How long has it been since the last time you looked for low-cost insurance rates in Greensboro, NC? Greensboro drivers have lots of choices when trying to find affordable Toyota Matrix insurance. They can either spend hours driving around to get rate comparisons or save time using the internet to get rate quotes. There are both good and bad ways to shop for insurance and you need to know the absolute fastest way to quote coverages for a Toyota and locate the lowest price either online or from Greensboro insurance agents.
The following companies are ready to provide free rate quotes in Greensboro, NC. If your goal is to find cheap car insurance in Greensboro, it’s highly recommended you click on several of them to get the best price comparison.
Insurance rate breakdown
The rate table shown next covers a range of insurance premium costs for Toyota Matrix models. Learning a little about how insurance quotes are figured is important for drivers to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $144 | $322 | $234 | $14 | $70 | $784 | $65 |
| Matrix S 2WD | $164 | $378 | $234 | $14 | $70 | $860 | $72 |
| Matrix S AWD | $164 | $378 | $234 | $14 | $70 | $860 | $72 |
| Matrix XRS 2WD | $164 | $378 | $234 | $14 | $70 | $860 | $72 |
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in specific Greensboro garaging location which can raise or lower auto insurance rates noticeably.
Raise deductibles and save
One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The premium rates below determine the price difference between high and low physical damage deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $168 | $324 | $250 | $14 | $74 | $855 | $71 |
| Matrix S 2WD | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Matrix S AWD | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Matrix XRS 2WD | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Matrix 2WD | $136 | $262 | $250 | $14 | $74 | $736 | $61 |
| Matrix S 2WD | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Matrix S AWD | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Matrix XRS 2WD | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Prices do not factor in vehicle location which can revise coverage rates significantly.
Based on this data, using a $250 deductible costs an average of $10 more each month or $120 each year than choosing the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 25 months between claim filings, you would save money by selecting a higher deductible. The illustration below shows how this decision is made.
| Average monthly premium for $250 deductibles: | $76 |
| Average monthly premium for $500 deductibles (subtract): | – $66 |
| Monthly savings from raising deductible: | $10 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $10 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
The illustration below shows how choosing a deductible and can influence Toyota Matrix insurance costs for each age group. The data is based on a single female driver, full physical damage coverage, and no discounts are applied.
Men versus women drivers and insurance cost
The example below shows the comparison of Toyota Matrix auto insurance costs for male and female drivers. The premiums assume no accidents or driving violations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
Why you need insurance
Even though it’s not necessarily cheap to insure a Toyota in Greensboro, maintaining insurance serves an important purpose.
- Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to be legal. 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 took out a loan on your Toyota, almost all lenders will stipulate that you carry insurance to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your Toyota at a more expensive rate and require you to reimburse them the higher price.
- Insurance safeguards your Toyota and your assets. Insurance will pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if someone files suit against you as the result of an accident. If your Toyota gets damaged, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of having insurance outweigh the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer overpays as much as $750 every year so compare rate quotes at every policy renewal to be sure current rates are still competitive.
Five Tips to Get Cheaper Greensboro Insurance Prices
Smart consumers have a good feel for some of the things that help calculate the price you pay for insurance. If you understand what determines base rates, this enables you to make decisions that may result in much lower annual insurance costs. Many things are part of the calculation when you get a price on insurance. Some are pretty understandable like your driving record, although some other factors are less obvious like where you live or your financial responsibility.
Listed below are some of the things used by your company to calculate premiums.
- Single drivers take more risk – Getting married can actually save you money on insurance. Having a spouse translates into being more mature and responsible and statistics prove drivers who are married file infrequent claims.
- Car insurance liability insurance limits – Liability coverage provides coverage when a jury decides you are liable for personal injury or accident damage. It will provide legal defense which can be incredibly expensive. Liability insurance is pretty cheap when compared with rates for comp and collision, so buy as much as you can afford.
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Costs go up with performance – The make and model of the car you are insuring makes a substantial difference in your rates. Economy passenger cars usually have the lowest rates, but your final cost has many other factors.
The following chart assumes a married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. The data compares Toyota Matrix insurance premiums compared to other models that have a range of performance risks.
- See if your company offers a multi-policy discount – Most insurance companies will give discounts to buyers that have more than one policy. It’s known as a multi-policy discount. Even if you’re getting this discount you may still want to compare other Greensboro Matrix insurance rates to ensure the best deal.
- Frequent policy claims increase insurance rates – If you are a frequent claim filer, you can definitely plan on higher premiums or even policy non-renewal. Insurance companies in North Carolina generally give discounts to policyholders who are claim-free. Your insurance policy is intended to be relied upon for claims that you cannot pay yourself.
Discounts mean cheaper rates for Toyota Matrix insurance in Greensboro
Some insurers don’t always advertise every possible discount very well, so here is a list a few of the more well known as well as some of the hidden credits that may apply to you.
- Multi-car Discount – Having multiple cars or trucks on the same auto insurance policy can get a discount for every vehicle.
- Defensive Driving Course – Taking part in a course that instructs on driving safety could earn you a small percentage discount if your company offers it.
- Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% off the PIP or medical payment premium.
- Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a break if you buy life insurance.
- Drive Less and Save – Driving less could be rewarded with slightly better premium rates than normal.
- Student Discount for Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class in high school.
- Theft Deterrent System – Cars equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
- Discounts for Responsible Drivers – Accident-free drivers could pay up to 40% less compared to rates paid by drivers with frequent claims.
- Government Employees – Active or former government employment may qualify for a discount when you quote Greensboro auto insurance with select insurance companies.
As is typical with insurance, most of the big mark downs will not be given to the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, nobody gets a free ride.
