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Posts Tagged ‘auto insurance rates’

Wonder How Your State Stacks Up For Auto Insurance Costs?

April 13th, 10

Ever wonder how your state stacks up when it comes to auto insurance rates? A new survey from commission by Insure.com ranks every state by the average premium paid by residents. Turns out if you live in Louisiana you’ll pay the most. If you live in Vermont you’ll pay the least. And if you live in Pennsylvania you’ll pay darn close to the national average of $1,429.26.

Rank State Average Premium
1 Louisiana $2,510.87
2 Michigan $2,098.29
3 Oklahoma $1,869.39
4 Montana $1,857.96
5 California $1,774.41
6 South Dakota $1,772.83
7 Washington, D.C. $1,753.19
8 Georgia $1,751.42
9 Illinois $1,679.15
10 Connecticut $1,678.90
11 Arkansas $1,648.80
12 New Mexico $1,603.65
13 Rhode Island $1,595.97
14 West Virginia $1,589.69
15 Alaska $1,572.21
16 Wyoming $1,552.98
17 Maryland $1,550.13
18 Kansas $1,524.51
19 Kentucky $1,515.30
20 Colorado $1,480.97
21 Mississippi $1,474.94
22 New Jersey $1,473.73
23 New York $1,463.21
24 Texas $1,462.65
25 Florida $1,453.20
National $1,429.26
26 Pennsylvania $1,420.78
27 Delaware $1,405.80
28 Missouri $1,390.59
29 Minnesota $1,381.09
30 Alabama $1,380.38
31 North Dakota $1,365.22
32 Hawaii $1,306.97
33 Indiana $1,302.51
34 Nevada $1,282.50
35 Washington $1,279.84
36 Utah $1,234.30
37 Virginia $1,233.36
38 Nebraska $1,210.74
39 Oregon $1,194.69
40 Idaho $1,183.47
41 South Carolina $1,182.18
42 Tennessee $1,170.12
43 Arizona $1,152.50
44 North Carolina $1,130.45
45 Massachusetts $1,043.80
46 Iowa $1,039.04
47 New Hampshire $1,011.23
48 Wisconsin $1,010.93
49 Ohio $999.86
50 Vermont $968.58
51 Maine $902.85

The survey collected insurance rates from more than 2,400 vehicles based on ten zip codes for each state. Customers from six insurance carriers were included.

 

New York Making No Fault Auto Insurance Changes To Reduce Fraud

December 6th, 09

The number of no-fault insurance fraud cases have risen steadily in New York with 11,000 incidences reported already this year. Compared to last year this is a seven percent increase. The New York State Insurance Department is suggesting changes be made in required auto insurance coverage to hopefully eliminate the number of fraud cases. The changes will impact consumers in terms of the insurance requirements and the cost of auto insurance.

 

Less Driving Doesn’t Equal Lower Insurance Rates

September 20th, 08

The price of fuel is higher than it’s been in years, and motorists are feeling the pinch in their wallets and fleeing the roads in droves. Consequently–just as drivers, insurance companies, and state regulators alike have predicted–there are fewer drivers than ever on today’s roads. However, contrary to expectations, auto insurance rates have not likewise decreased. On the contrary, auto insurance providers, by and large,appear to be increasing their premiums