Cheapest Car Insurance Quotes in Greenwood

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Greenwood Car Insurance

^$ 36

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Greenwood

The car insurance rate in Greenwood is $1386 for a six-month policy, which is $121 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $448, making it a popular choice for budget-conscious drivers. Rates in Greenwood can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Greenwood

$1386

Avg. Car Insurance in Louisiana

$1507

National Average

$1140

Cheapest Car Insurance Companies in Greenwood

1st place: Louisiana Farm Bureau

At $448 for a six month policy, Louisiana Farm Bureau offers the cheapest auto insurance rates in the city.

2nd place: Farm Bureau

Farm Bureau offers auto insurance rates at $978 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Southern Farm Bureau

Southern Farm Bureau offers auto insurance rates at $1017 for six months, making it the third cheapest auto insurance company in Greenwood.

Greenwood Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Greenwood, LA is Louisiana Farm Bureau, offering policies at just $448 for a six-month term. This is followed by Farm Bureau, which has an average six-month premium of $978.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1978 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Greenwood drivers find the best deals.

Cheap Car Insurance Companies in Greenwood, LA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$448	$75
Farm Bureau	$978	$165
Southern Farm Bureau	$1017	$169
USAA	$1322	$223
Progressive	$1454	$245
State Farm	$1541	$259
Safeway	$1617	$272
SafeAuto	$1738	$295
Encompass	$1777	$296
Allstate	$1978	$333

Key Takeaways

Way's key takeaways about car insurance in Greenwood

The auto insurance costs in Greenwood fall around $448 for six months.
The cheapest auto insurance company in Greenwood is Louisiana Farm Bureau.
Teen drivers pay the highest rate in Greenwood at $115 per month.

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Cheapest Minimum Liability Car Insurance in Greenwood

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Greenwood are given below.

Louisiana Farm Bureau provides the cheapest minimum car insurance coverage in Greenwood. Their Average 6 Month Premium is $213. AAA is the most expensive at $443 for the same period.

Cheapest Liability Coverage in Greenwood, LA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$213	$36
Farm Bureau	$333	$56
Southern Farm Bureau	$355	$59
State Farm	$437	$74
USAA	$437	$74
Progressive	$459	$77
Allstate	$595	$100
SafeAuto	$623	$106
Safeway	$656	$110
AAA	$443	$74

Cheapest Full Coverage Car Insurance in Greenwood

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Greenwood is Louisiana Farm Bureau at $75 per month and $448 for six months.

Cheapest Full Coverage Car Insurance Quotes in Greenwood, LA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$448	$75
Farm Bureau	$978	$165
Southern Farm Bureau	$1017	$169
USAA	$1322	$223
Progressive	$1454	$245
State Farm	$1541	$259
Safeway	$1617	$272
SafeAuto	$1738	$295
Encompass	$1777	$296
Allstate	$1978	$333

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Average Car Insurance in Greenwood by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Greenwood, LA increasing?

Despite maintaining a clean driving record, your car insurance rates in Greenwood, Louisiana, may be increasing due to several external factors. Louisiana has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Greenwood's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Greenwood

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	USAA	$918
30s	USAA	$745
40s	USAA	$686
50s	USAA	$656
60s	USAA	$700
70s	USAA	$718

Cheapest Car Insurance Rates for Teen Drivers in Greenwood,LA

If you are planning to get a car insurance policy for your teenage dependent, Louisiana Farm Bureau provides the cheapest car insurance in the Greenwood at $58 per month. At $678 for a six-month premium, AAA offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$350	$58
Farm Bureau	$1535	$261
State Farm	$1972	$332
USAA	$2503	$426
Safeway	$3809	$635
Allstate	$4093	$696
Progressive	$4328	$729
AAA	$678	$115

Teen Car Insurance Rates in LA by Age

Way Tip

If you are in your twenties USAA is the best choice for car insurance in Greenwood.

