Who Has Cheap Auto Insurance for Drivers Over Age 70 in Greensboro?

The make and model of vehicle you are insuring is one of the primary factors when consumers are trying to find affordable insurance for drivers over age 70. Vehicles with more horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than safer, lower-performance models. The information below presents car insurance prices for a selection of the cheaper automobiles to buy insurance for.

Cheapest Vehicles to Insure in Greensboro, NC
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $1,220
Honda Accord LX 4-Dr Sedan $1,225
Honda CR-V EX-L 4WD $1,238
Toyota Prius $1,333
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,351
Ford Explorer Eddie Bauer 2WD $1,369
Dodge Grand Caravan CV $1,376
Ford Focus SE 4-Dr Sedan $1,428
Ford Edge SEL AWD $1,436
Chevrolet Impala LS $1,428
Ford Fusion S 4-Dr Sedan $1,446
Volkswagen Jetta S 4-Dr Sedan $1,453
GMC Sierra SL Extended Cab 2WD $1,446
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Prices based on single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Information does not factor in specific location information which can affect insurance rates considerably.

By looking at the data, vehicles like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Jeep Wrangler will be some of the most affordable vehicles to insure for older drivers. Rates will tend to be higher because there is a higher risk for drivers over age 70, but overall those particular models will tend to have the best insurance prices possible.

One of the many considerations that are looked at to determine auto insurance rates is your address in Greensboro. Areas with more people or higher crime rates will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.

The table below lists the most expensive cities in North Carolina for drivers over age 70 to buy car insurance in. Greensboro ranks #5 with a yearly premium of $779 for car insurance, which is about $65 each month.

How much is car insurance in Greensboro?
Rank City Average Per Year
1 Fayetteville $905
2 Jacksonville $891
3 Charlotte $832
4 Durham $789
5 Greensboro $779
6 Gastonia $779
7 Wilmington $758
8 Cary $749
9 Rocky Mount $748
10 Wilson $746
11 Goldsboro $743
12 Greenville $738
13 Raleigh $737
14 Huntersville $734
15 Indian Trail $731
16 Apex $725
17 Chapel Hill $724
18 High Point $723
19 Hickory $711
20 Winston Salem $709
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Premium amounts are approximated as specific location information can alter premium rates considerably.

Cost of full coverage in Greensboro

Paying less for auto insurance is probably important to the majority of vehicle owners, and one great way to buy cheap insurance for drivers over age 70 is to buy only liability coverage. The diagram below shows the difference between insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.

Averaged out for all age groups, physical damage insurance costs $1,918 per year over liability only. Many of you may wonder if it’s a good idea to buy full coverage. There is no definitive formula to stop paying for physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $3,000 after paying the physical damage deductible. If you are paying in excess of $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some cases where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Get discounts on Greensboro auto insurance rates

Cheaper Greensboro, NC auto insurance for older driversInsurance companies that provide coverage for drivers over age 70 may additionally offer special discounts that could lower prices by as much as 35% or more if you qualify. Larger auto insurance companies and their offered discounts can be read below.

The information below compares car insurance costs with and without discounts applied. The rates are based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, multiple policy, safe-driver, multiple vehicle, claim-free, and defensive driving course discounts applied. When these discounts are applied, theamount saved on auto insurance for drivers over age 70 is 27% or $309.

Careless Greensboro drivers pay higher rates

The best way to find the cheapest auto insurance rates in North Carolina for older drivers is to drive safely and avoid accidents and keep your driving record clean. The illustration below shows how traffic citations and accidents raise yearly insurance costs for each age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

In the previous example, the average cost of auto insurance in North Carolina per year with a clean driving record and no accidents is $1,053. Receive two speeding tickets and the average cost surges to $1,383, an increase of $330 each year. Then include one accident along with the two speeding tickets and the yearly cost of auto insurance for drivers over age 70 goes up to an average of $1,718. That’s an increase of $666, or $55 per month, just for not driving safely!

How to find cheaper auto insurance for drivers over age 70

The list below summarizes some of the better thrifty solutions that can help Greensboro drivers quote cheap auto insurance.

The last tip in the list is remarkably critical, as was pointed out in this article. Rates in Greensboro can change considerably based on profitability, so don’t be afraid to switch companies if a better deal can be had. Staying with the same car insurance company is fine, but it isn’t a good idea if that dedication is costing hundreds of dollars year after year. In less than five minutes you could compare prices and find cheaper car insurance for drivers over age 70.

If you prefer to have a little guidance when shopping around for cheaper insurance for drivers over age 70, the professional agents shown below can help you decide which car insurance company is the best fit.

To locate a Greensboro insurance agent by location nearest to you, click the link after the list.

State Farm: Ashley Collins
w ste b 27403, 1610 W Friendly AveGreensboro, NC 27403(336) 274-7900

Southeastern Agency Group Inc
1501 Highwoods Blvd # 301Greensboro, NC 27410(336) 218-7470

Allstate Insurance: Brad Williams
4125 Walker Ave CGreensboro, NC 27407(336) 852-2627

Nationwide Insurance: John A Peterson Jr
1451 S Elm-Eugene St #2119Greensboro, NC 27406(336) 303-8992

More Greensboro, NC insurance agents