Best Cheap Auto Insurance in Greensboro, North Carolina (2024)

Car insurance rates in Greensboro are much cheaper than nationwide averages.

Lindsay VanSomeren
Lindsay VanSomeren
  • 8 years in insurance and personal finance writing

  • Former data scientist for U.S. Geological Survey

Lindsay is a freelance personal finance writer currently pursuing her Series 65 license. She enjoys helping readers learn money management skills that improve their lives.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Updated February 29, 2024 at 11:00 AM PST

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Greensboro, North Carolina, drivers pay an average of $65 per month for liability-only coverage and $155 per month for full coverage. This is only 2% lower than the average rate for North Carolina. How much you pay for car insurance could vary, however, depending on your driving profile and coverage needs.

Here’s what you need to know about car insurance in Greensboro, North Carolina.

Quick Facts
  • The North Carolina Rate Bureau helps keep car insurance prices more affordable compared to other states.[1]

  • Greensboro doesn’t experience severe weather as much as coastal North Carolina cities, but storms still can cause car insurance claims.

  • Each company underwrites car insurance policies differently, so it pays to shop around from as many options as possible to find the best rates.

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Best car insurance companies in Greensboro

Car insurance is very affordable across the board in Greensboro compared to the rest of the country. Even so, a few companies emerged as offering especially cheap car insurance, according to Insurify data.

Best insurer for high-risk drivers: Direct Auto

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
3.2
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$51/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$93/mo

Direct Auto specializes in high-risk drivers, offering coverage to people even if they have a spotty driving record. Plus, it advertises low down payments and flexible payment schedules, so drivers without credit cards or checking accounts can still pay their premiums.

Pros
  • 25% active military discount

  • Offers SR-22 certification for drivers with previous infractions

Cons
  • High complaint volume with the National Association of Insurance Commissioners (NAIC)

  • Relatively few coverage options

Great prices.

Daqwanta - December 1, 2023
Verified

Expensive.

Neil - November 29, 2023
Verified

I've never had a problem so far, and I think I'll do a great job.

Fred - November 11, 2023
Verified
Read our Direct Auto review

Best insurer for young drivers: Erie

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
870
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$40/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$58/mo

Erie is touted as one of the best car insurance companies for customer service, as it consistently earns above-average J.D. Power customer satisfaction ratings. Its special rate lock product can help keep insurance costs low over time.

Pros
  • Second-best J.D. Power rating for customer satisfaction[2]

  • Can lock in rate against future price increases

Cons
  • Poor digital experience rating from J.D. Power

  • Not very many available discount options

Over the years, they have always gone over and above what I would have expected. They are fair and prompt in customer service issues. They have always tailored my policy to meet my needs at a very fair price.

linda - August 9, 2023
Verified

I have been with Erie for 73 years. No problems!.

William - July 17, 2023
Verified

My agent was always there for me.

Dinah - December 4, 2022
Verified
Read our Erie Insurance review

Best insurer for full coverage: Nationwide

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.1
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$64/mo

Nationwide is the seventh-largest insurer in the country and one of the most-recognized insurance brands. Drivers can add cost-saving products, like vanishing deductible, physical damage deductible waiver, and accident forgiveness, to their Nationwide policies for ultimate protection. 

Pros
  • Vanishing Deductible option 

  • Low volume of complaints with the NAIC

Cons
  • Rideshare coverage not available

  • Poor J.D. Power rating for claims satisfaction[2]

I am happy with Nationwide.

James - November 5, 2023
Verified

They were there for me when I needed them.

shane - October 30, 2023
Verified

After 50+ years with NW, I don’t feel there is personalized contact.

Paula - October 4, 2023
Verified
Read our Nationwide review

Cheapest liability-only car insurance in Greensboro 

North Carolina requires all drivers to purchase a minimum level of liability insurance coverage for each car. It’s important to note that minimum liability coverage only provides payouts to other people if you injure someone else or damage their property. It doesn’t do anything to protect you or your car. However, because it’s such a bare-bones auto insurance policy type, it’s generally cheaper than policies with additional coverages.

Here are the cheapest insurers in Greensboro for liability-only insurance.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie40
GEICO45
Liberty Mutual45
State Auto47
Dairyland51
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest full-coverage car insurance in Greensboro

“Full coverage” isn’t an exact term, but it generally means purchasing comprehensive and collision coverages, which pay for damages to your car, regardless of fault. If you’re paying off a car loan or lease, most lenders require you to purchase a full-coverage policy, but it’s your choice whether to keep the coverage or drop it once you pay off your loan.

If you’re interested in full-coverage car insurance, check out the insurers with the lowest rates for this type of policy in Greensboro.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie58
Nationwide64
GEICO67
Travelers73
Allstate80
Direct Auto93
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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Car insurance requirements in North Carolina

North Carolina is a tort liability state — also called an at-fault state — meaning you have the right to sue other drivers who injure you or damage your property if they cause a collision, and vice versa.[3] North Carolina requires drivers to carry a minimum amount of liability insurance to pay for damages and injuries they cause.

