Car Insurance Average By State

Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry. For example some states require drivers to purchase 100 000 worth of liability coverage per accident while others require just 20 000 or 30 000 of liability coverage. Get a car quote.

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As you can see average car insurance rates by state vary widely.

Car insurance average by state. The state s average premium is nearly 3 000. Idahoans pay the least for car insurance while new jerseyans shell out the big bucks for coverage. Available with state comprehensive car insurance only. Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062.

The states with the most affordable car insurance rates are maine north carolina and virginia. Generally states that are more urban or have large populations tend to have higher average car insurance costs than rural states. One of the most significant determinants of car insurance prices is your home state. After collecting quotes from top insurers across the country we found the average auto insurance rate to be 2 390 per year or 200 per month.

For one it s an urban state with lots of traffic. Having so many providers means that the average cost of car insurance is lower than it would be in a more competitive state. We ll provide a hire car and if we re unable to arrange this we ll pay 50 a day for up to 14 days while your car s being repaired or if it has been stolen. Why is nj car insurance so expensive.

More drivers means more accident claims which spikes costs. Despite this drivers in maine virginia and north carolina endured year over year insurance rate increases. Each of these east coast states boasts average annual auto insurance rates that are more than 53 lower than the national average of 1 548. That s more than 105 every month.

When it comes to expensive car insurance premiums michigan is head and shoulders above the competition with an average annual premium of 2 878. This is a stunning 489 more than second place louisiana and a whopping 90 higher than the national average of 1 517. Car insurance in ohio is cheap because the state has a huge insurance industry much larger than many other states. In fact the state ranks 6th for insurance employment in the nation.

Remember these are just averages. What is the average car insurance cost by state. But other factors come into play too such as car insurance laws. The most expensive states for car insurance coverage.

We examined the average cost of car insurance by state to help drivers estimate how much they should be paying for coverage. Topping our list is new jersey which has the highest average car insurance rates.