Who Has the Cheapest Greensboro Auto Insurance Rates for Teachers?

The words “cheap” and “insurance” probably shouldn’t be used together, especially when looking for the best coverage prices for teachers. To help control this cost, let’s start the ball rolling by going over a few of the factors that help determine insurance premiums, and see if you can take the bite out of the next policy you buy.

Deciding which companies quote the cheapest car insurance rates for teachers may require a bit more effort than just getting one or two price quotes. Each company uses a little different formula to determine rates, so we will examine the car insurance companies with the overall best prices in Greensboro, NC.

We do need to point out that Greensboro, NC car insurance rates are influenced by many factors that control your annual premium. Getting older, becoming a homeowner, or having a fender bender may prompt premium changes that can make some companies more affordable than the competition.

Cheapest Insurance Rates for Educators

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Utica National has some of the lowest car insurance rates in Greensboro at around $636 per year. This is $236 less than the average rate paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Liberty Mutual, and Penn National also rank well as some of the best Greensboro, NC car insurance companies.

In the above example, if you currently have coverage with NC Farm Bureau and switched to Utica National, you might see yearly savings of about $80. Policyholders with Liberty Mutual may save as much as $85 a year, and Penn National insureds might lower prices by $89 a year.

Remember that these policy prices are averages for all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for teachers. So the auto insurance company that has the cheapest price for you may not even be in the list above. That illustrates why you need to quote rates from many companies using your own driver data and vehicle information.

One of the many criteria that are looked at to determine auto insurance rates is where you live. More densely populated places are more likely to have higher rates, whereas more rural areas benefit from lower coverage costs.

The table below rates the most costly cities in North Carolina for teachers in which to buy car insurance. Greensboro shows up at #5 with a yearly premium of $786 for the average insurance policy, which is about $66 per month.

Premium costs are comparative as the specific area where the vehicle is garaged can influence premiums greatly.

The type of vehicle requiring insurance is one of the main factors that determines whether or not you find the most affordable insurance for teachers. Vehicles with reasonable performance levels, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than high performance models.

The next list shows car insurance rates for a selection of the most cost-effective vehicles to insure in North Carolina.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in vehicle garaging location which can affect price quotes significantly.

Based on these rates, we can infer that makes and models like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Jeep Wrangler are most likely to be the most budget-friendly vehicles to insure for teachers and educators.

Violations and accidents raise rates

The ideal way to earn the best car insurance premiums for teachers and educators is to be a good driver and avoid accidents and keep your driving record clean. The diagram below highlights how traffic violations and at-fault accidents can impact auto insurance rates for each different age group. The premiums are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

In the chart above, the average cost of auto insurance in Greensboro per year with no accidents or violations is $1,360. Add in one speeding ticket and the average cost surges to $1,539, an increase of $179 each year. Then include two accidents along with the one speeding ticket and the 12-month cost of car insurance for teachers increases to an average of $3,049. That’s an increase of $1,689, or $141 per month, just for being a little careless behind the wheel!

North Carolina car insurance companies

Picking the top insurer can be rather challenging considering how many companies sell coverage in North Carolina. The company rank data below may help you decide which auto insurance companies you want to consider when comparing rate quotes.

The rankings below are only made up of companies that write coverage in many states, so companies that may only write in North Carolina will not be included in these rankings. If you wish to compare prices from these and other competitive companies, follow this link.

Top 10 Large Auto Insurance Companies in Greensboro Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top 10 Large Auto Insurance Companies 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

Are you paying too much for car insurance in Greensboro?

Greensboro, NC car insurance rates are influenced by many factors that will increase or decrease the policy price. Simply getting older, moving to a different location, or getting a few speeding tickets can cause premium changes resulting in some companies being cheaper in comparison to the competition.

Additionally, insurers modify pricing multiple times each year to help ensure profitability. Higher than normal claim frequency or severity may result in more expensive premiums, while a better loss history may produce cheaper Greensboro car insurance rates.

To illustrate this example, the data below shows which company has the cheapest car insurance in Greensboro, NC for a 30-year-old female driver with no prior accidents, a clean driving record, and a good credit rating. If we estimate prices based on her current situation, Progressive offers the most affordable car insurance rates in Greensboro at $721 each year. This is $151 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Titan, and NC Farm Bureau are the rest of the cheapest Greensboro, NC auto insurance companies.

Now let’s give the driver in the first example a chargeable claim, a lower credit score, and a speeding ticket. Since each auto insurance company has a different formula for determining rates, analyzing rates may now result in a new list of affordable companies as shown below.

Penn National now has the lowest car insurance rate in Greensboro with State Farm, Utica National, Auto-Owners, and National General now being in the top five. This example shows why consumers need to compare lots of rates when trying to find the most economical insurance rates for teachers. Car insurance prices can be determined by many things and can change without notice, so the most economical company when you last compared rates may now be an over-priced policy.