The average cost of auto insurance in Greensboro, NC is $ 434 per year for minimum coverage and $ 1,285 for full auto insurance., which includes full coverage and collision coverage. North Carolina’s affordable auto insurance rates may be one of the reasons most drivers have a valid auto insurance policy – only 7.4% of drivers are uninsured.
Although the rates are relatively low, you may be able to save more on auto insurance in Greensboro. Bankrate’s Insurance Editorial Team has put together an analysis of the best auto insurance in Greensboro based on price, coverage options, and customer ratings. In partnership with Quadrant Information Services, we have collected updated average bonuses from each company. The data can be used as a starting point to collect quotes from multiple carriers, compare what each has to offer, and choose the best and most affordable coverage for your needs.
Best Car Insurance Companies in Greensboro
Greensboro drivers have many options for auto insurance, but the options can be overwhelming for some drivers. We’ve collected and reviewed customer ratings, coverage options, availability of carrier discounts, and average annual rates to narrow down four of the best auto insurance companies in Greensboro.
|Insurance company||JD Power Score (South East region)||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||843/1000||$ 260||$ 780|
|State farm||859/1000||$ 318||$ 893|
|Erie||874/1000||$ 416||$ 1,144|
|Allstate||838/1000||$ 477||$ 1,486|
Geico is often made the “best of” list for its combination of low rates and high customer ratings. Greensboro drivers will find that Geico’s average premiums are significantly lower than the city average. Basic coverage is only $ 260 per year on average, which works out to just over $ 21 per month. And purchasing comprehensive coverage, which also covers losses and repairs related to your car, costs an average of just $ 780 per year, far less than what some American drivers pay for basic coverage.
Learn more: Geico Assurance review
State Farm is Greensboro’s second cheapest carrier and has a strong local office presence. Knowing that you can stop by and visit your local State Farm agent could be invaluable if you’re having trouble filing a claim or need help deciding on the right amount of coverage. There are 25 agents in the area available to assist you. State Farm offers a wide range of discounts that help you lower your premiums, such as discounts for safe drivers, good students, and loyal customers.
Even if you don’t have a driving history of your own, you may be able to earn a discount based on your current driving decisions when you enroll in the Drive Safe & Save program.
Learn more: State agricultural insurance review
Erie Insurance has the highest JD Power customer satisfaction ratings of any Greensboro auto insurance company on our list. One of the reasons for the positive reviews is probably the combination of its affordability and what you get in a policy. A comprehensive Erie auto insurance policy includes free extras, such as medical coverage if your pet is injured in an accident, auto glass repair and locksmith services for up to $ 75 per visit if you are. stranded out of your car.
Learn more: Erie Insurance Review
Allstate isn’t the cheapest carrier on the list, but the number of unique covers the company offers is worth noting. There are a dozen add-ons that could protect you financially in the event of an accident. They include carpooling, classic cars, and audio system coverage. You can also purchase additional auto travel insurance if you plan to travel by car to Mexico, so you don’t have to find a carrier when you arrive south of the border. Additional coverage can be purchased for as long as you need it, up to a year.
Learn more: Allstate Insurance Review
The cheapest auto insurance in Greensboro
Auto insurance in Greensboro is on average cheaper than the state’s $ 1,325 per year. However, rates can vary widely depending on your driving record, level of coverage, zip code, vehicle, etc. Bankrate has collected quotes from the city’s largest providers based on market share to bring you the cheapest auto insurance companies in Greensboro.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||$ 260||$ 780|
|State farm||$ 318||$ 893|
|At national scale||$ 354||$ 1,273|
|Erie||$ 416||$ 1,144|
|Allstate||$ 477||$ 1,486|
Drivers looking for comprehensive coverage might consider getting quotes from Geico, State Farm, Nationwide, Erie, and Allstate, all of which have low rates for comprehensive auto insurance. State Farm and Allstate both offer quality coverage at a low price. Plus, they offer more options and add-ons than average, like gap insurance and carpooling.
Greensboro Insurance Requirements
All drivers in North Carolina must purchase auto insurance. If your coverage expires, your insurance provider is required to notify the North Carolina DMV, which could result in fines and reinstatement fees. The minimum state requirements are “continuous coverage” of:
- $ 30,000 in civil liability for bodily injury for each person
- $ 60,000 in civil liability for bodily injury for each accident
- $ 25,000 for property damage liability for each accident
Keep in mind that state minimums are unlikely to be sufficient to cover the full extent of a at-fault accident. In addition, it leaves no financial protection for your vehicle. If you lease or own your vehicle, your lender will usually require you to purchase comprehensive auto insurance. It extends state liability coverage by adding protection against damage to your vehicle through all peril and collision insurance.
Auto Insurance Discounts in Greensboro
To get the lowest rates, be sure to ask the carrier you choose what type of discount they can apply to your policy. Some typical Greensboro auto insurance discounts are:
- Good student: Young drivers enrolled in high school or college with good grades could benefit from lower rates.
- Safe Driver: Drivers without traffic tickets, accidents and claims often have access to savings for reduced auto insurance premiums.
- Vehicle equipment: Newer vehicles equipped with driver assistance technology, multiple airbags and collision warning systems could be cheaper to insure.
- Defensive driving course: Taking a defensive driving course approved by your insurance company could lower your rates.
Safe Driver Discounts can have a big impact on your Greensboro fares and are offered by most providers. Drivers who are less likely to cause an accident reduce their insured risk, which may ultimately be reflected in their premium.
Frequently Asked Questions
What is the best auto insurance company in Greensboro, NC?
There are many reputable auto insurance companies operating in Greensboro. Our results, based on customer reviews and prices, found four notable companies. However, each driver can find other insurers depending on their criteria. Consider getting quotes from multiple vendors and comparing rates and terms and conditions to find the carrier that’s right for you.
How much does auto insurance cost in Greensboro?
The average cost of auto insurance in Greensboro, NC is $ 434 per year for minimum coverage and $ 1,285 per year for full auto insurance. Your rate may vary depending on the carrier you choose, your driving record, your age and your postal code.
How much auto insurance do I need in Greensboro?
The State of North Carolina requires all drivers to have liability insurance of $ 30,000 or more in bodily injury per person, at least $ 60,000 in liability insurance per accident and $ 25,000 or more in property damage . If your policy expires, your operator is required to report it to the DMV.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- Liability for bodily injury of $ 100,000 per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.