Get written up for two speeding tickets and the average cost hikes up to $1,916, an increase of $569 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of insurance for police officers jumps again to an average of $2,497. That’s an increase of $1,149, or $96 per month, just for not driving carefully!
Cost comparison with and without full coverage
Paying less for insurance should be important to the majority of people, and one common way to buy cheap insurance for police officers is to not insure for full coverage. The example below visualizes the comparison of yearly insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Averaged for all age groups, physical damage insurance costs $1,401 per year more than just buying liability insurance. That is a large expense which might make you wonder if buying full coverage is worth the money. There is no written rule for phasing out comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your vehicle’s book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after you pay the deductible. If you are paying over $200 a year to have full coverage, then it might be time to buy liability only.
The example below highlights how deductible choice can raise or lower insurance premiums when getting quotes for cheap insurance for police officers. The data assumes a single male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could lower rates by $310 a year by increasing from a $100 deductible to a $500 deductible, or save $466 by using a $1,000 deductible. Even younger insureds, like the Age 20 category, can cut as much as $924 every year by using higher deductibles when buying full coverage.
When increasing deductibles, it is necessary to have enough savings set aside to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to find the cheapest car insurance for police officers
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help Greensboro drivers find cheaper coverage.
- Do not waste money insuring older vehicles for full coverage
- Safe vehicles cost less to insure
- Increase the comprehensive and collision deductibles on your policy
- Buy your homeowners policy from the same company as your auto insurance
- Save money by staying claim-free
- Good credit can mean cheaper rates
- Shop around once a year for cheaper rates
The last tip is especially critical, as we noted in this write-up. Insurance prices fluctuate constantly, so you should be ready to switch to a new company if a lower price can be found. Having brand loyalty is commendable, but it’s not a good idea if it’s costing you a considerable chunk of change every month. It only takes a couple minutes to compare rates and find cheaper car insurance for police officers in Greensboro.