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In 2016 the latest data available the average expenditure was highest in new jersey 130929 followed by louisiana 130211 and new york 130164. 5 2020 at 1249 pm. Youre correct that most insurance companies use socioeconomic factors when determining premium rates but id like to just make a comment for the many new jersey and pennsylvania drivers if i maycure auto insurance does not consider things like credit score and occupation. In exchange for your paying a premium the insurance company agrees to pay your losses as outlined in your policy.
The countrywide average auto insurance expenditure rose 53 percent to 93580 in 2016 from 88909 in 2015 according to the national association of insurance commissioners.
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