Spokane Recognized for Car Insurance Affordability
NerdWallet looks at the impact of location on car insurance premiums
San Francisco, CA (February 12, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the places with the cheapest car insurance premiums in the United States – and Spokane is in the top 10. AAG Insurance is pleased to be bringing you the findings.
Using the profile of a 26-year-old male who drives a 2012 Toyota Camry and has no history of accidents, they analyzed premiums in the largest 125 U.S. cities to find the places with the least expensive car insurance. Spokane had some of the cheapest car insurance rates nationwide.
They discovered the following:
- Premiums can increase dramatically depending on the location: Detroit’s average annual premium, $10,723.22, is more than eight times higher than that of Spokane.
- State laws can play a major role in car insurance rates: The most expensive cities for car insurance are all in states with no-fault car insurance laws.
It was determined that Spokane has the ninth least expensive car insurance premiums in the nation. The average annual car insurance premium in Spokane is $1,307.68.
Other metropolitan areas that made the list include Boise (ID), Rochester (NY), and Charlotte (NC).