#compare car insurance prices
How can I compare car insurance rates by state?
While most people know your auto insurance rates vary according to the type of vehicle you own and your personal driving record, there are plenty of other factors that are considered as well. For example, many people don’t know that your location can cause you to pay higher or lower premiums than a driver with a similar background who lives elsewhere in the United States .
If you’re planning a move, it’s helpful to compare car insurance rates by state in order to work out an accurate budget for yourself. The following states rank in the top 10 for the most expensive auto insurance policies, although your personal experience will vary according to the type of policy you have and the insurance company you are doing business with:
- District of Columbia
- New Jersey
- New York
The reasons for location-based priced differences in auto insurance quotes can vary, although one major factor in setting insurance rates is the amount of coverage each state requires. For example, Alaska ‘s minimum insurance coverage is set at 50/100/25 the highest in the nation. Requiring drivers to carry more insurance will naturally increase the average price of an auto policy, even if all other factors are equal.
Another factor that influences auto insurance rates is the state’s population density. Residents of states with a high number of urban areas typically have more expensive car insurance rates than drivers who live in rural states, since the higher traffic congestion and the additional risk of vehicle theft poses a liability.
When preparing your monthly budget, however, you will want to keep in mind that auto insurance is only part of the expense associated with owning a vehicle. If you also factor in maintenance, repairs, depreciation, financing, taxes, and fees, Hawaii. California. Alaska. Nevada. and West Virginia top the list of the most expensive states in which to own a vehicle. On the other end of the spectrum, New Hampshire. South Dakota. South Carolina. Oregon. and Wisconsin drivers enjoy significantly lower than average vehicle ownership costs.
Comparing insurance rates from multiple providers will allow you to choose the best coverage for you–at the best price.