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How much is car insurance in Greensboro?
|Area||Average Monthly Car Insurance Premium|
Car insurance policies in Greensboro are about $8 a month more expensive than the rest of North Carolina.
Drivers relocating from out of state may enjoy some cost savings in Greensboro. The average monthly payment in Greensboro is about $18 cheaper than the rate for the rest of the United States.
While these are the average monthly costs for auto insurance coverage in Greensboro, you could end up paying something different. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. The bill you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
We've analyzed the average rate for Greensboro and broken down the different factors to help you understand what your policy's monthly premium will be. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel. That experience can turn into some real savings when it comes to car insurance premiums. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.
As you get older, you can expect to see a drop in your monthly premium every 10 years. Once you hit retirement age, however, your rates may rise again in Greensboro.
Average Car Insurance Rates by Gender
Despite the national trend of women paying less than men for auto insurance, in Greensboro men actually pay $57 per month for coverage while women pay $68.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. In Greensboro, a driving record with one accident will usually get you a rate around $72 a month. In addition, drivers with a single ticket on their record can expect to pay around $79 a month on average.
Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$65|
|15 Years or Older||$60|
The most affordable vehicles to insure in Greensboro are usually trucks and vans, which run about $48 per month.
Car owners can expect to pay an average of around $59 a month for their policy, while SUVs usually cost around $73 a month to insure.
Vehicle age has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. Once your car is around 5 years old, however, your monthly bill may start to dip back down. In Greensboro, for example, the most expensive vehicles to insure are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
Overall, those who are currently married will pay slightly less to insure their car. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.
The cost of auto insurance in Greensboro reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $20 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$59|
One other element taken into consideration is your housing situation. Renters can expect to pay around $18 a month more than those who own their own home in Greensboro. But if you live with your parents, you can expect to pay a lot more.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Greensboro, NC
Recent trends in car insurance for Greensboro drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.
In Greensboro, the rates for auto insurance went up from 2016-2018, before taking a downward turn from 2019-2020. They finished up in 2021, at $93.
How does Greensboro compare to neighboring areas?
Why are car insurance rates in Greensboro different from other areas?
There are several factors car insurance companies take into consideration when choosing how much to charge for coverage. The specifics of your home address will have an impact on your personal policy. This might include things like:
- Area laws
- Road Safety (frequency of car accidents)
- Off-street parking availability
- Amount of drivers in the area
- Crime levels
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Greensboro?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
But wait! Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from dozens of car insurance companies providing policies in Greensboro.
Greensboro Insurance FAQs
What factors affect car insurance quotes in Greensboro?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Greensboro different from other neighboring cities?
Things like crime rates, parking situations, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Greensboro?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Greensboro?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Greensboro or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?