If you own a car, you’re probably aware that car insurance is required in most states to drive legally. However, the price of auto insurance can vary depending on where you live and which insurer you choose. If you live in Greensboro, North Carolina, Bankrate’s research indicates that Geico, State Farm and North Carolina Farm Bureau offer some of the cheapest coverage on average. The average cost for full coverage car insurance in Greensboro is $1,441 per year while the minimum amount of required coverage in North Carolina costs $449 per year. While this is lower than the national average, Greensboro drivers may still be looking for a deal on car insurance. Bankrate’s insurance editorial team breaks down our picks for the cheapest and best providers in the area to help you get started on your search.

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Best cheap car insurance companies in Greensboro

According to data we analyzed from Quadrant Information Services, the cheapest carriers for auto insurance in Greensboro, North Carolina on average are Geico, State Farm and North Carolina Farm Bureau.

We also went beyond average rates to look deeper at each provider, analyzing additional metrics such as coverage options, potential discounts, mobile accessibility and third-party scores such as the J.D. Power Auto Insurance Study for customer satisfaction. We used these metrics, combined with average rates, to assign each insurer a Bankrate Score out of a possible five points. These scores may help you quickly assess each company and compare carriers as you search for a policy.

Insurance company Bankrate Score J.D. Power score (Southeast) Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.4 828/1,000 $933 $337
State Farm 4.2 847/1,000 $969 $331
North Carolina Farm Bureau 3.0 842/1,000 $1,107 $356
Erie 3.8 859/1,000 $1,180 $417
Nationwide 4.0 834/1,000 $1,192 $320

Geico

Geico often makes ‘best’ lists, largely due to its low average rates, and it’s made our list, too. Greensboro drivers will find that Geico’s average premiums are significantly lower than the city average, and policyholders might save even more with potential discounts for members of partnered companies and organizations, including members of the military. However, Geico has the lowest J.D. Power score on our list, indicating that some customers in the region may not be satisfied with the service, although it does score above average for the organization’s Claims Satisfaction Study, so the company does have some positive indicators for customer experience. It does not offer a lot of additional coverage options, though, so if you’re looking for a highly customized policy, it might not be the best choice for you.

Learn more: Geico Insurance review

State Farm

State Farm sells policies through a network of exclusive local agents, so it could be a good choice for drivers who want to work with someone who lives and works in their area. State Farm also has a high J.D. Power score for customer satisfaction and holds the highest possible financial strength rating from AM Best. It does not, however, offer 24/7 customer service, nor does it offer gap insurance, so if you’re a driver who just financed a new car, State Farm may not be the best option for you.

Learn more: State Farm Insurance review

North Carolina Farm Bureau

The North Carolina Farm Bureau rounds out our top three picks for cheapest car insurance in Greensboro on average. The carrier offers basic coverage for auto insurance, but excels in farm-based insurance products, so if you operate a farm, it might be a great option for you, but if a customized policy is important, you might prefer other carriers. It also performs above average in J.D. Power’s Auto Insurance Study, which indicates the company places a premium on customer experience, although you’ll need to work with a local agent, so customer service may not be available 24/7.

Learn more: Farm Bureau Insurance review

Erie

Erie Insurance earned the highest J.D. Power customer satisfaction rating of the Greensboro car insurance companies on our list, earning third place in the Southeast region. A full coverage car insurance policy from Erie includes some unique perks, such as veterinary coverage if your pet is injured in a crash, auto glass repair and locksmith services if you get locked out of your car. However, those extras still come at a price, with Erie listed as the second-most expensive carrier on our list based on average full coverage rates. Fortunately, the company’s Rate Lock feature could help keep your rates steady over time as long as you don’t make major changes to your policy. The company does have limited mobile app capabilities, though, and no telematics program, so if either of those capabilities are important to you, you may want to consider another carrier.

Learn more: Erie Insurance review

Nationwide

Drivers in Greensboro, North Carolina might also want to consider Nationwide car insurance. This carrier has some of the cheapest rates for minimum coverage in the area, but it has the most expensive average rates for full coverage on our list, although its rates are still cheaper than the citywide average. To keep car insurance costs low, Nationwide offers several ways to save, though, including its SmartRide and SmartMiles programs, programs which allow drivers who drive safely or drive fewer miles the chance to save. For drivers looking for policy customization, Nationwide offers accident forgiveness and vanishing deductible options, depending on location. It did receive a below-average J.D. Power score both on its Auto Insurance Study and Claims Satisfaction Study, so it may not be the best option for someone who highly values customer service.

Learn more: Nationwide Insurance review

How to get and keep the cheapest car insurance in Greensboro

Getting the cheapest car insurance in Greensboro is one thing, but keeping it is another. Following these tips might help you find and maintain the cheapest rates for your situation.

  • Look for discount opportunities. Many insurers offer a variety of discounts that you might be able to use to reduce the cost of coverage, depending on whether you qualify. For example, bundling auto and home insurance, paying your premium upfront or taking a driving safety course could all help you land a discount. You could also consider signing up for telematics programs that allow your insurer to monitor your driving in real-time if you’re confident in your safe driving.
  • Shop around each year. Insurers might raise your rates when your policy is ready to renew, whether it’s due to rate filing increases in your state or because of circumstances that have changed for you, such as your location or driving record. If you take the time to shop around and compare quotes when it comes time to renew, rather than sticking with the same company, you might be able to find a better deal and get a cheaper policy.

Frequently asked questions

    • The best car insurance companies in Greensboro will be different for each driver. Maybe you recently had an accident and want a carrier that won’t penalize you as much with your premium. Or maybe customer service is absolutely paramount to you, so you want a company that has a proven reputation for caring about its customers. The best way to find the best company for you is to decide what’s most important to you, then look at some of the best car insurance companies in North Carolina and select a few to request quotes from.
    • The average cost of car insurance in Greensboro, North Carolina, is $449 per year for minimum coverage and $1,392 per year for full car insurance. In North Carolina, your rate may vary based on factors like the carrier you choose, your driving record, age, credit-based insurance score and ZIP code.
    • Like most states, North Carolina requires all drivers to meet minimum liability insurance requirements to drive legally. This includes at least $30,000 in bodily injury liability coverage per person, at least $60,000 in bodily injury liability coverage per accident and at least $25,000 for property damage liability. Most insurance experts recommend that you purchase more than the minimum amount of coverage required to better protect you. Consider talking with a licensed insurance agent to determine how much car insurance you need for your situation.
    • Car insurance almost always follows the car. So if you allow someone to borrow your car and they get into an accident, your car insurance would cover the accident, not the car insurance of the person who borrows your car. If you are someone who does not own a vehicle but frequently uses someone else’s you could consider non-owner car insurance.

    • Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

      • $100,000 bodily injury liability per person
      • $300,000 bodily injury liability per accident
      • $50,000 property damage liability per accident
      • $100,000 uninsured motorist bodily injury per person
      • $300,000 uninsured motorist bodily injury per accident
      • $500 collision deductible
      • $500 comprehensive deductible

      To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.

      These are sample rates and should only be used for comparative purposes.

    • Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

      Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

      • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
      • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
      • Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.