Road accidents happen all the time. And more times than often, there are several expenses that come with accidents: cars and medical injuries.
If you’ve also met with an accident, not only did you damage your car but also someone else’s vehicle or property. And maybe there were some injuries too. Maybe you were at fault, maybe you weren’t.
If you don’t have auto insurance, be prepared to pay a hefty sum in compensation, and you may also be charged for driving it illegally. Many states don’t let you drive a yard without insurance, so if you’re caught without insurance, you could also face legal consequences and your license could be confiscated by the state.
But if you do have insurance, maybe just let the insurance company handle it. How?
Auto insurance is a type of insurance that provides protection to your vehicle. Whether it be a car or a bike, you can easily get it insured.
Auto insurance is typically used to cushion the blow of an accident or mishap that you’re not able to afford financially. Your insurance company will cover the cost.
Naturally when people get their vehicles insured, they pay premiums on a monthly or annual basis to cover the cost. Then when the time comes, the insurance company provides protection by mitigating the expense otherwise caused by an accident.
There are many factors that decide whether you should be given an insurance plan or not, factors such as your age, health, years of driving experience, history of driving records and other relevant information that is needed.
Full coverage means that your insurance company gives full protection to you and the car and bears every expense that comes with it.
The policy that is outlined for you during the start naturally covers the following losses when you pay your premiums regularly. These coverages include:
Auto insurance policy covers the damage done to your car either by you, or a family member or even a distant friend who was driving your car with your consent.
A personal auto insurance guarantees protection to the driver himself, whether he is driving his own car, or someone else’s- with their permission of course. But you can’t use your car for commercial purposes; only to be used for your own personal driving. We’ll talk about commercial insurance later in this article.
Now that we know what auto insurance is and how it works, it is important to discuss all cheap auto insurance plans and know what matters while being light on the pocket.
Looking for a cheap auto insurance may be your new task of the day, you have just gotten done with paying a hefty amount for your car which is why you’re now looking for cheap options.
We get that.
Here are some ways that you can easily get a cheap auto insurance rate.
There is a lot of pressure on you and how good of a driver you are. For instance, if you have a clean driving record with accidents at all, and you haven’t ever been charged for drunk driving- chances are you will pay very minimum premiums on your policy.
People who have had medical conditions or are a little older may pay more.
If you’ve ever done a driving course, chances are you will pay a lower amount of premiums.
Your mileage plays a huge role! For instance if you drive your car for 3000 miles a day, chances are you will get a costly car insurance plan. If you drive less than 1000 miles a day you can pay less. What smart people do is use means of mass transit to avoid driving their personal car so much. This is one great technique of cutting down the cost of your auto insurance.
Increasing deductibles leads to paying very low premiums overall. Deductibles are the amount of coverage that you can pay from your own pocket before the insurance company steps in. These usually range from $250-$1000 depending upon how much you can afford to contribute to the loss. If your deductible amount is high, chances are you will pay a very low rate of premium.
You might also NOT need full coverage, and just for the actual damage caused to your vehicle. Asking for miscellaneous coverage in the shape of car rental or roadside coverage you’re actually just making your premiums go VERY high. Think about it, what parts do you actually need covered? And then just settle on paying for those only.
| 1 | Michigan | $2,878 |
| 2 | Louisiana | $2,389 |
| 3 | Florida | $2,239 |
| 4 | Texas | $2,050 |
| 5 | California | $1,968 |
| 6 | Georgia | $1,936 |
| 7 | DC | $1,928 |
| 8 | Rhode Island | $1,918 |
| 9 | South Carolina | $1,759 |
| 10 | Delaware | $1,757 |
| 11 | Colorado | $1,741 |
| 12 | Montana | $1,693 |
| 13 | Connecticut | $1,688 |
| 14 | Wyoming | $1,684 |
| 15 | Kentucky | $1,621 |
| 16 | Arkansas | $1,620 |
| 17 | Mississippi | $1,580 |
| 18 | Nevada | $1,570 |
| 19 | New Jersey | $1,558 |
| 20 | Arizona | $1,557 |
| 21 | New Mexico | $1,479 |
| 22 | Oklahoma | $1,468 |
| 23 | Maryland | $1,467 |
| 24 | Minnesota | $1,453 |
| 25 | West Virginia | $1,451 |
| 26 | Alabama | $1,449 |
| 27 | Illinois | $1,434 |
| 28 | Kansas | $1,432 |
| 29 | Washington | $1,426 |
| 30 | Missouri | $1,411 |
| 31 | South Dakota | $1,394 |
| 32 | Nebraska | $1,365 |
| 33 | North Carolina | $1,359 |
| 34 | Tennessee | $1,357 |
| 35 | Alaska | $1,337 |
| 36 | Oregon | $1,327 |
| 37 | New York | $1,320 |
| 38 | Utah | $1,300 |
| 39 | Hawaii | $1,295 |
| 40 | Vermont | $1,294 |
| 41 | Massachusetts | $1,275 |
| 42 | Pennsylvania | $1,270 |
| 43 | Virginia | $1,270 |
| 44 | North Dakota | $1,229 |
| 45 | Indiana | $1,213 |
| 46 | Iowa | $1,123 |
| 47 | Idaho | $1,062 |
| 48 | Wisconsin | $1,049 |
| 49 | Ohio | $1,034 |
| 50 | New Hampshire | $985 |
| 51 | Maine | $912 |
Note: Sample rates have been extracted online, courtesy of Bankrate.
