I'm sure you've seen the ads from car insurance companies like GEICO, The General, and Progressive that promise enormous savings. So drivers should just choose any of them, right?
That is not the case, however, as there are a whole bunch of unknowns like what deductibles to use for physical damage coverage, how far you drive each year, where you live in Greensboro, and if you want full coverage, that all have an effect on the price. This article covers the different scenarios that increase car insurance cost and hopefully give you enough understanding to have a solid foundation to find cheaper car insurance in Greensboro.
Figuring out which company has the most affordable car insurance rates for handicapped drivers takes more work in order to find the most economical policy. Every auto insurer has a different formula to establish rates, so we'll take a look at the most budget-friendly car insurance companies in Greensboro.
Best Car Insurance Prices in North Carolina
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$716|
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Utica National has some of the cheapest car insurance rates in Greensboro at around $636 annually. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also are some of the cheapest Greensboro, NC auto insurance companies.
In this example, if you are insured with Liberty Mutual and switched to Utica National, you may realize an annual premium reduction of upwards of $64. North Carolina drivers with NC Farm Bureau might save as much as $80 a year, and Penn National policyholders might reduce rates by $81 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit several of the following companies.
It's important to note that these estimates are averaged across all ages of drivers and types of vehicles and do not take into consideration an exact location for handicapped drivers. So the car insurance company that is most affordable for your situation may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.
For drivers with handicaps, one of the more important components that are looked at to help calculate the annual cost of car insurance is your address. Areas with high crime rates or more dense population will most likely have higher rates, whereas more rural areas have the luxury of lower rates.
The illustration below rates the most expensive cities in North Carolina for handicapped drivers to purchase a policy in. Greensboro makes the list at #7 with an annual premium of $756 for the average insurance policy, which is around $63 each month.
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Prices are estimated as the garaging address in Greensboro can lower or raise rates noticeably.
The vehicle that needs insurance is one of the largest considerations when trying to find cheap coverage for handicapped drivers. Vehicles with high performance, a lack of safety features, or high incidents of liability claims will cost more to insure than more economical and safe models. The information below outlines car insurance rates for a selection of the cheaper automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,086|
|Jeep Wrangler Sport 4WD 2-Dr||$1,123|
|Honda Accord LX-P 4-Dr Sedan||$1,189|
|Ford Escape XLT 4WD||$1,217|
|GMC Sierra SL Extended Cab 2WD||$1,288|
|Ford Explorer Limited 4WD||$1,311|
|Ford F-150 XL Super Cab 2WD||$1,349|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,379|
|Ford Fusion Sport 4-Dr Sedan||$1,387|
|Dodge Grand Caravan CV||$1,382|
|Hyundai Sonata GLS 4-Dr Sedan||$1,392|
|Ford Focus S 4-Dr Sedan||$1,382|
|Chevrolet Impala LS||$1,417|
|Ford Edge SEL 2WD||$1,427|
|Honda Odyssey EX W/Rear Entertainment||$1,417|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,438|
|Toyota RAV4 Sport 2WD||$1,450|
|Chevrolet Equinox LS 2WD||$1,457|
|Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD||$1,473|
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Cost estimates assume 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, safe-driver, claim-free, multi-policy, and homeowner. Table data does not factor in specific location which can modify rates substantially.
Based on these rates, you can assume that makes and models like the Honda CR-V, Jeep Wrangler, Honda Accord, and Ford Escape will be a few of the more affordable vehicles to insure for drivers with handicaps.
Get discount Greensboro insurance rates
Car insurance companies that provide policies for handicapped drivers may also provide discounts that may potentially lower prices by 25% or more if you qualify. A list of car insurance companies and some of the discounts can be found below.
- Travelers offers discounts for save driver, continuous insurance, driver training, multi-policy, and multi-car.
- 21st Century includes discounts for driver training, early bird, anti-lock brakes, theft prevention, 55 and older, air bags, and good student.
- State Farm discounts include passive restraint, safe vehicle, Steer Clear safe driver discount, defensive driving training, anti-theft, and Drive Safe & Save.
- GEICO has discounts for emergency military deployment, anti-lock brakes, daytime running lights, good student, driver training, and multi-policy.
- SAFECO offers premium reductions for drive less, teen safety rewards, accident prevention training, teen safe driver, multi-car, and bundle discounts.
- AAA offers discounts including multi-car, AAA membership discount, good driver, good student, multi-policy, education and occupation, and anti-theft.
The diagram below shows the comparison of car insurance rates with and without discounts. The premiums 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 rate with no discounts. The second shows the rates with marriage, homeowner, claim-free, passive restraint, vehicle safety, and multiple policy discounts applied. When discounts are factored in, the average savings per year on car insurance for handicapped drivers is 27% or $361.
Which car insurance company is best in Greensboro?
Ending up with a high-quality insurance company can be rather challenging considering how many companies there are to choose from in North Carolina. The company rank data in the lists below can help you pick which car insurance companies you want to consider when shopping your coverage around. The rankings below are only made up of companies with a national presence, so smaller companies are not included in this list.
Top 10 Large Car Insurance Companies in Greensboro Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Large Car Insurance Companies in Greensboro Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
The example below highlights how deductible selection can raise or lower insurance costs when searching for cheap insurance for handicapped drivers. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are applied.
A 50-year-old driver could save $286 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $432 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could roll back prices up to $944 or more by choosing larger deductibles on their policy.
When insureds make the decision to increase the deductibles on their policy, it's a good idea to have enough savings to be able to pay the extra out-of-pocket expense that comes with higher deductibles.
How to find economical insurance for handicapped drivers
Here are a few thrifty solutions that can help Greensboro drivers find cheap auto insurance.
- Raise comprehensive and collision coverage deductibles
- Good credit can mean cheaper rates
- Keep your driving record clean
- Try paying for small claims out-of-pocket
- Buying your home and auto policies from the same company can earn a discount
- Do not get into accidents that are your fault
- Keep rates low by shopping around frequently
The last suggestion is especially valuable, as we hit on in this write-up. Rates in Greensboro fluctuate constantly, so don't be afraid to buy a policy from a new company if a more affordable rate is found.
Staying with the same company for years is fine, but it's not a great idea if that faithfulness ends up costing you potentially thousands of dollars a year. In just a couple of minutes you could shop around and find cheaper car insurance for handicapped drivers.