FOSTER CITY, Calif.,
Feb. 26, 2020 /PRNewswire/ --
CarInsurance.com, a one-stop destination for unbiased, expert
advice on car insurance, today released an updated version of its
average car insurance rate tool, which provides quotes for three
coverage levels and multiple ages based on ZIP codes.
Drivers can enter a ZIP code in CarInsurance.com's average car
insurance rates tool to see the average premium for their location,
as well as the highest and lowest rates. The difference between the
highest and lowest rates is the amount you can potentially save on
a policy by comparison shopping for the lowest price.
"We encourage drivers to scrupulously comparison shop, so they
aren't leaving possibly hundreds of dollars on the table," said
CarInsurance.com Editorial Director Michelle Megna. "Let's look at Portland, Oregon, ZIP code 97232 as an
example, because it has the same average rate as that of the
nation. When using the ZIP code calculator we discovered a
difference among insurance providers of $1,723 between highest and lowest estimates.
That's a big number for many families, and can make a huge and
positive impact on everyday budgets."
The data shows that the average rate for full coverage has gone
up 22% since 2017, which is the last time CarInsurance.com updated
the rates by ZIP code tool. The current national average for full
coverage is $1,758. However, the
state-required minimum coverage is up just 4% since 2017, and
standard liability limits have gone up 16%.
By comparison shopping, the average savings for a full coverage
policy is up to $1,647, based on
CarInsurance.com's analysis of rates for nearly every ZIP code in
the country
Why focus on ZIP codes
ZIP codes tell insurers the risk level to cover consumers, based
on the number and severity of car insurance claims in a local area.
While factors like the driver's age, driving record and kind of car
are also factored in, the ZIP code surprisingly reigns
supreme.
CarInsurance.com finds that the most expensive ZIP codes are in
Detroit (48226), New York City (11212), and New Orleans (70117). The least expensive are
located in Bridgewater (ME -
04735), Lebanon (NH -
03766) St. Mary's (OH – 45885) and
Blacksburg (VA - 24060)
Use the ZIP Code Calculator and read the full report on
CarInsurance.com. Michelle Megna is
available to comment on how consumers can save money when shopping
for auto insurance.
About CarInsurance.com
CarInsurance.com is owned
and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in
delivering online marketplace solutions to match searchers with
brands in digital media. QuinStreet is committed to providing
consumers and businesses with the information and tools they need
to research, find and select the products and brands that meet
their needs. CarInsurance.com is a member of the company's expert
research and publishing division.
CarInsurance.com is a one-stop online destination for car
insurance information, providing unbiased, expert advice on how to
shop for insurance plans, what consumers should pay and what
coverage they can get from a policy. Since 2003, CarInsurance.com
has been educating consumers through its breadth of expert content,
tools, and in-depth studies to help site visitors make informed
decisions about their car insurance.
Website: https://www.carinsurance.com/
Twitter: @carinsurance
Facebook: https://www.facebook.com/carinsurance
Media Contact
For CarInsurance.com
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com
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SOURCE CarInsurance.com