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RateWatch Archives
Auto Insurance Rates Decrease in Most States
Insurance.com RateWatch reports trends in car insurance rates, based on more than a million comparison quotes a year. In February, rates quoted were higher than January's rates in 11 states and the District of Columbia, essentially unchanged in 7 states and lower in 28 states.
Show All StatesRate Changes by State
| State | February 2010 Premium | $$ Changes | % Changes |
|---|---|---|---|
| AL | $1622 | ($43) | -2.6% |
| AR | $1865 | ($25) | -1.3% |
| AZ | $1528 | $17 | 1.1% |
| CA | $1736 | ($57) | -3.2% |
| CO | $1496 | ($19) | -1.2% |
| CT | $2095 | $63 | 3.1% |
| DC | $2904 | $235 | 8.8% |
| DE | $2339 | $25 | 1.1% |
| FL | $2151 | $3 | 0.1% |
| GA | $1592 | ($51) | -3.1% |
| IA | $1292 | $36 | 2.9% |
| ID | $1323 | ($58) | -4.2% |
| IL | $1435 | ($53) | -3.5% |
| IN | $1428 | ($75) | -5.0% |
| KS | $1607 | $1 | 0.1% |
| KY | $2055 | ($42) | -2.0% |
| LA | $2359 | ($63) | -2.6% |
| MD | $2352 | $63 | 2.7% |
| ME | $1317 | $39 | 3.1% |
| MI | $1994 | ($39) | -1.9% |
| MN | $1776 | $68 | 4.0% |
| MO | $1578 | $41 | 2.6% |
| MS | $1944 | ($26) | -1.3% |
| MT | $1622 | ($109) | -6.3% |
| NC | $1503 | ($8) | -0.5% |
| ND | $1346 | ($74) | -5.2% |
| NE | $1505 | ($65) | -4.1% |
| NH | $1280 | ($204) | -13.8% |
| NJ | $2825 | $123 | 4.5% |
| NM | $1719 | ($1) | -0.1% |
| NV | $1981 | ($40) | -2.0% |
| NY | $2672 | $186 | 7.5% |
| OH | $1183 | ($10) | -0.8% |
| OK | $1783 | ($47) | -2.6% |
| OR | $1479 | ($78) | -5.0% |
| PA | $2094 | $1 | 0.0% |
| RI | $2212 | ($88) | -3.8% |
| SC | $1614 | ($42) | -2.5% |
| SD | $1570 | $74 | 5.0% |
| TN | $1468 | ($15) | -1.0% |
| TX | $1852 | ($22) | -1.2% |
| UT | $1800 | $10 | 0.6% |
| VA | $1571 | $33 | 2.1% |
| VT | $1232 | ($31) | -2.5% |
| WA | $1798 | ($49) | -2.6% |
| WI | $1295 | ($44) | -3.3% |
| WV | $2009 | ($48) | -2.4% |
| WY | $1563 | ($164) | -9.5% |
Largest Rate Increases
- District of Columbia8.8%
- New York7.5%
- South Dakota5.0%
- New Jersey4.5%
- Minnesota4.0%
Largest Rate Decreases
- New Hampshire-13.8%
- Wyoming-9.5%
- Montana-6.3%
- North Dakota-5.2%
- Indiana-5.0%
U.S. Auto Insurance Rates Averaged $1,836 Annually in February
Car insurance rates increased 8% in total in 2008, but dropped dramatically in December 2008 and remained relatively level throughout 2009. While rates rose slightly in December of 2009 and January of 2010, average rates still haven't been as low as this February's - if you ignore the months of October and November of 2009 - since February 2008 ($1,828).
Rates Change Often
"Although auto insurance rates rose over the previous two months, they came back down a bit in February. And despite the small rises, rates are still lower now than they've been for most of the last two years. If the rate you're paying with your current company isn't going down or is even increasing, now is a good time to check that you're getting the best deal."
- RateWatch reports the lowest average annual car insurance rates quoted to consumers who compared rates at insurance.com.
- The rates in this study came from more than a dozen leading auto insurance companies in 46 states and the District of Columbia.
- More than 1 million drivers get comparison quotes from insurance.com each year.
RateWatch for Car Insurance compares the lowest average annual car insurance rates quoted to consumers by insurance.com in February 2010 to the rates quoted in January 2010. The rates consumers viewed, but didn't necessarily purchase, came from auto insurance quotes consumers received from over a dozen of the nation's leading auto insurers. Insurance.com provides car insurance quotes to more than 1 million people visiting the website or calling for a quote each year. While RateWatch is a broad indicator of pricing activity in the personal auto insurance marketplace, it is not a comprehensive index as it reflects only the quotes of companies insurance.com represents in the 46 states where it quotes (all states except Alaska, Hawaii, Massachusetts and New York).
$518 New Customer Savings: Feb. 2010
Drivers who reported savings after switching car insurance companies at insurance.com last month saved $518 a year. Savings vary by state.
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