Who Has the Cheapest Greensboro Auto Insurance for Electric Cars?

The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when comparison shopping for the best car insurance rates for electric cars. Because it’s not cheap, let’s learn about some situations that influence auto insurance premiums, and come up with some ideas to lower the price of your next policy.

For eco-friendly vehicles, one of the largest criteria that aid in calculating the amount you pay each year for auto insurance is where your car is garaged. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.

The next table shows the highest-priced areas in North Carolina for electric cars to buy car insurance in. Greensboro shows up at #8 with the annual price of $756 for the average policy, which is approximately $63 monthly.

How much is auto insurance in Greensboro, NC?
Rank City Annual Premium
1 Fayetteville $896
2 Jacksonville $873
3 Charlotte $808
4 Wilmington $781
5 Gastonia $779
6 Cary $772
7 Durham $765
8 Greensboro $756
9 High Point $753
10 Huntersville $742
11 Raleigh $737
12 Goldsboro $735
13 Indian Trail $731
14 Greenville $730
15 Wilson $724
16 Hickory $718
17 Rocky Mount $718
18 Apex $717
19 Winston Salem $709
20 Chapel Hill $703
21 Burlington $692
22 Salisbury $684
23 Concord $676
24 Kannapolis $669
25 Asheville $667
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Table data uses comparative as the specific Greensboro residence address can modify prices considerably.

The type of vehicle requiring coverage is probably the biggest factor when trying to find low-cost auto insurance for electric cars. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost less to insure than high performance models.

The data below showcases car insurance costs for a selection of the most cost-effective vehicles to buy coverage for.

Cheapest Vehicles to Insure in Greensboro, NC
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,011
Toyota Prius $1,122
Honda CR-V EX-L 4WD $1,170
Chevrolet Impala LT $1,199
Toyota RAV4 Limited 4WD $1,207
Nissan Altima 2.5 4-Dr Sedan $1,199
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,235
Ford Explorer XLT AWD $1,285
Chevrolet Silverado LT Crew Cab 4WD $1,291
Ford Focus S 4-Dr Sedan $1,285
Dodge Grand Caravan SE $1,295
Ford F-150 FX2 Super Cab 2WD $1,285
Toyota Tacoma 2WD $1,295
Chevrolet Malibu LS $1,313
Ford Edge Limited 2WD $1,319
GMC Sierra SL Extended Cab 2WD $1,349
Jeep Grand Cherokee Laredo 4WD $1,356
Toyota Camry Hybrid $1,369
Honda Odyssey EX-L W/Navigation $1,385
Toyota Corolla LE $1,394
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price information does not factor in specific location which can alter insurance rates significantly.

Based upon these rates, you can see that models like the Ford Escape, Toyota Prius, and Honda CR-V are most likely going to be a few of the cheapest vehicles to insure for eco-friendly vehicles.

Finding out which company quotes the cheapest insurance rates for electric cars calls for a little more sweat than just picking a company at random.

Each auto insurance company uses different criteria to set premium rates, so let’s rank the insurance companies with the overall best prices in Greensboro. It’s important to understand that Greensboro insurance rates are based on many factors which can significantly increase or decrease the price you pay. Simply getting older, buying a different vehicle, or getting a few speeding tickets may cause policy rate changes that can cause some rates to be much cheaper than others.

Best Auto Insurance Prices for EV’s

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North Carolina car insurance ranked by cost per year
Rank Company Cost Per Year
1 Progressive $639
2 Utica National $662
3 Liberty Mutual $700
4 NC Farm Bureau $716
5 Penn National $747
6 GEICO $750
7 Titan $759
8 State Farm $772
9 Auto-Owners $870
10 National General $890
11 Erie $895
12 Allied $901
13 Travelers $936
14 Peerless $962
15 MetLife $1,007
16 Nationwide $1,041
17 Unitrin $1,042
18 Safeco $1,044
19 Allstate $1,064
20 Encompass $1,073
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Progressive may have some of the lowest car insurance rates in Greensboro at around $639 each year. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National would also be considered some of the lowest-priced Greensboro, NC insurance companies.

