For young women, one of the more important components that are used to help calculate the price you pay for insurance is where you normally keep your vehicle. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.
The next table ranks the highest-priced places in North Carolina for 20 year old women to buy car insurance in. Greensboro makes the list at #8 with the annual price of $763 for car insurance, which is around $64 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Jacksonville | $900 |
| 2 | Fayetteville | $896 |
| 3 | Charlotte | $832 |
| 4 | Durham | $797 |
| 5 | Wilmington | $781 |
| 6 | Gastonia | $779 |
| 7 | Raleigh | $767 |
| 8 | Greensboro | $763 |
| 9 | Greenville | $752 |
| 10 | High Point | $745 |
| 11 | Indian Trail | $745 |
| 12 | Huntersville | $742 |
| 13 | Cary | $742 |
| 14 | Hickory | $740 |
| 15 | Goldsboro | $735 |
| 16 | Chapel Hill | $724 |
| 17 | Wilson | $724 |
| 18 | Rocky Mount | $718 |
| 19 | Apex | $717 |
| 20 | Winston Salem | $716 |
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Table data uses approximated as specific Greensboro garaging address can influence premium rates noticeably.
Comparing rates for low-priced car insurance is not the easiest thing to do, and determining which company has the best insurance rates for 20 year old women takes additional perseverance. Each insurer uses a little different formula for establishing rates, so to begin we’ll rank the insurance companies that tend to have lower prices in Greensboro.
Keep in mind that Greensboro, NC insurance rates are influenced by many factors that will increase or decrease the price you pay. Things like getting older, buying higher coverage limits, or getting a couple of tickets can produce rate changes that may make certain companies more expensive than before.
Cheapest Insurance Rates for Women Age 20
Utica National quotes some of the most affordable car insurance rates in Greensboro at around $636 per year. This is $236 less than the average policy premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also rank well as some of the cheapest Greensboro, NC car insurance companies.
As depicted above, if you have coverage with NC Farm Bureau and switched to Utica National, you could see an annual premium reduction of around $73. Drivers with Penn National may save as much as $89 a year, and State Farm policyholders might reduce prices by as much as $113 a year.
To see if you’re overpaying, click here to start your free quote or visit any of the companies below.
These policy prices are averages across all types of insureds and vehicles and are not factoring in an exact zip code location for 20 year old women. So the car insurance company that can offer you the best rate may not even be in the list above. That is why you need to quote rates from as many companies as possible using your own individual information.
The make and model of vehicle requiring coverage is probably the largest consideration when trying to find cheaper coverage for 20 year old women. Vehicles with limited speed and performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.
The table below showcases auto insurance rates for a selection of the more affordable automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $2,211 |
| Honda Accord LX-P 4-Dr Sedan | $2,219 |
| Ford Escape Limited 2WD | $2,242 |
| Toyota Prius | $2,417 |
| Ford Edge SE 2WD | $2,447 |
| Honda Odyssey LX | $2,453 |
| Toyota Tacoma 4WD | $2,479 |
| Ford Explorer XLT 4WD | $2,489 |
| Chevrolet Impala LS | $2,588 |
| Toyota RAV4 4WD | $2,620 |
| Chevrolet Equinox LS 2WD | $2,627 |
| Dodge Grand Caravan Crew | $2,654 |
| Chevrolet Malibu LT | $2,659 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $2,729 |
| Toyota Corolla XLE | $2,763 |
| Toyota Camry SE | $2,773 |
| Hyundai Elantra GLS 4-Dr Sedan | $2,763 |
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Data based on single female driver age 20, 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 vehicle garaging location which can lower or raise auto insurance rates significantly.
Based upon the table data, models like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are likely to be some of the most economical vehicles to insure for young women. The price for car insurance will tend to be higher because of the fact that there is more exposure for 20 year old women, but in general those specific models will tend to have the cheapest car insurance rates compared to other types of vehicles.
Discounts on Greensboro auto insurance rates
Auto insurance companies that offer quotes for 20 year old women may provide price discounts that can reduce rates by 25% or more if you qualify. A few of the larger companies and their offered discounts can be read below.
- State Farm policyholders can earn discounts including good driver, safe vehicle, Steer Clear safe driver discount, multiple autos, passive restraint, driver’s education, and student away at school.
- GEICO discounts include air bags, emergency military deployment, five-year accident-free, driver training, seat belt use, and multi-vehicle.
- SAFECO has discounts for multi-car, teen safe driver, safe driver, accident prevention training, anti-lock brakes, and bundle discounts.
- Farmers Insurance offers discounts including good student, electronic funds transfer, pay in full, teen driver, and multi-car.
- AAA offers premium reductions for AAA membership discount, multi-policy, multi-car, pay-in-full, good driver, and good student.
- USAA offers discounts for new vehicle, loyalty savings, defensive driver, annual mileage, driver training, military installation, and vehicle storage.
The example below visualizes the comparison of annual premium costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, paperless filing, vehicle safety, anti-theft, paid-in-full, and good student discounts applied. When discounts are applied, the average amount saved each year on insurance for 20 year old women is 19% or $296.
Insuring your vehicle with the highest-rated insurer can be rather challenging considering how many companies there are in Greensboro. The ranking information shown next could help you pick which companies to look at when trying to find the cheapest insurance for 20 year old women.
The ratings below are for companies with a nationwide focus, so companies without a large exposure will not be included in the list. To compare rates from the insurers below and more, just click here.
Top 10 Large Auto Insurers in Greensboro Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Large Auto Insurers Overall in Greensboro
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Rate increases following a ticket or accident
The easiest method to score the most affordable insurance premiums in North Carolina for young women is to be a safe driver and avoid traffic citations and accidents. The diagram below shows how traffic citations and at-fault claims impact insurance prices for different insured age categories. The premiums assume a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the example above, the average cost of car insurance per year with no violations or accidents is $1,378. Get written up for two speeding tickets and the average cost swells to $1,852, an increase of $474 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of insurance for 20 year old women goes up to an average of $3,518. That’s an increase of $2,141, or $178 per month, just for not being attentive to the road!