Cheapest + BestCar InsuranceGreensboroCheapest and Best Car Insurance in Greensboro, NC (2023)
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The cheapest car insurance for you depends on your driver profile and needs. Nationwide is the cheapest company for full coverage, minimum coverage, drivers with speeding tickets and military members. State Farm is the most affordable for those with an accident on their record and for teenagers. National General is your cheapest option after a DUI. Erie offers the best customer service and the best cheap car insurance in Greensboro.
Cheapest + BestCar InsuranceGreensboroCheapest and Best Car Insurance in Greensboro
Cheapest Overall - Nationwide
Cheapest Full Coverage - Nationwide
Cheapest After Driving Offense - Nationwide
Cheapest for Teens - State Farm
Cheapest for Military - Nationwide
Best Overall - Erie
Best for Customer Service - Erie
Best Cheap - Erie
Cheapest Minimum Liability Car Insurance in Greensboro
The cheapest car insurance companies for a minimum coverage policy in Greensboro are:
- Nationwide: $243 per year
- Erie: $320 per year
The most expensive car insurance is from Allstate, which costs $794 per year on average as of October 2022. The cheapest car insurance in North Carolina is also from Nationwide, where it costs an average of $242 per year. The state average for this company is slightly less expensive.
The cost of car insurance may change depending on your location. Your premium may also be influenced by other variables, including your age and driving history.
According to North Carolina’s insurance laws, a car insurance policy should have:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $30,000 uninsured motorist coverage per person
- $60,000 uninsured motorist coverage per accident
- $25,000 uninsured motorist property damage coverage per accident
The expenses incurred by a person who is injured in an accident are covered under bodily injury liability. For instance, your auto insurance will only pay up to $30,000 for every injured person in an accident. However, it can only cover up to $60,000 per accident if there are two or more people injured. Anything over these limits will need to be paid out of pocket.
Cheapest Full Coverage Car Insurance in Greensboro
The cheapest car insurance companies for a full coverage policy in Greensboro are:
- Nationwide: ($624 per year)
- Erie: ($654 per year)
As of October 2022, the most expensive company is Allstate, with an average premium of $1,385 per year. The cheapest full coverage car insurance in North Carolina is from Erie, at $630 per year. It’s more expensive by a few dollars, showing how your location can impact your rates.
Comprehensive and collision insurance are both included under a full coverage policy.
- Collision insurance: This can pay for the damages to your car in case of a collision with a stationary object or another moving vehicle.
- Comprehensive Insurance: This protects your car from damages not incurred from collisions, such as vandalism, theft or fire.
A full coverage policy can be expensive. You might not get your money’s worth if you drive an old car with a low value.
Cheapest Car Insurance in Greensboro After a Driving Offense
The cheapest car insurance companies after driving violations in Greensboro are:
- Speeding ticket: Nationwide ($888 per year)
- At-fault accident: State Farm ($903 per year)
- DUI: National General ($2,075 per year)
Allstate is the most expensive option after a DUI (roughly $5,765 per year) and a speeding ticket (around $2,036 per year). GEICO offers the most expensive car insurance after an at-fault accident (roughly $1,770 per year).
A speeding ticket, accident or DUI on your record can significantly raise your premium. Even if you find the cheapest option, your premium might still be higher compared to those for safe drivers.
Drivers with more serious violations may have more expensive rates. For instance, a DUI may result in a $2,494 increase to your annual premium. On the other hand, a speeding ticket may only raise your annual premium by $448.
Your personal circumstances can still influence your premiums. There could be instances where premiums don’t drastically increase based on the severity of the offense. It’s important to explore your options to find the cheapest car insurance for those with bad driving records.
Cheapest Car Insurance in Greensboro for Teens and Their Families
The cheapest car insurance companies for teens on a family policy in Greensboro are:
- State Farm: $1,179 per year for boys and girls
- Nationwide: $1,388 per year for boys and girls
GEICO is the most expensive company for teens under their parents’ policy. The average rate for this company is $4,373 per year for boys and girls.
Car insurance for teenagers varies in rates. For example, boys might pay more than girls for car insurance because insurers see them as higher-risk drivers. This discrepancy goes away in early adulthood.
An individual policy may not be the best way to get cheap car insurance for teenagers. In Greensboro, an individual policy for teens costs around $538 more than if they are added to a family policy. It’s important to explore your options to find affordable rates. You can also enjoy discounts that are specific to young drivers.
Cheapest Car Insurance in Greensboro for Military Drivers
The cheapest full coverage car insurance companies for active or veteran military families in Greensboro are:
- Nationwide: $624 per year
- Erie: $654 per year
USAA also offers affordable car insurance for military drivers. This company specifically caters to drivers with a military background.
Nationwide also offers the cheapest minimum coverage policy for military drivers, followed by Erie. These policies cost $243 per year from Nationwide and $320 per year from Erie. Your needs and preferences may also affect the cost of your car insurance.
How to Compare Cheap Greensboro Car Insurance Quotes Online
Insurers can help you get car insurance quotes online in Greensboro, North Carolina. It can take around 15 minutes or more, and they might ask for a lot of personal information.
