When shopping for car insurance it is a good idea to check out the average car insurance rates for your area and time of year. Much like the stock market and price of oil car insurance rates fluctuate all over the country depending on the time of the year. If you are in the market for a new insurance policy this information could be useful in getting the lowest premiums possible.
The average car insurance rate for the nation for this year is currently $1,780. When you’re looking for a policy keep this information in mind as it is a good indicator of what you are saving in terms of money. However you have to take into account where you live in the country. Typically states on the north eastern United States and the west coast have the highest insurance premiums. Much of this has to do with the amount of traffic in the area along with state regulations for car insurance companies. Incidentally enough the rates of car theft and aggressive driving are higher in these areas of the country helping to contribute to the higher insurance premiums. Anyone who lives in the north east can attest to the amount of traffic on the major highways in New York, New Jersey, and the New England states.
To find out the current pricing trends the Car Insurance Premium Index keeps a monthly chart for the last year showing the pricing trends. If you look at the current chart for the last year you see that the cost of insurance starts to drop once school starts in the fall usually hitting its low during the months of September and October. This is a good indicator that if you do want to buy a new policy that doing so in the months of September and October. When you go to compare car insurance rates at this time for your new policy they will be at their lowest prices throughout the year. Once November hits and the holidays roll around prices start to slowly rise through the holidays and hit their peak at the end of spring and beginning of summer. This seems to be about the time kids get out of school and the amount of drivers on the roads increase due to the peak vacation time across the country.
One important piece of information to keep in the back of your mind is the age and sex of the driver. Teen drivers have some of the highest insurance premiums due to their high risk of accidents due to inexperience. Male teens have a slightly higher premium than female drivers and continue to do so until after the age of 25. However if you’re a married male driver under the age of 25 your rates will be lower than the equivalent single male driver. Female drivers no matter what age will always enjoy having lower insurance premiums than male drivers with the same driving record because they are considered to be less aggressive drivers.
Remember when shopping for car insurance that average car insurance rates fluctuate throughout the year. If you can try and do you’re shopping during the fall months of September through November for the lowest premiums throughout the year. While the overall trend suggests that the national average rate does rise from year to year this does not mean that rates rise straight through the year. Taking advantage of these monthly fluctuations throughout the year can save you money on your next insurance policy.
The average car insurance rate for the nation for this year is currently $1,780. When you’re looking for a policy keep this information in mind as it is a good indicator of what you are saving in terms of money. However you have to take into account where you live in the country. Typically states on the north eastern United States and the west coast have the highest insurance premiums. Much of this has to do with the amount of traffic in the area along with state regulations for car insurance companies. Incidentally enough the rates of car theft and aggressive driving are higher in these areas of the country helping to contribute to the higher insurance premiums. Anyone who lives in the north east can attest to the amount of traffic on the major highways in New York, New Jersey, and the New England states.
To find out the current pricing trends the Car Insurance Premium Index keeps a monthly chart for the last year showing the pricing trends. If you look at the current chart for the last year you see that the cost of insurance starts to drop once school starts in the fall usually hitting its low during the months of September and October. This is a good indicator that if you do want to buy a new policy that doing so in the months of September and October. When you go to compare car insurance rates at this time for your new policy they will be at their lowest prices throughout the year. Once November hits and the holidays roll around prices start to slowly rise through the holidays and hit their peak at the end of spring and beginning of summer. This seems to be about the time kids get out of school and the amount of drivers on the roads increase due to the peak vacation time across the country.
One important piece of information to keep in the back of your mind is the age and sex of the driver. Teen drivers have some of the highest insurance premiums due to their high risk of accidents due to inexperience. Male teens have a slightly higher premium than female drivers and continue to do so until after the age of 25. However if you’re a married male driver under the age of 25 your rates will be lower than the equivalent single male driver. Female drivers no matter what age will always enjoy having lower insurance premiums than male drivers with the same driving record because they are considered to be less aggressive drivers.
Remember when shopping for car insurance that average car insurance rates fluctuate throughout the year. If you can try and do you’re shopping during the fall months of September through November for the lowest premiums throughout the year. While the overall trend suggests that the national average rate does rise from year to year this does not mean that rates rise straight through the year. Taking advantage of these monthly fluctuations throughout the year can save you money on your next insurance policy.
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