Car Insurance By State Average Rate
Because car insurance rates are based on individual factors your car insurance rates will differ from the rates shown here.
Car insurance by state average rate. The 10 states with the cheapest car insurance costs. Average car insurance rates by state may vary based on legal regulations and insurance companies efforts to price accurately based on these differences. Based on reported rates from several state governing insurance departments and information from organizations such as the national association of insurance commissioners the national car insurance average rate is just above 900 per year of coverage. See car insurance rates by zip code plus state laws.
Number of policyholders affected. Topping our list is new jersey which has the highest average car insurance rates. Continue reading for some important considerations to keep in mind when comparing your car insurance. This is a stunning 489 more than second place louisiana and a whopping 90 higher than the national average of 1517.
The rates shown here are for comparative purposes only and should not be considered average rates available by individual insurers. Call us toll free. When it comes to expensive car insurance premiums michigan is head and shoulders above the competition with an average annual premium of 2878. The average cost of a car insurance policy is 937 per year or 78 per month when averaged across states for our sample driver with a policy that meets the minimum requirements of each state.
Why is nj car insurance so expensive. Thats more than 105 every month. The average cost of a car insurance policy with full coverage is 2390 per year or 200 per month. Car insurance by state also varies with the zip code taking into consideration the prevalence of vehicle theft and other crime rates where the insured lives compared to the rest of the state.
The states average premium is nearly 3000. The most expensive states for car insurance coverage. National average car insurance rates. For one its an urban state with lots of traffic.
As youll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70.