Where To Find The Cheapest Auto and Home Insurance Rates

You probably know that factors like your credit score and driving history can increase your auto insurance rates, but did you know that your location can, too? The same goes for home insurance – location is everything! If you’re considering moving or purchasing a home for the first time, you may want to consider how your insurance rates will change depending on where you go.


Home Insurance

A home’s location can completely alter its insurance rates. Higher building/construction costs, higher likelihood of a natural disaster, and higher crime rates are all factors that, especially when combined, can raise rates. So where can you find lower costs, less natural disasters, and lower crime rates? Propertycasualty360.com lists the states with the lowest rates as (Feb 2017):

  1. Michigan
  2. Iowa
  3. Ohio
  4. Alabama
  5. Kansas
  6. Indiana
  7. Arkansas
  8. Oklahoma
  9. Mississippi
  10. West Virginia

Car Insurance

Your location can affect your auto insurance rates just as much as your home insurance. Insurers have to look at risk factor based on the level of traffic in your area, the amount of bad weather that causes poor road conditions or vehicular damage, the crime rate, and the road quality. Generally, urban locations will have higher rates due to higher traffic and often higher accident rates.

According to Forbes, States with the lowest rates are:

  1. Maine
  2. Iowa
  3. Wisconsin
  4. Idaho
  5. North Carolina
  6. Vermont
  7. Ohio
  8. South Carolina
  9. New Hampshire
  10. Arizona

For help with car and home insurance in Tennessee, give one of our InsureTN licensed agents a call at 615-964-5250.


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