Here’s how much liability car insurance you need to legally drive in Greensboro:[4]

  • illustration card https://a.storyblok.com/f/162273/x/f2ca9fa443/protection-for-passengers.svg

    Bodily injury liability

    $30,000 per person and $60,000 per accident

  • illustration card https://a.storyblok.com/f/162273/x/7b43b14514/damage-from-aircraft.svg

    Property damage liability

    $25,000 per accident

A minimum liability-only policy offers the best rate in most cases, but it won’t give you a full range of protection. Here are some other common types of car insurance coverages that you might consider adding, depending on your situation:

  • illustration card https://a.storyblok.com/f/162273/x/169fdfde11/liability-coverage.svg

    Collision coverage

    This pays for damage to your car if you hit another vehicle or an object, like a mailbox or pole.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    This pays for damage to your car from non-accident sources, such as falling tree limbs, riots, or even animal-car collisions.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Underinsured/uninsured motorist coverage

    This pays for damage to your car and medical bills if you’re a victim of a hit-and-run driver or if the driver doesn’t have enough insurance.

  • illustration card https://a.storyblok.com/f/162273/x/4c9753bdbe/medical-payments.svg

    Medical payments/personal injury protection (PIP) coverage

    This pays for medical bills (and other expenses, in PIP’s case) for you and your passengers if you’re involved in a collision.

How Much Car Insurance Do You Need? (2024)

How Much Car Insurance Do You Need? (2024)

Cheapest car insurance for drivers with an incident

Car insurance companies generally check your driving record, available on file with the North Carolina Division of Motor Vehicles, when you apply for a policy. If the insurer finds an incident on your report — such as a speeding ticket, DUI, or at-fault accident — it may charge you more for a policy or even decline you coverage altogether.[5]

Here are the cheapest Greensboro car insurance companies for each incident, based on Insurify data, to help you find the best coverage.

Find Car Insurance in Greensboro, NC

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Cheapest car insurance for drivers with a speeding ticket

Speeding was a factor in about one out of every three car-accident-related deaths in 2021, according to the National Highway Traffic Safety Administration.[6] Because speeding can be fatal, insurers tend to charge higher rates for people with a demonstrated history of speeding.

However, you may not see a high increase in your rates after a speeding ticket in Greensboro compared to other infractions. The table below shows the cheapest car insurance companies after a speeding ticket in the city.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie84
GEICO89
Direct Auto129
State Auto131
Liberty Mutual162
Dairyland435
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with an at-fault accident

An at-fault accident on your record will likely increase your rates, unless you included accident forgiveness in your auto insurance policy.[5] After an at-fault accident, your risk for another accident increases, and insurers offset your high-risk driver status by raising your premiums. 

However, Insurify quote data shows that even with an at-fault record, you may still find rates less than $100 a month with the right insurer. The table below shows the average rates insurers charge Greensboro drivers with an at-fault accident on their driving record.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie87
GEICO93
Direct Auto135
State Auto140
Liberty Mutual170
Dairyland452
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Is Accident Forgiveness Insurance Worth It?

Is Accident Forgiveness Insurance Worth It?

Cheapest car insurance for drivers with a DUI

Driving under the influence is one of the most serious driving offenses, and 3,848 people died in crashes involving an impaired driver between 2009 and 2018, according to 2020 Centers for Disease Control and Prevention data.[7] Because of the high risk of loss, drivers with a DUI typically experience the highest rates out of any driver profile. It can be tough in this situation to even find coverage, meaning you might have to resort to an expensive policy from a specialty high-risk insurance company.

The table below shows the cheapest car insurance companies in Greensboro for drivers with a DUI on their record.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie86
GEICO110
Direct Auto138
State Auto151
Liberty Mutual187
Dairyland522
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for seniors

Car insurance companies also factor your age into account, as it can affect your likelihood of getting into an accident. Rates tend to go down after age 35 as you get more experience. By the time you reach age 75, however, rates may start to increase again due to decreased reaction times, eyesight, and hearing capabilities.[8] 

Despite this, senior drivers in Greensboro pay low average rates for car insurance compared to young drivers. The table below shows the cheapest car insurance companies in the city for senior drivers.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
Erie34
GEICO43
Direct Auto59
Liberty Mutual76
Dairyland222
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for teens

Teenagers, on the other hand, have very sharp physical skills but very little experience driving. Teenagers are often at much higher risk of getting into an accident for this reason, and that’s why insurance companies tend to charge younger drivers higher premiums.[9]

You still have plenty of options to find affordable coverage as a teen driver, however. You can stay on your parents’ insurance plan for a few years, drive a car with higher safety ratings, and look for student-centric discounts.

Here are the car insurance companies in Greensboro with the cheapest rates for teen drivers.

