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Report: Insurance Costs Vary Greatly Depending on ZIP Code

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Feb. 2, 2015—The Motor City is America’s most expensive city in which to insure a vehicle, according to a CarInsurance.com study released on Monday. Highlighting the discrepancies vehicle owners see in auto insurance costs depending on video, the study singled out Detroit as the country’s most expensive, followed by Brooklyn, Philadelphia and Providence, R.I.

Green Springs, Ohio, was the country’s least expensive.

CarInsurance.com looked at 33,410 ZIP codes in the U.S. and calculated rates by surveying the nation's six-largest auto insurers—Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm—based on coverage for a single 40-year-old male who commutes 12 miles to work each day, and drives a Honda Accord.

CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2014 Honda Accord for 33,410 ZIP codes in the U.S. We calculated rates using six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).

Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.

CarInsurance.com broke down the most expensive and most affordable places in the country to insure a car. You can also see how your city breaks down with the website’s cost-comparison tool.

The top 10 most expensive locations for car insurance rates are:

 

1. Detroit, Michigan, in ZIP code 48227: $5,109

(130 percent increase over state average of $2,226)

2. Brooklyn, New York, in ZIP code 11226: $3,877

(151 percent increase over state average of $1,542)

3. Philadelphia, Pennsylvania, in ZIP code 19132: $2,760

(128 percent increase over state average of $1,210)

4. Providence, Rhode Island, in ZIP code 02903: $2,749

(38 percent increase over state average of $2,000)

5. New Orleans, Louisiana in ZIP code 70117: $2,542

(53 percent increase over state average of $1,657)

6. Los Angeles, California in ZIP code 90029: $2,416

(69 percent increase over state average of $1,433)

7. Woodbridge, Connecticut, in ZIP code 06525: $2,291

(50 percent increase over state average of $1,527)

8. Baltimore, Maryland, in ZIP code 21216: $2,256

(79 percent increase over state average of $1,258)

9. Miami, Florida, in ZIP code 33142: $2,248

(60 percent increase over state average of $1,402)

10. Royalton, Kentucky, in ZIP: code 41464: $2,104

(42 percent increase over state average of $1,484)

 

The top 10 least expensive locations for car insurance rates are:

 

1.Green Springs, Ohio, in ZIP code 44836: $647

(16 percent lower than the state average of $771)

2. Arden, North Carolina, in ZIP code 28704: $671

(16 percent lower than the state average of $800)

3. Saco, Maine, in ZIP code 04072: $709

(7 percent less than the state average of $763)

4. Christiansburg, Virginia, in ZIP code 24073: $751

(16 percent less than the state average of $899)

5. Boise, Idaho, in ZIP code 83706: $753

(9 percent lower than the state average of $831)

6. Lake Havasu City, Arizona, in ZIP code 86403: $769

(25 percent lower than the state average of $1,021)

7. West Lafayette, Indiana, in ZIP code 47907: $770

(14 percent lower than the state average of $891)

8. Allouez, Wisconsin, in ZIP code 54302: $776

(15 percent lower than the state average of $908)

9. Concord, New Hampshire, in ZIP code 03303: $785

(9 percent lower than the state average of $864)

10. Normal, Illinois, in ZIP code 61761: $827

(17 percent lower than the state average of $1,001)

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