Latest Research & Perspectives

Why is West Garfield the worst neighbourhood for car insurance in Chicago and Illinois?

The West Garfield Park neighborhood of Chicago has the highest average auto insurance rates in Illinois, with an average annual rate of $1,675 in 2014 – 103% more than that of Bloomington, the cheapest city in Illinois. Also, this works out to be 29% more expensive than the state average.

There are many factors that determine your car insurance premium, such as your coverage limits, your loss history, age, gender, marital status, and vehicle safety features. But one of the most important factors that go into the calculation is where you live or where you keep your car. Insurance companies consider some places as higher risks than others, and as a result, they require drivers in those places to pay higher premiums for car insurance.

Why do insurance rates vary by location?

Location-related factors such as property crimes, number of insurance claims, population density, road infrastructure and other factors will ...

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The best states to buy and insure the Volkswagen Golf

The Volkswagen Golf is a small family compact car that has been in the markets since 1974. It is a popular car in the used car market.  If you are planning to buy a used Volkswagen Golf, you will have to factor in the insurance rates as a significant component of your total costs. The annual average insurance rates of the Golf are below $1000 only in the states of Maine and Iowa, and above $2000 in Oklahoma, Georgia and Connecticut. In all the other states, the average rates range between $1000 and $1800.

The states where insuring the Volkswagen Golf costs the least are listed in the table below –

State Make Model Annual Average Insurance Rate ($) Median Price ($) Percentage of median price spent on insurance (%)
Maine Volkswagen Golf 883 14,500 6
Iowa Volkswagen Golf 943 21,995 4
Idaho Volkswagen Golf 1020 20,991 4
Indiana Volkswagen Golf ...

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In the state of Missouri, St. Louis has higher insurance average compared to Springfield

The average insurance premium of used cars in the state of Missouri is $ 1,638. Two of the largest cities of the state – St. Louis and Springfield— have the average insurance premium of $1,798 and $ 1,216 per annum, respectively. We will analyze insurance average and median price of eight used car models for these two cities.

Please note that the used car models belong to the year range of 2005 to 2012.

In Springfield, the Chevrolet Silverado has the highest median price ($ 32,540). The lowest median price is recorded for the Ford F-Series ($ 11,496) in Springfield.

Data is available for three models of Honda—the Accord, the Civic and the CR-V. Among these models, the CR-V has the highest insurance average of $ 1889 in St. Louis, followed by the Accord ($ 1,713) in the same city. Of these three models, the Honda Civic has the highest ...

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Alabama – 52.8% increase in insurance rates in two decades

Alabama is 12th on the list of the most expensive states to buy auto insurance in the United States.  The average auto insurance rate in Alabama is $1667. Over the past two decades, drivers in Alabama have had to spend more than 50% more on auto insurance than they did before.  In 1989, the average annual auto insurance rate was $426.30. This has increased to $651.24 in 2010, which is a 52.8% increase. The national auto insurance average expenditure in 2010 is $791.22.

Let us consider the factors that led to this increase in the auto insurance rates –

State regulations –

The state of Alabama follows the PA (Prior Approval) regulatory law. The PA system requires that insurers apply for rate changes before they are implemented in the market. The average change in insurance rates is 48% for states that follow the PA regulatory system. In Alabama ...

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Buying a used Ford Taurus in the tri-state area

If you are considering buying a used Ford Taurus, you are probably wondering how much it would cost to insure it every year. The average annual insurance of the Taurus ranges between $ 849 and $2,977. It is the cheapest in Maine, and the most expensive in Georgia.

The median price of this car is the lowest in North Dakota ($12,999) and the highest in Delaware ($23,744).

Let us consider the total cost of buying a used Ford Taurus in the tri-state area of New York, New Jersey and Connecticut. The cost of insuring the Taurus is higher in this area than it is in Maine or Iowa. What can you do to get an affordable deal on the Taurus if you live in this area?

Let us consider the table below.

State Make Model Year Range Insurance Average ($) Median Price ($) Insurance Percentage (%)
New York Ford Taurus 2005-2012 ...