The cheapest auto insurance rates are in states like Maine, New Hampshire, Ohio etc. as the table mentions. States like Michigan, Florida, Texas are very expensive.
Most people prefer shopping online, even for insurance policies. And you can get the cheapest rates online if you search for them on the internet.
There are several companies in different states that are selling auto insurance on very cheap rates, and you can visit their websites to know more about their policies. Here is a list related to each state and which companies have the most cheap rates for an average American.
Here are the cheapest full coverage auto insurance rates in Florida:
| Rank | Insurer | Car insurance quote |
| 1 | GEICO | $984 |
| 2 | State Farm | $1,063 |
| 3 | Liberty Mutual | $1,278 |
| 4 | Direct General | $1,915 |
| Rank | Auto Insurance Company | Average Annual Rate |
| 1 | GEICO | $1,288 |
| 2 | Progressive | $1,382 |
| 3 | Texas Farm Bureau | $1,464 |
| 4 | State Farm | $1,620 |
| 5 | Mercury | $1,896 |
| Rank | Company | Average annual premium |
| 1 | Fred Loya Insurance | $545 |
| 2 | State Farm | $617 |
| 3 | Chubb | $753 |
| 4 | GEICO | $940 |
| 5 | Dairyland | $959 |
| Rank | Company | Average annual rate |
| 1 | Georgia Farm Bureau | $512 |
| 2 | GEICO | $784 |
| 3 | Progressive | $942 |
| 4 | Allstate | $1,361 |
| Rank | Company | Average annual cost |
| 1 | Auto-Owners Insurance Co. | $1,485 |
| 2 | Frankenmuth Insurance | $1,556 |
| 3 | Progressive | $1,729 |
| 4 | State Farm | $2,909 |
| Rank | Insurer | Car insurance quote |
| 1 | GEICO | $376 |
| 2 | CSAA | $454 |
| 3 | Progressive | $485 |
| 4 | Mercury | $527 |
| 5 | Auto Club | $570 |
| 6 | State Farm | $705 |
| 7 | Allstate | $713 |
| 8 | Farmers | $763 |
| Rank | Insurer | Annual insurance premium |
| 1 | Nebraska Farm Bureau | $344 |
| 2 | State Farm | $389 |
| 3 | American Family | $509 |
| 4 | Nationwide | $595 |
| 5 | Progressive | $611 |
| 6 | Allstate | $682 |
| Rank | Insurer | Car insurance quote |
| 1 | State Farm | $596 |
| 2 | GEICO | $629 |
| 3 | New Jersey Manufacturers | $918 |
| 4 | Progressive | $1,075 |
| Rank | Insurer | Premium |
| 1 | Westfield | $361 |
| 2 | GEICO | $419 |
| 3 | Erie | $463 |
| 4 | State Farm | $481 |
| 5 | Grange Mutual | $503 |
| 6 | Progressive | $698 |
| 7 | Allstate | $774 |
| 8 | Nationwide | $792 |
| Rank | Insurer | Average annual premium |
| 1 | Auto-Owners Insurance Co | $567 |
| 2 | GEICO | $687 |
| 3 | State Farm | $688 |
| 4 | Southern Farm Bureau | $858 |
| 5 | Progressive | $878 |
| Rank | Company | Annual premium |
| 1 | State Farm | $348 |
| 2 | Progressive | $806 |
| 3 | Nationwide | $991 |
| 4 | GEICO | $1,096 |
| Rank | Company | Average annual rate |
| 1 | Tennessee Farmers | $407 |
| 2 | Erie | $444 |
| 3 | State Farm | $459 |
| 4 | GEICO | $526 |
| 5 | Progressive | $599 |
| 6 | Nationwide | $771 |
Note: All these quotes have been extracted online, courtesy of Value Penguin.
Deciding whether you need full coverage or not should really reflect on your needs; if you’re the only one who drives and you’re a careful driver, chances are low that you will be met with accidents. In such a case don’t burden yourself by paying a high amount of premiums because a full coverage policy may seem attractive to you.
Whatever policy you’re buying, make sure you read exactly what is covered in your policy and what isn’t. Even if you buy a half insurance policy, you will still be covered for liability and medical expenses; so if you don’t need full coverage, don’t opt for it!
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