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RateWatch Archives

Rates Remain Steady as Summer Months Roll On

Insurance.com RateWatch reports trends in car insurance rates, based on more than a million comparison quotes a year. In June, rates quoted were higher than April's rates in 14 states and the District of Columbia, essentially unchanged in 10 states and lower in 23 states.

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Largest Rate Increases

  • Delaware13.9%
  • Utah8.8%
  • Idaho7.4%
  • New Hampshire6.3%
  • Alabama4.6%

Largest Rate Decreases

  • Vermont-27.0%
  • Nevada-10.3%
  • Missouri-9.5%
  • Minnesota-7.1%
  • Indiana-6.7%

U.S. Auto Insurance Rates Averaged $1,789 Annually in June

 

The lowest average annual auto insurance rate decreased nationally in June, from $1,798 in May to $1,789 in June. This marks the lowest the average annual auto insurance rate has been in over two years.

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Compare Quotes While Rates are Low

"I'm frankly surprised that car insurance rates continue to decline. We hadn't seen rates under $1,800 at least since 2007. If drivers are thinking about switching companies, it's time to stop thinking. Shop, compare quotes and save some serious cash."

-Sam Belden Ex-Vice President, insurance.com
  • 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.
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Top 3 Tips to Remember when Comparing Car Insurance Quotes

 

  • Accurate info = accurate quotes. Before you compare car insurance quotes, gather all the information you need: driver's license, vehicle year, make and model, current policy details, and all your driving record - for the last three years. The more accurate you are, the more accurate quotes you'll receive.
  • Ask about discounts. Know what discounts you have today and think about which discounts might help you save even more - discounts like low mileage, hybrid, safe driver, good student and more. If you're not getting a discount from your current carrier, look for companies that cater to you and match discounts to your lifestyle.
  • Shop online to save time. At insurance.com, drivers fill out one form - one time - to receive up to four car insurance comparison quotes from more than a dozen top-rated companies. It's a process that could take hours if a driver went to each carrier individually. In less than 10 minutes, drivers can find a policy that fits them best - and could save them hundreds of dollars.

 

$517 New Customer Savings: Jun. 2010

 

Drivers who reported savings after switching car insurance companies at insurance.com last month saved $517 a year. Savings vary by state.

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