Rates of Car Insurance By States

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car insurance rates based on statesIn accordance with study conducted by Insure.com, Michigan State is listed as having the highest car insurance rate for five years in a row. Averagely in Michigan, the car insurance premium costs $2,239 in 2018 which is 64%, higher than the national average car insurance premium.

Michigan state has the most expensive car insurance as a result of employing a unique no-fault car insurance system. Like other no-fault states, Michigan requires all drivers out on the road to carry PIP, or personal injury protection, coverage. Should an auto accident occur, PIP helps cover any medical expenses of the policyholder, members of the household and passengers.

 

Below is a list of states with the most expensive car insurance, according to Insure.com.

Rank

State

Average premiums

 

National average

            $1,365

1

Michigan

$2,239

2         

Louisiana        

$2,126

3         

Florida

$2,050

4         

Rhode Island  

$1,852

5         

Connecticut    

$1,831

6         

DC     

$1,827

7         

California

$1,731

8         

Georgia          

$1,668

 

Where the table below shows states with the least expensive car insurance, according to Insure.com.

Rank   

 

State

Average premiums

 

National average

$1,365

1         

Vermont         

$932

2

Ohio   

$944

3

Idaho  

$989

4

Virginia          

$1,013

5

Iowa   

$1,025

The top risk factors for car insurance rates as identified by Insure.com.

Age and gender. Statistics shows that females have fewer auto accidents, hence, females get lower premiums than males. Experience also pays off: Older drivers likely have lower premiums than younger drivers.

Location of your car. Beyond your state, the details of where your car is located, including crime rates, if your car is kept in a garage and claim rates for your city impact your premium.

Driving record. Driving record could take a big toll on how much you are required to pay for car insurance as a history of auto accidents and driving violations could lead you to pay higher for car insurance.

Your car type. If you’re driving a minivan, your insurance rates will likely be lower than, say, a sports car. According to 24/7 Wall Street, the most expensive cars to insure include the Tesla Model S four-door electric (average annual insurance premium of $1,789), Mercedes-Benz S class four-door ($1,540), the Mitsubishi Lancer ($1,458), Scion FR-S ($1,403) and the Dodge Charger ($1,385). Some of the cheapest cars to insure include the Subaru Outback (average annual insurance premium of $539), the Acura RDX four-door ($590), Chevrolet Silverado ($620), GMC Canyon crew cab ($633) and the Subaru Forester four-door ($645).

 

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