Driving conditions in your new state may also affect your rates. For example, auto insurance with minimum coverage in Pennsylvania costs an average of 53% less than in New Jersey. Both states have identical minimum coverage requirements and both are no-fault states. But New Jersey has more people and more traffic.
And some of the smallest and least populated states in the country are among the 10 states with the highest average annual rates of car insurance premiums. The biggest surprise on the list of the most expensive states for auto insurance premiums this year was Delaware, which jumped to third place. However, you might find a better deal with a small local or regional business, so ask for car insurance quotes from several companies before buying a policy. In terms of average car insurance premiums, Idaho drivers only spend a few dollars more than Mainers residents each year.
Another reason is that your location is one of the main factors that auto insurance companies use when setting rates. Check your state's ranking for average insurance rates and which states have the cheapest and most expensive car insurance. That usually means less chance of accidents and weather-related claims, meaning that car insurance companies will have to spend less money. In addition to where you live, car insurance rates are also affected by factors such as age and driving history.
Keeping car insurance rates low by improving your driving habits and credit score, seeking discounts and using usage-based insurance (pay-per-mile) are all options. Comparing the requirements can help you start calculating your car insurance to see how your bills might change after a move. Some of the states with the lowest average annual rates of car insurance premiums are states where the cost of living, on average, is higher. You can't always control all the factors that affect your car insurance rates, but there are things you can do to save money.
And in New York, California and Delaware, the population density and the huge number of cars on the roads make accidents inevitable, which is why drivers in the states have to pay higher premiums and insurance rates, Cudd says. After you compare the quotes and understand which car insurance best fits your needs, you can make the final decision about buying the car insurance policy. In the meantime, to get an auto insurance policy, you can simply compare prices online, find the best policy for your needs, and buy it. In addition to local factors such as zip code and crime and theft rates, insurance companies also consider personal data when setting insurance rates.
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