The words “low-priced” and “auto insurance” really shouldn’t be used together, specifically when searching for the cheapest coverage for drivers with accidents. To help control this cost, let’s take a look at some of the factors that help determine car insurance premiums, and find some ways to take the sting out of the next policy you buy.
Deciding which company quotes the most affordable insurance rates for drivers with accidents will take a tad more effort in order to find the best policy.
Each auto insurance company has a unique formula for setting rates, so let’s take a look at the overall cheapest insurance companies in Greensboro. It’s important to understand that Greensboro insurance rates are based on many factors that control the cost of coverage. Turning one year older, getting married, or getting a speeding ticket can trigger rate changes that may make certain companies cheaper than competitors.
Find the Cheapest Car Insurance for Accident Prone Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $639 |
| 2 | Utica National | $643 |
| 3 | Penn National | $717 |
| 4 | Liberty Mutual | $728 |
| 5 | GEICO | $728 |
| 6 | Titan | $729 |
| 7 | NC Farm Bureau | $730 |
| 8 | State Farm | $772 |
| 9 | Auto-Owners | $878 |
| 10 | National General | $881 |
| 11 | Erie | $895 |
| 12 | Allied | $919 |
| 13 | Travelers | $927 |
| 14 | Peerless | $1,002 |
| 15 | MetLife | $1,038 |
| 16 | Nationwide | $1,041 |
| 17 | Unitrin | $1,042 |
| 18 | Safeco | $1,044 |
| 19 | Encompass | $1,073 |
| 20 | Allstate | $1,097 |
| Find Cheaper Rates Go | ||
Progressive quotes some of the lowest car insurance rates in Greensboro at around $639 per year. This is $233 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Penn National, Liberty Mutual, and GEICO would also make the list of some of the best Greensboro, NC insurance companies.
In the above example, if you are a policyholder with Utica National and switched to Progressive, you may realize savings of upwards of $4. Customers with Penn National may save as much as $78 a year, and Liberty Mutual policyholders might lower prices by $89 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or quote prices from the following companies.
Bear in mind that those policy prices are averages for all types of insureds and vehicles and and are not calculated with an exact zip code location for drivers with accidents. So the car insurance company that fits your situation best may not even be in the top 20 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.
One of the more important components that determine car insurance rates is where you choose to live in Greensboro. Larger areas tend to pay slightly more, whereas less populated areas get the luxury of paying less.
The next table sorts the most expensive places in North Carolina for drivers with accidents in which to purchase auto insurance. Greensboro shows up at #6 costing $779 for the average insurance policy, which is about $65 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $864 |
| 3 | Gastonia | $811 |
| 4 | Charlotte | $808 |
| 5 | Durham | $789 |
| 6 | Greensboro | $779 |
| 7 | Cary | $772 |
| 8 | Huntersville | $764 |
| 9 | Wilmington | $758 |
| 10 | Apex | $747 |
| 11 | Goldsboro | $743 |
| 12 | Greenville | $738 |
| 13 | Raleigh | $737 |
| 14 | Hickory | $732 |
| 15 | Wilson | $732 |
| 16 | Rocky Mount | $726 |
| 17 | Chapel Hill | $724 |
| 18 | High Point | $723 |
| 19 | Indian Trail | $723 |
| 20 | Winston Salem | $709 |
| Find Cheaper Insurance Go | ||
Price information shown is comparative as the specific area where the vehicle is garaged can affect rates significantly.
Full coverage rates compared to liability-only
Saving on insurance is the goal of most vehicle owners, and one of the easiest ways to pay less for insurance for drivers with accidents is to only buy liability coverage. The chart below illustrates the difference between car insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The rates are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no policy discounts are applied.
Averaged out for all age groups, comp and collision coverage costs $1,139 per year over having just liability coverage. That raises the question if you should buy full coverage at all. There is no written rule for eliminating full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s say your vehicle’s book value is $4,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,500 after paying your deductible. If it’s costing you more than $350 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
Insuring your vehicle with the top company can be difficult considering how many choices there are in North Carolina. The company ratings below can help you analyze which companies you want to consider when buying insurance for drivers with accidents. The rankings below are only comprised of the largest companies in America, so smaller companies that only insure vehicles in North Carolina are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Discount Greensboro auto insurance rates
Insurers that offer cheap quotes for drivers with accidents may provide policy discounts that can lower rates by 25% or more if you qualify for them. A list of companies and the discounts they provide are:
- State Farm offers discounts for good driver, student away at school, anti-theft, multiple policy, multiple autos, and driver’s education.
- Progressive includes discounts for online quote discount, multi-vehicle, continuous coverage, online signing, and good student.
- Travelers may offer discounts for good student, multi-car, save driver, payment discounts, hybrid/electric vehicle, student away at school, and home ownership.
- American Family offers premium reductions for air bags, mySafetyValet, good driver, multi-vehicle, TimeAway discount, and accident-free.
- Liberty Mutual has savings for teen driver discount, new graduate, newly retired, hybrid vehicle, newly married, new vehicle discount, and multi-car.
The information below shows the difference between yearly insurance costs with and without discounts applied to the policy rates. Data assumes a male driver, two accidents and no citations, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, continuous coverage, paperless filing, multiple vehicle, anti-theft, and marriage discounts applied. When taking advantage of discounts, theamount saved on insurance for drivers with accidents is 29% or $740.
Here’s why you should compare rates often
North Carolina insurance rates are impacted by many factors which can substantially change the cost of a policy. Simply getting older, moving to a different location, or getting a couple of tickets can trigger rate changes that may make certain companies cheaper than competitors. In addition to those changes, auto insurance companies file new rates as needed in order to maintain liquidity for claims. Heavy losses may result in price increases, while a better loss history may produce more affordable Greensboro car insurance rates.
The graph below shows the companies that have the cheapest car insurance in Greensboro, NC for a 40-year-old male driver with no prior claims, no tickets, and a decent credit rating. If we look at prices based on his personal risk profile, Progressive may offer the most affordable car insurance rates in Greensboro at $717 per year. This is $155 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO are the remainder of the top five cheapest Greensboro, NC auto insurance companies.
The chart below compares rates after we give the driver from above a claim, bad credit, and a few traffic violations. Since each company has a unique formula to set their prices, getting updated rate quotes could now result in a different set of affordable Greensboro car insurance companies as shown below.
Titan now has the lowest price in Greensboro with State Farm, Auto-Owners, National General, and Allied also being competitive. This example proves why it is so important to perform an extensive rate comparison when trying to get the most affordable car insurance rates for drivers with accidents.
Rates can be determined by many things and can change substantially, so the lowest-price company three years ago may now be one of the more expensive options.