The best way we recommend to get budget auto insurance rates in Greensboro is to regularly compare prices from different companies who provide auto insurance in North Carolina.
Step 1: Try to learn about how insurance companies determine prices and the modifications you can make to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as speeding tickets, accidents and your credit history can be improved by making minor driving habit or lifestyle changes. Continue reading for information to find cheap rates and get discounts that may be available to you.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Allstate, while independent agencies can quote prices from multiple sources.
Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper H3 coverage is available. If you find better rates and buy the policy, ensure coverage does not lapse between policies.
Step 4: Provide proper notification to your current company of your decision to cancel your current policy. Submit a completed policy application and payment to the new company. Once the application is submitted, put the new certificate verifying proof of insurance in a readily accessible location in your vehicle.
A valuable tip to remember is to try to use the same level of coverage on each quote and and to get rate quotes from as many auto insurance providers as possible. This helps ensure an accurate price comparison and a complete selection of prices.
Unbelievable but true according to a study a large majority of drivers have bought insurance from the same company for a minimum of four years, and 38% of drivers have never compared insurance rates at all. Many drivers in North Carolina can save hundreds of dollars each year, but they mistakenly think it’s difficult to compare rates.
The companies in the list below can provide quotes in North Carolina. If you wish to find the best cheap car insurance in Greensboro, it’s a good idea that you visit several of them to get a more complete price comparison.
Don’t overlook these Hummer H3 insurance discounts
The cost of insuring your cars can be expensive, but there are discounts available to reduce the price significantly. Most are applied when you purchase, but some discounts are required to be asked for before you get the savings.
- Accident Forgiveness Coverage – This one is not really a discount per se, but some companies like State Farm, Progressive and GEICO will let one accident slide before raising your premiums as long as you don’t have any claims for a certain period of time.
- Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
- Paperless Signup – A few companies will give a small break for buying your policy on the internet.
- Club Memberships – Belonging to a civic or occupational organization in Greensboro could trigger savings when getting a Greensboro car insurance quote.
- Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
- Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- ABS Brakes – Cars with ABS braking systems or traction control can stop better under adverse conditions so companies give up to a 10% discount.
- Federal Employees – Federal government employees may qualify for a discount when you quote Greensboro car insurance with some auto insurance companies.
You can save money using discounts, but most discounts do not apply to the whole policy. Most only cut individual premiums such as comp or med pay. If you do the math and it seems like you can get free auto insurance, nobody gets a free ride.
The chart below shows the difference between Hummer H3 insurance premiums with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, homeowner, multi-car, and marriage discounts applied.
Popular auto insurance companies and their possible discounts are:
- Farm Bureau has savings for safe driver, good student, renewal discount, 55 and retired, multi-policy, and multi-vehicle.
- State Farm offers discounts including driver’s education, anti-theft, accident-free, safe vehicle, passive restraint, multiple autos, and Drive Safe & Save.
- Progressive may include discounts for good student, online signing, homeowner, online quote discount, continuous coverage, multi-policy, and multi-vehicle.
- Allstate discounts include teenSMART discount, anti-theft, EZ pay plan discount, utility vehicle, safe driver, auto/life discount, and senior citizen.
- Nationwide may offer discounts for business or organization, good student, Farm Bureau membership, accident-free, family plan, and anti-theft.
- MetLife offers premium reductions for defensive driver, claim-free, good student, multi-policy, good driver, accident-free
It’s a good idea to ask all the companies which discounts can lower your rates. Some credits may not apply in your area. To see auto insurance companies with discount auto insurance rates in Greensboro, click this link.
Rate information and statistics
The coverage information below covers different rate quotes for Hummer H3 models. Learning a little about how insurance policy premiums are determined helps drivers make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $208 | $432 | $324 | $20 | $96 | $1,080 | $90 |
| H3 4WD | $208 | $432 | $324 | $20 | $96 | $1,080 | $90 |
| H3 Luxury Package 4WD | $208 | $432 | $324 | $20 | $96 | $1,080 | $90 |
| H3 Alpha 4WD | $232 | $432 | $324 | $20 | $96 | $1,104 | $92 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in zip code location which can lower or raise coverage rates considerably.
Poor driving habits will raise your auto insurance rates
The chart below demonstrates how speeding tickets and at-fault fender-benders can impact Hummer H3 insurance premiums for each age group. The information is based on a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
Cost comparison with and without full coverage
The example below illustrates the difference between Hummer H3 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.
Are you wasting money on full coverage?
There isn’t a written rule of when to drop physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Hummer H3 book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying over $300 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few cases where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Why You Might Pay Increased Rates in Greensboro
Lots of factors are taken into consideration when you get your auto insurance bill. Some factors are common sense like your driving record, but other factors are less obvious such as whether you are married or your vehicle rating. The best way to find cheaper car insurance is to take a look at the different types of things that come into play when calculating your premiums. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
The items below are a few of the “ingredients” companies use to determine your rate level.
Where you live factors in – Choosing to live in a rural area has definite advantages when it comes to car insurance. People who live in big cities have to deal with more auto accidents and longer commutes to work. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
Higher premiums for specific jobs – Careers such as judges, police officers, and financial analysts tend to pay higher premiums than the average policyholder in part from intense work requirements and lots of time spent at work. On the other hand, occupations like scientists, students and homemakers have the lowest average rates.
Drive a safer car and pay less – Vehicles with high crash test scores cost less to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries means less claims paid and more competitive rates for policyholders.
Commute or pleasure use – The more you drive annually the higher your rates will be. Most companies price each vehicle’s coverage based on how the vehicle is used. Vehicles used primarily for pleasure use can get a lower rate than those used for commuting. Improper usage on your H3 can cost quite a bit. It’s always a good idea to double check that your car insurance coverage is rated on the proper vehicle usage, because it can save money.
High performance equals high prices – The performance of the vehicle you drive makes a big difference in the rate you pay. Economy passenger cars generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.
The following chart assumes a single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Hummer H3 policy rates compared to other models of vehicles that have different performances.
Being married pays dividends – Having a spouse may earn you lower rates on car insurance. Having a significant other is viewed as being more mature it has been statistically shown that married couples file fewer claims.
Liability insurance limits on your policy – Liability coverage is the coverage that protects you if you are determined to be liable for damages caused by your negligence. It provides you with a defense in court which can cost thousands of dollars. It is affordable coverage compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.