One of the more important factors that are looked at to help calculate the price you pay for insurance is where you keep your car. Cities with larger populations will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The following table sorts the highest-priced areas in North Carolina for real estate agents to purchase a policy in. Greensboro is ranked at #5 costing $786 on average, which is approximately $66 per month.
|Rank||City||Premium Per Year|
|Get a Custom Quote Go|
Premium costs are approximated as the garaging address in Greensboro can revise premiums greatly.
Trying to buy affordable auto insurance is hard enough, and finding out which company offers the lowest-priced car insurance rates for real estate agents calls for even more rate comparisons. Every car insurance company has a proprietary formula to set premium rates, so let’s begin by examining the most affordable car insurance companies in Greensboro, NC.
We do need to point out that Greensboro car insurance rates are impacted by many things which can substantially decrease or increase the price you have to pay. Events like a birthday, buying a higher-value vehicle, or having an at-fault accident can trigger price changes that may make certain companies more expensive than competitors.
Find the Best Cheap Insurance for Realtors
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$709|
|Compare Rates Now Go|
Progressive generally has some of the most affordable car insurance rates in Greensboro at around $632 each year. Utica National, NC Farm Bureau, Liberty Mutual, and GEICO would also make the list of some of the cheaper Greensboro, NC insurance companies.
In the above example, if you buy coverage from Liberty Mutual and switched to Utica National, you could realize yearly savings of about $66. Insureds with GEICO could save as much as $73 a year, and Penn National insureds might lower prices by $92 a year.
To get a quick, customized rate comparison, click here to get a free quote or quote rates from the companies below.
Bear in mind that those policy prices are averaged across all types of drivers and the different vehicles they drive and are not factoring in a specific zip code for real estate agents. So the auto insurance company that fits your situation best may not even be in the top 20 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The vehicle model you are buying coverage for is probably the most important factor when shopping for the cheapest insurance for real estate agents. Vehicles with reasonable performance levels, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models. The next list shows insurance premiums for a selection of the cheapest vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,206|
|Ford Escape XLT 4WD||$1,232|
|Dodge Grand Caravan Hero||$1,246|
|Ford Explorer Limited AWD||$1,269|
|Honda Civic LX 4-Dr Sedan||$1,288|
|Honda CR-V LX 2WD||$1,290|
|Hyundai Elantra GLS 4-Dr Sedan||$1,311|
|Nissan Rogue S AWD||$1,334|
|GMC Sierra SLE Crew Cab 2WD||$1,340|
|Chevrolet Silverado LT Regular Cab 2WD||$1,334|
|Volkswagen Jetta S 4-Dr Sedan||$1,428|
|Toyota Camry LE||$1,434|
|Ford Focus SES 4-Dr Sedan||$1,476|
|Ford Edge SEL 2WD||$1,500|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,502|
|Chevrolet Impala LTZ||$1,509|
|Find Cheaper Rates Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate information does not factor in specific location which can increase or decrease auto insurance rates significantly.
Based on these rates, we can infer that models like the Toyota Prius, Honda Accord, and Ford Escape should be a few of the cheapest vehicles to insure for realtors.
Discounts on Greensboro insurance rates
Auto insurance companies that sell policies for real estate agents may additionally offer policy discounts that could potentially reduce rates by 25% or more if you meet the requirements. A few of the larger companies and a partial list of their discounts are shown below.
- Progressive may offer discounts for online quote discount, homeowner, online signing, good student, and continuous coverage.
- AAA may have discounts that include multi-policy, AAA membership discount, anti-theft, pay-in-full, multi-car, good student, and education and occupation.
- Farmers Insurance discounts include multi-car, good student, pay in full, switch companies, early shopping, alternative fuel, and teen driver.
- GEICO offers discounts for multi-vehicle, military active duty, anti-theft, air bags, anti-lock brakes, seat belt use, and emergency military deployment.
- Esurance policyholders can earn discounts including anti-lock brakes, anti-theft, Pac-12 alumni, online shopper, and multi-policy.
- SAFECO may include discounts for anti-theft, teen safety rewards, bundle discounts, anti-lock brakes, accident prevention training, and safe driver.
- State Farm offers discounts including Steer Clear safe driver discount, driver’s education, anti-theft, good student, and accident-free.
The example below visualizes the comparison of insurance prices with and without some available policy discounts. Data assumes a male driver, no claims or driving citations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, safe-driver, homeowner, multiple vehicle, passive restraint, and multiple policy discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for real estate agents is 28% or $488.
How careless driving impacts Greensboro car insurance rates
The easiest way to find the best car insurance rates in North Carolina for realtors is to be a safe driver and not have accidents or get tickets. The example below shows how speeding tickets and at-fault claims can influence car insurance costs for each age group. The information is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
The data above shows the average cost of a car insurance policy in North Carolina per year with no violations or accidents is $1,227. Get one speeding ticket and the average cost jumps to $1,405, an increase of $178 each year. Then add one accident along with the one speeding ticket and the 12-month cost of car insurance for real estate agents increases to an average of $1,913. That’s an increase of $686, or $57 per month, just for being a less-than-perfect driver!
The chart below shows how different deductible levels can raise or lower insurance premiums when trying to find cheap insurance for real estate agents. The price estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could lower rates by $310 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $466 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, have the ability to save as much as $924 each year just by using higher deductibles. When using a larger deductible, it is essential to have plenty of savings on hand to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Don’t make the mistake of not shopping around
North Carolina car insurance rates are calculated based on many things that will increase or decrease the price you pay for coverage. Getting older, moving to a new city, or getting a DUI can trigger rate changes that can make some companies cheaper than before.
In addition, car insurance companies change prices multiple times each year as an adjustment for underwriting gains or losses. A period of higher than normal claims can result in increased rates, while lower claims can cause more affordable Greensboro car insurance rates.
To illustrate this point, the chart below shows which company has the cheapest car insurance in Greensboro, NC for a 35-year-old female driver with a clear driving record, no claims, and excellent credit. Based on her current risk factors, Progressive might quote the cheapest car insurance rates in Greensboro at $736 a year. This is $136 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, GEICO, and NC Farm Bureau round out the rest of the cheapest Greensboro, NC auto insurance companies.
Now we will give the driver from the first rate comparison a claim surcharge, bad credit, and a speeding citation. Since each insurance company has their own guidelines to set their prices, comparing quotes will most likely result in a significantly different list of the cheapest Greensboro car insurance companies as shown below.
Penn National now has the lowest car insurance rate in Greensboro with State Farm, Auto-Owners, National General, and Allied now rounding out the top five. This demonstrates why drivers need to spend some time comparing rates when trying to get the lowest auto insurance rates for real estate agents.
Prices are determined by many different factors and can change substantially, so the best option three years ago may now be quite expensive.
If you aren’t sure which coverage you need and prefer to have some professional guidance when shopping for cheaper insurance for realtors, the agents shown below can help you determine which insurance coverage will be best for you.
To locate a Greensboro insurance agent in your neighborhood, click the button at the bottom of the list.
Pam White – State Farm Insurance Agent
2608 Oakcrest Ave – Greensboro, NC 27408 – (336) 282-1111
Fleszar Insurance Agency
218 S Swing Rd #1 – Greensboro, NC 27409 – (336) 553-2780
The Beacon Insurance Group
1515 W Cornwallis Dr Suite 206 – Greensboro, NC 27408 – (336) 378-0740
Allstate Insurance: H. Kim
W, 5709 W Gate City Blvd #201 – Greensboro, NC 27407 – (336) 547-9330
Godwin Insurance Agency
905 Battleground Ave – Greensboro, NC 27408 – (336) 379-8640