What Insurance is Cheapest for Veterans in Greensboro?

Wouldn’t it be easy if you could just magically know that one perfect company that has the cheapest coverage for veterans? Unfortunately, it’s not that simple as there are a ton of unknown aspects like any driving violations you may have, your marital status, the neighborhood you live in, and whether or not you own a home, that all help calculate your car insurance rates. We are going to cover the best ways to save on auto insurance and will hopefully give you a good beginning to your quest for cheaper car insurance.

The vehicle you are seeking coverage for is one of the primary factors that determines the availability of the most affordable car insurance for veterans. Vehicles with lots of speed or power, poor passenger safety features, or a track record of large liability claims will cost much more to insure than more economical and safe models.

The list below features car insurance rates for a number of the more affordable automobiles to insure in North Carolina.

Cheapest Vehicles to Insure in Greensboro, NC
Vehicle Estimated Cost for Full Coverage
Ford F-150 XL Regular Cab 4WD $1,120
Volkswagen Jetta SE 2.5 Station Wagon $1,165
Ford Escape XLT 4WD $1,167
Honda CR-V EX-L 2WD $1,176
Honda Accord LX-P 4-Dr Sedan $1,222
Ford Edge SE 2WD $1,258
Toyota Prius $1,263
GMC Sierra SLT Extended Cab 4WD $1,265
Dodge Grand Caravan CV $1,283
Ford Explorer XLT 2WD $1,290
Toyota Camry Hybrid $1,349
Chevrolet Impala LT $1,353
Chevrolet Equinox LT AWD $1,359
Dodge Ram 2500 Mega Cab Laramie 4WD $1,371
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,378
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Price 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 multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in specific garaging location which can lower or raise insurance rates greatly.

Looking at the numbers, cars like the Ford F-150, Volkswagen Jetta, Ford Escape, Honda CR-V, and Honda Accord are most likely to be some of the less-costly vehicles to insure for veterans.

For veterans, one of the more important factors that are looked at to determine auto insurance rates is where you live in Greensboro. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas that tend to be more rural can boast about having cheaper rates.

The illustration below sorts the priciest cities in North Carolina for veterans to purchase a policy in. Greensboro shows up at #9 with an annual premium of $756 for car insurance, which is around $63 monthly.

How much does car insurance cost in Greensboro, NC?
Rank City Annual Rate
1 Fayetteville $923
2 Jacksonville $864
3 Charlotte $808
4 Durham $789
5 Gastonia $787
6 Cary $772
7 Raleigh $760
8 Wilmington $758
9 Greensboro $756
10 Wilson $754
11 Indian Trail $753
12 Rocky Mount $748
13 Goldsboro $743
14 Greenville $738
15 Huntersville $734
16 Apex $725
17 High Point $723
18 Hickory $718
19 Salisbury $705
20 Chapel Hill $703
21 Burlington $699
22 Kannapolis $690
23 Winston Salem $688
24 Concord $676
25 Asheville $667
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Rate quotes are approximated as vehicle location can affect coverage prices significantly.

Shopping around for budget auto insurance is easier said than done, and finding out which company quotes the most affordable car insurance rates for veterans will take additional perseverance.

Each insurance company uses different criteria to set their prices, so let’s begin by taking a look at the most competitive car insurance companies in Greensboro. Keep in mind that North Carolina car insurance rates are determined by lots of factors that can increase the cost of a policy. Events like a birthday, increasing deductibles, or having an accident can trigger rate changes that may make certain companies more affordable than others.

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Who has the cheapest car insurance in North Carolina?
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $662
3 Liberty Mutual $728
4 NC Farm Bureau $737
5 Titan $737
6 Penn National $739
7 GEICO $750
8 State Farm $756
9 Auto-Owners $844
10 National General $890
11 Erie $904
12 Travelers $927
13 Allied $928
14 Peerless $962
15 Nationwide $1,001
16 Unitrin $1,002
17 Encompass $1,031
18 MetLife $1,038
19 Allstate $1,054
20 Safeco $1,076
Quote Your Rates Go

Progressive normally has some of the most affordable car insurance rates in Greensboro at around $632 a year. Utica National, Liberty Mutual, NC Farm Bureau, and Titan also qualify as some of the best Greensboro, NC auto insurance companies.

As illustrated above, if you are currently insured with NC Farm Bureau and switched to Utica National, you may see savings of in the neighborhood of $75. Insureds with Titan may save as much as $75 a year, and Penn National policyholders might cut rates by $77 a year.

These premium estimates are averages for all drivers and vehicles and do not take into consideration a vehicle location for veterans. So the company that can offer you the lowest price may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare prices as often as possible using your own driver and vehicle profiles.

Types of discounts on Greensboro car insurance rates

Car insurance for veterans in Greensboro, NCInsurance providers that offer quotes for veterans may also provide policy discounts that can reduce rates by as much as 35% if you meet specific eligibility requirements. Larger car insurance companies and the discounts they provide are detailed below.

The illustration below shows the difference between insurance rates with and without policy discounts. The price estimates are based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, claim-free, multiple policy, multiple vehicle, safe-driver, and defensive driving course discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for veterans is 28% or $488.

Finding the best insurance provider can be a challenge considering how many different companies insure vehicles in Greensboro. The company ratings listed below may help you analyze which insurers to look at purchasing coverage from. These ratings are only comprised of companies with a nationwide focus, so smaller companies are not factored into these rankings.

Top 10 Major Auto Insurance Providers in Greensboro Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Major Auto Insurance Providers in Greensboro Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Chances are good that you’re overpaying for Greensboro car insurance

Greensboro, NC car insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply having another birthday, moving across town, or getting a reckless driving citation can trigger changes in premium that may make certain companies affordable when they were higher priced.

And not only may your rating factors change, but companies change the rates they charge in North Carolina every year to help ensure profitability. A period of increased losses can cause price increases, while better underwriting may result in cheaper Greensboro car insurance rates.

The bar chart below demonstrates which company has the cheapest car insurance in Greensboro, NC for a 45-year-old male driver with no accidents, a clean driving record, and excellent credit. Based on his personal risk profile, Progressive may offer the cheapest car insurance rates in Greensboro at $724 per year. This is $148 less than the average policy premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual are the remaining cheapest Greensboro, NC auto insurance companies.

The example below compares rates after we give the driver from the first set of rates a claim, a lower credit rating, and a blemish on his driving record. Since each company uses their own calculation to set their prices, comparing insurance quotes most likely will result in a slightly different list of the cheapest companies as shown below.

Titan now has the cheapest car insurance in Greensboro, NC with State Farm, Auto-Owners, Utica National, and National General also being competitive. This example demonstrates why Greensboro drivers need to shop around with many companies to get cheap insurance quotes for veterans. Rates are calculated by many risk factors and can increase or decrease at any time, so the most economical option the last time you checked may now be quite expensive.

The agencies below can probably aid you in deciding which auto insurance coverages would be the best in your situation, as some drivers aren’t sure which coverage they need and prefer to have a consultation when shopping for the best coverage for veterans. It’s not always easy to find the cheapest auto insurance company, and insurance agents can add satisfaction knowing you have suitable coverage if you ever need to use it.

To locate a Greensboro auto insurance agent by location nearest to you, click the link at the bottom.

More insurance agents in Greensboro, NC