Cheapest Auto Insurance

Cheapest Auto Insurance

According to a study carried out by Runzheimer International in Wisconsin - Roanoke has the cheapest auto insurance rates in the United States. The annual premiums paid by people in this state averaged $758 in 8 to 10 months during 2004.

In contrast, Detroit had the most expensive auto insurance rates in the United States, with annual premiums of more than $5100 during 2004. Other cities with high auto insurance rates include Philadelphia and Newark, New Jersey. However, it's not only Roanoke that boats the cheapest auto insurance rates. Wapakoneta, Ohio and Chattanooga, Tennessee are also offering cheaper premiums to their clients.

How were the cheapest auto insurance premiums evaluated? Runzheimer carried out their study by evaluating mid-sized sedans. These cars were driven in a 50-mile radius of the cities studied. According to the report the average premiums are based on drivers over a minimum age. All the drivers in the study had perfect driving records.

What types of auto insurance packages were studied? The study included average rates for comprehensive, collision, bodily injury, property damage and uninsured motorist coverage. What is the reason for the vast difference in auto rates and why do certain U.S. cities offer their citizens the cheapest auto insurance rates?

According to insurance agents, the cheapest auto insurance rates are found in smaller cities with lower crime rates. In big cities where crime statistics are higher as in the case of Newark insurance rates are likely to be higher since autos are considered to be at greater risk for accidents, theft, vandalism and liability issues.

Considering the above, there may not be much you can do about high rates, unless you are willing to consider moving to Wapakoneta! However consumers can still take advantage of auto insurance discounts for safe driving, defensive driving courses, a good credit record, low mileage and student or senior citizen discounts. Get the cheapest auto insurance rates you can by taking advantage of your personal credits and attributes.

Source: http://www.wavy.com/Global/story.asp?S=3153315