The average cost of a car insurance policy varies significantly. Many factors affect this, including age, gender, and driving record. If you want to know how much you can expect to pay for your policy, enter your ZIP code to get an idea of your premium. However, there are some ways you can reduce the cost of your coverage, which may also reduce the premiums. To get the lowest premium, try lowering your risk factors by installing anti-theft devices and alarm systems.
In Albany, teenagers pay the most for their car insurance, but drivers in their early 20s can expect to see their premiums drop significantly. There is a $2,118 difference in rates between teenage and 20-year-old drivers. The price of insurance can also vary based on your marital status, with married drivers paying on average $43 less than single individuals. Gender can also impact insurance rates. Women pay nearly $5 more than men.
Credit is also an important factor in car insurance rates. In most states, drivers with a checkered credit history face higher car insurance rates than drivers with a good credit history. A major step toward better rates is moving from the “Very Poor” credit tier to the “Fair” tier. A five-year improvement in credit will cut your insurance costs by $752.