AutoInsuranceEZ.com
Fast, Free Quotes, Instant Savings

CALL FOR QUOTES:
1-855-812-8395

FIND THE CHEAPEST INSURANCE QUOTES IN YOUR AREA
Yes No

Are you looking for auto insurance in Greensboro? From AutoInsuranceEZ.com, you could get the cheapest insurance premiums in your city. In order to obtain free car insurance estimates available from the very best providers today, type in your postal code into the quote box in this article.

Greensboro didn’t always go by the name most people use today. Back in the late 1700’s it was known as New Garden, and historians were already writing about what a great town it was to live in. In later years the transportation and textile industries became major players in the city’s economy. Recently, the US Department of Energy bestowed Greensboro with an entry into the prestigious “Clean Cities Hall of Fame.”

  • Time for a fun fact: were you aware that Greensboro is #68 on the list of “Top 100 cities with largest land areas (pop. 50,000+)”?

Auto Insurance Coverage Requirements in North Carolina

Driving legally in Greensboro requires:

Coverage Requirements Most Common
Bodily Injury Liability 30,000/60,000 100,000/300,000
Property Damage Liability 25,000 50,000
Uninsured Motorist Bodily Injury 30,000/60,000 100,000/300,000
Medical Payments Not required 2,000
Collision Not required 250 deductible
Comprehensive Not required 0 deductible

While you may only be required to purchase minimum mandatory coverage, keep in mind that this won’t protect you financially in every situation. And depending on how you are paying for your car, you might have no choice but to purchase additional coverage. Some lenders require it for financed vehicles.

While some estimates claim that the average monthly insurance premium for North Carolina drivers can be as high as $88, our research shows that Greensboro motorists can get insured for as little as $29/mo* if they know how to shop around.

Average Monthly Auto Insurance Premiums Legend: Greensboro Allied State Farm Nationwide Allstate 5 10 15 20 25 30 35 $24 $23 $34 $36

 

It looks as though either Allied or State Farm are offering some of the lowest rates in Fayetteville right now. Keep in mind, though, that a car insurance provider’s overall success involves a lot more than just offering low premiums. You have to do your homework and make sure that they also provide stellar customer service and an easy claims process.

Auto insurance carriers contemplate different factors when establishing quotes, such as gender, driving violations, credit score/rating, miles driven each year, and multiple cars and drivers. Also keep in mind that premiums differ from carrier to carrier. To find out if you’re still paying the best price, do a comparison of cheap Greensboro auto insurance estimates online.

Major Car Insurance Factors in Greensboro

At the time your automobile insurance provider sits down to build your insurance policy, they take quite a few aspects into mind. A few of these, just like your age or your precise region, are difficult to modify. Here are various additional examples:

  • Your Zip Code

The spot where you store your automobile each night will probably have a serious impact on your auto insurance rate. Generally, auto insurance is cheaper in rural areas merely because a lesser number of cars signifies a smaller likelihood that you will get in an accident with another vehicle. The populace of Greensboro is 279,639 and also the average household earnings are $41,150.

Auto Insurance by Zip Code Legend: Charlotte Durham Greensboro Raleigh Winston-Salem Allied State Farm Nationwide Allstate 5 10 15 20 25 30 35 $25 $22 $24 $25 $22 $25 $18 $23 $21 $21 $35 $29 $34 $34 $30 $38 $28 $36 $32 $30

 

  • Automotive Accidents

If you happen to live in an area with a high rate of fatal accidents, you can expect to pay more for your monthly insurance costs. The statistics for Greensboro are listed above. If you have any concerns about those numbers, then it would be a good idea to get in touch with your insurance company to figure out how it’s affecting your rate.