The below rates are estimated rates current as of: Thursday, February 29 at 11:00 AM PST
Insurance CompanyAverage Monthly Quote
GEICO99
Erie100
State Auto155
Direct Auto160
Liberty Mutual182
Dairyland483
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

How to get the cheapest car insurance in Greensboro

“The best way to ensure customers get the right amount of coverage for the lowest price is to have a discussion regarding their risk profile,” says Carla Bluitt, agency owner of the Bluitt & Associates Agency in Greensboro. This includes things like the type of car you’re driving, how many drivers there are, what their driving histories look like, and more.

“After this discussion, we can shop their coverage to a variety of insurance carriers we work with to obtain the lowest price possible with the appropriate amount of coverage,” she says.

Working with an independent insurance agency that provides personal one-on-one guidance in navigating the car insurance world can be a good idea for Greensboro drivers. But you can still find cheap car insurance with these tips:

  • Ask about discounts. Look for insurers that offer a wide range of discount options, especially ones that might be relevant for you.

  • Increase your deductible. Choose the plan with the highest deductible you can afford to pay out of pocket, since this typically comes with lower premiums.

  • Review your policy. Consider whether you need to carry full coverage on older cars, especially if you’d be able to pay to replace them after a total loss.

  • Shop for quotes. Get quotes from multiple companies with the same coverage levels to find the best rates for your needs.

Find Car Insurance in Greensboro, NC

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Greensboro car insurance quotes by credit tier

About 95% of car insurance companies look at your credit score when deciding how much to charge you for a policy.[10] If you have an excellent or good credit score, you’ll typically qualify for much lower rates on the same policy compared to someone with a poor credit score.

Here’s how much insurers charge Greensboro residents, on average, according to their credit:

Rates by Credit Tier

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Is car insurance more expensive in Greensboro?

“Comparatively speaking, automobile insurance in North Carolina is less expensive than the rest of the country,” says Bluitt. There can be a few reasons for this. “North Carolina is one of the few states that has a bureau to administer property and casualty rates for automobile insurance.” This helps keep prices low since the state government needs to approve rate increases.

“Fortunately, we are not a coastal territory, so we are less prone to major weather-related factors such as hurricanes but not immune,” says Bluitt. “We think of the tornado that impacted East Greensboro in 2018, and although not common, we do see storms that do have an impact with falling trees, driving conditions, and more.”

More cities in North Carolina

Greensboro car insurance rates run about average for the state, according to Insurify data. Some of the more densely populated cities and ZIP codes in North Carolina, like Charlotte, cost much more than the average quote of $155 per month for full coverage in Greensboro.

CityAverage Monthly QuoteCompared to Greensboro
Charlotte$18217%
Durham$148-5%
Fayetteville$18922%
High Point$146-6%
Raleigh$137-11%
Winston-Salem$128-18%
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Greensboro car insurance FAQs

Have more questions about Greensboro car insurance? Check out the answers to common questions below and read Insurify’s guide on the average cost of car insurance in North Carolina.

  • How much is car insurance in Greensboro?

    The average cost of car insurance in Greensboro is $65 a month for liability-only policies and $155 a month for full-coverage policies. These rates are cheaper than the national average and state average car insurance costs.

  • What are the best car insurance companies in Greensboro?

    The best car insurance companies in Greensboro are Erie and State Farm. These insurers have high Insurify Quality Scores, excellent J.D. Power ratings in the southeast region, and strong A.M. Best financial strength ratings.

  • What factors affect the cost of car insurance in Greensboro?

    Your age, driving history, vehicle, and ZIP code affect the cost of your car insurance in Greensboro. Furthermore, the city’s accident and car theft rates, plus severe weather occurrences, can influence how much Greensboro residents pay for car insurance.[9]

  • How much car insurance do you need in North Carolina?

    North Carolina requires drivers to carry 30/60/25 minimum liability insurance limits. This translates to $30,000 per person and $60,000 per accident for bodily injury liability, plus $25,000 per accident for property damage liability.[4]

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. North Carolina Rate Bureau. "Private Passenger Automobile FAQs." Accessed June 30, 2023
  2. J.D. Power. "2023 U.S. Auto Insurance Study." Accessed June 30, 2023
  3. Nolo. "North Carolina Auto Accident Laws." Accessed June 30, 2023
  4. North Carolina Department of Transportation. "Insurance Requirements." Accessed June 30, 2023
  5. III. "Do auto insurance premiums go up after a claim?." Accessed June 30, 2023
  6. NHTSA. "Speeding and Aggressive Driving Prevention." Accessed June 30, 2023
  7. Centers for Disease Control and Prevention. "Sobering Facts: Alcohol-Impaired Driving - North Carolina." Accessed June 30, 2023
  8. III. "Senior driving safety and insurance tips." Accessed June 30, 2023
  9. III. "What determines the price of an auto insurance policy?." Accessed June 30, 2023
  10. NAIC. "Credit-Based Insurance Scores." Accessed June 30, 2023
Lindsay VanSomeren
Lindsay VanSomeren

Lindsay VanSomeren is a freelance personal finance writer living in Suquamish, WA. Her work has appeared with FICO, Credit Karma, The Balance, and more. She enjoys helping people learn how to manage their money better so they can live the life they want.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

Featured in

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