As shown in the table above, if you are a customer of NC Farm Bureau and switched to Progressive, you may realize a yearly price reduction of upwards of $77. Policyholders with Penn National might save as much as $108 a year, and GEICO customers might see rate reductions of $111 a year.

To get a quick, customized rate comparison, click here to get quotes or visit any of the low-priced companies below.

It’s important to note that these policy rates are averaged across all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for electric cars. So the company that is best for you may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver and vehicle information.

Insuring your vehicle with the highest-rated insurance company can be difficult considering how many different companies insure vehicles in North Carolina. The rank data shown below may help you select which providers to look at when comparing rate quotes. These rankings are only comprised of companies that insure vehicles nationwide, so companies without a large exposure are not factored into these rankings.

Top 10 Major Auto Insurers in Greensboro Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Top 10 Major Auto Insurers in Greensboro Ranked by Value

  1. Travelers
  2. American Family
  3. AAA Insurance
  4. Safeco Insurance
  5. Progressive
  6. The Hartford
  7. The General
  8. 21st Century
  9. Esurance
  10. Titan Insurance

Liability rates compared to full coverage

Finding cheaper insurance is probably important to the majority of vehicle owners, and one great way to lower the cost of insurance for electric cars is to not pay for full coverage. The diagram below compares premium costs with and without full coverage. The premiums are based on no violations or claims, $500 deductibles, single marital status, and no additional discounts are factored in.

Averaged out for all age groups, comp and collision coverage costs an additional $1,573 per year over having just liability coverage. Many people question if paying for full coverage is a waste of money. There is no specific rule to eliminate full coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

There are some scenarios where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Reckless driving habits raise insurance rates

A great way to find cheap insurance rates in North Carolina for eco-friendly vehicles is to drive safe and maintain a clean driving record. The chart below shows how violations and at-fault fender-benders drive up insurance rates for different categories of driver ages. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

In the previous chart, the average cost of auto insurance in North Carolina per year with a clean driving record and no accidents is $1,453. Factor in one speeding ticket and the average cost swells to $1,634, an increase of $182 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance for electric cars jumps again to an average of $3,156. That’s an increase of $1,703, or $142 per month, just for being a less-than-perfect driver!

How to find budget-friendly auto insurance for electric cars

The list below shows many money-saving ideas that can help Greensboro drivers quote cheap coverage.

The last tip in the list is highly significant, as was discussed in the prior information. Car insurance prices in Greensboro change a lot, so drivers shouldn’t be reluctant to change to a new company if a more affordable rate is found.

Having brand loyalty is commendable, but it isn’t a good idea if it’s costing you money that could be used for better things. In just a couple of minutes you could compare prices and find cheaper insurance for electric cars.

The insurance agencies below can answer your questions and help you decide which policy fits your needs best, since lots of people like to get some professional input when shopping for the best coverage for electric cars. It can be hard to find coverage yourself, and getting advice from a licensed agent can provide peace of mind knowing your policy gives you enough coverage when you need it. To locate a Greensboro auto insurance agent close to you, click the button link following the list or click here to compare rates now.

Godwin Insurance Agency
905 Battleground AveGreensboro, NC 27408(336) 379-8640

John Klopp – State Farm Insurance Agent
401 Battleground AveGreensboro, NC 27401(336) 268-9000

Reese Insurance
202 N. Van Buren Road Suite C, Eden, NC 27288Greensboro, NC 27407(336) 292-1963

Steve Kent – State Farm Insurance Agent
3122 Battleground AveGreensboro, NC 27408(336) 282-5368

Keith Kepler – State Farm Insurance Agent
1603 Westover Terrace aGreensboro, NC 27408(336) 294-4341

View more Greensboro, NC insurance agents