Salem Car Insurance

The Zebra
May 30, 2018

Car Insurance in Salem

On average, premiums in Salem exceed the state average by 7%. Going over some ways to save on Salem car insurance can save you some hard-earned money.

  • City Average: $1,475
  • State Average: $1,377
  • National Average: $1,427

Salem Car Insurance by Gender and Marital Status

In Salem, numerous driver traits, including marital status and gender, can have an effect on car insurance premiums. Premiums are cheaper for men than for women. Men generally pay $58 less than women each year for insurance. You spend 3% more per year if you're single as opposed to married. Rates for those who are widowed or divorced are a hair more expensive than rates for those who are single.

  • Female: $1,533
  • Male: $1,475
  • Single: $1,475
  • Married: $1,427
  • Divorced: $1,479
  • Widowed: $1,480

Salem Car Insurance by Accident or Violation History

Previous accidents and violations can cost you in terms of car insurance rates. No one plans on being in an accident, but things happen, so be aware of how your rates can change following one. For individuals in Salem with at-fault accidents, $855 is the increase that can be expected to annual insurance premiums. In general, a DUI in Salem will cost you 85% more in car insurance premiums versus the city average of $1,475. Reckless driving will push your premiums up as well, with average rates of $2,581, which are 75% higher than the city average!

  • DUI: $2,727
  • Reckless Driving: $2,581
  • At-fault Accident (damages less than $1000): $2,330
  • At-fault Accident (damages greater than $2000): $2,330
  • Speeding Ticket (16-20 mph over speed limit): $1,841

Salem Car Insurance by Credit Rating

For those with Very Poor credit (300-579), as opposed to Exceptional credit (800-850), car insurance premiums nearly triple. Drivers can save an average of $465 per year when they raise their credit tier from Fair (580-669) to Good (670-739).

  • Very Poor: $2,904
  • Fair: $2,376
  • Good: $1,911
  • Very Good: $1,557
  • Exceptional: $1,282

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Salem Car Insurance by Age

Drivers in their 50s save money on insurance, as they have the smallest rates among all age groups, paying only $1,310 annually. Those in their 60s ($1,337) also have relatively low premiums. With car insurance payments of $6,305 on average, teenage drivers have the highest rates of any age group. The most significant reduction in premiums between any age group is from the teenage age range to the 20s, as drivers in Salem start saving an average of 69% annually. Turning 60 triggers an increase in car insurance premiums, but up until that age drivers can anticipate premium reductions when they transition between age groups.

  • Teenagers: $6,305
  • 20s: $1,980
  • 30s: $1,461
  • 40s: $1,388
  • 50s: $1,310
  • 60s: $1,337
  • 70s: $1,663