The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when you are looking for the best coverage prices for active military. To help control this cost, let’s learn about some situations that influence car insurance premiums, and find a way to reduce the cost of the next policy you buy.
One of the more important components that are looked at to determine insurance cost is where your residence is. Regions with larger populations or more claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The following table ranks the highest-priced areas in North Carolina for active military to purchase auto insurance in. Greensboro is ranked at #5 with a yearly premium of $786 for car insurance, which is around $66 each month.
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Rates are estimated as specific location information can modify coverage rates greatly.
The car, truck, or SUV requiring coverage is probably the most important factor when looking for low-cost car insurance for active military. Vehicles with high performance engines, poor crash test ratings, or a track record of large liability claims will cost significantly more to insure than safer models. The next table showcases car insurance prices for a handful of the cheaper vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,094|
|Ford Escape XLS 2WD||$1,197|
|Ford F-150 STX Super Cab 2WD||$1,202|
|Ford Explorer Eddie Bauer 2WD||$1,228|
|Dodge Grand Caravan SE||$1,233|
|Honda Accord LX 4-Dr Sedan||$1,235|
|Chevrolet Malibu LS||$1,296|
|Volkswagen Jetta S 4-Dr Sedan||$1,306|
|Chevrolet Impala LTZ||$1,367|
|Chevrolet Equinox LTZ 2WD||$1,391|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,424|
|Honda Civic DX 4-Dr Sedan||$1,433|
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Prices based on single male 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, safe-driver, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can affect price quotes greatly.
Based on these rates, we can conclude that models like the Honda CR-V, Ford Escape, Ford F-150, and Ford Explorer are most likely to be a few of the less-costly vehicles to insure for military personnel.
Establishing which company quotes the lowest-priced insurance rates for active military will take a little more work than just getting one or two price quotes. Each insurance company has a proprietary formula for setting prices, so to begin we’ll rank the most affordable insurance companies in Greensboro, NC.
It’s a good idea to be aware that Greensboro insurance rates are impacted by many things that control the cost of a policy. Simply turning a year older, getting divorced, or getting a speeding ticket may generate price changes that may make certain companies cheaper than competitors.
Lowest Insurance Price Quotes for Military
Progressive quotes some of the lowest car insurance rates in Greensboro at around $651 a year. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National also are some of the cheapest Greensboro, NC insurance companies.
As shown in the table above, if you buy coverage from Liberty Mutual and switched to Progressive, you could earn a yearly savings of upwards of $56. Insureds with NC Farm Bureau may save as much as $58 a year, and Penn National policyholders might reduce prices by as much as $66 a year.
Remember that these policy prices are averaged across all drivers and vehicles and and are not figured with an exact zip code location for active military. So the car insurance company that fits you best may not even be in the top 20 companies shown above. That is why you need to get car insurance quotes using your own driver and vehicle profiles.
Rate increases following a ticket or accident
The easiest method to score low insurance premiums in North Carolina for military personnel is to pay attention while driving and avoid at-fault accidents and violations. The information below illustrates how speeding tickets and fender-benders can impact auto insurance rates for different age groups. The data is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
In the example above, the average cost of an auto insurance policy in Greensboro per year with a clean driving record and no accidents is $1,108. Factor in two speeding tickets and the average cost hikes up to $1,576, an increase of $468 each year. Then throw in two accidents along with the two speeding tickets and the yearly cost of insurance for active military increases to an average of $3,231. That’s an increase of $2,123, or $177 per month, just for not driving carefully!
How to get discounts on Greensboro insurance
Insurance companies that provide policies for active military may also offer special discounts that can lower rates by 30% or more if you qualify for them. A few popular companies and some of the premium reductions they offer can be found below.
- State Farm discounts include multiple autos, Drive Safe & Save, accident-free, driver’s education, and good driver.
- Farmers Insurance offers discounts for youthful driver, distant student, business and professional, electronic funds transfer, and homeowner.
- Progressive offers premium reductions for continuous coverage, homeowner, online signing, good student, online quote discount, and multi-policy.
- GEICO offers discounts including defensive driver, emergency military deployment, membership and employees, anti-lock brakes, and multi-vehicle.
- Auto-Owners Insurance policyholders can earn discounts including safe vehicle, anti-lock brakes, multiple vehicles, paid in full, air bags, and group or association.
- The Hartford may include discounts for bundle, vehicle fuel type, driver training, good student, and anti-theft.
- Farm Bureau may offer discounts for driver training, multi-policy, good student, multi-vehicle, safe driver, and youthful driver.
- USAA has discounts for new vehicle, vehicle storage, multi-vehicle, annual mileage, driver training, and defensive driver.
The diagram below illustrates the comparison of car insurance rates with and without discounts applied. The price estimates are based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with defensive driving course, passive restraint, vehicle safety, safe-driver, marriage, and accident-free discounts applied. When discounts are applied, the average savings per year on insurance for active military is 28% or $373.
Picking the top insurance provider is hard considering how many companies provide coverage in Greensboro. The information listed below can help you choose which auto insurance companies to look at when shopping your coverage around.
These ratings only include the companies with a significant amount of written premium nationwide, so smaller regional companies are not included in the list. If you wish to compare prices from these and other top-rated companies, follow this link.
Top 10 Major Car Insurance Companies in Greensboro Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Top 10 Major Car Insurance Companies in Greensboro Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
How to find budget-friendly car insurance for active military
The list below shows some thrifty ideas that can help North Carolina drivers quote cheap car insurance.
- The safer your car, the less it costs to insure
- Avoid price increases by not filing claims
- Just one traffic violation will increase your rates
- Avoid at-fault accidents and claims
- Good credit can mean cheaper rates
- Compare quotes from other companies often
The final tip is extremely valuable, as we discussed in this piece. Insurance prices in Greensboro can be adjusted at any time, so drivers shouldn’t be resistant to switch companies if a more affordable price is available.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that dedication is costing major coinage every year. If you have a few minutes, compare rates and find cheaper car insurance for active military.