This would be a much quicker read if we could just tell you the one best company that has the cheapest rate quotes in North Carolina. It’s just not that easy, however, as there are many unknown aspects like your credit history, the number of miles you drive in a year, what physical damage coverage deductibles you want, and the amount of coverage you want, that all impact the cost of your policy. In this article, we will teach you about the different scenarios that increase car insurance cost and will hopefully give you a good beginning to your quest for cheaper car insurance.
The make and model of vehicle requiring insurance is one of the largest factors when quoting the most affordable auto insurance for safe drivers. Vehicles with higher performance, a lack of advanced safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The information below shows coverage prices for a number of the cheaper automobiles to insure in North Carolina.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Dodge Grand Caravan SE||$1,203|
|Honda CR-V EX 2WD||$1,212|
|Ford Escape XLT 2WD||$1,217|
|Ford Focus SE 4-Dr Sedan||$1,250|
|Chevrolet Impala LT||$1,273|
|Toyota Camry LE||$1,280|
|Ford Fusion S 4-Dr Sedan||$1,273|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,310|
|Honda Civic EX 4-Dr Sedan||$1,317|
|Toyota Tacoma X-Runner 2WD||$1,341|
|Toyota Corolla XLE||$1,348|
|Ford F-150 XLT Super Cab 4WD||$1,349|
|Chevrolet Malibu LTZ||$1,364|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$1,370|
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in your specific Greensboro, NC location which can increase or decrease rates noticeably.
By looking at the data, you can see that models like the Dodge Grand Caravan, Honda CR-V, Ford Escape, and Ford Focus are going to be some of the most economical vehicles to insure for good drivers.
For good drivers, one of the big components that are looked at to determine the amount you pay for auto insurance is your address. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The illustration below sorts the highest-priced areas in North Carolina for safe drivers in which to purchase auto insurance. Greensboro makes the list at #7 with an annual cost of $763 for car insurance, which is about $64 per month.
|Rank||City||Premium Per Year|
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Annual rates are estimated as specific location information can influence premiums greatly.
Deciphering which insurers offer the most affordable car insurance rates for safe drivers involves a tad more effort in order to find the lowest price.
Every car insurance company has a proprietary formula to establish rates, so we will examine the most budget-friendly car insurance companies in North Carolina.
Find Cheaper Auto Insurance for Safe Drivers
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$709|
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Progressive offers some of the cheapest car insurance rates in Greensboro at around $632 a year. This is $240 less than the average rate paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual also qualify as some of the lowest-priced Greensboro, NC auto insurance companies.
As shown in the table above, if you currently buy coverage from Penn National and switched to Progressive, you might realize annual savings of about $85. Policyholders with Liberty Mutual may save as much as $89 a year, and GEICO customers might reduce prices by as much as $96 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or visit several of the following companies.
Bear in mind that those prices are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact location for safe drivers. So the auto insurance company that fits you best may not even be in the top 20 companies shown above. That is why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Cost difference between full coverage and liability
Buying cheaper car insurance should be important to the majority of people, and an easy way to buy cheaper insurance for safe drivers is to not pay for full coverage. The chart below illustrates the comparison of insurance prices when comparing full coverage to liability only. The data is based on a clean driving record, no claims, $100 deductibles, single marital status, and no other discounts are factored in.
If we average all the age groups together, full coverage costs an additional $1,434 per year more than just insuring for liability. At some point, almost every driver questions if full coverage is worth the money. There is no clear-cut rule to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
Choosing a good quality insurance company can be rather challenging considering how many choices you have in North Carolina. The ranking data shown below could help you choose which car insurance companies to look at when comparing rates. The ratings below are only comprised of the largest companies in the United States, so companies that focus mainly on North Carolina business will not be included in the list.
Top 10 Large Auto Insurance Companies in Greensboro Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Large Auto 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%
How to find cheaper car insurance for safe drivers
Here are some of the better money-saving ideas that can help drivers quote cheaper auto insurance.
- Buy safe vehicles
- Pay less by remaining claim-free
- Do not get traffic citations
- Don’t waste money on full coverage for older vehicles
- Save money by insuring your home and auto with the same company
- Avoid accidents and claims
- Ensure you have the best deal by shopping around regularly
That final tip is incredibly significant, as was stressed in this article. Rates in Greensboro fluctuate constantly, so don’t be hesitant to buy from a different company if you can save money. Loyalty to a specific company is fine, but is isn’t recommended if that dedication is costing hundreds every year. It takes less than five minutes to compare prices and find cheaper car insurance for safe drivers.
The agencies below can help you determine which auto insurance policy fits you best, since some drivers wish to get help from a professional when comparing insurance rates for safe drivers. It can be difficult to find coverage yourself, and getting advice from a licensed agent can provide satisfaction knowing your coverage gives you suitable coverage if you have an accident. To find a Greensboro insurance agency in your neighborhood, click the button below the list or click here to compare price quotes.
Southeastern Agency Group Inc
1501 Highwoods Blvd # 301 – Greensboro, NC 27410 – (336) 218-7470
628 Green Valley Rd #306 – Greensboro, NC 27408 – (336) 273-6599
Godwin Insurance Agency
905 Battleground Ave – Greensboro, NC 27408 – (336) 379-8640
Charlie Ganim – State Farm Insurance Agent
2008 New Garden Rd – Greensboro, NC 27410 – (336) 282-9229