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Average Cost of Car Insurance in Greensboro

Greensboro$797
NC$841
U.S.$1,424

Car insurance in Greensboro is slightly cheaper than the average rate for the state of North Carolina. Rates in Greensboro average $797 per year, which is 5.2% lower than the state average, while the average national annual premium is $1,424. These figures reveal that you can get affordable car insurance quotes in Greensboro — around 44% cheaper than in other parts of the country.

Of course, not all auto coverage policies are the same. Car insurance premiums will vary from person to person, depending on the needs and risk factors of the individual. It's important for drivers to learn more about how car insurance rates are calculated.

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The Best Cheap Car Insurance Companies in Greensboro

In Greensboro, the insurers with the cheapest average rates for a full coverage car insurance policy are:

  • Nationwide: $568 per year
  • State Farm: $588 per year

Nationwide offers the cheapest annual premium for Greensboro drivers, with an average annual rate of $568. In comparison, MetLife has a yearly average premium of $1,045, which is 84.1% more expensive than Nationwide’s rate.

For this analysis, MoneyGeek collected average insurance rates in Greensboro based on a sample 40-year-old male driver profile with a full coverage policy that includes both liability and comprehensive and collision coverage.

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Personalized Quotes to Get You the Cheapest Car Insurance in Greensboro

Every individual has different needs for auto coverage, and that’s certainly true for car insurance in Greensboro. Your actual premium can be higher or lower than the average rates charged by an insurer. The more high-risk you are, the more you’ll pay. Your driving history, driving experience, age, location and more all have significant effects on your premiums.

It is necessary that you get your personalized car insurance quotes in Greensboro on a regular basis. Frequent assessment of your profile can help you identify discounts or other promos you may qualify for. It can also help you determine what type of car insurance you should get.

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Cheapest Car Insurance in Greensboro by Coverage Amount

How much car insurance coverage you purchase in Greensboro also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

North Carolina Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $30,000 per person, $60,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
  • Uninsured Motorist
    $30,000 per person, $60,000 per incident and $25,000 for property damage. The minimum coverage may not be enough if you're in a serious accident.

If you choose a Nationwide car insurance policy that offers only state minimum liability coverage, you can expect to pay around $278 per year. Nationwide insurance with 100/300/100 full coverage will cost you an average of $568. The difference between 50/100/50 liability-only and 50/100/50 full-coverage plans is around $226 with Nationwide or around $181 with State Farm.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Greensboro if You Have Tickets

How you drive significantly affects your car insurance premiums. For State Farm, a DUI can increase your annual premium by around $1,708 or with a speeding ticket by about $284. For Progressive Insurance, a no-violation average rate of $1,036 can increase to around $1,423 if you have an at-fault accident on your record, and a DUI can make your premium even more expensive at around $3,965.

Bad driving habits can make your car insurance more expensive. Drive safely and responsibly so that you avoid incurring additional charges on your car insurance premium.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    Nationwide
    $818
    $983
    $2,113
  • 2.
    State Farm
    $873
    $873
    $2,296
  • 3.
    North Carolina Farm Bureau
    $1,039
    $1,039
    $2,682
  • 4.
    Erie
    $1,066
    $1,066
    $2,784
  • 5.
    GEICO
    $1,328
    $1,113
    $3,630
  • 6.
    Travelers
    $1,253
    $1,455
    $3,747
  • 7.
    Allstate
    $1,305
    $1,825
    $3,651
  • 8.
    MetLife
    $1,045
    $1,657
    $4,019
  • 9.
    Progressive
    $1,423
    $1,423
    $3,965

Average Cost of Car Insurance by Postal Code

Where you live can also increase or decrease your insurance premium. Areas with high theft and accident rates are considered as high-risk and those living here could have higher car insurance premiums.

The cheapest ZIP code for auto coverage in Greensboro is 27410, with an average annual premium of $706. The most expensive ZIP code for car insurance is 27407, where the average annual premium is around $849, for an average difference of $143.

  • Zip Code
    State Minimumper year
  • 27410
    $706
  • 27406
    $836
  • 27407
    $849

Factors That Impact Insurance Costs in Greensboro

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Greensboro. How Greensboro ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities100th/300
handcuffs2 icon
Most Car Thefts79th/300
uninsured icon
Most Uninsured Motorists by State48th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall99th/300
umbrella icon
Most Rainy Days115th/300

Shopping around for car insurance in Greensboro could save you $229, which is enough to buy:


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76Cups of Coffee
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18Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Greensboro are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Compare Car Insurance Rates in Greensboro

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.