Car Insurance Comparison

If you are complaining about the high price of vehicle insurance, then you are not alone.  If you are not from highly urbanized areas, you can stop whining as there are other locales that have very high car insurance rates than yours.  Picture out the bumper to bumper traffic in Manhattan; the congested streets of New Jersey; and the crowded highways in Washington- these conditions make for very high prices of automobile insurance in these areas.

The highest priced auto insurance is found in the highly congested streets in the northeast corridor.  The top average car insurance rates by state are in New Jersey, New York, Washington, D.C., Rhode Island and Massachusetts.  The average car insurance rates by state for the top 3 states mentioned is more that 00 yearly.  This is basically 100% more than the premium rates paid by motorists in Iowa, Maine and Idaho; and one-third higher than the average for the whole country.

New Jersey took the first place as the state with the highest cost of automobile insurance at ,182.54.  New York is not far behind with ,161.27.  At ,156.23, Washington, D.C. placed third.

The following, on the other hand are the states with the lowest average car insurance rates by state. Iowa offers an average of less than 0 for car insurance, while Maine and Idaho following close behind with just a few dollars added.

The average for the entire country is just about 7.43- more or less equal to New Mexico’s and Texas’s rates.

There are a numerous factors why these figures are such.  For one, if the state has a healthy and stable economy, more citizens will be able to afford more expensive cars and new vehicles.  We know that the type of car affects the price of the insurance.  The more expensive the car is, the higher is the cost of its insurance.

As mentioned above, it also matters whether the area is urbanized or not.  It could be noted that the states with low insurance rates are more rural than urban.  Their populations are relatively lesser than those at the top of the list.  The more crowded the road gets, the higher the probability of mishaps, thus, the more expensive the insurance becomes.

You may say that the insurance premium you are paying is not reflective of your state’s average.  Remember that the price of your insurance depends on a lot of factors that are unique to you.  Your insurance cost could be higher or lower depending on your coverage, deductibles, discounts, your age, car type, and others.

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