Average cost of car insurance by state

Car Insurance - Advantage America Insurance Services

High-cost states

Average monthly price: $232

Total six-month policy average: $1,379

States included: California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Louisiana, Maryland, Massachusetts, Michigan, Pennsylvania, New Jersey, New York, Rhode Island, South Carolina, and Texas.

Why these are the most expensive states

Dense population: More drivers mean more accidents.

Severe weather issues: Earthquakes, floods, and hurricanes are more common, as many of these states are coastal. Plus, many of these non-coastal states are more prone to hail, which leads to more claims.

Higher crime rates: Theft and vandalism are more common in this group of states than medium- and lower-priced states, which results in more claims.

More dangerous intersections: Busy five- and six-way stops are likely to cause more accidents.

More stringent insurance requirements by state laws: Many of these states have highly regulated insurance laws or more complex coverage requirements. That means higher prices.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>