Average Car Insurance Rates

Average Car Insurance Rates

If you want to drive in the USA, you need car insurance. There’s just no way around it. Everyone has to get insured but most people hate paying for expensive car insurance. Understanding the average car insurance rates in the U.S. and how they are calculated can help you save hundreds of dollars every year.

There is no need to be overwhelmed when looking through your insurance information. Sure, there are many pages with small print and boring stipulations, but it can all be simplified quite a bit. Get an instant quote from Trumbull Insurance in less than 5 minutes. Start by entering your zip code.

Auto Insurance Rate Factors

There are many factors that affect the insurance premiums you pay. One key example is age, if you are under 25 years of age, your insurance will cost a lot more than older drivers. Believe it or not, gender also affects how much you pay for coverage. A female will pay less, because, statistically she is less likely to get into a wreck and file a claim.

Zip Codes Impact Car Insurance Rates

Location can play a very big part in determining the price you pay to get insured. If your home state has weak driving laws or high accident rates, this will be considered by your insurance company. Also, if there is a high rate of auto thefts in the zip code where you reside, you can expect to pay more to get covered.

Auto Insurance Costs More in the City Than in Rural Areas

Population density is also a factor most people do not consider. If you live in a city with lots of traffic and collisions you may pay more than a driver who lives in the suburbs. The stats prove that more collisions occur in the city than out in less populated areas.

Even understanding these factors, it can be difficult to change them. It is unlikely that moving from the city to the country to save on automobile insurance would make sense for most people. Likewise, you probably should not get married just to get cheaper auto insurance coverage. It should also be noted that some zip codes that are very near to one another can have very different rates. This is why it’s important to get auto ins quotes prior to moving.

Driving Without Auto Insurance is Not Worth it

As we have discussed, the actual rate is calculated in a complex fashion, but there are some basic tips you can take advantage of. The National Association of Insurance Commissioners says that an average rate is about $900 per year in the United States.

This is not a small amount of money for most people. The cost of not having your vehicle insured can cost a lot more. Legal fees can quickly add up for drivers without insurance that gets into an at-fault wreck. In addition, medical care for any injured parties can amount to millions of dollars. This means that if you drive, you better have your vehicle covered.

State Insurance Requirements

Each state has its own rules about how much insurance a driver must have. The more relaxed laws require only a small amount of liability only insurance. Some states require multiple coverages, including provisions for uninsured motorists and personal injury protection.

These different requirements create large variances in rates from state to state. If you plan on moving to a new area, you should definitely take the time to get quoted online at sites like Trumbull Insurance Company.

Some coverage items are considered options in some states, while they are requirements in others. In either case, having these additional options added onto your policy will make the cost of insuring your vehicle more expensive.

Auto Insurance Rating Factors

Rating factors are pieces of information about you and your automobile that insurance companies use to calculate rates. Here is a partial list:

  • Your vehicle’s make, model, and year
  • Your driving record
  • How much you drive yearly
  • Where your car is parked or stored
  • Your history of insurance coverage
  • Your credit history

As you can imagine, there are countless variations from person to person. This is another reason that your rate may differ from the national average. It will certainly differ among groups of friends or family members. Each person’s typical car insurance rates is unique, but we can get averages based on many factors.

State By State Car Insurance Averages

Various car insurance companies regularly report to different state insurance departments. Since states do not generally provide information on the averages paid by their residents, it’s more difficult to get precise data on rates. We can, however, use this information to gain a better understanding of state averages. Next, we will take a look at some state-specific cost averages.

Average Auto Insurance Rates in California

A single male and female, each with 9-15 years driving experience, who drive 12,000 – 15,000 miles per year will have different rates. They do not differ much in this case though, as each pays $925 – $930 per year on average. The female pays slightly less than a male motorist. The debate rages on about whether women are better drivers than men, but there is no argument women pay less to get insured.

Married couples in California get a big break on rates. Instead of the near $1,800 they pay separately, they now cumulatively would only be paying about $1420. That’s a savings of almost $400, just for being married.

Average Car Insurance Rates in Massachusetts

A single driver, regardless of gender, with 14 years of experience is going to pay about $1,030 annually for car insurance in Massachusetts. If they drive a 2008 sedan and select the minimum coverage required, they can expect to pay, on average only $600 per year.

A married couple can also get cheap automobile insurance in Massachusetts. If a person has 14 years of driving experience and the other has 12, with just one violation between the two, they will pay under $1,260 per year.

Average Car Insurance Rates in Florida

A 25-year-old female in Florida, with a no-fault accident and 12,000 miles or less in yearly mileage, will pay about $1360 per year for the minimum insurance required. This is much more than the single female in California and many other states.

Let’s take a look at a more detailed description. A married couple, each 50 years old, with a 20-year-old son and 18-year-old daughter, are looking at a pretty steep bill. On average the yearly insurance bill will be a little over $3025. Drivers who have a used car and buy only Florida liability insurance, can, however, get average rates for about $65 per month.

Average Auto Insurance Rates in Texas

An unmarried man who drives to and from work daily and is 25 – 64 years old will pay an average of $890 for car insurance in Texas. This is contingent, however, on him having good credit and no more than one traffic violation. A female in the same situation will pay less than $840 to get covered in Texas, a difference of about $50 every single year.

Get Auto Insurance Coverage Online for Under $60 Per Month

Now that you know how average car insurance rates are calculated, you are ready to start comparing plans. Get direct rates from under $60 per month online. Start by getting a quick quote at Trumbull Insurance and compare up to 10 plans from your smartphone or any device you prefer. Take advantage of instant discounts and save even more.

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