What are YOU paying for Automobile Insurance?
Average car insurance premiums by State:
|3||Washington, D.C.||$ 1,799|
|6||West Virginia||$ 1,716|
|8||Rhode Island||$ 1,656|
|10||New Jersey||$ 1,595|
|19||North Dakota||$ 1,377|
|National average||$ 1,311|
|28||New Mexico||$ 1,237|
|31||South Carolina||$ 1,210|
|32||South Dakota||$ 1,180|
|42||New York||$ 1,013|
|44||North Carolina||$ 986|
|47||New Hampshire||$ 905|
Earlier this month, I sent you some information about how our Massachusetts insurance rates (for all types of insurance combined) stacked up against the other 49 states, taking into consideration median income for that state. As a result, I got several comments back asking about how we here in Massachusetts ranked for Automobile Insurance separately…..regardless of the median income in the state.
I sourced some info from one of the industry sources, and compiled the information in the block to the right. Notice the range of Automobile Insurrance Rates swings wildly between $2476 at the highest and $805 at the lowest.
The study compiled rates from six major insurance carriers in 10 ZIP codes in every state. The rates were for the same full-coverage policy for the same driver — a 40-year-old man with a clean driving record and good credit.
The study only considered the rates for the 20 best-selling vehicles in the U.S. Each model was rated on its cheapest-to-insure trim level. Those vehicles were:
- Ford F-150 Platinum 4WD Supercrew
- Chevrolet Silverado 1500 LS 2WD Regular Cab
- Dodge Ram 1500 Tradesman Regular Cab
- Toyota Camry LE sedan
- Honda Accord LX sedan manual transmission
- Toyota Corolla L sedan
- Nissan Altima 2.5 sedan
- Honda CR-V LX 4WD SUV
- Honda Civic LX sedan manual transmission
- Ford Fusion S sedan
- Ford Escape S 2WD
- Chevrolet Cruze LS manual transmission
- Toyota RAV4 LE 4WD SUV
- Chevrolet Equinox LS 2WD SUV
- Hyundai Elantra SE sedan
- Ford Focus S sedan
- Hyundai Sonata SE sedan
- GMC Sierra 1500 2WD Regular Cab
- Ford Explorer 2WD SUV
- Toyota Prius Five hatchback
Massachusetts Ranks 16th for car insurance
Not only does this information show that we pay far less than the most expensive states, but it also shows that the “average” Massachusetts resident pays $1460 for their auto insurance. And that’s still $149 above the national average of $1311.
Compare that number against what you are paying. If you are paying more, ask yourself “Why?” There may be a legitimate reason for it, especially if you have had an ongoing situation with accidents or moving violations, or you drive an especially expensive vehicle. But if you have a good driving history and you are paying more than $1460 per year, you should be calling us immediately. I’m confident that we probabaly can save you some money that would be better put to use elsewhere in the family budget.
Econosurance has been here serving the Massachusetts area community for over 15 years. Over that time we have saved our customers hundreds of thousands of dollars. Give us a chance to do the same for you. You can count on us now, and in the future. Saving money is great, but not at the cost of service. We offer the best of both.
You’ve got a friend in the business, , so please give us a call and let us prove it to you. Call 800-335-0633. You’ll speak to me personally!