Average car insurance cost in Morgantown, WV

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Based on an analysis by Insure.com, the typical car insurance expense in Morgantown, West Virginia is $1,935 annually. Furthermore, car insurance premiums in Morgantown are $70 less than compared to the state average in West Virginia and $40 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Morgantown, the average car insurance rates by age and gender, and the costs in Morgantown based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Morgantown. Keep reading to learn more.

Cheap car insurance companies in Morgantown

Nationwide offers the most affordable car insurance in Morgantown for coverage limits of 100/300/100 at $984 per year.

The State Farm comes close second offering car insurance at $1,539 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Morgantown that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Morgantown, West Virginia:

Read about the best car insurance companies.

Average car insurance cost in Morgantown by coverage limits

In Morgantown, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $507 per year (limits are 25/50/25)
• Liability only coverage: $584 per year (limits are 50/100/50)
• Full coverage: $1,935 per year (limits are 100/300/100)
• Non-owners coverage: $360 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Morgantown

In Morgantown, West Virginia, the average annual car insurance premium for female drivers is $1,940 per year.

While the average annual cost for male drivers is $1,930 per year, which is $10 less than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Morgantown

In Morgantown, teenagers have the highest car insurance rates, at $5,896 per year or $491 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,981 annually for car insurance, which is $2,915 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Morgantown have car insurance rates of $1,926 and $1,874 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Morgantown

Examining car insurance rate trends in Morgantown, West Virginia, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 34% or $496.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Morgantown, are lower than the average insurance cost in West Virginia. Shopping around and taking advantage of available discounts, drivers in Morgantown can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.