The words “economical” and “insurance” really shouldn’t be used together, specifically when searching for the best price on coverage for immigrants. Because it’s not cheap, let’s go over a few of the factors that have a considerable impact on insurance prices, and figure out some ideas to take the bite out of the next policy you buy.
For foreigners, one of the more important considerations that are looked at to help calculate car insurance rates is where you call home in Greensboro. More populated areas likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The next table lists the highest-priced places in North Carolina for immigrants to purchase a policy in. Greensboro is listed at #9 having an annual price of $763 for car insurance, which is around $64 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Fayetteville | $896 |
| 2 | Jacksonville | $873 |
| 3 | Charlotte | $816 |
| 4 | Gastonia | $803 |
| 5 | Durham | $773 |
| 6 | Raleigh | $767 |
| 7 | Goldsboro | $765 |
| 8 | Wilmington | $765 |
| 9 | Greensboro | $763 |
| 10 | Apex | $747 |
| 11 | Wilson | $746 |
| 12 | Indian Trail | $745 |
| 13 | Cary | $742 |
| 14 | Huntersville | $734 |
| 15 | Hickory | $732 |
| 16 | High Point | $731 |
| 17 | Greenville | $730 |
| 18 | Rocky Mount | $718 |
| 19 | Chapel Hill | $717 |
| 20 | Salisbury | $705 |
| Compare Rates Now Go | ||
Prices are estimated as the specific garaging location can modify rates considerably.
The car, truck, or SUV requiring coverage is one of the biggest factors when shopping for the most affordable coverage for immigrants. Vehicles with reasonable performance levels, an excellent safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models. The list below illustrates coverage prices for the cheapest vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,086 |
| Honda Odyssey LX | $1,191 |
| Honda CR-V EX-L 4WD | $1,217 |
| Ford Escape XLT 4WD | $1,259 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,274 |
| Toyota Camry LE | $1,288 |
| Ford Fusion S 4-Dr Sedan | $1,296 |
| Dodge Grand Caravan SXT | $1,311 |
| Toyota Prius | $1,323 |
| Honda Civic LX 4-Dr Sedan | $1,330 |
| Toyota Tacoma 4WD | $1,332 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,338 |
| Ford F-150 Lariat Crew Cab Platinum 2WD | $1,379 |
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Price information does not factor in zip code location which can increase or decrease insurance rates considerably.
Based upon the rates shown, vehicles like the Honda Accord, Honda Odyssey, and Honda CR-V are most likely going to be the most affordable vehicles to insure for foreigners.
Choosing the best car insurance company can be rather challenging considering how many choices you have in Greensboro. The company ratings in the lists below could help you choose which coverage providers you want to consider when comparing rates. These ratings include the largest auto insurers in America, so smaller companies that only insure vehicles in North Carolina are not factored into this list.
Top 10 Large Car Insurance Companies in Greensboro Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Top 10 Large Car Insurance Companies Overall in Greensboro
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
How to get discounts on Greensboro insurance
Insurers that offer quotes for immigrants may also offer price discounts that could reduce prices by as much as 25% or more if you meet specific eligibility requirements. A list of insurance companies and some of their more popular discounts can be read below.
- State Farm may include discounts for Steer Clear safe driver discount, passive restraint, driver’s education, accident-free, anti-theft, good student, and multiple autos.
- Farmers Insurance offers premium reductions for early shopping, mature driver, alternative fuel, switch companies, and good student.
- GEICO policyholders can earn discounts including emergency military deployment, federal employee, seat belt use, daytime running lights, and driver training.
- American Family may offer discounts for Steer into Savings, air bags, accident-free, good student, and defensive driver.
- Nationwide has discounts for good student, easy pay, multi-policy, anti-theft, and business or organization.
- Progressive offers discounts including multi-policy, continuous coverage, online signing, multi-vehicle, homeowner, online quote discount, and good student.
The example below visualizes the comparison of premium costs with and without discounts applied to the policy premium. The data is based on a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, vehicle safety, anti-theft, multiple policy, safe-driver, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for immigrants is 27% or $372.
The diagram below demonstrates how choosing different deductibles can raise or lower insurance prices when getting quotes for cheap insurance for immigrants. The premiums are based on a single female driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower their policy premium by $226 a year by increasing from a $100 deductible up to a $500 deductible, or save $340 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could reduce their rates as much as $502 every year just by choosing higher deductibles. If you do make the decision to raise your deductibles, it’s a good idea to have plenty of savings on hand to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.