Fatal Accidents in Greensboro, NC Legend: Greensboro Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 5 10 15 20 25 30 35 40 45 24 37 9 26 47 5

 

  • Auto Thefts in Greensboro

Auto theft can be a serious problem, particularly in populous urban centers. If your locale and/or vehicle model put you at a greater risk for theft, you might have issues finding low-cost car insurance. The total number of stolen vehicles in Greensboro was 502 for the year of 2013. So the good news is that the numbers are dropping. But only Comprehensive coverage will allow you to file a claim on a stolen car.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Allied State Farm Nationwide Allstate 10 20 30 40 50 60 70 80 90 100 110 $24 $78 $23 $75 $34 $92 $36 $111

 

  • Your Credit Score

Auto insurance providers put a lot of stock into your credit score. The better your credit, the lower your rate will be. However, having a poor credit score can significantly raise your rates. As you can see in the chart, some companies will charge you double the rate of someone with excellent credit.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Allied State Farm Nationwide Allstate 5 10 15 20 25 30 35 $23 $30 $19 $36 $32 $36 $33 $36

 

  • Your Age

It can be very exciting to earn your license and start driving for the first time as a teenager. Unfortunately, teenage drivers are also much riskier drivers, and cause more accidents than older, more experienced motorists. But there are good student and Driver’s Ed discounts that you can – and should – look into.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Allied State Farm Nationwide Allstate 10 20 30 40 50 60 70 80 90 $24 $77 $23 $68 $34 $40 $36 $94

 

  • Your Driving Record

As you can obviously tell from this chart, the cleaner your driving record is, the lower your monthly rate will be. If you have many violations, or serious citations, you will pay substantially more each month, or have your insurance discontinued altogether.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Allied State Farm Nationwide Allstate 15 30 45 60 75 90 105 120 135 $24 $34 $93 $36 $23 $35 $92 $35 $34 $49 $142 $49 $36 $50 $143 $50

 

  • Your Vehicle

Luxury vehicles are much more expensive to insure than your standard, run-of-the-mill compact sedan. This is true both because of expensive replacement/repair costs, and because they require much more comprehensive coverage.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Allied State Farm Nationwide Allstate 10 20 30 40 50 60 70 80 90 100 110 $24 $82 $23 $78 $34 $105 $36 $114

 

Minor Car Insurance Factors in Greensboro

While these factors below won’t necessarily make as big of an impact, you can take a look at them for potential savings:

  • Your Marital Status

Being a single driver vs. a married one doesn’t net you any significant discounts as an individual motorist. However, bundling your insurance with your spouse can seriously put a dent in your monthly bill.

  • Your Gender

Forget whatever stereotypes you know about male and female drivers. Most car insurance providers don’t charge more than a few dollars’ difference between genders, if they charge a different rate at all. And it depends on the company which gender gets charged more.

  • Your Driving Distance to Work

You can expect about a 13-17 minute commute to and from work if you live in Greensboro. Of those drivers who commute, around 76% will do so in their own automobile by themselves. Another 3-8% will probably carpool.

In general, it doesn’t matter whether you’re driving for work, for school, driving an average number of miles, or hardly any at all – the average monthly rate rarely fluctuates by more than 1-2% regardless of how much or why you drive. Business vehicles, on the other hand, can be charged 10-12% higher rates than the average vehicle.

  • Your Coverage and Deductibles

Want to increase your coverage, but still keep your monthly rates low? Try raising your deductible. Yes, your out-of-pocket expenses will be a bigger burden in the event you need to file a claim, but the lower rates should help you save each month.

  • Education in Greensboro, NC

Greensboro is a very well educated city; Just over 23% of the population has earned a bachelor’s degree. Another 22% have made it through all four years of high school successfully. If you are one of the motorists in Greensboro with an advanced degree, talk to your car insurance provider; odds are you will be eligible for a nice discount.

There are two large state schools located in Greensboro: the University of North Carolina at Greensboro and North Carolina A & T University (Agricultural and Technical). Each university has well over 10,000 students earning a variety of bachelor’s, graduate, and post-graduate degrees. If you are looking for a school with religious affiliations, you can look into Guilford College or Greensboro College. For a valuable degree in less time, look no further than Guilford Technical Community College.

Locating affordable automobile insurance may be a hassle. There’s a lot of important information to look at, and understanding how insurance companies assess your probable risk may be complicated. But try not to permit the wrong insurance agency talk you into purchasing the wrong policy.

Intrigued by discovering more about Greensboro? Click here!

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

North Carolina Department of Insurance

North Carolina Office of the Commissioner of Banks

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

You can easily analyze YOUR car insurance risks by just putting in your Zip Code into the calculator below.

FIND THE CHEAPEST INSURANCE QUOTES IN YOUR AREA
Yes No