Average car insurance rates are significantly different in every state. Each state also has different auto insurance laws, specific accident statistics and property crime rates. Average cost of car insurance by State. Delaware. $1,032.
Average cost of car insurance rates by city. Chicago. New York. California. Florida.
The higher the per-year cost of liability insurance, the lower your monthly premium will be for your auto policy. Cities with the highest rates of premiums include San Francisco, Los Angeles, Phoenix, Las Vegas and Miami. The premium for an at-fault accident is double that of a no-fault accident.
The six-month premium for liability insurance is a factor in your monthly premiums. Cities with the lowest premiums include Sioux Falls ( Iowa), Omaha ( Nebraska) and Des Moines ( Iowa). Cities with the highest premiums include New York, Orlando, Phoenix, Tampa Bay, Miami and Detroit.
Your driving record and age are factors affecting your car insurance rates. Cities with the highest average cost of premiums include Illinois, New Jersey and Connecticut. Cities with the lowest premiums include Nevada, New York and California. The less driving experience you have, the more likely it is that you’ll be offered the least expensive rates. The type of vehicle you drive is also factored into your price.
Some states, such as New Hampshire, have an “automatic suspension” clause. If you’re caught drunk driving or doing drugs, your insurance rates will immediately increase because of the “offense” associated with your particular situation. If you don’t live in one of the few states that automatically suspended DUI’s; your rates will increase for at least three months. If you live in a more “liberal” state, such as Massachusetts, your insurance rates won’t increase for at least three months, but your credit score will be dingy for years to come, causing you to pay higher premiums.
How do auto insurance rates depend on your credit score?
You may have already guessed: they depend on your credit score. How is this influenced by auto insurance companies? The more credit scores you have, the higher your premiums. How is this influenced? Your credit score is based on your financial responsibility to others.
The more responsibilities you take on with your life, the greater responsibility you’re taking on with your driving. This is why your premium will be higher for someone who has an excellent credit score and pays his or her bills on time. However, an excellent driver who only makes a few infractions or even no infractions is not going to have his or her premium raised, because insurance companies see this kind of driver as a lower risk than someone with multiple speeding tickets and/or DUI’s on their record.
So what can you do to keep your premiums lower? One thing you can do is check your driving record. If you’ve had several accidents or tickets in the past five years, you may be able to get some cheaper auto insurance rates. If you only have one traffic violation, it’s even possible that your premiums may drop. Check with your local motor vehicle department for more information.
Another thing you may be able to do is to include uninsured motorist coverage.
This may help you to save money. Many states include uninsured motorist coverage, which means that if you are in an accident with another driver and he doesn’t have any insurance, your insurance company will cover the rest of your expenses. However, uninsured motorist coverage may help you save money, depending on your current situation.
What about looking into auto insurance rates that compare on a number of factors instead of just one? The internet makes it easy to find websites that compare different car insurance policies. You’ll want to compare deductibles, coverages, and driving histories, but you should also compare these things to other companies as well. If you do this successfully, you may end up saving hundreds of dollars each year.
To get started, you can compare car insurance rates online easily, without having to fill out long forms. First, you need to provide basic information about yourself and your driving history. Next, you’ll be asked to provide information about your credit score and any financial information that you’d like to include. Finally, you’ll be given the option to compare the policies of each company, as well as the rates they offer. It’s quick and easy!