The Cost of Insuring Your Car in Albany, GA, is $1,516

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According to the U.S. Census Bureau, Albany has a population of around 305,506. The average cost of auto insurance here is $1,516. This is lower than the cost of auto insurance in neighboring places such as Sasser, West Dougherty, Putney, Dougherty County, and Leesburg.

Moreover, car owners can save more on auto insurance by comparing multiple auto insurance quotes. The cost of insurance can also vary from one neighborhood to another, depending on factors such as the rate of auto thefts in that area and the make and model of the vehicle. Below is a list of factors that affect the cost of auto insurance in Albany.

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Credit Score:

Possessing a healthy credit score is an added advantage when it comes to purchasing auto insurance. The cost of auto insurance for car owners who have an “exceptional” credit score is as low as $1,301, while car owners with an “average” or a “poor” credit score have to pay $2,061 and $2,473 on an average, respectively. 

Deductibles:

Deductibles are one of the most common factors affecting the cost of auto insurance in Albany, GA. A higher deductible leads to a decrease in the cost of auto insurance and vice-versa. On a low deductible of $500, the cost of auto insurance can increase to $2,755. Whereas, for a higher deductible of $1,000 the cost of auto insurance can decrease to $2,327. 

Age:

Age is another common factor that affects the cost of auto insurance in Albany. Auto insurance is the most expensive for teenagers. This trend is similar in most parts of the country. The cost of auto insurance tends to decrease with an increase in the driving experience. Teenagers are largely considered to be inexperienced. The average cost of auto insurance for a teenager in Albany is $4,919. Auto insurance is cheapest for drivers who are in their 50s and 60s. The average cost of insurance for the former is $1,337, while the latter pays only $1,355. 

It is clear that the cost of auto insurance is dependent on several factors. Insurance companies offer numerous discounts depending on one’s driving record and customer loyalty to the company.