Greensboro, NC Car Insurance
How much does car insurance cost in Greensboro?
The current going rate for auto insurance in Greensboro is $579 for a six-month policy, which is approximately $97 per month on average. It is recommended that you research different auto insurance companies to find the best rate for you.
Residents of Greensboro pay slightly more than the state average for North Carolina ($574) every six months but less than the US average of $880. Of our customers in Greensboro, 40% think they're paying too much for their car insurance. Keep reading to get more information about what fair rates in Greensboro look like and how these costs are calculated.
| Car Insurance in Greensboro vs. North Carolina | Avg. 6 Mo. Premium |
|---|---|
| Greensboro Average | $579 |
| North Carolina Average | $574 |
The cheapest car insurance companies in Greensboro
The cheapest company in Greensboro is North Carolina Farm Bureau with six-month rates at $446 ($74 per month).Â
State Farm takes second place with average rates at $451 per six-month policy.
A GEICO policy in Greensboro costs an average of $82 per month, or $490 for a six-month policy, making this company the third cheapest in the city.Â
The Zebra's key takeaways about car insurance in Greensboro:
- The average cost of a car insurance policy in Greensboro is $579 per six-month policy — $97 per month.
- The cheapest company in Greensboro is North Carolina Farm Bureau ($446).
- 40% of Zebra customers in Greensboro stated they used our product because they were paying too much for car insurance with their current provider.
Are you paying too much for auto insurance?
Greensboro car insurance rates by company
Based on our latest 2023 data, full coverage cheap car insurance in Greensboro can be found with North Carolina Farm Bureau at a monthly cost of $74, which equals approximately $446 per six-month policy. The runner-up is State Farm, with an average monthly cost of $75 ($451 for a six-month policy).
Learn more about top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.
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Cheapest car insurance companies in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| North Carolina Farm Bureau | $446 |
| State Farm | $451 |
| GEICO | $490 |
| Erie | $500 |
| Progressive | $612 |
| Nationwide | $751 |
| Allstate | $886 |
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
To discover affordable coverage that suits your requirements, the best approach is to compare. Insurance providers have varying rates, and so it's important to do your research. Allow The Zebra to take care of the heavy lifting - simply input your ZIP code to view rates from top insurers such as Progressive, GEICO, Allstate, and many more in Greensboro.
Average car insurance in Greensboro by rating factor
When determining individual rates, insurance companies consider numerous details. These rating factors are typically used by all car insurance providers, but the emphasis they place on each factor may differ. For example, one insurer may place greater importance on credit score while another might prioritize your claims history.
It's important to remember that the optimal insurance company for you can vary over time. As circumstances change and your insurance needs evolve, make it a priority to obtain quotes from different providers every so often to ensure that you're getting the best rates and coverage possible in Greensboro.
Q: I didn't have an accident — Why is my insurance going up?
A:Â How much you'll pay for auto insurance in Greensboro is heavily influenced by end-of-year earnings. Despite being an excellent driver with a spotless record, you could end up shelling out more money to one insurance company over another simply due to the rising cost of conducting business in Greensboro.
Auto insurance premiums by age in Greensboro
Car insurance rates are largely determined by age, and Greensboro drivers are no exception. Insurers use data to gauge the risk of drivers and how likely they are to file a claim or get into an accident. Teen drivers, in particular, are the most prone to accidents, which is why they typically have the highest insurance premiums to help compensate for the cost of their claims. Teens in Greensboro pay an average of $697 more than drivers in their 20s, representing the largest gap between any two age groups at 112%.
The high cost of insurance for parents and their teen drivers can be alarming, but it's essential to remember that insurance companies are focused on managing risk. While the initial rate may cause sticker shock, it will gradually decrease over time as the teen gains more driving experience and establishes a safe driving record.
Cheapest car insurance companies for teen drivers in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $764 |
| North Carolina Farm Bureau | $967 |
| Erie | $1,107 |
| GEICO | $1,279 |
| Progressive | $1,334 |
| Nationwide | $1,773 |
| Allstate | $2,006 |
| Age Bracket | Cheapest Companies | Avg. 6 Mo. Premium |
|---|---|---|
| 20s | North Carolina Farm Bureau | $446 |
| 30s | North Carolina Farm Bureau | $444 |
| 40s | North Carolina Farm Bureau | $444 |
| 50s | North Carolina Farm Bureau | $444 |
| 60s | North Carolina Farm Bureau | $444 |
| 70s | North Carolina Farm Bureau | $444 |
Zebra Tip: The cheapest companies for Greensboro drivers between 20-30 are North Carolina Farm Bureau, GEICO, and Erie
The majority of drivers in Greensboro are between the ages of 20 and 40. On average, this demographic pays $623 every six months, but by selecting one of these companies, they could save up to 21%.
