An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…
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Which states cost most for car insurance?
Though vehicles cost essentially the same from one state to the next, the same cannot be said for auto insurance policies. Some states have rates up to three times higher than others, even when insuring the same driver with the same vehicle for the same coverage. The following are the states with the highest price for car insurance. It is based on data from the Insurance Research Council. • Michigan is the state with the highest insurance rates in the country. For a 2011 model, the average yearly rate in…
Read MoreLouisiana drivers pay second highest premiums for car insurance now behind Michigan
According to an Insure.com Quadrant Information Services study, Michigan has now taken the place held by Louisiana last year, when it had the most expensive auto insurance premiums in the country. The average rate paid by Michigan drivers for their auto insurance is $2,541, while Louisiana’s average rate is $2,453 per year. The study data was used to determine the cheapest and most expensive insurance rates among the states. Amy Danise, the senior managing editor at Insure.com stated that this is the study’s second year, and that the website has…
Read MoreWhy are Michigan car insurance rates highest on average?
According to a new national survey conducted by Insure.com, Michigan is home to the highest average car insurance premiums in the U.S., followed closely by Louisiana and Oklahoma. Insure.com compiled data from six of the largest auto insurance providers in the nation and more than 2,400 vehicles from across 10 zip codes in each state. The company conducts this survey annually and lists the results for all to see on their website. The average yearly premium for car insurance in Michigan rose by $443 according to the survey, up from…
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