Car Insurance Rates
Learn about car insurance prices and finding the right coverage for you.
So for example, less coverage may be less expensive, but you will also have to pay more out of pocket when filing a claim. Having a low coverage limit can also put your personal assets at risk if a claim against you exceeds your coverage. Having more coverage might be more expensive, but it can also save you money when you have a claim or are found to be at fault in an accident involving others. Some other factors that affect your rates:
- State - each state has their own insurance regulations that can affect costs.
- Region - local average costs of repairing or replacing your particular vehicle or parts will affect your rate, as will medical costs, which vary by region also.
- Personal information - the driving records and credit-based insurance scores of the drivers on your policy typically raise or lower the price of your insurance.
- Make sure that all drivers on your policy practice safe driving habits
- Consider safety features and affordability of repairs when purchasing a vehicle
- Maintain a strong credit score
The Bottom Line
Your state has minimum auto insurance requirements, but the minimum coverage may not be enough to protect you from liability in the case of a serious accident. Ultimately, the cost of car insurance for your vehicles will be driven by the amount of coverage you need to protect all of your assets and what you can afford to pay as a deductible in case of a claim.
Liberty Mutual wants to help you understand car insurance costs and how you can best protect yourself and your family. Connect with us online, by phone or with your local agent and we'll help you get the right policy at a fair price.