Cheap Car Insurance in Greensboro, NC
Everything You Need to Know about Auto Insurance in North Carolina
The third largest city in North Carolina, Greensboro is one of the state’s most exciting destinations. It is steeped in historical tradition and home to iconic sites like the International Civil Rights Center and Museum, Guilford Courthouse National Military Park, and the Greensboro History Museum. However, Greensboro is best known for its Sports culture.
Affectionately known as “Tournament Town,” it hosts several national men’s and women’s sports tournaments, including the U.S. Figure Skating Championships and the PGA Wyndham Championship.
Auto insurance in North Carolina is required. Keep reading to learn more about Greensboro car insurance, including North Carolina’s minimum liability limits, available discounts, and the region’s average monthly premiums paid by age and zip code.
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How Much Does Car Insurance Cost in Greensboro, NC?
Greensboro drivers pay an average monthly premium of $109 for full coverage, significantly lower than the national average of $140 and somewhat lower than the state average of $120. For the state-required minimum liability, drivers in Greensboro average $33 a month, similar to the state average of $36 and lower than the national average of $48.
What is the Difference Between Full Coverage and Minimum?
Full coverage offers much more protection to your finances. It consists of liability, comprehensive and collision. The liability is your normally required state minimum (or more if you want to increase it).
Comprehensive pays for things that happen to your vehicle typically when you are not driving. Theft, for example, or vandalism. It also pays for things like hail storm damage.
Collision pays for repairs even if you are at fault for an accident. Keep in mind that if you cause an accident, your required liability will pay nothing toward your own damages. That’s where collision coverage comes in.
The minimum is what your state requires in order for you to drive legally. In North Carolina, that consists of:
- Bodily Injury Liability Per Person: $30,000
- Bodily Injury Liability Per Accident: $60,000
- Property Damage Liability Per Accident: $25,000
Remember, if you hydroplane on a wet road and crash into someone’s new car, the repairs may be more than $25,000, which is the state’s required minimum. Anything over $25,000 will come out of your pocket. It might be a good idea to increase those limits to at least $50,000.
How Much is Affordable Car Insurance Rates in Different North Carolina Cities?
For the average monthly premium paid North Carolina cities, check out our breakdown below.
| City | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Greensboro | $109 | $33 |
| Charlotte | $127 | $45 |
| Durham | $104 | $32 |
| Raleigh | $106 | $37 |
| Winston Salem | $101 | $34 |
Affordable Car Insurance Rates by Zip Code in Greensboro, NC
Every zip code in Greensboro pays a different average monthly premium, thanks to several factors, including claims rate, theft rate, and the ratio of younger to older drivers.
For the average monthly premium paid by Greensboro residents by zip code, see our breakdown below.
| Zip Code | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| 27260 | $119 | $41 |
| 27301 | $109 | $34 |
| 27401 | $123 | $42 |
| 27402 | $124 | $43 |
| 27403 | $122 | $42 |
| 27404 | $124 | $43 |
| 27405 | $120 | $41 |
| 27406 | $120 | $41 |
| 27407 | $120 | $41 |
| 27408 | $103 | $35 |
| 27409 | $104 | $35 |
Low-Cost Car Insurance Rates by Age in Greensboro, NC
Auto insurance is generally more expensive for younger drivers. Expect premiums for younger drivers to remain elevated through their early 20s before tapering down through their 30s, 40s, and 50s (assuming a clean driving record).
For the average monthly premium paid by Greensboro residents by age, see our breakdown below:
| Age | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Teenagers | $271 | $93 |
| 20s | $136 | $46 |
| 30s | $122 | $41 |
| 40s | $120 | $41 |
| 50s | $111 | $38 |
| 60s | $114 | $40 |
| 70s | $119 | $41 |
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by North Carolina. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.
Driving Conditions in Greensboro, NC
How Many FataI Accidents Happen in Greensboro?
In 2019, there were 31 fatal accidents in Greensboro involving 46 vehicles and 59 people, including ten pedestrians.
How Are the Road Infrastructure and Bridges in Greensboro, North Carolina?
The city of Greensboro has an active Public Works Department focused on road infrastructure and bridges. One of its key departments is the Engineering and Inspections Department, which focuses on traffic signal maintenance, pothole repairs, pavement upgrades, and similar responsibilities.
Minimum Car Insurance Requirements in Greensboro, North Carolina
To drive legally in the state of North Carolina, all Greensboro drivers must carry the following minimum liability limits:
- Bodily Injury Liability Per Person: $30,000
- Bodily Injury Liability Per Accident: $60,000
- Property Damage Liability Per Accident: $25,000
A good idea is to choose higher liability limits. A single-car accident could easily exceed these minimums, forcing you to pay for the rest out of pocket.
Is Uninsured Motorist Coverage Required in North Carolina?
Although uninsured motorist coverage (UIM) and underinsured motorist coverage is not required in North Carolina, it’s definitely worth its price. For example, if you choose the cheapest car insurance in Greensboro, the minimum liability, and you total someone’s new car, you would be considered an underinsured driver because your $25,000 property damage limit most likely would not cover all the repairs.
It’s the same if an uninsured or underinsured driver hits you. You can take the driver to court, but if they have nothing, you’ll still be out the repairs to your vehicle. UIM costs average around $50 to $75 annually. That’s definitely a bargain when you think of the alternative!
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What Are the Penalties for Driving Without Insurance in Greensboro, NC?
When pulled over at a traffic stop, all Greensboro drivers must have an active auto insurance policy.
Failure to provide proof of insurance and a traffic stop will result in severe consequences. First-time offenders should expect to pay a $50 simple penalty and a $50 reinstatement fee with driving privileges suspended for 30 days. Second, third, and subsequent offenders will see civil penalties up to $150, with the possibility of a one to 45-day jail or probation period.
All drivers must carry the following minimum coverage limits $30,000 in bodily injury coverage per person, $60,000 in bodily injury coverage for accidents, and $25,000 for property damage liability per accident.
All auto insurance companies must report any lapses and coverage to your state’s DMV.
Car Insurance Factors Allowed in Greensboro, NC
Insurance underwriters assess your risk by evaluating several factors, including:
- Age
- Gender
- Zip code of residence
- Marital status
- Driving record
- Type of vehicle
Discounts for Car Insurance in Greensboro, North Carolina
There are plenty of discounts for Greensboro drivers. Some of these include:
Some of the more popular discounts are safety discounts. Risk-proofing your vehicle by installing adaptive cruise control, adaptive headlights, anti-theft devices, anti-lock brakes, and similar features may qualify.
Discount availability depends on the auto insurance company. For example, one company may offer a 10% discount by enrolling in defensive driving courses, whereas a competing company may only provide a 5% savings for the same thing.
Check with your agent at least once a year.
Get an Online Quote for Low-Cost Car Insurance in Greensboro, NC Today!
With all the knowledge you now have about Greensboro car insurance, it’s an excellent time to explore your coverage options with Freeway Insurance.
Getting started is easy. Request a quote online, call 800-777-5620 or stop by one of our locations to speak with one of our agents. Get in touch with us today!