With over 299,000 residents, Greensboro is the third most-populous city in North Carolina.
Three major interstate highways intersect in this city. Between backups on the interstates and daily traffic on surface roads, driving in Greensboro can sometimes be dangerous. Accidents can happen anytime, anywhere, and to anyone.
Fortunately, a dependable auto insurance policy can shield Greensboro drivers from the costs associated with vehicle collisions. A local independent insurance agent can help you get quotes for the best car insurance in Greensboro, NC.
How Much Does Car Insurance Cost in Greensboro, NC?
North Carolina is one of the cheaper states for car insurance. Car insurance rates in Greensboro are higher than the state average, but remain lower than the national average.
- National average annual car insurance cost: $1,311
- North Carolina average annual car insurance cost: $986
- Greensboro average annual car insurance cost: $1,267
Remember, auto insurance rates often vary significantly from one driver to the next. This is because costs are calculated based on several individual factors, such as:
- Your age, gender, and marital status
- Your driving history and credit score
- Your car’s year, make, and model
- The approximate number of miles you drive each year
- The coverage limits, coverage options, and deductibles you choose
- Whether you are bundling your auto insurance with other policies like homeowners insurance or renters insurance
Every insurance company uses different criteria to calculate car insurance premiums. What’s more, most companies offer a variety of discounts that you can qualify for.
A local independent insurance agent can help you compare car insurance quotes in Greensboro, NC, so you can choose the best policy options and maximize your car insurance discounts.
Is Car Insurance Required in Greensboro, NC?
If you own a vehicle in North Carolina, you are required to purchase auto insurance. You must have the following coverage—at a minimum—in order to comply with the law:
- Bodily injury liability: Required
- Property damage liability: Required
- Personal injury protection (PIP): Not required
- Uninsured motorist coverage: Required
- Minimum liability limits: 30/60/25; coverage up to $30,000 for all persons injured in an accident, subject to a limit of $60,000 for one individual; and $25,000 coverage for property damage
Bodily injury liability insurance covers you if you are at fault in an accident and someone other than yourself is injured. Property damage liability insurance covers damage to another person's vehicle or property in an accident that is your fault.
Although liability coverage is mandatory, it’s a good idea to carry higher liability coverage limits and additional risk protections that extend to you and your vehicle.
The state also requires you to carry uninsured and underinsured motorist coverage. Here’s what they do for you:
- Uninsured motorist coverage: Protects you if you are hit by a hit-and-run driver or by a driver who does not have auto liability coverage. It takes the place of liability insurance that the other driver should have, but does not.
- Underinsured motorist coverage: Protects you if another motorist is at fault for a collision but does not have enough insurance to cover your losses.
An independent insurance agent can help determine how much coverage is necessary to adequately protect you and your family.
What Does Car Insurance Cover in Greensboro, NC?
Your state-mandated liability insurance protects other people and their property if you’re at fault in an accident.
Bodily injury liability: Coverage provides protection if you injure someone else while driving your car. It protects you against an injured party’s claims for damage, including medical expenses, lost wages, and pain and suffering. It also provides for your legal defense fees if another party involved in the accident sues you.
Property damage liability: Coverage pays for any damage that you cause to the property of others (e.g., another’s driver’s car) and for your legal defense if you are sued.
In addition to the coverage required by law, there are several optional types of coverage that you can choose from, depending on your needs and your budget. These include:
- Collision coverage: Protection for physical damage to your vehicle when it hits or is hit by another vehicle or object.
- Comprehensive coverage: Pays for losses from almost all other types of damage to your vehicle other than that resulting from a collision, such as theft or storm damage.
- Medical payments coverage (or personal injury protection): Helps pay for medical, dental, and funeral expenses for you or your passengers, regardless of who is at fault for an accident.
- Roadside assistance coverage: Pays for help if you are locked out of your vehicle, run out of gas, or face some other type of problem while out on the road. Your insurance company will help you contact tow trucks, locksmiths, or other forms of assistance as needed, and will reimburse you for the costs of these services up to certain limits.
- Rental reimbursement coverage: Provides for payment for a rental car if your vehicle is damaged and you must rent a vehicle while it is being repaired.
- Loan/lease or gap coverage: Pays the difference between what you owe on a vehicle and its cash value if it is totaled.
An independent insurance agent can help you decide which types of coverage offer the best protection for your needs.
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Why Do You Need Car Insurance in Greensboro, NC?
There are many reasons to purchase car insurance in North Carolina, the first of which is that state law requires certain types of insurance.
The second most important reason to have car insurance is that there are a lot of dangers out on the road, and even while your car is parked at home or at work. While your state-mandated liability insurance protects other drivers if you cause an accident, your other coverage provides financial recourse when your own car is damaged, stolen, or vandalized by someone (or something) else.
Uninsured motorist coverage, for example, protects you if you’re in an accident with an uninsured driver. Driving without insurance is against the law in North Carolina, yet many drivers continue to drive without coverage. In fact, more than 6% of drivers in North Carolina are uninsured.
Other types of coverage, like comprehensive and collision coverage, help you pay for damage to your vehicle after a collision, a theft, or some other type of covered damage. Greensboro does not have an especially high rate of auto theft, but car thefts can happen anywhere, even in Greensboro:
- National auto theft rate per 1,000 vehicles: 2.3
- North Carolina auto theft rate per 1,000 vehicles: 1.7
- Greensboro auto theft rate per 1,000 vehicles: 1.9
The comprehensive portion of your car insurance policy reimburses you for your losses after a vehicle theft or a break-in.
What Are the Best Car Insurance Companies in Greensboro, NC?
It can be simple to find the best car insurance companies in Greensboro. A local independent insurance agent can help you get car insurance quotes from multiple insurance companies, so you can select the best policy for your needs and budget.
How Can an Independent Insurance Agent Help Me Find the Best Car Insurance in Greensboro, NC?
Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of car insurance quotes in Greensboro, so you can make the best choice.
What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
Contact an agent today for a free, no-obligation consultation.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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