Many insurers offer various discounts for students,
good drivers with clean records, lower rates for families, or for people with advanced education degrees.
For comparison, Nationwide had an average annual rate of $ 2,490 — $ 1,286 more a year, or roughly $ 107 more per month than the best rate
for drivers with clean records.
Drivers with clean records living in lower - income areas of major cities have been charged annual premiums of $ 2,000 or more for the minimum amount of coverage required by their respective state, says Robert Hunter, the consumer federation's director of insurance.
Here's a look at the most expensive cities in Ontario for auto insurance, and what premiums consumers are typically paying on an annual basis, according to Kanetix (all figures are based on a single, 35 - year -
old driver with a clean record):
That's nothing compared to states like Michigan, where bad credit adds an average of $ 3,354 to the premium for an adult
single driver with a clean record, or Florida, where the bad - credit bump is $ 2,417.
The chart below shows actual quotes from six insurers for a female
California driver with a clean record and liability coverage limits of $ 100,000 per person, $ 300,000 per accident and $ 50,000 for property damage, plus uninsured motorist coverage in the same amounts.
A 2012 study by the Consumer Federation of America (CFA) that looked into the four largest auto insurers nationwide: State Farm, Allstate, Progressive, and GEICO, revealed that over half of the quotes for minimum insurance coverage to
drivers with a clean record living in moderate - income neighborhoods were still over $ 1,000 and over a third exceeded $ 1,500.
When you factor in the discounts that drivers have to pass up to be insured through The General, it becomes clear that
drivers with clean records would likely receive better rates from other insurance companies.
Additionally, many Arizona auto insurance providers offer discounts to
drivers with clean records.
Statistics show that drivers with tickets and accidents are more likely to have accidents than
drivers with clean records.
National insurance companies typically offer a wider variety of policies, so they can take on riskier drivers — though your rates will be higher than
drivers with a clean record.
To trim rates,
drivers with clean records should look into discounts that reward safety behind the wheel, such as for avoiding moving violations or accidents for an extended period.
Not good do for
a driver with a clean record.
Insurance companies make all their decisions using statistics and probability, and drivers with traffic tickets are more likely to file a claim than
drivers with a clean record.
In two thirds of the quotes studied by the CFA report rates were higher for
drivers with clean records than for wealthier and more educated drivers who had been responsible for an accident.
Another example is a driver with traffic tickets will likely pay a higher rate for auto insurance than
a driver with a clean record.
Nonstandard or «assigned risk» drivers can expect to pay up to three times more for car insurance than
drivers with a clean record.
If you've had an accident, you may pay a higher premium than
a driver with a clean record, and your insurance company can cancel your policy if your driver's license is suspended or revoked.
NerdWallet looked at quotes in the rest of the country for
drivers with clean records and either «good» or «poor» credit, as reported to the insurer.
When you factor in the discounts that drivers have to pass up to be insured through The General, it becomes clear that
drivers with clean records would likely receive better rates from other insurance companies.
Well, look at it this way —
a driver with a clean record is proof that he or she drives safely and keeps within the boundaries of law — such a driver is less likely to be involved in accidents (both minor and major).
It offers discounts for retirees, students,
drivers with clean records and clients with multiple policies.
A driver with a clean record has no points on driving record.
Drivers with clean records and excellent credit history usually qualify for cheaper insurance rates.