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Top 10 U.S. Cities with the Cheapest Car Insurance Premiums

How much would you rather pay for auto insurance: $900/year or $11,000/year? Depending on where you live, you could be paying way more (or less) than you anticipated.

There are many factors that contribute to how much a driver pays for car insurance. As you may already know, traffic violations, driving history and number of claims play major roles in determining your rates. Other factors include:Age
Gender
Occupation
Credit history
Marital status
Type of car (new vs. used)
Gaps in coverage

Your Location Can Affect Your Car Insurance Rates

If you feel that you are paying too much for car insurance for reasons other than the factors listed above, your location could be to blame. Car insurance rates vary significantly across the U.S., and some drivers will pay higher premiums depending on where they live. In fact, it’s not uncommon for insurers to offer lower insurance rates to drivers who live in rural areas than they do for those who live in metropolitan areas. In today’s post, we find out which are the most expensive and the cheapest cities for car insurance.

Expensive car insurance premiums can have a large financial impact on people’s lives since (for the most part) they cannot control outside factors that cause rate increases. Locale factors that contribute to car insurance costs include: weather, traffic conditions and congestion, high crime rates, and local laws.

In a recent study, researchers used the profile of a 26-year-old male driver of a 2012 Toyota Camry with no history of accidents, to analyze the average annual car insurance premiums in the top 125 largest U.S. cities.

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