The vehicle you are buying coverage for is a significant factor in finding cheaper coverage for drivers with a bad driving record. Vehicles with lots of speed or power, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models. The next table showcases coverage prices for the most budget-friendly automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $3,654 |
| Ford Escape XLT 4WD | $3,695 |
| Honda CR-V LX 2WD | $3,824 |
| Jeep Wrangler Sport 4WD 2-Dr | $3,897 |
| Toyota Prius | $4,119 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,279 |
| Chevrolet Impala LS | $4,288 |
| Ford Explorer Eddie Bauer 2WD | $4,325 |
| Chevrolet Equinox LT 2WD | $4,329 |
| Toyota Tacoma Double Cab 4WD | $4,370 |
| Dodge Grand Caravan SE | $4,428 |
| Volkswagen Jetta SE 2.5 Station Wagon | $4,444 |
| Ford Focus S 4-Dr Sedan | $4,485 |
| Toyota RAV4 Sport 2WD | $4,531 |
| Ford Edge SEL 2WD | $4,595 |
| Jeep Grand Cherokee Laredo 2WD | $4,643 |
| Chevrolet Malibu Hybrid | $4,649 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $4,691 |
| Hyundai Sonata GLS 4-Dr Sedan | $4,707 |
| Nissan Rogue SL 2WD | $4,717 |
| Honda Odyssey EX-L | $4,734 |
| Toyota Corolla XRS | $4,778 |
| Ford F-150 Lariat King Ranch 4WD | $4,824 |
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Above prices assume single female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in garaging location in Greensboro, NC which can impact coverage prices greatly.
Based on these rates, you can infer that models like the Honda Accord, Ford Escape, and Honda CR-V are a few of the more affordable vehicles to insure for bad drivers. The cost of a car insurance policy will be more expensive just due to the fact that there is more liability exposure for drivers with a bad driving record, but in general those models will probably have the best insurance prices compared to other vehicles.
For bad drivers, one of the big things that are used to help calculate the cost of insurance is the neighborhood you call home. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.
The information below sorts the highest-priced areas in North Carolina for drivers with a bad driving record to buy an auto insurance policy in. Greensboro comes in at #5 with the annual price of $779 for the average policyholder, which is around $65 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Fayetteville | $896 |
| 2 | Jacksonville | $864 |
| 3 | Charlotte | $832 |
| 4 | Durham | $789 |
| 5 | Greensboro | $779 |
| 6 | Gastonia | $779 |
| 7 | Cary | $765 |
| 8 | Raleigh | $760 |
| 9 | Wilmington | $758 |
| 10 | Wilson | $746 |
| 11 | Indian Trail | $745 |
| 12 | Huntersville | $742 |
| 13 | Rocky Mount | $740 |
| 14 | Hickory | $740 |
| 15 | Goldsboro | $735 |
| 16 | Greenville | $730 |
| 17 | High Point | $723 |
| 18 | Apex | $717 |
| 19 | Salisbury | $705 |
| 20 | Chapel Hill | $696 |
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Table data uses comparative as the specific garaging location can change premium rates noticeably.
Deciphering which companies quote the most affordable insurance rates for drivers with a bad driving record requires more time in order to find the lowest price quote. Each insurance company uses their own formula to determine premium rates, so we’ll take a look at the most affordable insurance companies in Greensboro, NC.
We do need to point out that North Carolina insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. Improving your credit score, getting divorced, or having a fender bender can cause premium changes resulting in some rates now being cheaper than others.
Best Car Insurance Prices for Imperfect Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $655 |
| 2 | Progressive | $658 |
| 3 | NC Farm Bureau | $709 |
| 4 | Penn National | $717 |
| 5 | Liberty Mutual | $728 |
| 6 | Titan | $729 |
| 7 | State Farm | $749 |
| 8 | GEICO | $750 |
| 9 | Auto-Owners | $878 |
| 10 | Erie | $895 |
| 11 | National General | $908 |
| 12 | Travelers | $927 |
| 13 | Allied | $928 |
| 14 | Peerless | $1,002 |
| 15 | Nationwide | $1,011 |
| 16 | Unitrin | $1,012 |
| 17 | Safeco | $1,044 |
| 18 | MetLife | $1,049 |
| 19 | Encompass | $1,063 |
| 20 | Allstate | $1,097 |
| Find Your Rate Go | ||
Utica National offers some of the cheapest car insurance rates in Greensboro at around $655 each year. Progressive, NC Farm Bureau, Penn National, and Liberty Mutual also make the cut as some of the cheaper Greensboro, NC car insurance companies.
As shown in the table above, if you currently have coverage with Penn National and switched to Progressive, you could see an annual savings of about $59. Drivers with Liberty Mutual might save as much as $70 a year, and Titan insureds might reduce rates by $71 a year.
Remember that these premium estimates are averages for all drivers and vehicles in North Carolina and are not factoring in a specific zip code for drivers with a bad driving record. So the car insurance company that can offer you the best price may not even be in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The illustration below shows how choosing a deductible can change yearly insurance costs when getting quotes for cheap insurance for drivers with a bad driving record. The rate quotes are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could lower their policy premium by $196 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $298 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, have the ability to save as much as $502 annually by selecting a higher deductible.
When raising deductibles, it will be important to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Insurance rates are higher with tickets and accidents
The ideal way to get the most affordable insurance premiums in Greensboro for bad drivers is to drive carefully and avoid getting tickets or having accidents. The information below demonstrates how traffic citations and at-fault fender-benders can drive up insurance costs for each different age category. The price estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,348. Add in one speeding ticket and the average cost increases to $1,571, an increase of $223 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers with a bad driving record goes up to an average of $3,500. That’s an increase of $2,153, or $179 per month, just for not driving carefully!
Rate comparison of full coverage and liability-only
Paying a lower price for insurance is probably important to the majority of drivers, and one common way to pay less for insurance for drivers with a bad driving record is to only buy liability insurance. The chart below illustrates the difference between insurance costs when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are applied.
As an average, physical damage coverage costs $1,139 per year more than just buying liability only. Lot’s of drivers question if it’s worth it to buy full coverage. There is no specific rule to drop full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
There are some scenarios where eliminating full coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
How to find budget-friendly insurance for drivers with a bad driving record
It is possible to find better rates, and here are many penny-pinching suggestions that can help Greensboro drivers buy more affordable coverage.
- Remain accident-free and save
- Higher deductibles save money
- Save money by only buying liability coverage for older vehicles
- Pay lower rates with good credit
- Choose a safer vehicle and pay lower rates
- Save money by obeying traffic laws and keeping a clean driving record
- Shop around for cheaper prices often
The last item on the list is remarkably vital, as was emphasized in the prior article. Insurance rates in Greensboro vary considerably, so don’t be tentative to switch companies if a better deal can be had. Brand loyalty is not necessarily bad, but it’s not a good idea if that loyalty ends up costing money that could be used for better things. Take a few minutes and compare prices to find cheaper auto insurance for drivers with a bad driving record.