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Are you in need of auto insurance in Winston-Salem? From AutoInsuranceEZ.com, you’ll find the lowest priced insurance rates where you live. To find free car insurance prices offered by the best providers right now, provide your zip code within the quote box in this posting.

Winston-Salem, although being only the 4th largest city in all of North Carolina, has one of the tallest office buildings within the entire state. It has also juggled several nicknames over the years: “The Camel City” for its once-thriving tobacco industry, “The Twin City”, and also the self-explanatory “City of Arts”.

  • Fun fact: if you like wide open spaces, keep in mind that Winston-Salem is #62 on the list of “Top 100 cities with largest land areas (pop. 50,000+)”.

Auto Insurance Coverage Requirements in North Carolina

Driving legally in Winston-Salem 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

Remember that state minimum mandatory coverage only pays out on claims if the incident in question was something you caused (or found liable for), or if you are hit by an uninsured motorist. For any other situation, you will be financially responsible for your vehicle. And if you are currently financing your automobile, your lender may require additional coverage regardless of legal minimums.

The typical North Carolina motorist might end up paying around $88 for their monthly insurance premiums. However, it is possible to drive legally for as little as $26/mo* in Winston-Salem. All you need is a good knowledge of how the industry works, and you’ll be able to ferret out some huge discounts.

Average Monthly Auto Insurance Premiums Legend: Winston-Salem Allied State Farm Nationwide Allstate 5 10 15 20 25 30 $22 $21 $30 $30

 

Allied and State Farm are offering some of the lowest rates in your area right now. But that might not always be the case. Insurance providers are constantly changing their rates and updating their data. Not to mention that a low rate doesn’t necessarily predict good customer service or a smooth claims process.

Auto insurance providers evaluate various factors when establishing insurance rates, particularly driving experience, driving violations, type of vehicle owned, driving distance to work, and business use of the vehicle. On top of that, premiums might vary from one company to another. To find out if you are still receiving the best premium, assess cheap Winston-Salem auto insurance estimates online.

Major Car Insurance Factors in Winston-Salem

There is a wide array of many items which may factor into the rate quotes you receive. Although many specific issues aren’t really something you can do something about, a few of them are factors which you can change for the better. Here are some factors which can change your automobile insurance premium:

  • Your Zip Code

Most of the time, the lowest priced auto insurance is generally present in towns with a smaller population density. Because there are fewer vehicles on the streets, you will find a lot fewer possibilities to get involved in a serious car crash with a different driver. The population of Winston-Salem is in fact 236,441 plus the common household earnings are $37,322.

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

Naturally, if you live in a dangerous area where serious accidents occur frequently, you’ll have to pay higher monthly rates than someone living in a safer city. Take a look at the statistics for Winston-Salem above. If those numbers concern you, now would be a good time to contact your insurance company and ask about any Safe Driver discounts you might qualify for.

Fatal Accidents in Winston-Salem, NC Legend: Winston-Salem 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 17 26 7 17 38 5

 

  • Auto Thefts in Winston-Salem

Residing in a major metropolis (Particularly any with a significant rate of crime) raises your risk of becoming a victim for auto theft. Should your overall area has high rates of auto theft claims filed, you are likely to pay much more for your automobile insurance in order to counteract these expenses. The actual complete amount of stolen automobiles in Winston-Salem was 611 for the year of 2013. And remember, Comprehensive coverage is the only type of coverage that will allow you to file a claim on a stolen vehicle.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Allied State Farm Nationwide Allstate 10 20 30 40 50 60 70 80 $22 $72 $21 $70 $30 $86 $30 $82

 

  • Your Credit Score

Your credit score is a huge, yet often overlooked, factor which determines your automotive insurance rates. Depending on what company you’re with, Winston-Salem motorists with poor credit can expect to pay twice as much as someone with perfect credit.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Allied State Farm Nationwide Allstate 5 10 15 20 25 30 $21 $28 $18 $33 $28 $33 $29 $33

 

  • Your Age

The very young (and therefore inexperienced) drivers pay some of the highest insurance rates you can find. Fortunately, young drivers can easily qualify for Good Student discounts, as well as discounts for taking educational driving courses.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Allied State Farm Nationwide Allstate 10 20 30 40 50 60 70 80 $22 $69 $21 $62 $30 $36 $30 $86

 

  • Your Driving Record

Naturally, you’ll pay a lower monthly rate on your insurance premiums if you have a clean driving record. And a few minor violations here or there won’t raise your rates by too much. But serious accidents or citations, such as a DUI, may leave you without any coverage at all.

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 $22 $31 $85 $32 $21 $32 $85 $32 $30 $43 $130 $44 $30 $46 $130 $46

 

  • Your Vehicle

The cheaper your car is to fix and/or replace, and the less coverage it requires, the cheaper it will be to insure. This explains the drastic price difference in monthly insurance costs between a compact sedan, and a luxury vehicle as seen in the chart above.

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 $22 $75 $21 $73 $30 $99 $30 $85

 

Minor Car Insurance Factors in Winston-Salem

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 married isn’t the biggest discount grabber for most individuals. But you can save some serious cash if you and your spouse bundle your policies together. You can save even more by bundling with homeowner’s or renter’s insurance.

  • Your Gender

Worried about being charged more simply because of an uncontrollable factor, such as your gender? Well, don’t worry too much, because most providers these days charge the same rate, regardless of gender. And if you do get charged a higher premium for being male or female, it won’t really change your premium by more than a few dollars per month.

  • Your Driving Distance to Work

Driving times in Winston-Salem are moderate, with typical commutes only lasting between 12-17 total minutes each trip. Around 76% of drivers will use their own vehicle in order to transport themselves, while 3-7% prefer carpooling.

Some insurance providers might make a big deal about how many miles you drive, or your purpose for driving. In truth, these differences in driving habits make no more than a 2-3% difference in monthly premiums. Business vehicles, on the other hand, can be charged 10% higher rates or more.

  • Your Coverage and Deductibles

If you want to add more coverage to your policy, but don’t want to pay a fortune in premiums, consider raising your deductible. Even increasing it by a few hundred dollars can seriously cut down your monthly costs.

  • Education in Winston-Salem, NC

25% of the Winston-Salem population has successfully earned a high school diploma or other equivalent, while an additional 20% had not yet completed all four years of high school. But if you have a higher education in Winston-Salem, you’re in luck: recent studies show that auto insurance providers have begun to offer discounts to drivers with advanced degrees.

Winston-Salem has a variety of institutions to choose from for those looking to earn a post-secondary degree. For the ladies, there is Salem College, the oldest all-female college in the United States. And if you have an artistic flare, you might want to look in to the University of North Carolina School of the Arts for a creative degree. Additionally, those who are looking to spend less time in school can enroll in a shorter program at Forsyth Technical Community College.

Discovering your individual financial risk can be quite challenging or unachievable for the common insurance customer. Insurance companies have an edge on shoppers because of their data and experiential know-how. Uncover the things insurance providers don’t really want most people to learn.

Learn more about Winston-Salem by clicking 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 compute YOUR car insurance risks by merely entering your Zip Code into the calculator below.

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