Best Cheap Insurance Quotes for Drivers with Good Credit in Washington

Wouldn’t it be nice if we could just tell you the single best company that has the cheapest policy rates for drivers with good credit? It’s not that easy, however, as there are many unknowns such as whether you are female or male, how many years you have been driving, if you are a renter or homeowner, and whether you want full coverage, that all have an effect on the price. Car insurance is kind of a dry topic, but this article will explain the different ways you can keep rates low and educate you enough to have a jump start in finding the best auto insurance in Washington.

One of the more important factors that aid in calculating car insurance rates is where your residence is in Washington. More populated areas like Lakewood, Seattle, and Federal Way tend to have higher auto insurance costs, whereas more rural areas have the benefit of cheaper auto insurance prices.

The next table ranks the most expensive cities in Washington for drivers with good credit to buy an auto insurance policy in.

Rate information is approximated as specific Washington garaging address can lower or raise premiums significantly.

Everyone has different tastes in autos, and the style of vehicle requiring coverage is one of the largest considerations when shopping for the best cheap insurance for drivers with good credit in Washington. Vehicles with lower performance, good safety features, or low incidents of liability claims will cost significantly less to insure than high performance models. The next tables ranks coverage prices for a selection of the more afforable vehicles to insure in Washington.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in specific location which can influence price quotes noticeably.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Table data does not factor in specific garaging location which can alter coverage prices substantially.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate information does not factor in specific location which can decrease or increase premiums significantly.

Determining which insurers offer the lowest-priced car insurance rates for drivers with good credit calls for a bit more work than just picking a company at random. Every insurance provider has a proprietary method to set policy rates, so let’s look at the rankings for the car insurance companies with the most affordable rates in Washington.

It’s important to understand that Washington car insurance rates are determined by lots of factors that may substantially change the cost of having a policy. Improving your credit rating, buying another vehicle, or having an accident can trigger rate changes resulting in some companies being much cheaper than others.

Best Car Insurance Prices for High Credit

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Capital may have some of the lowest car insurance rates in Washington at around $754 per year. Grange, Nationwide, PEMCO, and Travelers also qualify as some of the cheapest Washington insurance companies.

In the rate table above, if you currently have coverage with Travelers and switched to Grange, you may realize savings of in the vicinity of $161. Drivers with Mutual Enumclaw may save as much as $176 a year, and The Hartford insureds might reduce prices by as much as $233 a year.

Be aware that those policy prices are averaged for all drivers and vehicles and are not factoring in a rate decrease for drivers with good credit. So the company that can offer you the best price may not even be shown in the rate chart shown above. That points out the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.

Types of discounts on Washington auto insurance rates

Car insurance companies that provide the best cheap insurance for drivers with good credit in Washington may also give you policy discounts that could potentially reduce rates by 40% or more if you are eligible. A list of car insurance companies and a selection of discounts can be read below.

• GEICO policyholders can earn discounts including federal employee, multi-policy, multi-vehicle, anti-lock brakes, daytime running lights, anti-theft, and membership and employees.
• SAFECO offers premium reductions for anti-lock brakes, multi-car, teen safety rewards, teen safe driver, and drive less.
• State Farm offers discounts including multiple autos, Drive Safe & Save, Steer Clear safe driver discount, accident-free, and good driver.
• MetLife offers discounts for accident-free, good driver, defensive driver, claim-free, good student, and multi-policy.
• 21st Century has discounts for air bags, defensive driver, automatic seat belts, good student, and early bird.
• Progressive includes discounts for multi-policy, good student, online quote discount, multi-vehicle, and online signing.

The diagram below shows the comparison of car insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no claims or driving citations, Washington state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, defensive driving course, vehicle safety, passive restraint, marriage, and multiple policy discounts applied. When discounts are applied, the average amount saved each year on car insurance for drivers with good credit is 28% or $367.

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Full coverage versus liability-only in Washington

Finding the best cheap insurance for drivers with good credit in Washington is probably important to most vehicle owners, and a great way to find cheaper insurance is to only buy liability insurance. The chart below compares insurance costs with liability coverage only compared to full coverage. The costs are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are factored in.

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If we average the cost for all age groups, physical damage coverage on your policy costs $2,073 per year more than insuring for liability only. Many drivers will wonder if it’s a good idea to buy full coverage. There is no definitive rule to stop buying physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s assume your vehicle’s book value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Ideas for finding more affordable auto insurance for drivers with good credit

It’s not impossible to find cheaper rates, and here are some of the better money-saving suggestions that can help Washington drivers quote low-cost coverage.

• Don’t waste money on full coverage for older vehicles
• Avoid accidents and claims
• Try paying for small claims out-of-pocket
• Increase the comprehensive and collision deductibles on your policy
• Do not get traffic violations
• Keep rates low by shopping around frequently

That last idea is very significant, as we pointed out in this article. Prices charged by companies go up and down frequently, so don’t be unwilling to buy a policy from a new company if a lower price can be found. Having brand loyalty is commendable, but it’s not a good idea if that devotedness results in you overpaying a lot of money every month. In just a couple of minutes you could compare rates and find cheaper car insurance for drivers with good credit.