Insurance companies place a lot of weight on your credit score as they see it as a highly accurate way to determine risk. Studies by the Federal Trade Commission have shown that drivers with low credit scores not only file more claims than drivers with higher credit scores, but the actual dollar amount is greater than higher scoring drivers. Thus, they’re cheaper clients. On average, moving from one credit tier to the next among our selected insurers saves you an average of $344 a year.
Compare popular auto insurance companies' financial stability and claims satisfaction ratings to better understand the quality of service they will provide. Claims satisfaction — measured by J.D. Power — is ranked on a scale of 2 to 5, with 5 being "among the best" and 2 being "the rest." Financial strength — calculated by A.M. Best and running from "Superior" to "Poor" — determines an insurer's financial strength and ability to meet its policy and contractual obligations.
Winston-Salem, the county seat of Forsyth County, tied with Mebane for the 2nd best car insurance rates in the state. Our profiled drivers pay about $755 for a year's worth of full coverage. We found the best rates to be at Auto Owners, North Carolina Farm Bureau, Penn National, Allied, and Erie for Winston Salem. With an average annual rate of $650 between the five companies, this means local drivers covered under these five auto insurers typically save 13% when compared to the usual Winston-Salem Driver. Perhaps most well-known for successful business ventures, Winston-Salem is the birthplace of many companies, such as Krispy Kreme, Camel Cigarettes, and Hanesbrands. It is the fourth largest city in North Carolina and is called the “Twin City” and “City of the Arts and Innovation” for its dual focus on fine arts and technological research.
Your car insurance premium is priced to fit you like a glove. Insurers evaluate your driving history, demographic data, and other metrics to determine what kind of customer you'll be. But from a consumer's perspective, the primary question is which company offers the cheapest insurance? We surveyed top auto insurance companies and assessed common rating factors to determine which insurer provides the cheapest car insurance quotes — even for young motorists or high-risk drivers.
Snapshot is a free program that personalizes your rate based on your ACTUAL driving. The safer you drive, the more you save. The average driver saves $130 with Snapshot.** You don’t even need to be a Progressive customer to try it. Just call us and request the plug-in device. After one month of safe driving, you’ll find out how much you can save with Progressive! See more on Snapshot.