The information below shows the comparison of Toyota Matrix insurance costs with and without policy discounts. Data assumes a male driver, a clean driving record, no claims, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, safe-driver, multi-policy, and homeowner discounts applied.
Auto insurance companies that may offer policyholders some of the above discounts possibly include:
When quoting, ask each company or agent which discounts can lower your rates. Some discounts may not apply to policyholders in your state.
Local neighborhood insurance agents
Many drivers still prefer to buy from a licensed agent and that is a smart decision Licensed agents can help determine the best coverages and help you file claims. One of the benefits of getting free rate quotes online is that drivers can save money and get cheap rate quotes and also buy local.
After filling out this short form, the quote information is instantly submitted to companies in Greensboro who will give you bids for your business. There is no reason to leave your computer since rate quotes are delivered directly to your email. In the event you want to get a rate quote from a specific insurance company, you just need to go to their quote page and submit a quote form there.
Picking the best insurance company is decision based upon more than just a low price. The questions below may impact your decision as well.
- Are you getting all the discounts the company offers?
- How are claims handled?
- Do they specialize in personal lines coverage in Greensboro?
- Is the agent properly licensed in North Carolina?
- Will they take your side in the event of a claim?
Not all car insurance agents are the same
When narrowing the list to find a reputable insurance agent or broker, it can be helpful to understand the different types of agencies and how they are slightly different. Car insurance agents are either exclusive or independent. Either can write car insurance policies, but it is a good idea to know how they are different since it may influence the selection process.
Exclusive Agencies
Exclusive insurance agents normally can only provide a single company’s rates like State Farm, AAA, Farmers Insurance or Allstate. They usually cannot shop your coverage around so they are skilled at selling on more than just price. These agents are highly trained on what they offer which helps overcome the inability to quote other rates. Consumers frequently buy from exclusive agents mainly due to the brand rather than having low rates.
The following is a list of exclusive agents in Greensboro that are able to give rate quotes.
- Adam Lemmert – State Farm Insurance Agent
3711 Elmsley St #106 – Greensboro, NC 27406 – (336) 482-2200 – View Map - Jim Degraphenreid – State Farm Insurance Agent
4218 Hilltop Rd – Greensboro, NC 27407 – (336) 854-1737 – View Map - Steve Kent – State Farm Insurance Agent
3122 Battleground Ave – Greensboro, NC 27408 – (336) 282-5368 – View Map
Independent Insurance Agents
Independent agencies often have affiliation with several companies and that allows them to write policies with an assortment of companies and possibly get better coverage at lower prices. If your agent finds better pricing, the agent simply finds a different carrier and you don’t have to find a new agent.
When searching for an agent, you should always get quotes from independent agents in order to have the best price comparison. Many independent agencies also insure through smaller companies which could offer lower prices.
Below are Greensboro independent agencies that are able to give rate quotes.
- Scott Insurance
628 Green Valley Rd #306 – Greensboro, NC 27408 – (336) 273-6599 – View Map - The Beacon Insurance Group
1515 W Cornwallis Dr Suite 206 – Greensboro, NC 27408 – (336) 378-0740 – View Map - Piedmont Triad Insurance, Inc.
7 Battleground Ct Ste. 224 – Greensboro, NC 27408 – (336) 282-5555 – View Map
Which car insurance company is best in Greensboro?
Choosing a high-quality car insurance company can be a challenge considering how many companies provide coverage in Greensboro. The company rank data shown next could help you select which car insurance companies to look at to insure your vehicles.
Top 10 Greensboro Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Greensboro Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Do the work, save more money
We’ve covered many ways to get a better price on Toyota Matrix insurance in Greensboro. It’s most important to understand that the more you quote Greensboro auto insurance, the better chance you’ll have of finding affordable Toyota Matrix insurance quotes. You may even discover the best prices are with some of the lesser-known companies.
Discount Toyota Matrix insurance in Greensboro can be purchased both online as well as from independent agents in Greensboro, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not offer online price quotes and many times these smaller companies provide coverage only through independent agencies.
As you restructure your insurance plan, it’s not a good idea to buy poor coverage just to save money. In many instances, an insured dropped liability limits or collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at the lowest possible cost while not skimping on critical coverages.
How to buy lower priced Toyota Matrix insurance in Greensboro
It takes a little time, but the best way to find cheaper Toyota Matrix insurance in Greensboro is to compare prices once a year from companies that sell auto insurance in North Carolina. Drivers can shop around by following these guidelines.
- Step 1: Learn about what coverages are included in your policy and the steps you can take to prevent expensive coverage. Many factors that cause rate increases such as at-fault accidents, speeding tickets, and an unfavorable credit rating can be remedied by making minor driving habit or lifestyle changes.
- Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and State Farm, while agents who are independent can provide prices from multiple insurance companies.
- Step 3: Compare the price quotes to your existing coverage to see if a cheaper rate is available in Greensboro. If you find a lower rate, ensure there is no coverage lapse between policies.
- Step 4: Notify your agent or company to cancel your current coverage. Submit a signed application and payment to the new insurer. Make sure you keep your new proof of insurance certificate in your vehicle.
One thing to remember is that you’ll want to compare identical limits and deductibles on every price quote and to quote with every company you can. Doing this provides an apples-to-apples comparison and a thorough price selection.
Additional learning opportunities
- Determining Auto Insurance Rates (GEICO)
- Who Has the Cheapest Auto Insurance Quotes for a Jeep Wrangler in Greensboro? (FAQ)
- Who Has Cheap Greensboro Auto Insurance Quotes for Real Estate Agents? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Toyota Highlander in Greensboro? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Explorer in Greensboro? (FAQ)
- What is Full Coverage? (Allstate)
- Child Safety FAQ (iihs.org)