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The Cheapest States for Car Insurance
Saturday, June 22, 2019 10:10 AM
LOS ANGELES, CA / ACCESSWIRE / June 22, 2019 / Compare-autoinsurance.org has released a new blog post that presents the cheapest states to insure a car in 2018.
For more info and free car insurance quotes online, visit http://compare-autoinsurance.org/the-cheapest-states-for-auto-insurance-in-2018/.
The cheapest states for auto insurance have several characteristics in common. Their population lives preponderantly in rural areas, they are safe from extreme weather, and favorable legislation.
The state with the
cheapest average rate is Vermont. Annual premiums in Vermont average $932, which is well below (32 percent) the national average of $1,365. Vermont has a sparse population which lives predominantly in rural areas. Vermont also has a low number of accidents and uninsured drivers. Iowa is described as a perfect rural-state, with more than 86.000 farms.
A high number of
insurance companies selling coverage in the same area will reduce the average
rates. Ohio, Idaho and Virginia are perfect examples. Only in Virginia, there are around 300 insurance companies. The high competitiveness benefits the policyholders the most.
legislation will also help drivers get cheaper coverage. The client is protected by unfair price increases. Virginia has a stable regulatory environment, the State Corporation Commission (SCC), of which the Bureau of Insurance is a part. SCC activities include licensing, regulation, examination, and investigation of insurance companies, agencies and agents. This means that rates increases are thoroughly analyzed.
For more car insurance info and free online quotes, please visit http://compare-autoinsurance.org.
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"The cheapest states to insure cars have several things in
common. Living in rural areas and having numerous companies to choose from will
make rates cheaper," said Russell Rabichev, Marketing Director of Internet
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SOURCE: Internet Marketing Company