Foster City, CA – Car insurance rates in Ohio are among the nation’s lowest, but a new analysis by CarInsurance.com shows that it’s nonetheless the state where drivers who compare car insurance quotes potentially can save the most money.
A review of rates for every ZIP code in Ohio showed that the average annual premium from six national car insurance companies for a 40-year-old man insuring a 2012 Honda Accord was $969. The cheapest premium returned, on average, was just $424 — a potential savings of 56 percent.
“No two insurance carriers have the same way of calculating rates,” said CarInsurance.com managing editor Des Toups. “In some places the difference between the most expensive and least expensive is thousands of dollars — and the rates in our study are for low-risk drivers. For people with black marks on their records, the differences would be even greater.”
Nationally, the average annual premium from six national carriers in all ZIP codes was $1,277 for a Honda Accord. But the cheapest premiums averaged $870, or 32 percent less.
A car insurance comparison shows that drivers in some states can save much more than that, though.
| State | Average rate | Cheapest rate | Savings | Change |
|
$969 |
$424 |
$545 |
56% |
|
$1,971 |
$1,035 |
$936 |
47% |
|
$931 |
$510 |
$421 |
45% |
|
$1,419 |
$801 |
$618 |
44% |
|
$1,773 |
$1,009 |
$764 |
43% |
|
$1,217 |
$710 |
$507 |
42% |
|
$1,172 |
$693 |
$479 |
41% |
|
$1,414 |
$850 |
$564 |
40% |
|
$1,062 |
$636 |
$427 |
40% |
|
$1,066 |
$649 |
$416 |
39% |
Even within each state, potential savings can vary dramatically from ZIP code to ZIP code. A Valparaiso, Neb., driver could save 51 percent off the average price by shopping around and choosing the cheapest rate. But just 55 miles away in Omaha, the potential savings are 23 percent.
Find the potential savings for nearly every ZIP code in the U.S. with CarInsurance.com’s Nosy Neighbor tool.
Potential car insurance savings by state:
| State | Average rate | Cheapest rate | Savings | Change |
| Alabama |
$1,414 |
$850 |
$564 |
40% |
| Alaska |
$1,253 |
$891 |
$362 |
29% |
| Arizona |
$931 |
$510 |
$421 |
45% |
| Arkansas |
$1,193 |
$944 |
$249 |
21% |
| California |
$1,428 |
$960 |
$469 |
32% |
| Colorado |
$1,121 |
$865 |
$256 |
23% |
| Connecticut |
$1,403 |
$1,059 |
$343 |
24% |
| DC |
$1,574 |
$1,229 |
$345 |
22% |
| Delaware |
$1,885 |
$1,235 |
$650 |
29% |
| Florida |
$1,502 |
$1,094 |
$407 |
26% |
| Georgia |
$1,522 |
$982 |
$540 |
35% |
| Hawaii |
$1,308 |
$936 |
$373 |
28% |
| Idaho |
$895 |
$586 |
$310 |
35% |
| Illinois |
$1,019 |
$728 |
$291 |
28% |
| Indiana |
$1,076 |
$745 |
$331 |
31% |
| Iowa |
$858 |
$624 |
$235 |
27% |
| Kansas |
$1,217 |
$710 |
$507 |
42% |
| Kentucky |
$1,725 |
$1,048 |
$677 |
38% |
| Louisiana |
$2,263 |
$1,453 |
$811 |
36% |
| Maine |
$783 |
$624 |
$159 |
20% |
| Maryland |
$1,266 |
$900 |
$366 |
28% |
| Massachusetts |
$1,071 |
$758 |
$313 |
29% |
| Michigan |
$1,974 |
$1,336 |
$638 |
32% |
| Minnesota |
$1,068 |
$771 |
$297 |
28% |
| Mississippi |
$1,195 |
$1,013 |
$182 |
15% |
| Missouri |
$1,247 |
$819 |
$428 |
34% |
| Montana |
$1,773 |
$1,009 |
$764 |
43% |
| Nebraska |
$1,066 |
$649 |
$416 |
39% |
| Nevada |
$1,296 |
$987 |
$309 |
25% |
| New Hampshire |
$1,172 |
$693 |
$479 |
41% |
| New Jersey |
$1,362 |
$1,194 |
$169 |
12% |
| New Mexico |
$1,118 |
$800 |
$317 |
28% |
| New York |
$1,489 |
$942 |
$547 |
34% |
| North Carolina |
$953 |
$691 |
$262 |
27% |
| North Dakota |
$1,195 |
$897 |
$298 |
25% |
| Ohio |
$969 |
$424 |
$545 |
56% |
| Oklahoma |
$1,971 |
$1,035 |
$936 |
47% |
| Oregon |
$1,021 |
$663 |
$358 |
35% |
| Pennsylvania |
$1,156 |
$831 |
$325 |
28% |
| Rhode Island |
$1,531 |
$1,038 |
$493 |
31% |
| South Carolina |
$987 |
$759 |
$228 |
23% |
| South Dakota |
$1,062 |
$636 |
$427 |
40% |
| Tennessee |
$1,099 |
$786 |
$312 |
28% |
| Texas |
$1,315 |
$1,074 |
$240 |
18% |
| Utah |
$1,130 |
$798 |
$332 |
29% |
| Vermont |
$928 |
$777 |
$151 |
16% |
| Virginia |
$1,140 |
$779 |
$360 |
31% |
| Washington |
$1,057 |
$667 |
$390 |
37% |
| West Virginia |
$1,723 |
$1,112 |
$612 |
36% |
| Wisconsin |
$951 |
$662 |
$289 |
30% |
| Wyoming |
$1,419 |
$801 |
$618 |
44% |
Read the full article at http://www.carinsurance.com/
Methodology
CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2012 Honda Accord for every ZIP code in the United States. We calculated rates using data for six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).
Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
About CarInsurance.com
CarInsurance.com has been offering drivers expert advice about car insurance and how to shop for it since 2003. Using a combination of industry expertise and information drawn from thousands of online quotes delivered without obligation each month, CarInsurance.com is a source for unbiased answers and data about what consumers should expect from an insurance policy. The site lets consumers compare multiple car insurance quotes online and purchase a policy online in minutes. CarInsurance.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.
