insuranceQuotes Releases New State-By-State Report – The More You Drive, The More You Pay

New Report Finds Insurance Rates Increase With Each Mile Driven

AUSTIN, Texas–(BUSINESS WIRE)–When you apply for an auto insurance policy, a key question is how many
miles you drive each year. What may surprise you is how much your answer
affects your premium.


According to new data from insuranceQuotes, a policyholder who drives
15,000 miles a year pays a national average of 8.61% more for car
insurance than an insured who drives 5,000 miles.

“Most consumers aren’t aware of the relationship between mileage and
auto premiums,” said Laura Adams, senior insurance analyst for
insuranceQuotes. “If your daily commute decreases, be sure to notify
your insurer quickly so you don’t overpay for coverage.”

Rate increases related to mileage vary dramatically depending on where
you live. States with the highest rate increases for driving 15,000
miles compared to 5,000 per year are as follows:

1. California — 26.15%
2. Alaska — 10.45%
3.
Washington, D.C. – 10.2%

4. Alabama — 9.82%
5.
Massachusetts — 9.79%

Adams says, “Drivers in the most expensive mileage states have the most
to gain from reducing mileage. But if you can’t, be proactive and seek
potential discounts at least once a year.”

North Carolina is the only state where drivers don’t see any rate
changes when annual mileage increases. Several states—such as Utah,
Rhode Island, Texas and Connecticut—show negligible changes.

The full report—which includes rankings of all 50 states and the study
methodology—is available here.

About insuranceQuotes:

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Contacts

Media:
For insuranceQuotes
Thomas Giordonello,
212-255-0945
thomas@rosengrouppr.com

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