Methodology
Bankrate utilizes Quadrant Information Services to analyze 2024 rates for ZIP codes
and carriers in all 50 states and Washington, D.C. Rates are weighted based on the
population density in each geographic region. Quoted rates are based on a 40-year-old
male and female driver with a clean driving record, good credit and the following full
coverage limits:
$100,000 bodily injury liability per person
$300,000 bodily injury liability per accident
$50,000 property damage liability per accident
$100,000 uninsured motorist bodily injury per person
$300,000 uninsured motorist bodily injury per accident
$500 collision deductible
$500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets
each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute
five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Credit-based insurance scores: Rates were calculated based on the following
insurance credit tiers assigned to our drivers: “poor, average, good (base) and
excellent.” For ‘credit score decreased,’ rates were assessed when the drivers’ score
went from ‘good’ to ‘poor.’ Insurance credit tiers factor in your official credit scores but
are not dependent on that variable alone. Four states prohibit or restrict the use of
credit-based insurance scores as a rating factor in determining auto insurance rates:
California, Hawaii, Massachusetts, and Michigan. In Michigan, insurers are allowed to
use information that contributes to your credit score but not the score itself.
Incidents: Rates were calculated by evaluating our base profile with the following
incidents applied: clean record (base), at-fault accident, single speeding ticket, single
DUI conviction and lapse in coverage.
Model: To determine cost by vehicle type, we evaluated our base profile with the
following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and
Toyota Camry (base).
Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married
couple’s policy. Age is not a contributing rating factor in Hawaii and Massachusetts due