List Of Highest Auto Insurance By State References
byMakan Receh•
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List Of Highest Auto Insurance By State References. The state with the most expensive auto insurance is michigan, where a minimum coverage policy costs an average of $159 per month ($1,908 annually). New york state has among the highest auto insurance rates in the nation.
Top 10 Auto Insurance Infographics from www.infographicszone.com
Over 15% of dollars spent on private passenger auto premiums in the country go to state farm. State farm is the largest auto insurance company in the u.s. Rate this post it’s important to note that insurance is regulated differently in each state, which means car insurance premiums also vary considerably by location.
That's A Jump Of Almost 17%.
And car insurance premiums are rising even faster in some states. Newark is one of the most expensive cities in the country for auto insurance, and it's among the highest in new jersey. The zebra report highlights the erratic nature of rates in different states.
Geico Is The Largest In 10 States (Including Washington, D.c.).
Two of these states — michigan. The state has an average rate of $2389 per year which is 51 percent more than the national average insurance rate. As hinted at earlier with the stunning auto insurance rates for the city of detroit, michigan has far and away the highest premiums in the country that are an astounding 136% above the average.
State Farm Is The Largest Automotive Insurance Company In 31 States.
51 rows see how states rank for a full coverage policy & list of states with cheapest & highest car. The company currently employs approximately 60,000 employees and has nearly 19,000 agents. Here is a list of the highest auto insurance rates by state.
In 2022, The National Average For Full Coverage Car Insurance Is $1557, But How Much You Pay Will Depend On Where You Live.
Is $1,771 per year, and the average cost of minimum coverage is $545 per year, according to 2022 data from bankrate.com. A significant storm can result in the damage or loss of thousands of vehicles, which helps keep insurance rates elevated in the state. If you live in newark, you could pay 6% more than other new jersey residents and 24.6% more than the average u.s.
Read Our Full State Farm Review.
This contributes to higher auto debt balances, costs consumers more in interest payments for the term of the loan, and it leaves them with less money to spend elsewhere. Over 15% of dollars spent on private passenger auto premiums in the country go to state farm. Low level of complaints made to state insurance departments about geico’s auto insurance.
