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How much is car insurance in Albany?
|Area||Average Monthly Car Insurance Premium|
Car insurance coverage in Albany is about $20 cheaper than it is in the rest of Georgia.
On the other hand, Albany residents will likely pay higher rates to insure their vehicle than in the rest of the country. It's around $5 more expensive to insure your vehicle in Albany compared to the average rate for the rest of the U.S.
Although these are the average rates for auto insurance in Albany, it's important to remember that you could end up paying something different. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.
We've broken down the average rates for Albany to help you understand what exactly you might be asked to pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
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Albany Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It's pretty safe to assume that the older you are, the longer you've been driving, right? That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay a lot more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may begin to go back up in Albany.
Albany Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. In Albany, however, male and female drivers both pay about the same rate for insurance coverage.
Albany Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with clean records will obviously pay much less than those with infractions. In Albany, drivers with one accident on their record will experience rates around $110 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $96.
Albany Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$88|
|15 Years or Older||$80|
The most affordable vehicles to insure in Albany are usually trucks and vans, which run about $75 per month.
Car owners will see a monthly premium of about $88, while SUV owners by and large pay around $83 a month.
The age of your vehicle can also affect your monthly bill. Generally, newer vehicles are going to be the most expensive to insure. Once your car is a few years old however, your rates may start to dip back down a bit. The most expensive vehicles to insure in Albany are vehicles two-to -three years old.
Albany Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$88|
Overall, people who are married will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor many companies offer special discounts for.
On a national scale, single drivers typically pay more than married couples do for auto insurance. Albany is no exception, with the difference totaling to around $17 a month.
Albany Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$95|
Another factor taken into consideration is your living situation. If you rent your home or apartment in Albany, expect to pay around $7 a month more than if you are a homeowner. But if you live with your parents, your rates will be significantly higher.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Albany, GA
Recent trends in car insurance for Albany drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.
The rates for car insurance in Albany decreased from 2017-2019, before leveling out in 2020. They finished down in 2022, at $67 per month
How does Albany compare to neighboring areas?
Why are car insurance rates in Albany different from other areas?
There are many factors car insurance companies will consider when deciding how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Availability of off-street parking
- Regional regulations
- Road safety
- Rate of crime
- Total number of drivers
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Each area will have different rates. Guides like these are a wonderful place to get started.
How can I find the cheapest car insurance in Albany?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
But hold on! Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies offering coverage in Albany.
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Albany Auto Insurance FAQs
What factors affect car insurance quotes in Albany?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your address, credit score, driving record, and marital status.
Why is the cost of car insurance in Albany different from other neighboring cities?
Local laws, parking situations, and crime rates -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Albany?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Albany?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Albany or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.
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