Detroit Feels Michigan Insurance Rates
|   Thursday, September 18, 2014
Thinking of insuring a car in Detroit? If so, then be prepared to shell out much more than the national average for your car insurance.

This is the key finding of a nationwide survey conducted by Quadrant Information Services for Detroiters pay of 165 percent of the national average to insure their vehicles.

Putting some figures around that finding, the survey found that the average Detroiter will fork over $1,315 to the insurance company this year.
This is $518 more than the $797 national average figure.

Meanwhile, the insurance tab for New Yorkers is lower than Detroit's hefty bill. Residents of New York City, runner-up to Detroit, pay $1,099 per year or $302 more than the national average.

If Detroiters and New Yorkers, both large urban areas, pay the highest rates in the country, then it is easy to draw the conclusion that most major cities across the country have the highest insurance rates. If cities have the highest rates, then it is safe to conclude that cities in more rural areas have the lowest rates. The survey confirms this.

The area with the lowest overall car insurance rates is Charlotte, N.C. The average insurance bill for Chandler residents is $434. This figure is 43 percent lower than the national average. It is $342 lower than the national average.

City size is not the sole determinant of car insurance rates. While city size is a primary consideration, other factors affecting insurance rates include:

• Driver's age
• Driver's sex
• Driver's home base
• Driver's vehicle
• Driver's driving record
• The car theft rate
• The percentage of uninsured motorists
• State regulations

If you are wondering which areas have the highest rates, after Detroit and New York, here is a listing of the rest of the top 10:

• Los Angeles, 25 percent over
• Atlanta, 25 percent over
• Sacramento, 16 percent over
• San Francisco/San Jose, 10 percent over
• Philadelphia, 10 percent over
• Houston, 10 percent over
• Tampa/St. Petersburg, 9 percent over

The survey also noted the cities with the lowest insurance costs. After Charlotte, N.C., they include:

• Cleveland, 31 percent under
• Pittsburgh, 24 percent under
• St. Louis, 18 percent under
• Chicago, 16 percent under
• Denver, 12 percent under
• Phoenix, 10 percent under
• Orlando, 10 percent under
• Seattle, 10 percent under
• Washington, DC, 6 percent under
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