No matter where you live and what you drive, you want to know how to get the lowest car insurance rate for your circumstances.
Car insurance rates aren’t set in stone: Here are 6 tips for reducing your costs
State, Minimum Coverage Required, Average Annual Minimum-Liability Premium, Average Annual Full-Coverage Premium ; Alabama, 25/50/25, $572, $2,048 ; Alaska, 50/100/25, $506, $2,116 ; Arizona, 25/50/15, $956, $3,127 ; Arkansas, 25/50/25, $589, $2,398 ; California, 15/30/5, $736, $3,040
Key Takeaways ; The average annual cost of a car insurance policy is $2,068, according to our study. ; Traffic offenses like speeding tickets and DUIs can significantly increase average costs. ; Teens are among the costliest drivers to insure, while seniors enjoy relatively low rates.
Car insurance costs are rising but there are strategies you can use to try and lower your costs.
Key Takeaways: ; At $1,247, USAA has the lowest average annual rate for low-mileage car insurance, but Erie Insurance and Nationwide aren’t far behind. ; The definition of a low-mileage driver varies across insurance providers; however, it refers to those who drive infrequently or drive under a certain mileage every year. ; Some car insurance companies offer telematics apps that track your driving and provide usage-based discounts.
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Shopping for car insurance? We’ve analyzed rates to help you get started in your search for a policy that fits your budget and can meet your coverage needs.
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Car insurance rates are at a 50-year high. The climate crisis and high accident rates are to blame, but there are tricks for lowering your bill.