Auto Insurance Quotes Online Comparison – Switching car insurance companies can save you up to 30% or more on premiums, so it’s important to compare car insurance to get the best price.
By licensed insurance agent Rob BhattRob is a freelance writer with experience covering property and casualty, life, and health insurance. By Bryan OchallaBryan Ochalla has been a writer and editor in various capacities since graduating from the University of Wisconsin–Madison over 18 years ago.
Auto Insurance Quotes Online Comparison
After all, each car insurance company uses a different system to determine your rate. Although this can be confusing, it also means that you qualify for a much lower price from one company than from others.
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The best way to find the company that will give you the cheapest car insurance rates is to shop around. Read on for expert tips on how to compare auto insurance quotes like a pro.
American Family, State Farm, and Progressive offer the cheapest auto insurance for the average adult with a clean record.
Among the most affordable auto insurance companies, the difference between the cheapest company, American Family, and the fifth-cheapest, GEICO, is almost 50%. This is just one example of how much you can save by comparing car insurance rates from multiple companies when shopping around.
Location is one of the most important factors that insurance companies use to set premiums, because your rates reflect their cost of doing business in your community.
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Since car insurance requirements and regulations vary by state, you can expect to see big changes in car insurance rates from state to state. Rates can also vary widely in different communities within the same region. For example, car insurance is 25% cheaper in Peoria, Illinois, than in Chicago.
This is why it’s a good idea to compare car insurance rates from multiple companies when you move. Even if one company gives you the lowest price on your current address, another company may offer you a better deal on your new home.
Your age may be a number for you, but the insurance company, is one of the most important factors in determining how much you pay for car insurance, especially if you are a teenager or a senior citizen.
Young drivers can see car insurance rates more than double what a 25-year-old would. Middle-aged drivers tend to qualify for the lowest rates, but prices tend to push drivers back into their retirement years.
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Although 25-year-olds qualify for much lower car insurance rates than younger drivers, rates are directly lower for drivers between the ages of 30 and 60.
For example, a 30-year-old pays 11% less for car insurance than a 25-year-old. Insurance rates gradually decrease each year for drivers between 30 and 60 years old, but a 60-year-old pays only $108 less per year than a 30-year-old.
Adults between the ages of 30 and 60 pay the lowest car insurance rates, as they are generally considered the safest age group.
Young people have the highest accident rates of all age groups, this is one of the main reasons why car insurance companies charge young drivers higher car insurance rates.
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Teenagers usually get lower car insurance rates when combined with a parent or guardian policy than they do on their own.
If you are planning to add the new teenage driver in your family to your car insurance policy, be sure to compare the rates of several companies and see if they offer discounts. Many car insurance companies offer discounts to families with teenagers who have good grades and/or complete an approved driver’s education course.
State Farm has the cheapest car insurance for 18-year-old drivers, charging an average of $330 per month. You may be able to get cheaper coverage from USAA, but you or your family must have a military connection to qualify.
Other companies that offer cheap car insurance for 18-year-old and other young drivers: American Family, GEICO, Erie and Mercury. Keep in mind that Erie is only available in 12 states (plus the District of Columbia) and Mercury in 11 states.
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Among the age groups, the elderly have slightly higher accident rates than middle-aged drivers, this is one of the main reasons why those in retirement age see higher insurance rates.
The average driver qualifies for the lowest car insurance rates at age 60. A 65-year-old driver only pays 2% more for car insurance than a 60-year-old, but a 75-year-old pays 22% more than a 60-year-old.
State Farm offers the cheapest auto insurance for senior drivers among motorists in the nation, with an average monthly rate of $67.
American Family and Progressive also charge affordable rates for seniors. Their average monthly costs are $68 and $78, respectively. Again, USAA’s may be even lower, but you must be current or former military (or related to someone) to take advantage.
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An accident, DUI or speeding ticket usually increases your insurance rate, because insurance companies consider those who have had accidents in the past to be a risk to cover.
The amount of insurance premiums that can go up after a traffic violation or accident ranges from 20% for a speeding ticket to 74% for a DUI.
Most insurance companies add a surcharge three to five years after a ticket or accident, but some serious crimes can affect your rate for a long time.
If your current company is charging you for an incident that occurred more than three years ago, consider shopping around with a company with a shorter lookback period.
Progressive Auto Insurance Quotes Comparison. Quotesgram
Erie’s average price of $127 for drivers with a previous accident is $40 a month cheaper than any insurance policy and is by far the lowest of the companies we surveyed.
Also, State Park only charges accident drivers 20% more than drivers with a clean record, while Mercury increases prices for accident drivers by 74%.
The rates are full auto insurance for a 35-year-old male with an at-fault accident on his driving record.
Erie, State Farm and USAA offer the cheapest car insurance rates for drivers with a prior DUI, which is known in some states as driving while intoxicated/impaired (DWI) or operating while intoxicated/impaired (OWI).
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Erie’s average rate for drivers with a prior DUI, $172 per month, is the cheapest of the providers we tested at $27.
That said, Erie’s rates for a DUI driver are 72% higher than those for a driver with a clean record, while USAA increases the rates for drivers with a DUI by 89%. The rate of development in this case is only 27% higher.
The cheapest general auto insurance after a speeding ticket can be found in Erie, based on our database. It charges $109 a month, on average – $26 cheaper than the closest competitor USAA.
State pharmacy accounts for only 8% of drivers ticketed for speeding. Mercury and Progressive each increase their rates for drivers with speeding tickets by 32%.
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The rates are full auto insurance for a 35-year-old man with a speeding ticket on his driving record.
Gender has a greater impact on insurance rates for young drivers than for those aged 30 or older.
For example, the average price insurance companies charge 18-year-old women is 17% less than the price available to 18-year-old men. At age 35, men pay only 1% more than women.
Insurance companies generally consider young women to be safer drivers than young men and are more likely to be involved in serious car accidents. This, in turn, makes younger women cheaper to insure.
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State Park charges the cheapest auto insurance rates for young women, averaging $323 per month, among the nation’s drivers. This is 22% less than what it charges for its peers.
Young men will also find the cheapest car insurance at State Pharmacy, too, based on our data. American Family is a good second option in both cases.
Although the difference in insurance rates for men and women is smaller in older age groups, gender alone may account for some of the price differences you may see when you compare car insurance rates when you’re in the middle of nowhere. 30 or older.
For example, all other factors being equal for 35-year-old drivers, Progressive charges men 5% less for auto insurance than women. GEICO rates for a 35-year-old woman are 4% lower than those for a 35-year-old man.
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Your credit history may have a bigger impact than you think on your car insurance rates, unless you live in one of the five states that prohibit insurance companies from using credit as a car insurance rate.
On average, drivers with good credit pay 44% less for car insurance than those with bad credit, although scoring systems vary by state and insurance company.
In states where the practice is allowed, insurance companies use credit reports that typically focus on the amount and type of debt you have and your payment history. This is different from the credit reports that lenders use to determine your creditworthiness, which includes household income information.
The good news is that your credit score does not affect your credit score.
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Cheap car insurance with good credit, get quotes from American National and Family. The national average is $175