Average car insurance by state – The state that enjoyed the largest decrease in average insurance rates over the past year was michigan at 18. 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.
Car insurance in ohio is cheap because the state has a huge insurance industry much larger.
Average car insurance by state – The most expensive states for car insurance coverage. Breaking it down the. Topping our list is new jersey which has the highest average car insurance rates. Average car insurance by state
Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry. Why is nj car insurance so expensive. Car insurance in michigan costs three times more than it does in our cheapest state maine. Average car insurance by state
Generally states that are more urban or have large populations tend to have higher average. The main culprits for high prices in any state are the presence of a no fault insurance system a high population density and frequent car accidents. That s more than 105 every month. Average car insurance by state
The states with the most affordable car insurance rates are ohio new hampshire and north carolina. For one it s an urban state with lots of traffic. Each of these eastern states boasts average auto insurance rates at least 40 lower than the national average of 121 per month. Average car insurance by state
Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062. One of the most significant determinants of car insurance prices is your home state. Average car insurance by state