Need to find the cheapest states for car insurance? While there are many factors that affect a driver’s auto insurance rates, including age, experience, driving record, personal statistics and state requirements, coverage and premiums do vary from one state to another. Nevertheless, if you’re considering a career change or want to move your family, keeping in mind states with the highest and lowest car insurance rates can indicate how cheap or expensive the cost of living in that state may be.
Below, we’ll provide a list of the cheapest and most expensive states for car insurance. Although these prices are only the average cost, a basic comparison by state can help you gauge whether your current premiums are higher or lower and if you need to start comparing quotes online to switch companies.
States with Lowest Car Insurance Rates
Here’s a list of the top 10 states with the lowest car insurance rates in 2019.
- Maine – $865
- Ohio – $920
- Idaho – $945
- Vermont – $950
- North Carolina – $1,010
- Iowa – $1,020
- Indiana – $1,020
- Virginia – $1,040
- South Dakota $1,060
- Utah – $1,070
States with Highest Car Insurance Rates
Here’s a list of the top 10 states with the highest car insurance rates in 2019.
- Michigan – $2,395
- Louisiana – $1,920
- Connecticut – $1,900
- Rhode Island – $1,850
- Florida – $1,840
- Washington D.C. – $1,700
- California – $1,675
- Wyoming – $1,540
- Delaware – $1,525
- Texas – $1,505
These rates are based on full coverage auto insurance for a single, 40 year-old male with a clean driving record and good credit. The policy limits are 100/300/50, which translate to $100,000 for personal injury liability, $300,000 for all injuries, and $50,000 for property damage in the event of an accident. Furthermore, this policy’s premiums are based on a $500 deductible on collision and comprehensive coverage.
Just remember that these numbers are only averages, and your insurance cost may be higher or lower depending on your company, policy type, coverage, and personal information.
Although your personal driving history can impact whether you are paying more or less than the average in your state, the largest contributors to whether a state has cheap or expensive coverage are regulations, crime rates, traffic density, and competition among companies. This means that while there is variability and some drivers may be able to negotiate low premiums with discounts, there is a limit to the lowest price an insurer can offer in your state.
If you’re currently unhappy with your premiums or think you may be overpaying for coverage, then it makes sense to compare car insurance quotes. Rates differ between companies just as much as they do between states, so a regular online quote comparison can help you keep your insurance costs low.