Post Date November 20, 2012 - Looking for a new state to move too? Wondering where in the U.S. you could potentially save the most money on your auto insurance? The best rates on car insurance can be found in the State of Ohio. A recent study indicated among all the U.S states studied, the best rates on car insurance are still in Ohio. The study was calculated based on a 40-year-old male with good credit, a clean driving record, driving a 2012 Honda Accord with full coverage. Among the best rates on car insurance; the highest auto insurance rate for that risk in Ohio could reach up to $970.00; while the lowest rate he could have would be as little as $425.00. This study indicates a driver with those risk characteristics can save near 60% on his monthly premium policy payments.
Ohio has the best rates on car insurance
On the other side of the same coin is the State of Oklahoma. For the same driver, car and coverage his auto insurance annual premium may reach as high as $2,000.00 a year. Our research also shows rates for the same risk can be only as cheap as $1,000. Does not sound like any kind of deal to me. Besides being physically next to Oklahoma, the state of Arizona has the second best auto insurance rates in the country. For the same risk, car and driver, a good rate can be as high as $950.00 annually and $500 as the cheapest rate. Although most carriers whom are looking to offer the best rates on car insurance, they each use same factors in rating one’s auto insurance premium. Even though each auto insurance company use the same exact method in coming up with its premiums, the rate factors need to be such that the carrier can make a profit.
If you are a Ohio resident and you are looking for the best rates on car insurance, call (888) 807-0762.
Michael E. Dortch
President & Managing Agent
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania 19446
(800) 807-0762 ext. 206