The average cost for car insurance in Winston-Salem (North Carolina) is $399 per year for minimum coverage and $1,192 per year for full coverage. This average is still well below the nationwide average of $1,674 to cover full coverage. However, Winston-Salem drivers need to be aware of which carriers offer the best benefits for the lowest premiums.
Bankrate used 2021 rates data from Quadrant Information Services to find the lowest car insurance prices in Winston-Salem. This information was used for financial strength, customer satisfaction, and coverage options.
Winston-Salem’s best car insurance companies
Geico, Nationwide, State Farm and North Carolina Farm Bureau offer competitive rates. However, each carrier offers benefits such as high customer satisfaction, policy management ease and convenient features.
Geico
Geico has the lowest average premiums among all the carriers. It also scores well in the J.D.Power customer satisfaction study. Geico has been offering insurance products for more than 75 years. It continues to innovate by using digital assets. Geico offers a variety of ways to make claims and modify your policy, regardless of whether you prefer to work online, over the phone or on your smartphone.
State Farm
State Farm is the Southeast’s most satisfied carrier of all the four. State Farm has been providing insurance products that fit almost every budget and meet all auto insurance needs since 1922. State Farm, the largest provider auto insurance in the United States offers a wide variety of coverage options and discounts.
All over the country
With an 831 point score out of 1,000, Nationwide has the lowest customer satisfaction score among all of these carriers. Nationwide has many advantages. They offer a wide range of coverages that allow for policy customization. You can further customize your policy by choosing the vanishing or accident forgiveness option. You can also add collision and comprehensive coverage with a waiver of the total loss deductible.
North Carolina Farm Bureau
The regional provider doesn’t skimp on North Carolina drivers’ coverage and discounts. NCFB has a customer satisfaction score of 839 out 1000. AM Best gives this carrier an overall rating. This further highlights its financial strength. A local agent can provide you with quotes and information about coverage options and discounts for a North Carolina Farm Bureau insurance policy.
Winston-Salem has the lowest car insurance
North Carolina is ranked among the top 20 most expensive states for auto insurance. Winston-Salem is no different. The average cost for car insurance is $399 per year for minimum coverage, and $1182 for full coverage. The national average cost for a full coverage policy is $1674 annually.
Geico, Allstate, Nationwide and State Farm are the most affordable carriers for Winston-Salem coverage. They also offer many other benefits. All of these carriers have strong financial ratings from AM Best. Erie is distinguished by its high, above-industry average rating from J.D. Power. Erie insurance can only be purchased through an agent, and not online. This is in contrast to the four other carriers that offer multiple buying options.
Insurance requirements for Winston-Salem
North Carolina mandates that drivers have minimum liability coverage. The 30/60/25 obligation includes:
- $30,000 for bodily injury per person
- $60,000 Bodily Injury per Accident
- $25,000 Property damage per accident
You should keep in mind that purchasing the minimum state requirement might not be possible depending on your personal circumstances. Leasing or financing a vehicle requires that you purchase collision and comprehensive coverage. This is until the loan is fully paid off. Many lenders will also require gap coverage if you buy a vehicle.
Winston-Salem: Car insurance discounts
Discounts are a great way to save money on your Winston-Salem auto insurance rates. Some examples of discounts available are:
- If you are a good student, you can save on your policy. Many carriers offer discounts for students who maintain a minimum of a B average.
- You can save even more by taking defensive driving courses. To receive your discount, verify that it is approved by your carrier before you sign up.
- Safety equipment: You may be eligible to receive additional discounts if your car has safety features like anti-lock brakes, airbags, or anti-theft systems.
- Bundling: This is a great way to save money. You can purchase auto insurance from the same company that you have homeowners or renters insurance.
Discounts are a great way to save money, but there are other ways to lower your premiums. If you buy comprehensive and collision coverage, your premiums will be lower if the deductible is higher. To avoid paying additional installments, you can pay your premiums completely.
Questions frequently asked
Which is the best auto insurance company?
The best car insurer is determined by a number of factors. You should also consider aspects such as customer service ratings and coverage options.
What is the cost of Winston-Salem car insurance?
Winston-Salem’s average car insurance cost is $399 per year for minimum coverage, and $1182 for complete coverage. Although this rate is lower than the national average, it could mean that your rates are higher or lower. Rates depend on your driving record, age, vehicle, and mileage, as well as other factors.
