In the District of Columbia, insurance is on the minds of many policy holders. Whether speaking of health insurance, auto insurance, homeowners insurance, or any other type of policy, folks in our nation’s capital are in the heart of where major decisions are discussed. Unfortunately, proximity to the Capitol has little to do with individual rates; as is the case throughout the country, for residents in the District of Columbia, insurance quotes are some of the most convenient and effective tools for finding the best coverage at the most affordable rate. Here are some things to think about when shopping for District of Columbia insurance, as well as a few tips on comparing quotes and lowering your current insurance premiums.
Average District of Columbia Insurance Rates
The truth is: The higher the population density of an area, the higher the average cost of insurance is likely to be. This is one of the main reasons why when comparing the cost of insurance, District of Columbia policies seem much more costly than those of other states. DC simply doesn’t have the kind of open areas and rural spaces that you’ll find in whole states, which makes comparisons District of Columbia insurance rates seem inflated, especially when compared to costs in low-population density states like Wyoming or Montana. For instance, according to the National Association of Insurance Commissioners (NAIC), the average cost of auto insurance in Wyoming is $631 a year, while District of Columbia auto insurance costs average $1,140 a year.
The good news is: When you compare DC insurance costs to those of other populous cities, District of Columbia insurance is relatively affordable. In fact, the District of Columbia doesn’t even make the NAIC’s list of the five most expensive cities for auto insurance despite the fact that nearby Philadelphia and Newark do!
Lowering District of Columbia Insurance Costs
There are many things that DC residents can do to lower their current rates. Raising your deductible, lowering your limits, paying your rates in full instead of month-to-month, and other policy alterations can each reduce your rates, but because policy alterations can often wind up costing you more out-of-pocket when trouble arises, these routes to lower premiums require careful consideration.
Many District of Columbia insurance companies offer discounts to policy holders who seem less of a risk. These discounts are an extremely safe way to lower your insurance costs because, unlike policy alterations, discounts won’t end up draining your wallet when an incident occurs. Remaining claim-free and taking out multiple policies with the same company will generally bring discounts from any provider. Installing an anti-theft device on your vehicle can get you a discount on your auto insurance; installing fire safety equipment in your home can get you a discount on a homeowners policy. Many other discounts for specific types of policies are available from your insurance provider and are well worth looking into.
Utilizing District of Columbia Insurance Quotes
Another way to lower the cost of your coverage is to switch insurance providers. Different companies offer different rates for the same amount of coverage, depending on how risky they view the policy holder; sometimes the variation in rates between one provider and the next is small, but in other cases, this variation could be hundreds of dollars a year. The only way to find out which companies are offering better rates is to ask multiple companies for estimates, known as quotes; here’s where NetQuote can help.
With NetQuote, finding District of Columbia insurance quotes is as easy as it is beneficial. Simply fill out our brief online form and relax while NetQuote gets you the estimated rates of multiple providers in your area. Once you see what competing insurance companies are offering, it will be easy to spot the potential savings you can get by switching providers. Though not all District of Columbia insurance quotes are likely to be hundreds of dollars lower than your current policy rates, the fact that some might be is plenty of incentive to get your free quotes today!