Goldsboro, NC Car Insurance

Compared to their surrounding area, how do rates in Goldsboro stack up? What about against the rest of North Carolina? How much can residents of Goldsboro expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:

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How much is car insurance in Goldsboro?

As you can see in the chart above, it costs about the same to insure your vehicle in Goldsboro as it does in the rest of North Carolina.

When compared to the national average, the cost for auto insurance in Goldsboro is lower. You can expect to pay about $28 less for your policy in Goldsboro than in the rest of United States.

These may be the average auto insurance rates for Goldsboro, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in the bill you'll see each month.

We've analyzed the average rate for Goldsboro and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!

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Average Car Insurance Rates by Age

The more time you have behind the wheel, the more experienced of a driver you should be. That experience pays off when it comes to auto insurance. In this case, 18-24-year-olds pay a lot more than drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Drivers in Goldsboro may see their rates creep back up once they hit retirement age.

Average Car Insurance Rates by Gender

In general, women pay slightly less for car insurance than men. This is true in Goldsboro, where women pay around $10 less per month. As illustrated in the table above, male drivers in the area pay about $57 on average, while female drivers pay around $47 each month.

Average Auto Insurance Rates by Driving Record

Rates can change drastically depending on your driving record. Those with clean records will obviously pay a lot less than those with infractions. The rate for drivers in Goldsboro with a single accident on their record is about $82 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $45.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

According to the first table above, the cheapest vehicles to insure in Goldsboro are usually trucks and vans, at $44 per month.

Car owners, on the other hand, typically pay around $55 a month, while SUV drivers can expect to pay about $45 per month for insurance.

In addition to vehicle type, you can also expect to see slightly different rates based on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. In Goldsboro, the most expensive vehicles to insure are vehicles eight-to-ten years old.

Average Car Insurance Rates by Relationship Status

Generally, married policyholders will pay slightly less to insure their vehicle. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.

According to the table above, the difference in rates based on relationship status in Goldsboro can be as much as $10 a month, so it's worth taking into consideration.

Average Car Insurance Rates by Housing Situation

Another factor taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $15 a month more than if you own your own home in Goldsboro. But if you live with your parents, you can expect to pay a lot more.

Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in Goldsboro, NC

Recent trends in car insurance for Goldsboro drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.

In Goldsboro, auto insurance rates decreased from 2016-2017, when they hit a low of $37. Insurance rates started to rise in 2020, and this pattern has continued through 2021, when rates have most recently reached $58.

How does Goldsboro compare to neighboring areas?

Why are car insurance rates in Goldsboro different from other areas?

When considering how much to charge for a monthly rate, car insurance companies will consider a variety of factors. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you call home. These include things like:

• Total number of drivers in the community
• Amount of off-street parking
• Local crime rates
• General road safety (how many accidents each locality has)
• Community laws

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.

How can I find the cheapest car insurance in Goldsboro?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Good news! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from a number of the car insurance companies that offer plans in Goldsboro.

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Goldsboro Insurance FAQs

What factors affect car insurance quotes in Goldsboro?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Goldsboro different from other neighboring cities?

Auto insurance companies consider regional factors, such as crime rates, parking situations, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Goldsboro?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Goldsboro?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Goldsboro or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.