Friday, September 08, 2017

How annual mileage impacts auto insurance rates in all 50 states | Clark Howard

How annual mileage impacts auto insurance rates in all 50 states | Clark Howard
"When it comes to the price you pay for auto insurance every month, mileage really does matter!
According to a new InsuranceQuotes.com study, drivers who increase their annual miles from 5,000 to 20,000 see an average rate increase of 9%.

How mileage and location affect car insurance rates

“When determining rates, auto insurers typically use mileage as a major factor. 
But the amount varies considerably depending on where you live. 
Consumers who live in states with the biggest hikes have more opportunity to save by driving less,” said Laura Adams, senior insurance analyst at InsuranceQuotes.com. 
“In California, increasing your mileage from 5,000 to 20,000 causes a premium increase over 25%.”...
This chart illustrates how increased mileage affects annual auto insurance premiums in all 50 states:
Read on!

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