As young drivers face the highest rates in Greenwood, USAA offers the cheapest auto insurance rates at $918 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Greenwood, Louisiana Farm Bureau is the cheapest car insurance provider. At $383 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Greenwood is State Farm, offering rates of around $5973 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$383	$65
Allstate	$1355	$226
Farm Bureau	$1415	$241
Safeway	$1580	$263
Progressive	$1595	$269
USAA	$1656	$276
State Farm	$5973	$1016

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Car Insurance Rates with An Accident in Greenwood

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Greenwood, LA, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Greenwood

The cheapest car insurance companies after an at-fault accident in Greenwood include Louisiana Farm Bureau and State Farm, offering $279 and $831, respectively. Allstate is an expensive provider with an average six-month premium of $1535.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$279	$46
State Farm	$831	$140
Farm Bureau	$1011	$168
USAA	$1137	$191
Progressive	$1219	$205
Safeway	$1399	$236
Allstate	$1535	$259

Greenwood Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Greenwood LA. For example, the car insurance in Greenwood after a DUI increases to $1301 for a six month policy. While the rate increases by $377 for a six-month policy in the case of a speeding ticket.

Greenwood auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1508	$251
One Med/PIP claim	$1508	$257
Two Med/PIP claims	$1524	$254
Not-at-fault accident	$1530	$260
One comp claim	$1535	$256
Two comp claims	$1591	$270
Failure to wear a seat belt	$1777	$296
Failure to show documents	$1798	$305
Child safety restraint	$1825	$305
Driving without lights	$1825	$310
Driving with expired registration	$1858	$310
Driving too slowly	$1885	$320
Speeding 11 - 15 MPH over limit	$1885	$315
Speeding 16 - 20 MPH over limit	$1885	$320
Speeding 6 - 10 MPH over limit	$1885	$315
Speeding in school zone	$1885	$320
In 65 MPH zone	$1891	$316
Cell phone violation	$1907	$324
Texting while driving	$1907	$318
Wrong way/wrong lane	$1907	$324
At-fault accident - less than $1000	$1918	$319
Failure to stop at a red light	$1918	$327
Failure to yield	$1918	$319
Following too closely	$1918	$327
Illegal turn	$1918	$319
Improper passing	$1918	$327
Passing school bus	$1935	$322
Speeding 21 - 25 MPH over limit	$1935	$329
Open container	$1989	$331
Operating a vehicle without permission	$2126	$362
At-fault accident - $1000-$2000	$2180	$363
At-fault accident - greater than $2000	$2180	$371
Reckless driving	$2634	$439
Refusal to submit to a chemical test	$2678	$455
DUI	$2809	$468
Racing	$2831	$481
Leaving scene of an accident/hit and run	$2853	$476
Driving with a suspended license	$2864	$487

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Greenwood after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Greenwood.

The cheapest car insurance premiums in Greenwood are offered by Louisiana Farm Bureau at $306 for a six-month policy. However, it can be as expensive as $743 with companies like AAA.

Greenwood car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$306	$52
Farm Bureau	$1049	$175
Southern Farm Bureau	$1262	$214
Progressive	$1437	$242
USAA	$1957	$329
Safeway	$1961	$330
State Farm	$2017	$339
Allstate	$2448	$412
AAA	$743	$126

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Greenwood are offered by Louisiana Farm Bureau at $251. However, it can be as expensive as $1754 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Greenwood after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Louisiana Farm Bureau	$251	$42
State Farm	$853	$144
Farm Bureau	$896	$153
Progressive	$1191	$201
USAA	$1312	$223
Safeway	$1617	$270
Allstate	$1754	$298

Car Insurance Price Trends in Greenwood, Louisiana

Car insurance rates in Greenwood have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Greenwood rose by $279 in December compared to $275 of November. In other words, there has been an increase by $4 when you compare December and November.

The average cost of liability insurance in the Greenwood rose to $76 in December, compared to $70 in November. This represents an increase of $6 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Greenwood?

The car insurance in Greenwood is $36 per month, which is lower than the national average.

What is the cheapest car insurance in Greenwood?

The cheapest car insurance in Greenwood is $75 per month for full coverage.

How much is car insurance in Greenwood for teenagers?

Car insurance for teenagers costs $350 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Greenwood?

The average cost of car insurance is $1507 for a six-month policy. It will cost around $233 per month to insure your car in Greenwood.

Is car insurance expensive in Greenwood?

Car insurance can be expensive in Greenwood if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Greenwood can be affordable.

What is the best car insurance in Greenwood, LA?

The best car insurance company in Greenwood LA is Louisiana Farm Bureau, offering $448 for a six-month policy.