a toy car drives over a pile of cash.

Auto insurance is a necessary part of owning a vehicle. You want to make sure that you have appropriate coverage based on state laws and your personal concerns. The challenge is balancing the coverage you need with the costs of protecting your vehicle. Comparing different insurance providers and policies may allow you to cut back on costs for the coverage that you need.

Evaluating Your Current Policy & Average Auto Insurance Rates

Before taking steps to find a new insurance policy, you want to evaluate your current coverage to determine what you need and whether the current policy meets your needs. Since your situation may change each year, you must ensure that your auto insurance coverage is still appropriate for your situation.

The average auto insurance rates for your vehicle may vary based on the type of coverage you select for your car. When you have collision coverage or comprehensive policies, you may find that your monthly costs are higher than the cost for basic coverage. Look into the current coverage that you have on your vehicle and make sure that it fits your current situation and your needs. You are then able to compare the average auto insurance rates for the type of coverage you select.

Generally, you want to have liability coverage, no-fault coverage, and collision coverage for your vehicle. You may choose to add comprehensive coverage to address concerns related to the weather, theft, vandalism or similar situations. Your policy may also include coverage to pay for rental vehicles after an accident and towing services. Look into the details of your current policy before you start looking into a new insurance provider.

Comparing Auto Insurance Rates Each Year

The average auto insurance cost may change over time, so you want to make sure you are aware of current rates and different pricing from insurance providers. As a general rule, you want to compare rates on your auto insurance needs each year.

A key reason to compare and evaluate your options each year is the changes that may arise over time. You may have options to lower your rates when you switch to a new company. Changes to state and local laws, as well as changes to your personal situation, may impact your rates. It is particularly important if you have been in an accident, gotten a DUI, or have other factors that may increase your rates when you stay with the same provider.

Comparing your rates each year allows you to keep the costs of your auto coverage lower than the average rate. It also allows you to address changes to your life that may cause changes to your current policy.

Factors That Impact Your Rates

The average auto insurance cost varies based on a variety of factors. By recognizing the factors that may contribute to the costs of your auto insurance coverage, you are able to find the best policy for your needs at a fair rate.

Common factors that may impact your auto insurance rates include:

  • The type of vehicle you drive,
  • Your driving history,
  • Your credit history and credit score,
  • The credit history of other insured drivers on the vehicle,
  • Auto accidents on your driving record,
  • The popularity of the vehicle as a target of theft or vandalism,
  • Your age,
  • Your gender,
  • The number of drivers listed on the vehicle,
  • Discounts that may apply to your insurance.

The specific factors that may impact your rates can vary based on the insurance provider. Some insurance providers may offer discounts for good driving, a student’s grades, military service, or similar factors. In some cases, you may even have a discount due to driving fewer miles than average or working in certain jobs. Comparing insurance providers allows you to find discounts that apply to your specific situation.

What Happens When You Switch Policies?

Switching policies is a process and you should be aware that insurance providers will look at your credit history. You may notice a short-term adjustment to your credit score from inquiries.

The process of switching your policies is simple, you find a new insurance provider, obtain coverage, and cancel your previous coverage. You may have a short-term overlap of coverage, depending on the timing when you cancel the original policy. Expect your original insurance provider to send confirmation that your coverage is discontinued, and make sure that you have proof of insurance from the new provider to avoid complications if an accident occurs.

Comparing car insurance policies and making a change on a regular basis allows you to maintain reasonable rates. The challenge is ensuring that you find the right policy to fit your needs and your budget. By looking into your options each year, your insurance coverage will keep up with changes to your life and situation. The key is regular inquiries, comparing your rates, and making changes to your policy when it makes sense for your life.


We are proud to have been serving the Malvern and Aston, Pennsylvania area for nearly two decades. Contact Badell’s Collision for an estimate for auto body repair, glass repair, auto painting and to fix hail damage.

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