![]() Which states are expected to see the highest insurance rates in 10 years?ġ. The closer you get to larger cities like Boise and Caldwell, though, the higher the average rate, Finn said. ![]() Idaho’s average annual premium: $1,121Īn abundance of rural roads and a sparse population decrease the likelihood of accidents. Low population density makes accidents less likely, and a very low rate of vehicle thefts and a small proportion of uninsured drivers help keep insurance rates low.ģ. Ohioans can pay $625 less than the national average of $1,023.Ģ. Which states pay the least for car insurance?Ī saturated and highly competitive insurance market helps keep rates low, as well as an abundance of safe drivers, Finn said. “The state’s large coastline also increases costs as drivers are more at risk of severe weather causing accidents and damage to vehicles." Delaware’s average annual premium: $2,137ĭelaware’s small but crowded, “meaning more accidents and higher repair costs pushing up premiums,” Finn said. Drivers in t he Pelican State are also highly litigious, with more vehicle-related lawsuits than any other region contributing to higher premiums.”ģ. “Even drivers with insurance often only have minimum coverage, which won’t protect them from anything more than minor accidents. “Like Florida, Louisiana also has a large proportion of uninsured drivers at slightly more than 10%, pushing up premiums,” Finn said. Louisiana’s average annual premium: $2,546 “20% of drivers lack even minimum liability insurance, pushing costs onto insured drivers through higher premiums.”Ģ. The Sunshine State "is so expensive as Florida has the highest proportion of uninsured drivers,” Finn said in its report. Which states have the highest auto insurance rates now?ġ. Here’s the breakdown of which states have the highest rates now and where they’re expected to be in 10 years, according to German-based car subscription service Finn using data from insurance company Insure. Some lower-cost car insurance states are expected to see sharp increases in coming years that will boost rates to among the highest in the nation. ![]() Auto insurance is much more expensive in some states than others, but that doesn’t mean you can snooze if you live in a lower-cost state. That was tied with internet and cable and second only to utilities, which 73% of consumers were most worried about being able to pay, it said.Īll isn’t equal though. Sixty-three percent of Americans said they're most concerned with their ability to pay for their car insurance, according to researcher doxoINSIGHTS, based on data from bill payment platform doxo of more than 8 million paying consumers across 97% of U.S. Watch Video: Why Americans will have to budget even more for car insurance in 2023Ĭar prices surged during the pandemic, but have you noticed car insurance has too?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |