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What state has the highest insurance rates?
The most expensive state for full coverage auto insurance is Michigan, at roughly $4,003, over three times the national average of $1,265. The least expensive state for full coverage auto insurance is Maine, at roughly $589, 53.4% below the national average.
What state cost the most for car insurance?
Michigan. The Wolverine State has by far the highest car insurance premiums in the country: Drivers pay an average of $4,386 a year for minimum coverage — 459% higher than the national average.
Why is insurance higher in different states?
There are many reasons why some states (and areas within states) have higher or lower auto insurance premiums than others. Legal requirements, traffic congestion, economic conditions, weather, and competition are some of the top factors that lead to different rates.
Is auto insurance cheaper in Alabama or Florida?
The average cost of car insurance in Florida is $2,208 per year, making it the fourth-highest compared to other states. Alabama and Georgia, which share a border with Florida, have lower rates — drivers in Georgia pay $1,638 on average, while policies in Alabama cost $1,221 annually.
What state should I insure my car in?
Can you live in one state and have car insurance in another? No, you need to have car insurance in the state where you live. If you move, you need to update your insurance company with your new address as soon as you can. The company may deny your claims if you are living in another state.
Is car insurance high in Florida?
Auto insurance is expensive in Florida. The average car insurance rate in Florida is $1,878 per year — 31.6% more than the U.S. average. But auto insurance prices are dictated by factors other than state lines.
Is car insurance expensive in Georgia?
The average cost of car insurance in Georgia is $1,638 per year, putting the state in the top 10 most expensive for auto insurance. Car insurance is so expensive in Georgia because of high costs for auto repairs and healthcare, dangerous highways, weather events and uninsured drivers.
Which state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What color car gets into the most accidents?
Black vehicles
1. Black vehicles. Researchers in a few different studies have found that black cars have a much higher accident rate than cars of any other color. One study that was reported in Money Super Market found that black cars are 47% more likely to be involved in collisions than vehicles of any other color.