In Greensboro, North Carolina, the average cost of minimum coverage car insurance is $449 per year, while full coverage is $1,392 per year, or $16 per month. Drivers searching for the best cheap car insurance Greensboro has to offer may want to 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.

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Best cheap car insurance companies in Greensboro

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

Insurance company Bankrate Score J.D. Power score (Southeast region) Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.8 843/1,000 $901 $337
State Farm 4.6 855/1,000 $938 $331
North Carolina Farm Bureau 3.6 844/1,000 $1,071 $356
Nationwide 4.4 850/1,000 $1,145 $320
Erie 4.6 868/1,000 $1,146 $417

Geico

Geico often makes the “best of” list for its combination of low rates and high customer ratings. Greensboro drivers will find that the average premiums from Geico are significantly lower than the city average, though optional add-on coverages are limited with this carrier. Policyholders may save even more on their premium 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 may not be satisfied with the service.

Learn more: Geico Insurance review

State Farm

State Farm sells policies through a network of independent agents, so it could be a good choice for drivers who want to work in-person with a local agent. The carrier has 23 agents in the Greensboro area. State Farm has a high J.D. 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 has few optional coverages and discounts, which might not prove to be the right fit for all driver’s needs.

Learn more: State Farm Insurance review

North Carolina Farm Bureau

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

Nationwide

Drivers in Greensboro, North Carolina may also consider Nationwide car insurance. This carrier has some of the cheapest rates for minimum coverage in the area, 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 policy customization, Nationwide offers accident forgiveness and vanishing deductible options, depending on location. It also received an above-average J.D. Power rating in the Southeast region.

Learn more: Nationwide Insurance review

Erie

Erie Insurance has 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 free extras for free 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 most expensive carrier on our list. Fortunately, the company’s Rate Lock feature could help keep your rates steady over time.

Learn more: Erie Insurance review

How to get and keep the cheapest car insurance in Greensboro

Getting the cheapest car insurance in Greensboro is one thing, keeping it is another. By following these tips, you may be able to maintain cheap rates. These tips may also be helpful in other states, too.

  • To get cheap car insurance, consider comparing quotes from multiple auto insurance carriers. Comparing quotes with the same coverage options may help you identify the cheapest carrier for your coverage needs. If you’re unsure the type and level of coverage you need, speaking with an independent agent may help you narrow down your search and get quotes.
  • To keep cheap car insurance, maintain a clean driving record. One of the easiest ways to keep your car insurance rates low may be to maintain a clean driving record. This could help you avoid rate hikes. Plus, avoiding tickets and at-fault accidents may also make you eligible for safe driving discounts or telematics programs.

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