Budgeting for your automotive expenses can be tough, especially when you’re trying to get the best rates available for your insurance. Naturally, the rate you actually end up paying depends on a lot of things, including your driving record, the vehicle you own, and perhaps most important, where you live.
In order to figure out what cities allow you to stretch your insurance expenses the furthest, CarInsurance.com took the liberty of digging into the numbers. The analysis, which determined not only what 10 cities are the most expensive but also the 10 that are the least expensive, analyzed information from insurance carriers from more than 33,000 ZIP codes.
The final rankings were determined by the average premium amount based on a 40-year-old single male driver with good credit and a clean driving record. The coverage includes “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.”
In the following pages, we list the five most expensive and least expensive cities, ranked according to the average premium price as determined by CarInsurance.com.
5. Highest: New Orleans
The New Orleans ZIP code of 70117 has the highest insurance rates of any in the southern United States. On average, drivers pay a premium of $2,542, likely driven by environmental factors and crime rates. Insurance within that particular ZIP code is 53% higher than Louisiana’s state average of $1,657.
4. Highest: Providence, R.I.
Drivers in Providence, the largest city in the smallest state in the country, pay an average of $2,749 for their auto insurance. That price is particular to residents of the 02903 ZIP code, where premiums check in at 38% more than the state average of $2,000.
3. Highest: Philadelphia
Philly, the city of brotherly love and incredibly high auto insurance prices. In Philadelphia’s 19132 ZIP code, price stack all the way up to $2,760. That’s far and away the highest in the state of Pennsylvania, which has a statewide average of $1,210, making Philly’s premiums 128% more expensive.
2. Highest: Brooklyn, N.Y.
Out of all the boroughs in New York City, the 11226 ZIP code in Brooklyn is home to the highest insurance rates. Residents of that locale pay, on average $3,877 for their auto insurance premium, 151% more than New York’s state average of $1,542.
1. Highest: Detroit
Blowing every other ZIP code in America away — by a huge margin — is Detroit. Motor City’s 48227 ZIP code has an average price of $5,109 for auto insurance, nearly double that of third-place Philadelphia. The state average for Michigan is quite high, as well, at $2,226, making Detroit’s rates 130% higher than normal.
The remaining top 10 cities with the highest insurance rates:
10. Royalton, Ky. – $2,104
9. Miami – $2,248
8. Baltimore –$2,256
7. Woodbridge, Conn. – $2,291
6. Los Angeles – $2,416
Now, let’s check out the other end of the spectrum.
5. Lowest: Boise, Idaho
Of the top 10 cities with the lowest insurance premiums, Boise is the largest. This relatively quiet northwestern city somehow manages to have lower prices than the rest of Idaho, as well. Residents living in the 83706 ZIP code in Boise pay only $753 on average for auto insurance, 9% below the state average of $831.
4. Lowest: Christiansburg, Va.
With a population of just more than 21,000 and located down the road from Blacksburg and Roanoke, Christiansburg cracks the top four in terms of cheap auto insurance. In the 24073 ZIP code, drivers pay an average of $751 for their premiums, 16% below the state average of $899.
3. Lowest: Saco, Maine
The small, coastal town of Saco, Maine — located a short drive down I-95 from Portland — is home to average insurance rates of $709. Maine’s state average is $763, putting Saco’s rates 7% under that mark. It’s also well below the national average of $1,231.
2. Lowest: Arden, N.C.
Though not actually an incorporated municipality, North Carolina’s 28704 ZIP code, which includes the Arden area just south of Asheville, has average auto insurance premiums of $671. North Carolina’s average is $800, putting Arden 16% under the mark.
1. Lowest: Green Springs, Ohio
For the absolute cheapest auto insurance rates in the nation, look no further than Green Springs, Ohio. This small Midwestern town has a population of a little more than 1,300 by the 2010 census numbers, and is located south of I-90, between Toledo and Cleveland. In the 44836 ZIP code, residents pay only $647 for auto insurance. That’s 16% lower than the Ohio average of $771, and around half of the national average. Consider the difference between Green Springs’ rates, and those of Detroit’s, and you’ll come up to a monster difference of around $4,500.