The make and model of vehicle that needs insurance is probably the biggest factor that determines whether or not you find cheaper coverage for government employees. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost less to insure than high performance models. The data below features auto insurance rates for a selection of the most economical automobiles to insure in North Carolina.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,095|
|Ford Escape XLS 2WD||$1,105|
|Chevrolet Impala LS||$1,110|
|Toyota RAV4 Limited 2WD||$1,132|
|GMC Sierra SL Extended Cab 2WD||$1,141|
|Chevrolet Equinox LS 2WD||$1,132|
|Toyota Tacoma Double Cab 4WD||$1,155|
|Toyota Camry SE||$1,190|
|Chevrolet Malibu LTZ||$1,212|
|Ford F-150 XL Super Cab 4WD||$1,228|
|Dodge Grand Caravan SE||$1,237|
|Dodge Ram Quad Cab ST 4WD||$1,237|
|Ford Focus S 4-Dr Sedan||$1,272|
|Honda Civic DX 4-Dr Sedan||$1,282|
|Hyundai Elantra SE Touring Station Wagon||$1,277|
|Honda Odyssey LX||$1,288|
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Table data assumes 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, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in specific location which can influence prices greatly.
Looking at the data, you can assume that vehicles like the Toyota Prius, Honda CR-V, Ford Escape, and Chevrolet Impala will be the less-costly vehicles to insure for state and federal workers.
Trying to buy cheap auto insurance is not the easiest thing to accomplish, and deciding which company quotes the lowest-priced insurance rates for government employees requires even more perseverance. Every insurance provider uses a slightly different approach to establish rates, so let’s take a look at the most affordable insurance companies in Greensboro.
We do need to point out that North Carolina insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Simply getting older, having a claim, or having an at-fault accident may generate price changes that may make certain companies cheaper than competitors.
Find Cheaper Car Insurance in North Carolina
|Rank||Company||Cost Per Year|
|7||NC Farm Bureau||$737|
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Progressive quotes some of the cheapest car insurance rates in Greensboro at around $639 per year. This is $233 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO also qualify as some of the cheapest Greensboro, NC auto insurance companies.
As the rates illustrate above, if you are currently insured with Utica National and switched to Progressive, you might see savings of in the vicinity of $23. Policyholders with Liberty Mutual might save as much as $68 a year, and Penn National customers might cut rates by $86 a year.
Bear in mind that those premiums are averages for all insureds and vehicles and and are not figured with a specific zip code for government employees. So the auto insurance company that can offer you the best price may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get rate quotes using your own specific driver and vehicle information.
One of the more important factors that are looked at to help calculate the price you pay for insurance is where you keep your vehicle in Greensboro. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with less congestion have the benefit of cheaper auto insurance prices.
The table below sorts the priciest cities in North Carolina for government employees to purchase car insurance in. Greensboro is listed at #7 with a yearly cost of $756 for the average insured, which is about $63 each month.
|Rank||City||Average Per Year|
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Table data uses approximated as the specific geographic location can modify coverage prices significantly.
Which insurance company is best in Greensboro?
Ending up with a high-quality insurance provider can be challenging considering how many different companies sell coverage in North Carolina. The ranking information shown next can help you select which companies to look at when shopping car insurance rates for government employees. The ratings below are only made up of companies who write in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for the list.
Top 10 Major 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 Major Auto Insurance Companies in Greensboro Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Full coverage rates compared to liability only
Saving money on insurance is the goal of most vehicle owners, and one of the best ways to buy cheap insurance for government employees is to not buy full coverage. The illustration below shows the difference between premium costs with full physical damage coverage and with liability coverage only. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no other discounts are factored in.
As an overall average, comp and collision coverage costs an additional $1,434 per year more than buying just liability insurance. A very common question is if you should buy full coverage. There is no set guideline for excluding comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $6,000 after you pay the deductible. If premium cost is more than $600 a year for physical damage coverage, then you might want to consider buying only liability coverage.
Comparing rates can save you money
North Carolina insurance rates are impacted by many things that can increase the policy premium. Simply having another birthday, getting married, or getting a ticket for running a stop sign can trigger rate changes that may make certain companies cheaper in comparison to the competition.
Additionally, car insurance companies file new North Carolina auto insurance rates as often as every three months to adjust for gains or losses. Unexpectedly high claims can cause additional price hikes, while a profitable period may cause lower-cost Greensboro car insurance rates.
To help illustrate this point, the bar chart below analyzes the cheapest car insurance in Greensboro, NC for a 40-year-old female driver with no accidents or violations, and excellent credit. Based on her current risk profile, Utica National quotes the lowest car insurance rates in Greensboro at $728 a year. This is $144 less than the average policy premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, GEICO, and Penn National are the remainder of the top five cheapest Greensboro, NC auto insurance companies.
In this example, we will give the driver from the first example a couple of claims, poor credit, and a traffic citation. Due to the fact that each insurance company has a proprietary formula to determining premium rates, comparing quotes may now present a completely different list of the cheapest companies as shown below.
NC Farm Bureau now has the lowest price in Greensboro, NC with State Farm, Auto-Owners, National General, and Allied also having competitive pricing. This demonstrates why Greensboro drivers need to spend some time comparing rates when trying to find the lowest insurance rates for government employees. Auto insurance prices are determined by many risk factors and can decrease or increase without notice, so the cheapest company when you last compared rates may now be an over-priced policy.