Who Has the Cheapest Auto Insurance for High School Students in Greensboro?

One of the many criteria that are looked at to help calculate the amount you pay for auto insurance is where you live. Areas with more people or higher crime rates likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.

The illustration below sorts the highest-priced places in North Carolina for high school students in which to buy car insurance. Greensboro ranks #5 with a yearly premium of $786 for the average policy, which is about $66 monthly.

Prices are comparative as the specific geographic location can decrease or increase premium rates considerably.

The type of vehicle that needs insurance is one of the primary factors when quoting affordable coverage for high school students. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models.

The next table illustrates insurance premiums for a handful of the most affordable vehicles to insure in North Carolina.

Price data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence coverage rates noticeably.

By looking at the data, you can figure that cars like the Ford Escape, Honda CR-V, Hyundai Elantra, Toyota Prius, and Honda Odyssey will definitely be the most budget-friendly vehicles to insure for teenagers. The cost of auto insurance will trend higher because of the fact that there is more risk for high school students, but in general those particular vehicles will tend to have the lowest insurance prices compared to other types of vehicles.

Buying cheap insurance is challenging, and figuring out which companies quote the best insurance rates for high school students will take a bit more work. Each auto insurance company uses their own calculation to set their prices, so let’s begin by examining the insurance companies with the overall cheapest rates in Greensboro, NC.

Best Auto Insurance Prices for Students

Compare Rates and Save

Utica National may offer some of the most affordable car insurance rates in Greensboro at around $636 each year. This is $236 less than the average price paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Penn National, and Liberty Mutual also make the cut as some of the best Greensboro, NC auto insurance companies.

In the above example, if you are currently insured with NC Farm Bureau and switched to Utica National, you might achieve a yearly savings of in the neighborhood of $80. Policyholders with Penn National may save as much as $81 a year, and Liberty Mutual insureds might lower prices by up to $92 a year.

These rates are averages for all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for high school students. So the auto insurance company that has the cheapest rates for you may not even be in the top 20 companies shown above. That emphasizes why you need to compare as many prices as possible using your own driver data and vehicle information.

Get discounts on Greensboro insurance rates

Insurers that offer cheap quotes for high school students may also give you policy discounts that could reduce prices by as much as 35% or more if you are eligible. A few popular companies and their offered discounts can be read below.

• GEICO has savings for emergency military deployment, defensive driver, anti-theft, good student, and air bags.
• MetLife discounts include good student, defensive driver, good driver, claim-free, accident-free, multi-policy
• State Farm offers premium reductions for good student, defensive driving training, Drive Safe & Save, driver’s education, passive restraint, accident-free, and safe vehicle.
• Progressive offers discounts for continuous coverage, multi-policy, online quote discount, good student, homeowner, multi-vehicle, and online signing.
• Mercury Insurance offers discounts including location of vehicle, ease of repair, professional/association, age of vehicle, and annual mileage.
• 21st Century has discounts for homeowners, air bags, automatic seat belts, defensive driver, teen driver, and early bird.
• Allstate policyholders can earn discounts including passive restraint, defensive driver, utility vehicle, economy car, FullPay discount, good student, and auto/life discount.

The diagram below shows the difference between insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, vehicle safety, good student, paid-in-full, paperless filing, and passive restraint discounts applied. In this example, theaverage amount saved on insurance for high school students is 28% or $651.

Full coverage rates vs. liability-only in Greensboro

Paying a lower price for insurance is the goal of most drivers, and one of the fastest ways to pay lower rates for insurance for high school students is to not insure for full coverage. The information below illustrates the difference between car insurance costs when comparing full coverage to liability only. The rates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

If averaged out across all ages, full coverage on your policy costs an additional $1,401 per year more than just buying liability insurance. A very common question is if it’s worth it to buy full coverage. There is no exact rule to eliminate physical damage coverage, but there is a general guideline. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s settlement value is $6,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,500 after paying your deductible. If you are paying in excess of $550 annually for physical damage coverage, then it might be time to buy liability only.

Ratings for Greensboro insurance companies

Insuring your vehicle with the best company can be difficult considering how many different companies sell coverage in Greensboro. The company information shown next could help you pick which providers you want to consider when shopping insurance around for high school students.

These ratings only include companies that insure vehicles across America, so companies with more of a regional focus are not taken into consideration for the list. To compare prices from many more North Carolina auto insurance companies, click this link.

Top 10 Major Auto Insurance Providers Overall in Greensboro

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top 10 Major Auto Insurance Providers in Greensboro Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance