Auto Insurance Agents, Quotes and Research

Write a Review

Latest Research & Perspectives

Which is the best state to insure an Audi A4?

The Audi A4 is arguably one of the most versatile Audi cars in the market. It is available as a sedan or wagon today, though it also went through a convertible phase before Audi A5 took over the convertible version of the A4.

The greater variations in the prices of Audi A4 (compared to the rates of A3) are in tune with the facelift given to the vehicle several times since its launch in 1994.

Although the A4 series has a larger percentage of insurance to be paid, the average prices are relatively lower. The most expensive price tag of vehicle can be found in the state of North Dakota where the median price is as high as $30,990 and an additional 4% of the amount is required to insure the vehicle.  The state of Oklahoma, on the other hand, has a median price as low as $11,517 ...

Continue reading

Collision coverage for a Honda Fit at $395

The Highway Loss Data Institute released a study in September 2013. In it, they assessed the damage susceptibility for vehicles of all sizes and classes. They did so by allocating relative scores to all vehicles with a score of 100 representing the average. Any score less than 100 is considered better than average in the study.

Relative claim frequency and relative claim losses were two of the categories in which scores were given. Considering that relative claim frequency and relative claim loss are two of the main factors that insurers use in determining collision coverage premiums, the study makes interesting reading.

The study found that 4 door mini cars scored 111 in the relative claim frequency category and 117 in the relative claim losses category. Furthermore, 4-door minis scored 105 in relative claim severity. In other words, 4-door minis had worse than average scores in all three categories covered by ...

Continue reading

The best states to buy and insure a used Hyundai Veloster

The Hyundai Veloster is the latest entry in the sports compact segment being sold in the United States since 2011. This 3-door hatchback has already become very popular in the used car market.

The Veloster is one of the more affordable sports compacts, with a median price range of $17,000 in Massachusetts to $20,999 in New Mexico. The average annual insurance for this car ranges from $808 in Maine to $2316 in Michigan.

The cost of insuring a Veloster is the lowest in the following states –

State Insurance Average ($) Median Price ($) Insurance Percentage (%)
Maine 808 19,688 4
New Hampshire 897 18,995 4
Idaho 929 17,995 5
Arizona 945 18,994 4
North Carolina 971 17649 5

Even though Mainers spend more on buying the Veloster, they save on annual recurring insurance costs. Also, they have the option of buying the Veloster from another state and ...

Continue reading

Which Car Will Cost Me the Least in the Long Run in California?

California is one of the most expensive states to buy auto insurance, with an annual average insurance rate of $1,819. As of January 2014, Los Angeles is the most expensive auto insurance zip code in California, with an annual average insurance rate as high as $2,195.

In a state where insurance costs start at $1,883, it is best to consider both the price of the vehicle as well as the cost of insuring it before making a choice.

Make Model Year Range Average Annual Insurance Rate ($) Median Price ($) Insurance Percentage (%)
Honda Accord 2005 - 2012 1,883 17,999 10
Honda CR-V 2005 - 2012 1,893 24,890 7
Toyota Camry 2005 - 2012 1,956 17,300 11
Toyota Corolla 2005 - 2012 2,055 16,988 12
Chevrolet Silverado 2005 - 2012 2,057 13,999 14
Ford F-Series 2005 - 2012 2,091 25,999 8
Nissan Altima 2005 ...

Continue reading

Things you should know about insuring a used Hyundai Elantra in your state

Of all the Hyundai cars, the Elantra is one of the most popular compact cars in the United States. This car is currently in its fifth generation, and is now available as a coupe and a 5-door hatchback.

In the used car market, the total cost of the car can be broken down into two parts: the cost of the vehicle, and the cost of auto insurance for the first year. Adding the cost of auto insurance to the cost of the car is an extremely important step in financial planning.

So, here are three things you need to know while buying and insuring a used Elantra –

1.Insuring a used Elantra costs above $1400 in 18 states –

Except for the states of Louisiana, New Jersey, and Michigan, the average annual insurance rates for insuring a used Elantra are less than $18,000. In Florida, Massachusetts, Hawaii, Kentucky, Georgia and ...

Continue reading

Mini sports cars: bucking the trend of collision coverage costs

Relative claim frequency, relative claim severity and relative overall loss are three measures that insurance companies use in determining the cost average cost of providing collision coverage to cars. In a study by the Highway Loss Data Institute a score of 100 serves as the average in all three measures and represents the average score for cars of all types, classes and sizes.

Sports cars are classified by size as follows: mini, small, midsize and large. All classes of sports cars, with the notable exception of mini sports cars, score well above the average when taking into consideration relative loss per claim. Small, medium and large sports cars scored 164, 141 and 124 respectively. A score so far above the average of 100 drives up the costs of buying collision coverage for sports cars. In contrast, a mini sized sports car boasts a score of 80. The same trend is ...

Continue reading