With the nation-wide average auto insurance premium per year at $1,365, it may be that everybody complains about high auto insurance premiums. Nonetheless, if you live in certain states, you may actually be paying more than other drivers living elsewhere.
Insure.com posts the discrepancies on their website. We list them here for your reading convenience.
The Five States that Pay the Most Annual Insurance Premiums
MI ranks top in expensive auto insurance, with an average premium of $2,239
LA comes in second, with an average premium of $2,126
Sunny FL has the third most expensive average premium of $2,050
- Rhode Island
RI is ranked as fourth expensive for auto insurers, with an average premium of $1,852
As 5th most expensive place for auto insurers, residents of CT pay an average auto rate of $1,831
While the above might confirm what vehicle drivers know already just by paying their bills, we cite the other side of the story. See if you live in the state where average premiums are actually lowest in the country.
The Five States that Pay the Least Annual Insurance Premiums
VT drivers head the others in paying the least average $932 annual auto premium
OH ranks second lowest with the average auto premium of $944
IA drivers pay third lowest annual average at $989
VA stands at 4th cheapest annual average premium of $1,013
IA drivers are associated with the 5th lowest average premium of $1,025
While not among the five least expensive, NY, at an annual rate of $1,361, NJ, at an annual average premium of $1,383, PA, at an yearly average of $1,091, and other states not listed certainly lag far enough from being among the most expensive.
To see how much auto insurance will cost for you, contact us at Prime Insurance, where our connections with many leading insurance companies and the discounts they offer, gives us the edge to locate great quotes anywhere.
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Summary: Find out if you live in one of the five states where annual auto insurance rates are the highest.