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How Providence makes the Nissan Altima, an affordable family car, even more attractive for the price conscious buyer

The Nissan Altima is one of the most affordable cars, with a lot of people loving its spacious interiors and frugal—yet powerful—engine. However, do keep in mind that one needs to look beyond the price tag, especially if the price of the car was a factor in making the decision. Insurance plays a vital role in determining the total cost of ownership. One of the crucial calculations is the insurance average. While it is a factor to calculate insurance, here is why it can also be misleading. Have a look at the table below.

State Make Model Insurance Average ($) Median Price ($) Insurance %
Connecticut Nissan Altima 1,718 19,100 8
Rhode Island Nissan Altima 1,587 10,485 15

We have taken into consideration two of the smallest states, which also happen to be on the East Coast – Rhode Island and Connecticut. The average insurance percentage in Providence ...

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Latest Auto Insurance Reviews

Geico, Brooklyn, NY

$54 for 1 Month

This car insurance is amazing I am young and i get a nice rate. When i have any questions there is someone that I can easily call and they will call me and get me the help that I need. It is always nice to have someone there to help ... Read all Brooklyn Car Insurance Reviews

Progressive, Charlotte, NC

$100 for 1 Month

I've been pretty pleased with Progressive so far. The monthly rates are fairly comparable with other insurance companies that I checked with. I like the ability to service my policy online, print out new insurance cards on the spot, or forms that I need with no wait. That is ... Read all Charlotte Car Insurance Reviews

GEICO, Dodge City, KS

$92 per month

I pay my car insurance in two installments a year, and it is around 92 dollars each time. I live in Dodge City, KS- whose zip code is 67801. I have no serious infractions on my driving record- just two speeding tickets from over five years ago. I am currently ... Read all Dodge City Car Insurance Reviews

Progressive, Palatka, FL

$42 per month

I am located in Palatka, FL, USA. I recently switched my insurance from Progressive to Geico because Progressive went up in payments. I currently am paying $42 per month for the Florida minimum, which is 10,000 bucks PPI and car coverage. I am currently driving a 2005 Dodge Caravan ... Read all Palatka Car Insurance Reviews

State Farm, Morganton, NC

$175.00 a month

I am 36 years old and have State Farm for my Auto Insurance. I am married and have two kids. We have two cars on the policy. One is a 2008 and the other is a 2010. They are very basic cars. We pay about $175.00 a month for ... Read all Morganton Car Insurance Reviews

Allstate, ,

$225 for a six month

Auto insurance costs me and my wife about $225 for a six month policy on our 2004 Honda Odyssey. We live in Medford, Oregon and both my driving record and my wife's driving record are immaculate with no accidents or tickets for many years. We are both in our 30s and have children. My wife does most of the driving as she is at home with the children, I ride my bicycle to work so I only do about 20% of the driving. Our auto insurance is with Allstate through local agent David Martin and we've been carrying full coverage through Allstate for about ten years now, we carry full coverage because it doesn't save us enough to drop to liability only so we feel safer. I love my insurance provider, they have helped me through some issues over the years that I never would have expected and have kept me coming back to them despite the possibility of a somewhat lower premium elsewhere. All in all I would rate Allstate as a 5+ on a 5 point scale based on their willingness to provide great service at all times.

AAA, Whittier, CA

$178 a month

My name is Sandy Carabio, and I am a 51-year-old female. I've been married almost 14 years and my husband and I have State Farm Car Insurance. We live in Whittier, CA 90605. State Farm has been our insurance provider for the last 15 years. Prior to this I ... Read all Whittier Car Insurance Reviews

State Farm, Rome, GA

$250 a month

I pay 250.00 a month for my car insurance. I am located in Rome, Georgia, 30165. I have never had an automobile accident in my life. I am insuring both mine and my girlfriend's cars. The coverage I chose protects all kinds of accidents to the automobiles, if ... Read all Rome Car Insurance Reviews

Nationwide, Middletown, CT

$116 per month

Right now I pay around $116 per month for my car insurance which is insured with Nationwide. I have a basic liability plan for my 2002 Mitsubishi Eclipse and it's currently the only car that insured with Nationwide. As a twenty four year old male living in Middletown, New ... Read all Middletown Car Insurance Reviews

Progressive, Wheeling, IL

$84.00 per month

I have been insured with IFA Auto Insurance for over 5 years. Every month I pay $84.00 and it is for full coverage on my GMC Envoy. I live in Wheeling, WV and I have been driving since I was 16 years of age. I have had no accidents ... Read all Wheeling Car Insurance Reviews