Is Auto Insurance Rates By State

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Is auto insurance rates by state. In the past year car insurance rates have risen across 41 states including washington dc and fallen in just ten states. Auto insurance rates by state. Auto insurance fraud is also a persistent problem in new york. Colorado has seen the highest year over year rate increase at 19 and montana saw the greatest decrease of 21.

How where you live impacts auto insurance rates one of the primary factors used in car insurance pricing is location. State car insurance rates change dramatically by state and between cities. States set car insurance regulations and minimum insurance requirements which can have a major impact on the rates paid by residents. Average car insurance rates by state may vary based on legal regulations and insurance companies efforts to price accurately based on these differences.

Nevada is the third highest state for auto insurance with an annual average premium of 2 402. The reasons for this is tricky to answer. For instance drivers in no fault states such as michigan and florida often pay more for insurance than do drivers in. That s because car insurance rates are skyrocketing particularly recently according to a recent report from insurance search engine the zebra.

State required insurance minimums can also raise or lower insurance costs. It s another heavily urban state and rates are particularly high in brooklyn and the bronx. As an example michigan uses a unique no fault insurance system that in many ways is responsible for its high premiums. See car insurance rates by zip code plus state laws.