The Benefit of a Higher Education Nationally, drivers can save on car insurance as they reach higher levels of education. Historically, this difference has been negligible. However, this year a driver with no high school diploma is paying an average of $60 more a year than a driver with a Ph.D., which is up from only $39 …
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Homeowners pay less for Automobile Insurance Nationally in the US , renters pay about $29 more a year for car insurance than homeowners or condo owners (regardless of whether or not they choose to bundle policies). Bundling home and auto insurance may lead to a savings of about $153 a year. Connecticut homeowners see the …
Married Couples get a Cheaper Rate When single people get married, their car insurance rates drop about 7.3%, saving roughly $104/year. And when they get divorced, their rates shoot back up to those of a single person. In all but 13 states, single and divorced people have the same rates — in 10 states divorced people pay more. …
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In Many States Women pay More than Men for Insurance. Nationally, the difference between what women and men pay for car insurance is insignificant (less than 0.1%). Interestingly, in 20 states women pay more than men, and in 25 states men pay more than women.Oregon has the highest difference in average annual premiums, at nearly 6%, and …
Why does your credit score affect what you pay for car insurance? Credit can have a significant impact on car insurance rates. In fact, drivers with very poor credit pay 69% ($1,537) more for car insurance than drivers who have exceptional credit. California, Hawaii, Michigan, Massachusetts and Washington don’t allow credit as a ratings factor, so there is …
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Auto Insurance Rated Based on Who You Are Car insurance companies correlate a driver’s age to their risk. Young, inexperienced drivers and older drivers with bad habits are more likely to get in an accident so they pay higher rates.
Detroit is the most expensive and small city in Ohio is the least expensive
The Arizona Department of Insurance The purpose of this Arizona Department of Insurance and Financial Institutions (DIFI) publication is to encourage consumers to do some comparison shopping for automobile insurance before making a purchase. DIFI based the premiums in this publication on hypothetical situations, so as to provide an example of the available premium range …
Car insurance rates by state In the past year, 38 states (including Washington, D.C.) saw an increase in premiums, while 13 states saw a decrease in rates.Louisiana saw the largest increase of 42%, which now puts the state at the top spot for most expensive insurance. Marylandhad the largest decrease at around 9%; however, the …
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