The make and model of vehicle you are trying to insure is probably the largest consideration when quoting the cheapest auto insurance for drivers requiring a SR22. Vehicles with high performance, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than more modest models.
The information below shows coverage prices for a number of the most cost-effective automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$3,702|
|Honda CR-V LX 4WD||$3,758|
|Volkswagen Jetta S 2.5 Station Wagon||$4,001|
|Ford F-150 STX Regular Cab 4WD||$4,250|
|Ford Explorer XLT 2WD||$4,278|
|Chevrolet Equinox LT AWD||$4,339|
|Jeep Grand Cherokee Laredo 2WD||$4,346|
|Dodge Grand Caravan SXT||$4,379|
|Toyota Tacoma 2WD||$4,435|
|Honda Odyssey EX W/Rear Entertainment||$4,444|
|Chevrolet Impala LT||$4,449|
|Chevrolet Malibu LS||$4,484|
|Toyota RAV4 4WD||$4,492|
|Nissan Altima 2.5 4-Dr Sedan||$4,484|
|Toyota Camry SE||$4,533|
|Ford Focus SES 4-Dr Sedan||$4,639|
|Ford Edge Sport AWD||$4,688|
|Hyundai Elantra GLS 4-Dr Sedan||$4,695|
|GMC Sierra SLT Extended Cab 2WD||$4,695|
|Toyota Corolla XRS||$4,705|
|Hyundai Sonata GLS 4-Dr Sedan||$4,718|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$4,768|
|Start a Quote Go|
Data assumes married male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rate information does not factor in zip code location which can lower or raise auto insurance rates considerably.
By looking at the data, you can expect models like the Ford Escape, Honda CR-V, Toyota Prius, and Volkswagen Jetta should be a few of the cheapest vehicles to insure for high risk drivers. Prices will tend to be higher because there is a higher risk for drivers requiring a SR22, but overall those specific models will most likely have the lowest insurance rates that you are likely to find.
Finding cheap car insurance is not the easiest thing to do, and figuring out which company has the cheapest insurance rates for drivers requiring a SR22 takes a little more work. Every car insurance company has a unique approach for determining rates, so we’ll go over the overall cheapest insurance companies in Greensboro, NC.
Cheapest Insurance Rates for SR22 Drivers
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$709|
|Get Personalized Rates Go|
Progressive offers some of the lowest car insurance rates in Greensboro at around $632 each year. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual also qualify as some of the cheaper Greensboro, NC insurance companies.
In this example, if you currently have a policy with NC Farm Bureau and switched to Progressive, you could earn annual savings of approximately $77. Policyholders with Penn National might save as much as $85 a year, and Liberty Mutual customers might lower prices by up to $89 a year.
It’s important to note that these policy rates are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact zip code location for drivers requiring a SR22. So the insurer that can offer you the best price may not even be in the top 20 companies shown above. That point stresses why you need to compare prices as often as possible using your own personal information and vehicle type.
Ratings for Greensboro insurance companies
Buying coverage from the top insurance provider can be challenging considering how many choices you have in North Carolina. The ranking data displayed below can help you pick which insurers to look at comparing prices from.
The ratings below only include companies that write coverage in many states, so companies that only write business in North Carolina or surrounding areas will not be included in these rankings. To compare prices and find cheaper insurance for drivers requiring a SR22, click here.
Top 10 Major Auto Insurers in Greensboro Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Major Auto Insurers Overall in Greensboro
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
How to get discounts on Greensboro insurance
Insurers that provide coverage for drivers requiring a SR22 may also give you rate discounts that may potentially lower prices by 25% or more if you are eligible. Larger insurance companies and the discounts they provide can be read below.
- GEICO offers premium reductions for five-year accident-free, good student, air bags, daytime running lights, driver training, military active duty, and multi-vehicle.
- Travelers offers discounts for hybrid/electric vehicle, student away at school, multi-car, early quote, and new car.
- Farm Bureau may have discounts that include good student, multi-policy, multi-vehicle, renewal discount, and safe driver.
- Liberty Mutual may include discounts for preferred payment discount, hybrid vehicle, new vehicle discount, good student, new graduate, newly retired, and safety features.
- American Family discounts include multi-vehicle, accident-free, defensive driver, bundled insurance, mySafetyValet, good student, and good driver.
- Progressive may offer discounts for homeowner, online signing, multi-vehicle, good student, online quote discount, continuous coverage, and multi-policy.
The example below visualizes the comparison of premium costs with and without policy discounts. The data is based on a male driver, one accident and three citations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with vehicle safety, multiple policy, passive restraint, continuous coverage, multiple vehicle, and paperless filing discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for drivers requiring a SR22 is 28% or $730.
How to find budget-friendly insurance for drivers requiring a SR22
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help drivers get cheaper car insurance.
- Drop full coverage on older vehicles
- Buy a vehicle with excellent safety ratings
- Better credit rating means better rates
- Do not get into accidents
- Buying your home and auto policies from the same company can earn a discount
- Compare rate quotes often
That last tip is notably necessary, as was affirmed in this piece. Insurance prices change frequently, so don’t be afraid to change to a new company if you find a cheaper price. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if it’s costing you big bucks every year. If you have a few minutes, shop around and find cheaper insurance for drivers requiring a SR22 in Greensboro.
The insurance agencies listed below can probably answer your questions and help you decide which insurance coverage you need, as lots of drivers aren’t clear which coverage they need and would like to have professional advice when shopping for the best coverage for drivers requiring a SR22. It can be hard to find the best policy yourself, and a licensed agent can add peace of mind knowing you have adequate protection in case of an accident or claim. To locate an agency nearest to you, click the button link following the list.
Charlie Ganim – State Farm Insurance Agent
2008 New Garden Rd – Greensboro, NC 27410 – (336) 282-9229
State Farm: Ashley Collins
w ste b 27403, 1610 W Friendly Ave – Greensboro, NC 27403 – (336) 274-7900
Triad Insurance Partners
905 McClellan Pl – Greensboro, NC 27409 – (800) 701-5909
Necota Smith Jr – State Farm Insurance Agent
2607 Randleman Rd Ste B – Greensboro, NC 27406 – (336) 274-1983
TOM NEEDHAM INSURANCE AGENCY
3411-B W Wendover Ave – Greensboro, NC 27407 – (336) 855-1223