Shopping for auto insurance requires time and effort. Auto insurance prices can vary greatly from one state to another and from company to company.
Shopping for auto insurance requires time and effort. Car insurance prices can vary greatly from one state to another and from company to company. If you want to get the best rates out there, take the time to do proper research and compare at least five quotes from different insurers.
Statistics show that the average driver has spent $685 on car insurance in 1999, $830 in 2003, and $789 in 2008. According to the National A-sociation of Insurance Commissioners, over 77 percent of drivers purchase fully comprehensive coverage in addition to liability insurance. Washington, Louisiana, New Jersey, Florida, New York, and Delaware are the most expensive states to buy auto insurance.
Drivers who live in Maine, Indiana, North Carolina, Wisconsin, Kansas, Idaho, Iowa, and Nebraska pay the lowest rates on car insurance. Buying coverage in Iowa will cost you less than $519 a year. Insuring your car in North Dakota costs approximately $503.
The difference between the most and least expensive state for car insurance is 255 percent. Car insurance rates are higher in states with many uninsured motorists. A recent study has shown that New Mexico, Mississippi, Alabama, and Oklahoma are the top states with uninsured motorists. The fewest uninsured drivers live in Massachusetts, Maine, North Dakota, and Vermont.
Insurance companies determine your rates based on several factors. Although average premiums are a bit higher in some states, what really determines how much you pay for coverage is your insurance provider. The type of coverage you choose affects your rates too. Shopping around and comparing auto insurance quotes from multiple companies is the best way to save money. Before you start searching for coverage, learn about the main types of car insurance.
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