Arizona Auto Rates Increased 2% in Past 6 Months

The median six-month auto insurance rate in Arizona has increased approximately 2 percent over the past six months to reach $829 according to InsWeb, an online insurance comparison provider.

Among the other statistics the provider found were:

• Men in Arizona have a median auto insurance rate more than 5 percent higher than women.
• Drivers in Arizona 19 years of age or younger pay a median auto insurance rate that is over 100 percent higher than drivers age 50 to 59.

According to InsWeb, an Arizona driver who pays the six-month median rate of $829 and earns the Arizona median annual income of $38,779 pays approximately 4.28 percent of his or her gross income for auto insurance. By this “affordability factor,” Arizona is the ninth most expensive state to insure a vehicle. Currently, Massachusetts is the most affordable with a factor of 1.98 percent, while Louisiana is the most expensive with factor of 7.28 percent.

For more information about rates and rate trends in a specific region, visit: http://www.insurancerates.com.