For off-road vehicles, one of the more important components that determine the amount you pay each year for auto insurance is where you keep your car. Cities with larger populations tend to pay more, whereas more rural areas have the benefit of cheaper car insurance.
The information below shows the most expensive places in North Carolina for 4×4 vehicles to purchase auto insurance in. Greensboro makes the list at #5 with an annual cost of $779 for the average policyholder, which is approximately $65 each month.
|Rank||City||Average Per Year|
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Prices are comparative as the vehicle garaging location can affect premiums significantly.
Figuring out which companies quote the cheapest insurance rates for 4×4 vehicles may require more time in order to find the best price. Each insurer has their own formula for filing rates in each state, so we’ll take a look at the lowest cost insurance companies in Greensboro, NC.
It’s a good idea to be aware that Greensboro, NC insurance rates are influenced by many factors which can substantially decrease or increase the price of your policy. Simply having a birthday, becoming a homeowner, or getting a couple of tickets may generate price changes that can cause some rates to be cheaper than competitors.
Find the Cheapest Auto Insurance for 4×4’s
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$709|
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Utica National offers some of the best car insurance rates in Greensboro at around $643 per year. This is $229 less than the average price paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National are also some of the best Greensboro, NC insurance companies.
As shown in the table above, if you have coverage with NC Farm Bureau and switched to Utica National, you may see annual savings of upwards of $66. Insureds with Penn National might save as much as $82 a year, and GEICO insureds might realize rate reductions of up to $107 a year.
Remember that these policy prices are averaged for all insureds and vehicles and and are not calculated with a specific location for 4×4 vehicles. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That’s why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
The vehicle requiring coverage is probably the largest consideration when looking for the best insurance for 4×4 vehicles. Vehicles with lots of speed or power, poor safety ratings, or a history of substantial liability claims will cost much more to insure than more modest models. The list below outlines coverage rates for a handful of the more affordable vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,055|
|Honda Accord LX 4-Dr Sedan||$1,130|
|Ford F-150 STX Regular Cab 4WD||$1,155|
|Ford Edge Limited 2WD||$1,196|
|GMC Sierra SLE Regular Cab 2WD||$1,219|
|Toyota RAV4 Sport 4WD||$1,226|
|Ford Escape Limited 4WD||$1,228|
|Chevrolet Silverado LS Regular Cab 4WD||$1,235|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,286|
|Volkswagen Jetta SE 4-Dr Sedan||$1,311|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,334|
|Chevrolet Equinox LS AWD||$1,344|
|Toyota Tacoma Double Cab 4WD||$1,334|
|Jeep Grand Cherokee Laredo 2WD||$1,341|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,334|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,347|
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rates do not factor in vehicle location which can affect insurance rates substantially.
Based on these rates, we can conclude that vehicles like the Honda CR-V, Honda Accord, Ford F-150, Ford Edge, and GMC Sierra are most likely going to be the most economical vehicles to insure for off-road vehicles.
Violations and accidents raise rates
One of the best ways to find the most affordable insurance rates in Greensboro for off-road vehicles is to drive attentively and avoid accidents and violations. The chart below shows how violations and at-fault accidents can increase insurance costs for different categories of driver ages. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.
The data in the chart shows the average cost of a car insurance policy in Greensboro per year with a clean driving record and no accidents is $1,125. Factor in one speeding ticket and the average cost hikes up to $1,289, an increase of $164 each year. Now add in two accidents along with the one speeding ticket and the annual cost of insurance for 4×4 vehicles goes up to an average of $2,718. That’s an increase of $1,593, or $133 per month, just for not paying attention while driving!
Should you buy full coverage?
Reducing the cost of insurance is the goal of most people, and one common way to buy cheap insurance for 4×4 vehicles is to only pay for liability coverage. The chart below illustrates the comparison of insurance premiums with and without physical damage coverage. The premiums are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for ages 20 through 70, full coverage on your policy costs an extra $1,434 per year more than just buying liability only. That is a big expense that brings up the question when is it a good idea to stop buying full coverage. There is no set guideline of when to phase out physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
Shop around and save
Greensboro, NC insurance rates are determined by lots of factors which can substantially decrease or increase your annual premium. Improving your credit rating, having a claim, or having an accident may cause policy rate changes that can make some companies more affordable than before. Not only may your situation change, but companies change prices at least once a year to adjust for gains or losses. Heavier than normal losses may cause more expensive premiums, while a better claims history may cause cheaper Greensboro car insurance rates.
For example, the data below shows which company has the cheapest car insurance in Greensboro, NC for a 45-year-old female driver with a good driving record, no prior claims, and a good credit rating. If we compare prices based on her personal profile, Utica National quotes the lowest car insurance rates in Greensboro at $727 annually. This is $145 less than the average policy premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also make the list of the best Greensboro, NC auto insurance companies.
Let’s now give the driver in the first chart a couple of claims, a lower credit score, and a traffic ticket or two. Since every insurance provider has a unique formula to determining premium rates, analyzing rates may result in a slightly different list of affordable Greensboro car insurance companies as shown below.
State Farm now has the best price on car insurance in Greensboro, NC with Titan, Auto-Owners, Allied, and Erie completing the list. This illustrates why it is so important to compare as many rates as possible when trying to get cheap car insurance rates for 4×4 vehicles.
Prices are impacted by many factors and can change substantially, so the lowest-price company a year ago may now be quite expensive.
The agencies below can answer your questions and help you decide which coverages you need, since many people would rather have some professional guidance when shopping around for cheaper insurance for off-road vehicles. It can be difficult to do it yourself, and agents can bring peace of mind knowing your coverage gives you sufficient protection if you have a claim.
To locate a Greensboro insurance agent closest to you, click the button at the bottom of the list.
Nationwide Insurance: Multiple Line Ins Agency Inc
1919 Boulevard St d – Greensboro, NC 27407 – (336) 299-8877
Jim Young – State Farm Insurance Agent
1308 Wendover Ave E – Greensboro, NC 27405 – (336) 379-1040
Pam White – State Farm Insurance Agent
2608 Oakcrest Ave – Greensboro, NC 27408 – (336) 282-1111
How to find low-cost insurance for 4×4 vehicles
Lowering your rates is not difficult, and here are many thrifty ideas that can help drivers locate cheap coverage.
- Higher credit ratings may save you money
- Avoid at-fault accidents and claims
- Full coverage is expensive so only insure older vehicles for liability only
- Get cheaper liability coverage by choosing a safer vehicle
- Keep your driving record clean
- Higher comprehensive and collision coverage deductibles will save money
- Compare rates often to find the best deal
The final tip is particularly significant, as was noted in the prior article. Auto insurance rates in Greensboro can be adjusted at any time, so don’t be unwilling to buy from a new company if a cheaper rate is available. Being loyal to a particular company is commendable, but it’s not a good idea if that loyalty ends up costing a wad of cash every year. Take a couple minutes and shop around to find cheaper car insurance for 4×4 vehicles.