Having cheap car insurance isn't impossible, but geography factors into the likelihood of it being cheap. Many people consider price the most important factor when choosing car insurance. Others would rather not have cheap car insurance because they feel it won't be sufficient and would rather opt for the best car insurance option. Whatever the case may be, car insurance can be expensive. According to the Bureau of Labor Statistics, the average adult in the U.S. spends roughly $1,000 per year on coverage. Perhaps this is why 64 million say they want the cheapest car insurance rather than the best coverage, according to a new survey from WalletHub. Related: These traffic tickets result in higher auto insurance rates |
Tips for cheap car insurance
Is geography a fair factor when it comes to the price of car insurance? WalletHub's survey found that Americans are split evenly on the issue. Other factors like gender and credit scores are largely considered to be unfair, with 71% stating they think it's unfair for gender to be a factor in car insurance pricing, while two in three people feel similarly about credit scores affecting car insurance costs. If you don't live in an area with cheap car insurance, WalletHub has some tips on how to get cheap car insurance. |
- Get a car that's cheap to cover.
- Be on your best behavior and avoid driving recklessly.
- Take advantage of discounts like getting paperless statements or bundling policies.
- Build good credit.
- Look locally before looking at national companies.
- Choose a higher deductible.
- Select less comprehensive coverage.
- Consider pay-per-mile plans.
WalletHub collected quotes from all major auto insurers for at least six cities in 47 states. With this in mind, explore the slideshow above to find out the 10 best states for cheap car insurance. Related: New bill aims to ban non-driving factors from insurance rate decisions
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