Average Car Insurance Cost By State

That s more than 105 every month.

Average car insurance cost by state. In the united states the average cost of full coverage car insurance is 1 555 per year. Auto insurance rates consider a number of details including one s age gender marital status credit and driving history. If l ow liability limits are a big part of louisiana s pricy insurance costs michigan has the opposite problem. That s the short answer.

But the price of your policy will be unique to your situation. What is the average car insurance cost by state. Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062. The long answer is that the average cost depends on a variety of key factors many of which we ve outlined in the sections below.

Why is nj car insurance so expensive. One of the most significant determinants of car insurance prices is your home state. The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. If you re shopping for car insurance knowing the average cost in your state is a good way to determine how much you can expect to spend.

Generally states that are more urban or have large populations tend to have higher average car insurance costs than rural states. The state s average premium is nearly 3 000. The average annual cost of car insurance in the united states is 1 416 according to the data in our study. The average cost of full coverage car insurance in the u s.

4 486 7 9 of income. But other factors come into play too such as car insurance laws. However you might pay more or less than the national average depending on your location. For one it s an urban state with lots of traffic.

This is a stunning 489 more than second place louisiana and a whopping 90 higher than the national average of 1 517. When it comes to expensive car insurance premiums michigan is head and shoulders above the competition with an average annual premium of 2 878. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance. The most expensive states for car insurance coverage.

Topping our list is new jersey which has the highest average car insurance rates. Car insurance isn t cheap but most states do require drivers to carry a minimum amount of coverage. Is 1 555 which breaks down to 130 per month. The state requires drivers to carry.