The national average premium for the full-coverage policy featured in the Insure average car insurance premium by state.com study is $1,311 a year, with rates varying widely in states -- from $805 in Maine to $2,476 in Michigan. Why is there such a difference (255%) between the most and least expensive? According to Insure asda car insurance get a quote.com, the reasons are several.
average auto insurance premium by state
The study compiled rates from six large insurance carriers in 10 ZIP codes in every state when did car insurance become mandatory in the us. The rates were for the same full-coverage policy for the same driver -- a 40-year-old man with a clean driving record and good credit. Another problem is that compared to states with a number of cities, the district is a small market average auto insurance premium by state.
average car insurance prices by state
How Uninsured and Underinsured Drivers Impact Car Insurance Prices average car insurance prices by state. Fraud has become a fact in New Jersey’s PIP coverage insurance rules for driving other cars. New Jersey allows PIP coverage levels up to $250,000, which is the second highest in the country, behind Michigan. Unfortunately, PIP fraud has shot up which raises the cost of insurance for everyone in the state.