For people with poor credit, one of the big factors that is used to help calculate the price of your policy is the neighborhood you call home in Washington. Areas with high crime rates or more dense population like Lakewood, Tacoma, and Federal Way tend to have higher rates, whereas areas that are not as densely populated generally pay less for car insurance.
The following table ranks the most expensive cities in Washington for drivers with bad credit in which to buy car insurance.
Rank | City | Premium Per Year |
---|---|---|
1 | Lakewood | $1,434 |
2 | Auburn | $1,422 |
3 | Tacoma | $1,399 |
4 | Seattle | $1,391 |
5 | Federal Way | $1,379 |
6 | Shoreline | $1,366 |
7 | Renton | $1,361 |
8 | Kent | $1,350 |
9 | South Hill | $1,300 |
10 | Everett | $1,250 |
11 | Marysville | $1,245 |
12 | Kirkland | $1,243 |
13 | Sammamish | $1,220 |
14 | Bellevue | $1,219 |
15 | Redmond | $1,201 |
16 | Vancouver | $1,146 |
17 | Lacey | $1,111 |
18 | Spokane | $1,104 |
19 | Olympia | $1,072 |
20 | Spokane Valley | $1,065 |
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Annual rates are estimated as the specific area where the vehicle is garaged can decrease or increase insurance rates substantially.
The vehicle that is being insured is probably the largest consideration that determines if you can find cheap auto insurance for drivers with bad credit in Washington. Vehicles with economical engines, an excellent safety record, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The next list shows coverage rates for a selection of the most budget-friendly automobiles to insure.
Vehicle Insured | Estimated Cost for Full Coverage |
---|---|
Chevrolet Traverse LT AWD | $667 |
Toyota Prius | $675 |
Honda Accord EX 4-Dr Sedan | $693 |
Ford Escape XLT 4WD | $709 |
Nissan Altima 2.5 4-Dr Sedan | $716 |
Hyundai Tucson Limited 4WD | $721 |
GMC Sierra SLE Crew Cab 2WD | $716 |
Dodge Grand Caravan Crew | $729 |
Subaru Outback 2.5I Limited | $735 |
Toyota Tacoma Double Cab 4WD | $729 |
Ford Focus SES 4-Dr Sedan | $739 |
Honda Civic LX-S 4-Dr Sedan | $745 |
Honda CR-V EX 2WD | $741 |
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Price estimates do not factor in vehicle garaging location which can lower or raise prices noticeably.
Based upon these rates, makes and models like the Chevrolet Traverse, Toyota Prius, Honda Accord, and Ford Escape will be a few of the cheapest vehicles to insure for people with poor credit. The price for car insurance will tend to be more expensive anyway just because there is more inherent risk for drivers with bad credit, but in general those particular models will tend to have the best rates possible.
Deciding which company quotes the lowest-priced car insurance rates for drivers with bad credit will take a little more sweat than just picking a company at random.
Every insurance company has a different process for setting prices, so let’s take a look at the lowest cost car insurance companies in Washington. We do need to point out that Washington car insurance rates are impacted by many factors which can substantially decrease or increase the cost of your policy. Simply getting older, buying another vehicle, or getting into an accident can cause premium changes that may make certain companies more affordable than the competition.
Cheap Insurance Rates with Bad Credit
Rank | Company | Cost Per Year |
---|---|---|
1 | Capital | $784 |
2 | Grange | $847 |
3 | Nationwide | $961 |
4 | PEMCO | $994 |
5 | Travelers | $1,028 |
6 | Mutual Enumclaw | $1,054 |
7 | The Hartford | $1,058 |
8 | California Casualty | $1,072 |
9 | USAA | $1,092 |
10 | Allied | $1,098 |
11 | Chubb | $1,127 |
12 | State Farm | $1,176 |
13 | American Family | $1,196 |
14 | Safeco | $1,228 |
15 | Amica | $1,256 |
16 | Liberty Mutual | $1,270 |
17 | Farmers | $1,329 |
18 | National General | $1,495 |
19 | Progressive | $1,525 |
20 | MetLife | $1,631 |
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Capital normally has some of the most affordable car insurance rates in Washington at around $784 a year. Grange, Nationwide, PEMCO, and Travelers would also make the list of some of the lowest-priced Washington insurance companies.
In the above example, if you currently buy coverage from PEMCO and switched to Capital, you might realize annual savings of in the vicinity of $210. Policyholders with Travelers may save as much as $244 a year, and Mutual Enumclaw policyholders might cut rates by $270 a year.
These rates are averaged across all ages of drivers and types of vehicles and do not take into consideration a rate increase for drivers with bad credit. So the insurer that has the cheapest rates for you may not even be in the list of companies shown earlier. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
The diagram below illustrates how choosing a deductible can affect premium costs when quoting cheap insurance for drivers with bad credit. The rates are based on a single male driver, full coverage, and no discounts are applied.
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In the chart above, a 40-year-old driver could lower their car insurance rates by $292 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $438 by switching to a $1,000 deductible. Younger drivers, like the age 20 example, could lower their rates $956 every year just by choosing higher deductibles. When choosing a higher deductible, it is essential to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Finding the top insurance company can be rather challenging considering how many companies there are to choose from in Washington. The ranking information below can help you decide which insurers to look at shopping prices with.
The ratings below are for large, nationwide insurance companies, so companies with more of a regional focus are not included in this list. If you wish to compare rates from these top insurers and more, click here.