Auto insurance premiums for minimum coverage in Greensboro
The level of coverage you choose to carry is a critical determinant of your car insurance premium in Greensboro. Based on our findings, approximately 26% of Greensboro drivers carry only the state minimum coverage. While technically, drivers are only required to have a certain amount of coverage, carrying the bare minimum could leave you underinsured.
In Greensboro, purchasing collision coverage or comprehensive coverage (also known as "full coverage" when combined) will significantly raise your rates, and these options also come with a deductible. However, a deductible can be a means of saving money. Increasing your deductible will lower your premium, as the two are inversely related.
In Greensboro, insurance companies provide additional features such as roadside assistance or uninsured motorist coverage that can safeguard you against drivers who lack adequate coverage. Although these extras can increase your overall rates, The Zebra suggests carrying them as an added layer of financial protection, not to mention the peace of mind they bring.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
In Greensboro, based on our research, 46% of drivers own their vehicles outright. If you are leasing or financing your car, your lender most likely has insurance requirements that must be met. However, if you own your vehicle, you may be considering dropping comprehensive or collision insurance to save money. The Zebra recommends using a resource such as Kelley Blue Book to determine the actual cash value of your car before deciding if it's worth reducing your insurance coverage. A good rule of thumb is that if your vehicle is worth less than $-, you can probably eliminate your collision coverage, but remember that you would be responsible for repairs after a collision.
Cheapest car insurance companies for minimum coverage in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| North Carolina Farm Bureau | $194 |
| State Farm | $201 |
| Erie | $220 |
| GEICO | $233 |
| Progressive | $265 |
| Nationwide | $281 |
| Allstate | $382 |
- Minimum: State liability coverage only
- Basic: State liability + collision and comprehensive (full) coverage
- Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
- Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.
Most of our customers in Greensboro opt for the basic level of coverage, but this may not be the best option for everyone. While we understand state minimum coverage is a budget-friendly solution, it does leave you at risk for damages that exceed your liability limits. North Carolina's 30/60/25 liability limits provide coverage for damage you cause up to $30,000 per person in bodily injury, $60,000 per accident in bodily injury and $25,000 for property damage. While this may be sufficient for most standard car accidents, it might not be for bodily injury claims or multi-vehicle accidents.
Learn more about insurance laws in North Carolina.
Greensboro car insurance rates by credit score
In Greensboro, your credit score is a determining factor in your insurance rate, as it is in most states. Louisiana is no exception to this rule. There are several reasons for this, but it ultimately boils down to risk. Research and analysis have shown that drivers with lower credit scores are more likely to file claims, engage in risky driving behaviors, and have lapses in their insurance coverage. Since poor credit is linked to higher risk, the lower your credit score, the more you'll pay for car insurance.
In Greensboro, drivers with poor credit (300-579) pay 36% more for car insurance than drivers with excellent credit (800-850). However, the majority of people driving in Greensboro have an "average" credit score. In 2023, North Carolina Farm Bureau is the most affordable choice for drivers in Greensboro in this credit range, with GEICO coming in second.
Cheapest car insurance companies for bad credit in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| Erie | $593 |
| Progressive | $612 |
| GEICO | $709 |
| North Carolina Farm Bureau | $716 |
| Nationwide | $963 |
| State Farm | $1,035 |
| Allstate | $1,426 |
Zebra Tip: If you recently improved your credit score, shop around for car insurance!
In Greensboro, our research indicates that drivers with "Fair" credit pay $224 less for car insurance in a year than drivers with "Poor" credit. This translates to a savings of 15%! If you've been working to improve your credit score, now may be a good time to compare car insurance rates and see how your efforts can lead to savings.
Auto insurance rates with an at-fault accident
The most common types of insurance claims in Greensboro are collision-type accidents and at-fault violations. These types of claims can significantly increase your rates. In 2023, an at-fault accident raised the average car insurance rates in Greensboro from $97 to $162 per month. North Carolina Farm Bureau is the least expensive insurance company in Greensboro after an at-fault accident, with State Farm a close second.
