February 8, 2011

Average Auto Insurance Costs by State

There can be a pretty significant difference in the cost of insurance from state to state.   The Insurance Information Institute has data on average costs of automobile insurance by state.   The latest figures are from 2008.    The averages discussed below are the total figures including liability, collision and comprehensive.    I assume that the figures are not exactly comparing apples to apples and they may differ due to the demographics of the states.   For example if people in a given state drive more expensive cars on average then their insurance will be higher on average.    Of course these are just averages and your rates will vary.   A 17 year old with 2 speeding tickets driving a 2011 Corvette will pay significantly more than $503 a year for their insurance than a 45 year old married person driving a 1990 Ford Escort.  But the figures give us a basic idea of how insurance costs can vary from state to state.    So here they are :

Here is the average cost per state with the states listed alphabetically:


State Average expenditure
Alabama $667
Alaska $904
Arizona $858
Arkansas $653
California $776
Colorado $729
Connecticut $950
Delaware $1,007
D.C. $1,126
Florida $1,055
Georgia $765
Hawaii $816
Idaho $562
Illinois $720
Indiana $612
Iowa $519
Kansas $576
Kentucky $699
Louisiana $1,105
Maine $600
Maryland $922
Massachusetts $903
Michigan $907
Minnesota $698
Mississippi $654
Missouri $657
Montana $667
Nebraska $547
Nevada $970
New Hampshire $727
New Jersey $1,081
New Mexico $728
New York $1,044
North Carolina $595
North Dakota $503
Ohio $617
Oklahoma $663
Oregon $727
Pennsylvania $817
Rhode Island $986
South Carolina $751
South Dakota $520
Tennessee $641
Texas $854
Utah $709
Vermont $653
Virginia $663
Washington $840
West Virginia $808
Wisconsin $581
Wyoming $632
United States $789



Here is the list ranked by cost from most expensive to least:
 
State Average expenditure Rank
D.C. $1,126 1
Louisiana $1,105 2
New Jersey $1,081 3
Florida $1,055 4
New York $1,044 5
Delaware $1,007 6
Rhode Island $986 7
Nevada $970 8
Connecticut $950 9
Maryland $922 10
Michigan $907 11
Alaska $904 12
Massachusetts $903 13
Arizona $858 14
Texas $854 15
Washington $840 16
Pennsylvania $817 17
Hawaii $816 18
West Virginia $808 19
California $776 20
Georgia $765 21
South Carolina $751 22
Colorado $729 23
New Mexico $728 24
New Hampshire $727 25
Oregon $727 26
Illinois $720 27
Utah $709 28
Kentucky $699 29
Minnesota $698 30
Alabama $667 31
Montana $667 32
Oklahoma $663 33
Virginia $663 34
Missouri $657 35
Mississippi $654 36
Arkansas $653 37
Vermont $653 38
Tennessee $641 39
Wyoming $632 40
Ohio $617 41
Indiana $612 42
Maine $600 43
North Carolina $595 44
Wisconsin $581 45
Kansas $576 46
Idaho $562 47
Nebraska $547 48
South Dakota $520 49
Iowa $519 50
North Dakota $503 51

Another site  with data on average auto insurance rates by state is the Auto Insurance Rate Report from Homeinsurance.com.   Their data is a more recent but they don't have figures for every state.

2 comments:

  1. Why does NJ always at the top of 'worst of' lists? :)

    ReplyDelete
  2. It is heartening to note that OH has among the lowest car insurance rates in the US. What people don’t realize is that average rates of insurance are also governed by the number of insurance claims people make there. If people drive more carefully, rates will not keep rising so often.

    Source: ohio auto insurance

    ReplyDelete

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