MoneyGeek’s car insurance calculator can help you get a rough idea of your rates based on your age, car model, coverage and driving history. This could be a faster way to get a ballpark estimate of the cost of your policy without disclosing a lot of information.
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Best Car Insurance in Greensboro: Summary
The best car insurance for you depends on your preferences. The top car insurance companies in Greensboro, North Carolina, are:
- Best overall: Erie (MoneyGeek score of 82 out of 100)
- Best for service: Erie (MoneyGeek score of 70 out of 100)
- Best cheap: Erie (MoneyGeek score of 78 out of 100)
A company’s scores can vary because of changes in weightings for each category. Erie is also the best car insurance company in North Carolina. Military drivers may find that USAA is a good option.
Best Overall Car Insurance in Greensboro
The best companies for car insurance in Greensboro are:
- Erie: MoneyGeek score of 82 out of 100 ($654 per year)
- North Carolina Farm Bureau: MoneyGeek score of 76 out of 100 ($740 per year)
Erie’s highest ratings are for affordability and customer satisfaction. It balances good customer service with rates that can fit your budget. The best car insurance company overall is generally the one that balances these factors the best, which is why Erie takes the top spot in our rankings.
pros
One of the cheapest options
Has the best customer satisfaction rating
Has roadside assistance, personal property insurance and glass deductible modification
cons
Doesn’t have OEM coverage
May not have the best claims management process
COMPANY HIGHLIGHTS
Erie is the best overall insurer due to its rates and customer service. It provides protection for the things you leave in the car and can also cover the entire amount of your glass repairs or replacements.
Erie offers personal item coverage, which can reimburse lost clothing, luggage and other personal property in the car covered by your Erie insurance policy. This can cover up to $350. You can also add full window glass coverage to your policy to waive your deductible for glass replacement or repairs.
It also has emergency roadside service coverage that you can add to your policy to help you in emergencies when your car breaks down. It provides assistance for towing, gas deliveries, lockouts and other common roadside problems. You can add this to your policy with $25, $50 and $100 limits.
Best Car Insurance in Greensboro for Customer Service
Without considering affordability, we found that the best companies for customer service in Greensboro are:
- Erie: MoneyGeek score of 70 out of 100 ($654 per year)
- North Carolina Farm Bureau: MoneyGeek score of 68 out of 100 ($740 per year)
Erie has excellent customer satisfaction and claims management scores. This means that you’re most likely to get a great experience when filing claims and with other engagements from this insurer.
This company is also one of the cheapest options in the city, which means you get great service at an affordable price.
pros
Received the best customer service rating
Has a good score for claims management
Provides coverage for pets, locksmith services and accident forgiveness
cons
May not offer a lot of essential coverages
Imposes limitations on roadside assistance
COMPANY HIGHLIGHTS
Erie can protect you, your pets and your wallet in case of an accident. It can cover the vet expenses of your pets and your locksmith expenses. It can also prevent your premiums from increasing.
Your Erie car insurance policy can pay for the services of a locksmith for up to $75 in case you leave your keys in the car. This comes with comprehensive coverage.
Your policy can also protect your pets. If your pet has been injured in a covered accident, Erie can cover the costs of treating your pet for up to $500 per pet. If multiple pets have been injured, your insurance can cover up to $1,000.
Erie also offers accident forgiveness on your first at-fault accident. Your car insurance rates won’t increase after your accident as long as you’ve been an Erie policyholder for three years.
Best Cheap Car Insurance Companies in Greensboro
Based on affordability and service quality for policies that only meet North Carolina’s minimum coverage requirements, the best companies in Greensboro are:
- Erie: MoneyGeek score of 78 out of 100 ($320 per year)
- Nationwide: MoneyGeek score of 77 out of 100 ($243 per year)
The least expensive policies only meet minimum state requirements for insurance coverage. This can pay for your liability costs, but it might not cover the damage to your car. The best car insurance for you depends on your needs, preferences and the amount of coverage you’re looking for.
pros
An affordable option with an average premium of around $320 per year
Has bundling, safe driving and automatic payment discounts
Received an excellent customer satisfaction
cons
Doesn’t give a discount when you go paperless
May not have all the essential coverages you need
COMPANY HIGHLIGHTS
Erie received the best score for customer service. It also offers low rates, ranking second for affordability among nine companies. Policyholders can also enjoy discounts to save more money on their premiums.
You can save on your car insurance using Erie’s bundling, multi-car and multi-policy discounts. Erie offers a discount if you pair your car insurance policy with a life insurance policy or a home policy. You can also get a discount if you insure two or more cars with Erie and if you remain claims- or violation-free.
Erie can even give you a discount if you rarely use your vehicle. Their reduced storage discount can apply if you’re storing your vehicle for at least 90 consecutive days. This allows you to save money while you’re out on vacation or when you just don’t want to use your car. This discount is not commonly offered by other companies.
Average Cost of Car Insurance in Greensboro
The average cost of car insurance in Greensboro is $839 per year, based on a full coverage policy with $100,000 bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.
The cost of car insurance in North Carolina is more expensive by $21, compared to the average cost in Greensboro. The national average is more expensive by $426.
About Mark Fitzpatrick
