Finding dependable, reasonably-priced auto insurance is tough enough, and deciding which company quotes the best insurance rates for high mileage drivers will involve a bit more work. Every insurance company has their own formula for filing rates in each state, so let’s take a look at the insurance companies with the overall cheapest rates in Seattle, WA.
It’s a good idea to be aware that Washington insurance rates are influenced by many factors which can substantially decrease or increase the policy price. That is why consumers need to take the time to take the time to shop around when trying to get the most affordable auto insurance rates for high mileage drivers. Rates are made up of many risk factors and can decrease or increase without notice, so the most affordable company six months ago may now be priced much higher than other options.
Cheapest Insurance Rates in Washington
|Rank||Company||Cost Per Year|
|Find Your Rate Go|
Capital may offer some of the best car insurance rates in Seattle at around $777 each year. Grange, Nationwide, PEMCO, and Mutual Enumclaw also rank well as some of the more affordable Seattle, WA auto insurance companies.
In the above example, if you are insured with PEMCO and switched to Grange, you may realize a yearly price reduction of roughly $142. Drivers with Mutual Enumclaw might save as much as $201 a year, and Travelers insureds might cut rates by $216 a year.
To see how much you can save, click here to start your free quote or quote rates from the companies below.
Remember that these rates are averages across all drivers and vehicles in Washington and do not factor in an exact zip code location for high mileage drivers. So the company that has the cheapest price for you may not even be in the list above. That emphasizes why you need to get quotes using your own specific driver and vehicle information.
The vehicle driven is one of the largest considerations when shopping around for the most economical coverage for high mileage drivers. Vehicles with high performance engines, a lack of safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The table below presents car insurance premiums for a number of the most budget-friendly automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,509|
|Chevrolet Silverado LS Regular Cab 4WD||$1,660|
|Ford Explorer XLT 2WD||$1,696|
|Toyota Tacoma 4WD||$1,701|
|Honda Accord LX 4-Dr Sedan||$1,730|
|Chevrolet Impala LT||$1,789|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,822|
|Ford Escape XLS 4WD||$1,855|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,914|
|Hyundai Elantra SE Touring Station Wagon||$2,017|
|Toyota Camry Hybrid||$2,045|
|Ford F-250 XL Crew Cab 2WD||$2,054|
|Toyota RAV4 Sport 4WD||$2,051|
|Chevrolet Malibu LT||$2,090|
|Ford Focus SES 4-Dr Sedan||$2,118|
|Ford Edge SEL 2WD||$2,151|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in vehicle location which can affect premium rates greatly.
Based on these rates, makes and models like the Honda CR-V, Chevrolet Silverado, Toyota Prius, Ford Explorer, and Toyota Tacoma are a few of the most economical vehicles to insure for high mileage drivers.
Get discounts on Seattle car insurance rates
Insurance providers that provide coverage for high mileage drivers may provide special discounts that can reduce rates by 40% or more if you are eligible. A list of insurance companies and the discounts they provide are included below.
- Esurance discounts include safety device, claim free, renters, good student, multi-car, anti-theft, and defensive driver.
- The Hartford offers discounts including bundle, defensive driver, vehicle fuel type, driver training, anti-theft, and good student.
- AAA offers premium reductions for anti-theft, education and occupation, multi-policy, AAA membership discount, pay-in-full, and multi-car.
- GEICO may include discounts for air bags, multi-vehicle, membership and employees, emergency military deployment, defensive driver, and military active duty.
- State Farm has savings for good student, Drive Safe & Save, driver’s education, defensive driving training, and safe vehicle.
The diagram below shows the comparison of insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, no tickets, no at-fault accidents, Washington state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with defensive driving course, accident-free, homeowner, marriage, multiple policy, and passive restraint discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for high mileage drivers is 28% or $554.
Cost comparison with and without full coverage
Reducing the cost of insurance should be important to most drivers, and an easy way to pay less for insurance for high mileage drivers is to not buy comprehensive and collision coverage. The information below compares insurance costs with liability coverage only compared to full coverage. The data assumes no violations or claims, $1,000 deductibles, single marital status, and no discounts are taken into consideration.
As an average, physical damage coverage on your policy costs an additional $1,654 per year over and above liability only. Many drivers may wonder if buying full coverage is worth the money. There isn’t a written rule of when to drop full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement cost is $11,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $10,500 after paying your policy deductible. If it’s costing in excess of $1,050 annually for full coverage, then it might be time to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Here’s why price comparisons are so important
Seattle insurance rates are determined by lots of factors which can significantly increase or decrease the cost of coverage. Improving your credit rating, increasing deductibles, or getting a few speeding tickets may cause policy rate changes that can cause some rates to be cheaper than competitors.
Also, auto insurance companies change prices as needed in order to be able to pay unexpected claims. An unexpected high level of claims can result in additional price hikes, while less frequent claims may produce cheaper Seattle car insurance rates.
The graph below analyzes the cheapest car insurance in Seattle, WA for a 30-year-old male driver with no accidents or violations, and a high credit rating. If we compare prices based on his current rating profile, Capital may have the best car insurance rates in Seattle at $1,094 each year. This is $318 less than the average rate paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers are also on the list of the top five cheapest Seattle, WA auto insurance companies.
The chart below compares rates after we give the driver from above a claim surcharge, a lower credit rating, and a traffic citation. Because each insurer uses their own method to set their prices, comparing insurance quotes may now result in a significantly different list of the cheapest Seattle car insurance companies as shown below.
California Casualty now has the best price in Seattle with The Hartford, USAA, Chubb, and Allied also being competitive. This example shows why it is important to perform an extensive rate comparison when trying to find cheap auto insurance quotes for high mileage drivers. Rates are calculated by many different factors and change frequently, so the best company when you bought your policy may now be an over-priced policy.
If you like to have the advice of a professional agent when buying car insurance for high mileage drivers, the agencies below can probably aid you in deciding which policy is best. To find a Seattle insurance agent nearest to you, click the link at the bottom or click here to compare price quotes.
- Ati Agency Inc
2150 N 107th St # 460 – Seattle, WA 98133 – (206) 522-9200
- Roy Potter Insurance
412 Queen Anne Ave N – Seattle, WA 98109 – (206) 284-0470
- Adams Insurance
8613 35th Ave NE – Seattle, WA 98115 – (206) 523-8660
- Mark Hafemeister – State Farm Insurance Agent
14322 Lake City Way NE – Seattle, WA 98125 – (206) 365-0600
- Dave Newman – State Farm Insurance Agent
3435 California Ave SW – Seattle, WA 98116 – (206) 932-1878
How to find cheaper car insurance for high mileage drivers
The list below summarizes some of the better money-saving solutions that can help you get cheap car insurance.
- Serious violations like DUI or reckless driving can increase rates dramatically
- Home or renters coverage can save on auto insurance
- Drive a car with a high safety rating
- Pay less by remaining claim-free
- Drop full coverage on older vehicles
- Avoid having at-fault accidents
- Compare rate quotes often
That final tip is extraordinarily important, as we noted in this write-up. Prices charged by car insurance companies fluctuate constantly, so don’t be afraid to buy from a different company if you can save money. Staying with the same car insurance company is fine, but it’s not recommended if that faithfulness ends up costing you several hundred dollars every year. Take a couple minutes and shop around and find cheaper insurance for high mileage drivers in Seattle.