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In Greensboro, NC, the average cost of minimum coverage auto insurance is $449 per year, while full coverage is $1,392 per year, or $16 per month. Drivers looking for the best cheap auto insurance Greensboro has to offer can consider getting quotes from Geico, State Farm, or North Carolina Farm Bureau. These three carriers offer some of the cheapest average car insurance rates in Greensboro, based on Bankrate research.

Best Cheap Car Insurance Companies in Greensboro

Geico, State Farm and North Carolina Farm Bureau offer some of the best cheap car insurance Drivers in Greensboro might want to consider, according to data provided by Quadrant Information Services. If you’re looking for minimal coverage, some of the cheapest carriers include Nationwide, State Farm and Geico. Listed annual premiums, as well as third-party rankings, financial strength ratings, types of coverage, discounts and availability are among the factors used to determine the Bankrate Score. This five-point scaling system developed by Bankrate can help you quickly assess a company and compare carriers when shopping for auto insurance.

Geico 4.8 843/1000 $901 $337
state farm 4.6 855/1000 $938 $331
North Carolina Agricultural Bureau 3.6 844/1000 $1,071 $356
At national scale 4.4 850/1000 $1,145 $320
Erie 4.6 868/1000 $1,146 $417

Geico

Geico often makes “best of” lists for its combination of low rates and high customer ratings. Greensboro drivers will find that Geico’s average premiums are significantly lower than the city average, although optional top-up coverages are limited with this carrier. Policyholders can save even more on their premium with potential discounts for members of partner companies and organizations, including the military. However, Geico has the lowest JD Power score on our list, indicating that some customers may not be happy with the service.

Learn more: Geico Insurance Review

state farm

State Farm sells policies through a network of independent agents, which might be a good choice for drivers who want to work in person with a local agent. The carrier has 23 officers in the Greensboro area. State Farm has a high JD Power score for customer satisfaction and holds the highest possible financial strength rating from AM Best. Although State Farm performs above average in the Southeast region, it offers few optional coverages and discounts, which may not suit all driver needs.

Learn more: State Farm Insurance Review

North Carolina Agricultural Bureau

The North Carolina Farm Bureau rounds out the top three cheapest auto insurance agencies in Greensboro, but you must be a Farm Bureau member to take advantage of its rates. The carrier offers basic auto insurance coverage, but excels in agricultural insurance products. Although North Carolina Agricultural Bureau may have affordable rates, it sits a few points below the industry average in the Southeast region for customer satisfaction, and has the lowest exchange rate score on our Greensboro list.

At national scale

Drivers in Greensboro, NC can also consider national auto insurance. This carrier has some of the cheapest rates for minimum coverage in the region, but it has one of the most expensive rates for full coverage on our list. To keep car insurance costs low, Nationwide offers several ways to save, including its SmartRide and SmartMiles programs. For drivers looking for a personalized policy, Nationwide offers accident waiver and deductible options, depending on location. It also received an above-average JD Power rating in the Southeast region.

Learn more: National Insurance Review

Erie

Erie Insurance has the highest JD Power customer satisfaction rating of the Greensboro auto insurance companies on our list, ranking third in the Southeast region. A full-coverage car insurance policy from Erie includes free extras for free, such as veterinary coverage if your pet is injured in an accident, auto glass repair and locksmith services if you are locked out of your car. However, these extras still come at a price, with Erie listed as the most expensive carrier on our list. Luckily, the company’s Rate Lock feature could help keep your rates stable over time.

Learn more: Erie Insurance Review

How to Get and Keep the Cheapest Auto Insurance in Greensboro

Getting the cheapest auto insurance in Greensboro is one thing, keeping it is another. By following these tips, you may be able to maintain low rates. These tips may also be useful for other statestoo.

  • To get cheap car insurance, consider comparing quotes from several car insurance companies. Compare quotes with the same coverage options can help you identify the cheapest carrier for your coverage needs. If you are unsure of the type and level of coverage you need, speak to a independent agent can help you narrow your search and get quotes.
  • To keep car insurance cheap, maintain a good driving record. One of the easiest ways to keep your auto insurance rates low may be to maintain a clean driving record. This could help you avoid rate hikes. Plus, avoiding at-fault tickets and accidents can also qualify you for safe driving discounts or telematic programs.

Frequently Asked Questions

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