The best way to keep your insurance rates affordable in Greensboro is to drive safely and avoid violations. While some things are beyond our control, do your best to avoid charges such as speeding citations, DUIs or DWIs, and reckless driving. Your car insurance rates will likely be affected by these incidents for three to five years, and some of the more serious violations can follow you for even longer periods.
Cheapest car insurance companies after an at-fault accident in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| North Carolina Farm Bureau | $672 |
| State Farm | $698 |
| Erie | $792 |
| Progressive | $929 |
| GEICO | $1,023 |
| Nationwide | $1,199 |
| Allstate | $1,812 |
Greensboro car insurance rates by violation
The following chart displays the extent to which various violations and claims will raise your Greensboro insurance rates.
Car insurance rate increases after violations and citations in Greensboro, NC
Why is car insurance in Greensboro so expensive?
Auto insurance rates in Greensboro are actually lower than the national average by about $160. Still, drivers can experience high rates for a variety of reasons. One major contributor to these rates is the overall cost of living in certain parts of the city. Greensboro isn't known for being a particularly cheap place to live, and this can drive up insurance rates for companies that operate in the area.
Some important factors contribute to Greensboro's car insurance rates. While personal rating factors take precedent, Greensboro drivers can rest assured that average rates are relatively affordable.
In a report conducted by the community-based navigation app Waze, Greensboro ranked number one for the best city to drive[1]. The North Carolina city was chosen based on traffic density, infrastructure, road safety, driver services and overall driver satisfaction.Â
Greensboro is the neighbor to many rural areas in North Carolina. Rural areas tend to see lower auto insurance rates on average, likely due to lesser drivers and open roads. Greensboro enjoys lower premiums brought down by surrounding rural neighborhoods.Â
In Greensboro, the risk of colliding with an uninsured driver is lessened. According to the Insurance Research Council, only 7.4% of drivers in North Carolina are uninsured[2]. Typically, insurance companies charge more in areas with high numbers of uninsured drivers in order to recoup losses incurred in the event of a collision with an uninsured driver. In Greensboro, this risk is lower.Â
Zebra Tip: Consider uninsured property damage coverage
Even in a city with a low number of uninsured drivers, uninsured motorist coverage (UMPD) can be a smart addition to your auto insurance policy. This coverage can help protect you and your vehicle in the event that you're involved in an accident with an uninsured driver. UMPD coverage is often less expensive than collision coverage and usually comes with a lower deductible. Plus, filing a claim under UMPD tends to have less of an impact on your long-term insurance rates compared to a collision claim.
Bundling insurance policies in Greensboro
With car insurance rates seemingly on the rise, it's natural to feel concerned about the cost of coverage. But don't worry, there are still plenty of ways to save money on your policy. One smart strategy is to bundle your policies with a single insurance company. If you carry renters or homeowners insurance, for example, you may be eligible for discounts on your auto insurance by combining your policies. By bundling home and auto insurance, you could save up to 10% on your premiums.
If you currently have separate policies for your car and home, it may be worth reaching out to your insurance agent to see if you can save money by bundling them together. This simple step can often result in significant savings on your premiums. And if you're in the market for a new insurance company, be sure to ask about bundling discounts as you shop around for rates. Some of the companies below are known for offering some of the best rates on bundled home and auto coverage.
Cheapest car insurance companies for bundling home and auto insurance in Greensboro, NC
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $388 |
| Erie | $460 |
| North Carolina Farm Bureau | $469 |
| GEICO | $473 |
| Progressive | $612 |
| Nationwide | $674 |
| Allstate | $729 |
While some things may be out of your control, drivers can work to make their profiles more appealing to insurers. The best advice we offer is to shop around and compare auto insurance quotes with as many companies as possible to ensure you're getting the most affordable rate that doesn't compromise coverage and service — especially if any personal factors have changed (like moving, celebrating a birthday and improving your credit). Try as you might, some companies are just more expensive than others; don't be afraid to switch.
When it comes to determining your car insurance premium, there are factors that are both in and out of your control. While you may not be able to change all of these variables, one thing you can do is shop around for the most affordable rate. By comparing auto insurance quotes from multiple companies, you can ensure that you're getting the coverage you need to feel secure on the road without breaking the bank or compromising on customer service.
If you're looking to save money on your car insurance, it's important to keep an eye out for rate changes that may occur after significant life events or financial changes. For example, if you improve your credit or celebrate a milestone birthday, you may be eligible for lower rates. And if you find that your current insurance company is too expensive, don't be afraid to shop around and switch to a new provider that better fits your needs and budget.
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.