Most Expensive Auto Insurance Rates By State
But after age 65 insurance rates start to increase due to the increased read more.
Most expensive auto insurance rates by state. Why is nj car insurance so expensive. Auto insurance isn t a should i or shouldn t i proposition. How much coverage do you need. The state also has the highest number of uninsured drivers at 26 7.
Florida is one of the most expensive states in which to insure a car but if you re willing to do some research and comparison shopping you can save money on your car insurance premium. While specific requirements will vary from one state to another you will. When you buy car insurance you need to know what your state s requirements are. The top three most expensive states stayed the same compared to last year.
No fault insurance fraud is also. The difference between the highest and lowest is 1 966 the most expensive state s car insurance costs nearly 215 more than the cheapest. Louisiana came in second and florida finished in third. Two of these states michigan and florida are no fault car insurance states meaning every driver involved in an incident pays for their own injuries and damages.
The most expensive states for car insurance coverage. One major reason is that the state required minimum car insurance limits you need to have in place to drive legally vary by state. The states with the highest auto insurance rates are michigan louisiana and florida. There are several reasons why auto insurance rates change by state.
What are the most expensive states for car insurance. Florida is the most expensive state for car insurance for two primary reasons. There is a 910 difference between the most expensive state michigan and our number five. For one it s an urban state with lots of traffic.
Did you know the western end of the george washington bridge is the second worst spot for congestion in the whole country. State average premiums range from 2 878 in the most expensive state to 912 in the cheapest state. Continue on to learn which states have the highest and lowest annual average car insurance rates for 2020. Texas moved up to the fourth spot and california is now the fifth most expensive state in the country for car insurance.
Insurance companies won t let you purchase less than your state s minimum liability. First hurricanes and flooding are common which can make comprehensive auto insurance claims more likely. New york is a no fault state which automatically increases the price of car insurance. Liability insurance is typically written out showing amounts for each component.
Some are lower than others. That s more than 105 every month. Most states have laws requiring you to purchase at least some auto insurance. The least expensive rates can be found in smaller boroughs and locations such as lebanon york and perhaps surprisingly because of the bustling pennsylvania state university university park campus state college.
It s also a pretty wealthy state which means more people are driving luxury cars that. November 2 2018 october 10 2019 mile wallace. Auto insurance rates by state.
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