Crime is on the rise in Greensboro, which has raised insurance rates in recent years. It’s not all bad though. There are still plenty of ways to price the available choices for cheap insurance Greensboro can offer. The city hasn’t seen in a decline in population for over 100 years, so insurance rates have been in constant flux. This is great news for consumers, as more companies are competing to find you the lowest rate.
Here are some factors that affect your rates in Greensboro:
Population Density: over 2,400 residents per square mile. The more densely populated zip codes are going to have higher liability rates in general.
Crime Rates: There were only 566 motor vehicle thefts in the city for 2012. That’s pretty good! Of course, the neighborhoods that had the most are typically going to have higher rates for Comprehensive coverage.
Traffic: More good news! There are less than 200,000 commuters on the roads each day (for comparison, the Big Apple sees over 9 million!). This means it’s statistically a much safer place to drive than larger metropolitan areas.
How do I use this information?
Unless you are moving, this information only helps explain why your rates are the way they are. However, if you are planning to move to Greensboro, or to a different neighborhood, it’s worth checking the prices before hand. For example, Grandover and Asheboro Square are going to have different rates for certain coverages than Bessemer or Irving Park.
The Best Way To Save
Get comparison quotes from as many companies as you can. The current recommendation is to re-shop your policy at least twice a year. Years ago, when populations didn’t shift as much as they do today, it was worth staying with the same company for years. Now, with some many companies in competition, the chances are good that the price you paid last year is no longer the cheapest.
How Can We Help You?
Our Customer Service Department is available to answer question you may have about your policy. For Customer service, please call (800) 486-1866. Our team of highly trained professionals are available from 9:00 AM to 4:00 PM, Monday through Friday.