Best Ways to Save on Greensboro, NC Auto Insurance

Are you irritated from not being able to afford to buy car insurance? You are in the same boat as most other drivers in North Carolina.

Everyone knows that insurance companies don't want you comparing rates. Consumers who shop around for a cheaper policy are likely to switch to a new company because of the high probability of finding a more affordable policy. Remarkably, a study showed that people who compared rates regularly saved on average $3,450 over four years as compared to drivers who never compared other company's rates.

If finding the best rates on car insurance in Greensboro is your intention, learning how to quote prices and compare insurance coverage can save money and time.

Many insurers vie to insure your vehicles, so it can be very hard to choose a insurer and get the best coverage at the best price available on car insurance.

Consumers should take time to compare premium rates at least once a year because prices are variable and change quite frequently. If you had the best deal on car insurance at your last renewal there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about car insurance because we're going to demonstrate the only way to eliminate unnecessary coverages and save money on car insurance.

The quickest method to get rate comparisons utilizes the fact almost all companies provide online access to give free rates quotes. The one thing you need to do is provide a little information such as level of coverage desired, whether the vehicles are used for commuting, if you went to college, and if your license is active. Your details is submitted instantly to insurance carriers in your area and they return quotes immediately.

To start a rate quote now, click here and find out if lower rates are available in Greensboro.

The auto insurance companies shown below can provide free quotes in Greensboro, NC. If you want cheaper auto insurance in Greensboro, NC, we suggest you visit as many as you can in order to find the lowest rates.

Auto Insurance Rates for Popular Vehicles in Greensboro
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $666 $333 $56
Chevrolet Malibu Hybrid $786 $393 $66
Chevrolet Silverado LS Crew Cab 2WD $902 $451 $75
Dodge Ram Quad Cab SLT 4WD $854 $427 $71
Ford Edge SEL 2WD $770 $385 $64
Ford Escape XLS 2WD $666 $333 $56
Ford Explorer Eddie Bauer 4WD $804 $402 $67
Ford F-150 XL Crew Cab 4WD $756 $378 $63
Ford Focus SE 2-Dr Coupe $884 $442 $74
Honda Accord EX 2-Dr Coupe $884 $442 $74
Honda CR-V EX 4WD $682 $341 $57
Honda Civic DX 2-Dr Coupe $914 $457 $76
Jeep Wrangler Sport Islander Package 4WD 2-Dr $722 $361 $60
Nissan Altima 3.5 SR 2-Dr Coupe $950 $475 $79
Toyota Camry XLE $834 $417 $70
Toyota Corolla XRS $852 $426 $71
Get Rate Quotes for Your Vehicle Go

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in Greensboro location which can affect coverage rates substantially.

Why you need quality insurance for your vehicle

Despite the potentially high cost of auto insurance, auto insurance is required by state law in North Carolina and it also provides benefits you may not be aware of.

  • Just about all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability in order to drive the car. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your vehicle, it's most likely the lender will have a requirement that you carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your vehicle at a significantly higher premium and force you to reimburse them a much higher amount than you were paying before.
  • Auto insurance protects not only your car but also your financial assets. It will also reimburse you for medical expenses incurred in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle gets damaged, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of buying auto insurance greatly outweigh the cost, specifically if you ever have a liability claim. An average driver in America is currently overpaying as much as $825 a year so smart consumers compare quotes once a year at a minimum to ensure rates are inline.

Price influencing factors

Many factors are used in the calculation when quoting car insurance. A few of the factors are predictable such as your driving record, although some other factors are less apparent such as your credit history or your vehicle rating. The best way to find cheaper car insurance is to take a look at the rating factors that are used to determine the price you pay for car insurance. If you understand what determines base rates, this helps enable you to make changes that will entitle you to lower premium levels.

The list below includes some of the major factors car insurance companies consider when setting rates.

