Oxford, AL Car Insurance

How do rates in Oxford measure up compared to neighboring areas, including Alabama as a whole? What can Oxford residents expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:

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How much is car insurance in Oxford?

Based on the chart above, you can see that car insurance rates in Oxford are in line with rates across the rest of Alabama.

When stacked up against the national average, the average monthly policy payment for Oxford is more affordable. On average, it's about $31 less to insure your vehicle in Oxford than it is in the rest of the United States.

Bear in mind that while these rates represent the expected monthly payments for drivers in Oxford, it doesn't mean that's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. The monthly premium you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

Don't sweat it however, we've broken down average rates for Oxford residents so that you can get a more accurate idea of what you might pay. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

It's pretty safe to assume that the older you are, the longer you've been driving. When it comes to car insurance bills, that experience pays off. In this case, 18-24-year-olds pay around $13 more than drivers 65 and older.

For every 10 years, you can expect to see a drop in your monthly premium. That said, once you hit retirement age, your rates may creep back up in Oxford.

Average Car Insurance Rates by Gender

Female drivers pay, on average, slightly less than their male counterparts. This rings true in Oxford, where women pay around $9 less per month than men. As you can see in the chart above, car insurance for women in the area typically costs around $47 each month, while men pay $56 on average.

Average Auto Insurance Rates by Driving Record

Rates can vary wildly depending on your driving record. Those with clean records will obviously pay a lot less than those with infractions. In Oxford, a driving record with a single accident will usually get you a rate around $55 a month. Similarly, drivers with one ticket will typically pay around $99 on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if cheaper car insurance is important to you, keep your record clean and drive safe.

Average Insurance Rates by Vehicle

The cheapest vehicles to insure in Oxford are usually trucks and vans, with each type typically costing about $41 per month.

SUV drivers will see rates of about $61, while the rates for car owners average out to about $48 per month.

Vehicle age has an impact on the cost of your policy as well. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is around 5 years old. In Oxford, the most expensive vehicles to insure are vehicles two-to-three years old and eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Generally speaking, those who have settled down into marriage will pay slightly less for car insurance. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

The cost of auto insurance in Oxford reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $11 a month.

Average Car Insurance Rates by Housing Situation

One other element taken into consideration is your living situation. In Oxford, homeowners can expect to pay around $11 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.

Car Insurance Companies in Oxford, AL

Recent trends in car insurance for Oxford drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.

The cost of car insurance coverage in Oxford rose from 2017-2018, before steadying out in 2019. Rates finished up in 2022, at $63 a month

How does Oxford compare to neighboring areas?

Why are car insurance rates in Oxford different from other areas?

There are a number of factors car insurance companies will consider when choosing how much to charge for a monthly rate. While we've discussed the ones that affect your personal policy, others are based around where you park your car. These include things like:

• Crime rates
• Area regulations
• Amount of off-street parking
• Total number of drivers
• General road safety (how many accidents each locality has)

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Oxford?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Don't worry, Compare.com has you covered. Enter your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies providing coverage in Oxford in no time.

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Oxford Insurance FAQs

What factors affect car insurance quotes in Oxford?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Oxford different from other neighboring cities?

Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like crime rates, parking situations, and local laws when calculating your quote -- all of which can change from city to city.

Which car insurance company will offer me the cheapest rate in Oxford?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Oxford?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Oxford or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?