There are a number of factors that determine auto insurance rates, the most important of which are: state regulations, make and model of the car, individual driving records, and personal profile. The city and state you live in has a major impact on your auto insurance rates.
Abilene in Texas is one of the affordable cities for insurance deals. Abilene is the 3rd on the list of the least expensive auto insurance cities, out of 25 cities. With an average insurance rate of $1200, Abilene is much lower than the state’s average of $1500.
Since 2009, Abilene has seen a growth at a Compound Annual Growth Rate (CAGR) of 71% in its average insurance rates on a year-over-year (YOY) basis, from $700 in 2009 to $1200 in 2013. The increase is mainly attributed to a high accident rate and drunken driving cases. In most cases, drunk driving affects premiums more than accidents do. In Abilene, alcohol-related offenses will increase your insurance rates by around $1400.
Of all the models, the Mercedes CL600 is the most expensive car to insure. The annual average insurance rate of the Mercedes CL600 is $2800. On the other hand, the Jeep Patriot Sport is the cheapest car to insure with an annual premium of $ 900.
If we also consider the Manufactured Suggested Median Price (MSRP) along with the insurance rates, the Nissan Versa is the least expensive car available in the small car segment in Abilene. The Versa has an MSRP of $12760, and annual average insurance rate of $1100. In the small car segment, the Nissan Juke is the most expensive, with an MSRP of $23,700 and an insurance rate of $1100.
Of all the SUVs, the Nissan Rogue is the least expensive in Abilene, with an MSRP of $21,460 and annual average insurance rate of $1000. The Nissan Armada, on the other hand, is the most expensive SUV available in Abilene. Its MSRP is $37,910 and annual average insurance rate is $1200.