SOURCE: InsWeb Corporation

InsWeb Corporation

March 23, 2011 10:22 ET

InsWeb.com: Median Arizona Auto Insurance Rate Now $861 per Household

SACRAMENTO, CA--(Marketwire - March 23, 2011) - The median six-month Arizona auto insurance rate has decreased approximately 4.5 percent over the last 12 months to reach $861 according to InsWeb (NASDAQ: INSW), a leading online insurance comparison provider.

InsWeb also reported median Arizona auto insurance rates segmented by specific demographic groups. These include:

Demographic Group Median Six-Month Rate
Men $874
Women $840
Age Group: 19 and younger $1,892
Age Group: 20 to 24 $1,233
Age Group: 25 to 29 $942
Age Group: 30 to 39 $859
Age Group: 40 to 49 $820
Age Group: 50 to 59 $757
Age Group: 60 to 74 $741
Age Group: 75 and older $775

Additional rate statistics:

  • A household that pays the Arizona median rate of $861 and earns the Arizona household median annual income of $41,591 pays approximately 4.2 percent of its gross income for car insurance. According to InsWeb's car insurance affordability index, Arizona is the 6th most expensive state in which to insure a vehicle. Currently, Minnesota is the most affordable state with an affordability factor of 2.1 percent, while Louisiana is the most expensive with a factor of 6.7 percent. 
  • Men in Arizona pay a median auto insurance rate that is approximately 4 percent higher than the rate paid by women.
  • Drivers in Arizona 19 years of age and younger pay a median auto insurance rate that is more than double the rates paid by every other age segment except those ages 20 to 24.

Arizona drivers who want to learn more about saving on their auto insurance and compare insurance quotes from leading national providers can visit InsWeb.com.

About InsWeb
InsWeb Corporation (NASDAQ: INSW) owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, MedHealthInsurance.com, LocalInsuranceAgents.com, and AgentInsider.com. InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597; 7,107,325; 7,389,246; 7,640,176 and 7,707,505.

About InsWeb's Median Rate Data
To determine median auto insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.

For more information, please contact InsWeb.

Contact Information

  • Media Contact:
    Jonathon D. Tudor
    InsWeb Corporation
    (916) 853-3386
    Email Contact