bestauto insuranceGreensboroCompare the Cheapest Car Insurance Quotes in Greensboro, NC
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Ensure you're getting the best rate. Review quotes from a top insurance company.
Auto insurance costs in Greensboro depend on the driver profile and level of coverage. On average, Nationwide is the most affordable provider in the city for full coverage and liability-only car insurance.
For drivers with violations on their record, Nationwide is still the best insurer in Greensboro, on average. However, according to MoneyGeek's research, State Farm is the best company overall, balancing affordability and quality of service.
bestauto insuranceGreensboroThe Cheapest and Best Car Insurance in Greensboro
Cheapest Overall - Nationwide
Cheapest State Minimum - Nationwide
Cheapest With a Driving Violation - Nationwide
Best Overall - State Farm
The Cheapest Car Insurance Companies in Greensboro
On average, the cheapest auto insurance companies in Greensboro for full coverage policies are:
- Nationwide: $568 per year
- State Farm: $588 per year
Nationwide offers the lowest full coverage car insurance rates in the city, on average. This cost is $477 lower, on average, than comparable policies from the most expensive company in the city, MetLife.
Full coverage comprises liability coverage, along with comprehensive and collision insurance. Your rates will vary from these averages depending on your coverage amount and personal circumstances.
Cheapest Car Insurance in Greensboro
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$568
- 2.$588
- 3.$701
- 4.North Carolina Farm Bureau$722
- 5.$803
MoneyGeek scored the top car insurance rates in Greensboro by using a sample 40-year-old male driver to source quotes from various providers. The driver requested a full coverage policy whose limits are defined on our methodology page.
A full coverage policy features higher rates than state minimum car insurance policies due to increased coverage for at-fault accidents. Aside from liability coverage, full coverage policies also contain:
- Collision insurance: protects against damages resulting from colliding with other cars or objects
- Comprehensive insurance: covers the cost of damage caused by incidents that are not related to collisions
A full coverage policy may cost more than the value of an older car. Consider buying a state minimum policy to keep your premiums at a minimum.
Compare Car Insurance Rates in Greensboro
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Greensboro for Minimum Coverage
State minimum liability-only car insurance policies offer the cheapest coverage in Greensboro. From MoneyGeek’s analysis, the most affordable minimum coverage car insurance providers in the city are, on average:
- Nationwide: $278 per year
- State Farm: $308 per year
The $278 average annual car insurance cost for Nationwide is almost 50% lower than the cost of the most expensive provider in the city. Metlife is the most expensive, at an average of $531 per year.
Although state minimum car insurance costs less, it may not provide comprehensive coverage during an accident. Use the table below to determine the coverage limit for your needs as you compare costs between different variables.
Cheapest Minimum Liability Car Insurance in Greensboro
State Minimum
- CompanyState Minimumper year
- 1.$278
- 2.$308
- 3.$369
- 4.North Carolina Farm Bureau$376
- 5.$408
In Greensboro, the city’s minimum car insurance must meet the state requirements of $30,000 for bodily damage per person, up to $60,000 per accident and $25,000 for property damage per accident. It should also include uninsured motorist coverage with the same limits.
You will pay less for a liability-only policy but may need to cover some costs yourself. For instance, if during an accident the medical costs are $35,000, your insurer will only pay $30,000, leaving you to pay $5,000 out of pocket.
North Carolina Minimum Liability Requirements
- ItemDescription
- 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.
Cheapest Car Insurance in Greensboro if You Have Driving Violations
Having a traffic violation on your record, such as an at-fault accident or a speeding ticket, can result in higher car insurance premiums. Rates vary depending on the type of violation.
Based on MoneyGeek’s findings, the cheapest car insurance providers in Greensboro for drivers with violations are:
- Cheapest after a ticket: Nationwide, $818 per year
- Cheapest after an at-fault accident: State Farm, $873 per year
- Cheapest after a DUI: Nationwide, $2,113 per year
With a bad driving history, you can still secure the best rates within Greensboro if you compare prices among insurers. As your driving record improves over time, your rates will also decrease significantly.
Cheapest Car Insurance in Greensboro With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$818
- 2.$873
- 3.North Carolina Farm Bureau$1,039
- 4.$1,045
- 5.$1,066
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, whereas 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.
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.
Compare Car Insurance Rates in Greensboro
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Greensboro
MoneyGeek ranked the best car insurance companies in Greensboro based on affordability, claims ratings and customer satisfaction. The top-rated auto insurance companies are:
- State Farm: MoneyGeek score of 93 out of 100
- Nationwide: MoneyGeek score of 91 out of 100
Erie, North Carolina Farm Bureau and GEICO received overall MoneyGeek scores of 82, 80 and 72, respectively, earning each of them a spot in the top five best auto insurance companies in Greensboro.
1
State Farm
Score:93
State Farm received high scores in all the categories, but it particularly excelled in affordability. On average, policies cost $588 per year for a 40-year-old driver in Greensboro. Rideshare insurance, a coverage option rarely offered by other insurers, is available for an additional cost of 15% to 25% of the policyholder’s premium.
More About State Farm
If you're looking for a good all-around auto insurance company in Greensboro, State Farm is your best option. The company ranked highly across all categories and offers a coverage option that isn’t available with other insurance providers.
State Farm offers rideshare insurance as an add-on coverage option for drivers that work for ridesharing companies like Uber or Lyft. With this feature, the coverages included in your personal auto insurance policy remain in effect when the rideshare app is on and you’re available for hire. After you’ve matched with a rider or are transporting a rider, all coverages, except for liability insurance, remain in effect.
Read MoneyGeek's State Farm auto Insurance Review2
Nationwide
Score:91
Much like State Farm, Nationwide earned high scores from MoneyGeek for average rates, user satisfaction and claims ratings. The average cost of a standard policy for a 40-year-old driver in Greensboro is $568. In addition to offering standard coverage, Nationwide also offers deductible modification and identity theft coverages.
More About Nationwide
Nationwide offers a wide variety of coverage options, including several rarely offered by other insurers. Deductible modification coverage allows policyholders to lower their deductibles for every year of safe driving. The identity theft coverage provides protection against some of the financial costs associated with identity theft, such as unexpected car loans and fraudulent credit card charges.
Read MoneyGeek's Nationwide auto Insurance Review3
Erie
Score:81
4
North Carolina Farm Bureau
Score:80
5
GEICO
Score:72
6
Travelers
Score:55
7
Progressive
Score:45
8
MetLife
Score:33
9
Allstate
Score:30
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 CodeState 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.
About Mark Fitzpatrick
