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How much is car insurance in Oxford?
|Area||Average Monthly Car Insurance Premium|
Based on the above chart, auto insurance policies in Oxford are about $8 a month cheaper than in the rest of Mississippi.
Drivers relocating from out of state may enjoy some cost savings in Oxford. You can expect to pay about $24 below the national average for auto insurance in Oxford.
Although these are the average car insurance rates in Oxford, you could end up paying something different. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.
We've analyzed the average rate for Oxford and broken down the different factors to help you understand what exactly you might be asked to pay. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? When it comes to car insurance premiums, that experience can really pay off. As you can see, 18-24-year-olds pay someone who is retirement aged.
For every 10 years, you can expect to see a drop in your monthly premium. Oxford drivers may see their rates creep back up once they hit retirement.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. The difference in Oxford is about $9 a month. As you can see in the chart above, car insurance for women in the area typically costs around $53 each month, while men pay $62 on average.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary wildly. Drivers with clean records can expect to pay much less than those with accidents or violations. In Oxford, having a single accident on your record will usually get you rates around $46 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $67 on average.
Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$66|
|15 Years or Older||$60|
In Oxford, the cheapest vehicles to insure are usually SUVs, with drivers paying around $47 per month for auto insurance coverage.
Car owners will see rates of about $59, while truck and van owners by and large pay around $62 per month.
In addition to vehicle type, you can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. However, if your car is close to 5 years old, you can expect to see your rates start dropping back down. In Oxford, vehicles less than or equal to one-year-old and eight-to-ten years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$57|
Generally speaking, people who are married will pay slightly less to insure their vehicle. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.
While single drivers normally pay more for auto insurance than married drivers do, both groups pay about the same rate in Oxford.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$46|
Your housing situation is another factor that affects your monthly rate. Renters can expect to pay around $8 a month less than homeowners in Oxford. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Oxford, MS
Recent trends in car insurance for Oxford drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.
Auto insurance rates in Oxford decreased from 2017-2018, before leveling out in 2019. They finished down in 2022, at $49 a month
How does Oxford compare to neighboring areas?
Why are car insurance rates in Oxford different from other areas?
There are a number of factors car insurance companies take into consideration when deciding how much to charge for a monthly rate. The specifics of where you call home will have an impact on your personal policy. This might include things like:
- Number of drivers in the community
- Crime levels
- Number of car accidents
- Regional regulations
- Off-street parking accessibility
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Oxford?
While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering coverage in Oxford.
Oxford Insurance FAQs
What factors affect car insurance quotes in Oxford?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your address, driving record, marital status, credit score, plus your vehicle's year and make and model.
Why is the cost of car insurance in Oxford different from other neighboring cities?
Things like parking situations, local laws, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Oxford?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Oxford?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Oxford or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.