  • Car and home together may be cheaper - Most larger insurers will award lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even fifteen percent. Even though this discount sounds good, it's always a smart idea to shop around to help ensure you have the lowest rates. Drivers may still save even more than the discount by insuring with multiple companies.
  • Vehicles with better crash test results are cheaper to insure - Vehicles that have high safety ratings can get you lower premiums. These vehicles reduce occupant injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your car, truck, or SUV has ratings of a minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org you may qualify for a discount.
  • Poor credit decisions can cost you - Having a good credit history is a big factor in determining premium rates. Therefore, if your credit can be improved, you may save money insuring your vehicle if you clean up your credit. People with very high credit ratings tend to be more responsible and file fewer claims than those with lower credit scores.
  • Older drivers pay less - Mature drivers tend to be more responsible, cause fewer claims and accidents, and are generally more financially stable. Beginning drivers are statistically proven to be inattentive and easily distracted when at the wheel of a vehicle so car insurance rates are higher.
  • Certain occupations raise rates - Do you work in a high-stress field? Careers such as military personnel, executives, and miners have higher rates than the rest of us due to high stress and incredibly demanding work hours. On the flip side, careers such as farmers, students and performers get better rates.
  • Pay more by driving carelessly - Only having one citation can increase rates substantially. Attentive drivers get better rates as compared to those with violations. Drivers who have gotten multiple tickets like DUI, reckless driving or excessive speeding may need to submit a SR-22 form with their state's department of motor vehicles in order to prevent a license revocation.
  • Low deductibles mean high rates - The deductibles are how much the insured will be required to pay if a claim is determined to be covered. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of claims that would be covered are collision with another vehicle, damage caused by hail, and damage from wind. The higher the amount you have to pay, the less money you will pay for car insurance.
  • How much liability protection - The liability section of your policy kicks in if you are found to be at fault for physical damage or personal injury to other. It provides legal defense coverage which can cost thousands of dollars. It is affordable coverage compared to comp and collision, so drivers should carry high limits.

There's no such thing as the perfect car insurance policy

When it comes to your policy, there isn't really a "best" method to buy coverage. Each situation is unique so your insurance needs to address that.Safe vehicles cost less to insure For example, these questions might point out whether your personal situation would benefit from professional advice.

  • Why do I only qualify for high-risk insurance?
  • Is there a penalty for late payment?
  • Am I covered by my employer's commercial auto policy when driving my personal car for business?
  • What is no-fault insurance?
  • Is coverage enough to protect my assets?
  • What are the best liability limits?
  • Do I have coverage when making deliveries for my home business?
  • What if a claim settlement is too low?

If you don't know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. If you don't have a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

Best and worst vehicle claim statistics

Which vehicles tend to have high claims? The following tables show the best and worst vehicles for likelihood of having claims organized by coverage.

Medical Payment Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Land Rover Range Rover Sport Nissan Versa
Chevrolet Corvette Chevrolet Sonic
Ford F-350 SuperCrew Chrysler 200
Ford Expedition Kia Forte
Ford F-250 SuperCrew Mitsubishi Lancer
Chevrolet Silverado 2500 Mitsubishi Mirage

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Mercedes-Benz SL Class Chevrolet Impala
Volvo XC60 Dodge Charger
Subaru Forester Kia Optima
Subaru Outback Chevrolet Sonic
Fiat 500 Chrysler 200
Chevrolet Corvette Hyndai Accent

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Make and Models with the Lowest and Highest Comprehensive Claims
Lowest Claim Amount Highest Claim Amount
Ford F-350 Mercedes-Benz S Class
Chevy Spark Porsche Panamera GTS
GMC Sierra 2500 Maserati Quattroporte
Smart ForTwo BMW M6
Chevy Silverado 2500 Audi S7
Nissan Xterra BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car Insurance Collision Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
GMC Canyon Maserati Granturismo
Jeep Wrangler Bentley Continental Flying Spur
Ford Edge Nissan GT-R
Mini Cooper Bently Continental GTC
Chevrolet Colorado Ferrari 458
Ford F-250 SuperCab Audi RS7

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

One last thing about your coverage

Affordable auto insurance in Greensboro is possible on the web in addition to many Greensboro insurance agents, so you should compare both in order to have the best chance of saving money. Some companies may not provide rate quotes online and most of the time these smaller companies only sell coverage through independent agents.

When buying insurance coverage, don't be tempted to buy poor coverage just to save money. There have been many situations where consumers will sacrifice full coverage and found out when filing a claim that they should have had better coverage. The proper strategy is to buy the best coverage you can find at an affordable rate.

Steps to finding the cheapest rates for auto insurance in Greensboro

The preferred way to get affordable auto insurance rates is to compare quotes once a year from companies who sell auto insurance in Greensboro.

  • Step 1: Read and learn about policy coverages and the changes you can make to prevent expensive coverage. Many policy risk factors that cause high rates such as speeding tickets, careless driving and a poor credit rating can be rectified by being financially responsible and driving safely.
  • Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices from multiple insurance companies.
  • Step 3: Compare the quotes to your existing coverage to determine if switching companies saves money. If you can save some money and change companies, ensure there is no coverage lapse between policies.
  • Step 4: Provide adequate notice to your current company to cancel your current car insurance policy and submit any necessary down payment along with the completed application to the new insurer. Once the application is submitted, keep the new certificate verifying coverage with the vehicle registration.

The most important part of this process is that you'll want to make sure you compare the same coverage limits and deductibles on every price quote and and to get rates from as many companies as possible. This guarantees an apples-to-apples comparison and the best rate selection.

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