Which State Has The Cheapest Auto Insurance?
What Factors Determine Auto Insurance Costs?
Auto insurance rates vary greatly from state to state. The cost of auto insurance is affected by a variety of factors, such as the age of the driver, the type of car, the driver’s driving record, and the driver’s credit history. The amount of coverage and the type of deductible will also affect the cost of auto insurance.
Which States Have The Cheapest Auto Insurance?
When it comes to auto insurance, the states of Ohio and Idaho are two of the cheapest states in the U.S. Ohio has the lowest average auto insurance rate out of all the states, with an average of $1,178 per year. Idaho is the second-cheapest state for auto insurance, with an average rate of $1,223 per year. Other states with relatively low auto insurance rates include Maine, Wisconsin, and New Hampshire.
Which States Have The Most Expensive Auto Insurance?
At the other end of the spectrum, some states have some of the highest auto insurance rates in the nation. The state of Michigan has the highest auto insurance premiums in the U.S., with an average annual rate of $2,738. Louisiana is the second-most expensive state for auto insurance, with an average annual rate of $2,301. Other states with expensive auto insurance rates include Florida, Rhode Island, and New York.
Tips For Getting The Cheapest Auto Insurance
When it comes to getting the cheapest auto insurance rates, there are a few tips that can help. One way to save on auto insurance is to raise your deductible. This will reduce your monthly premium, but it will also increase your out-of-pocket expenses if you have to make a claim. Another way to lower your auto insurance rate is to shop around for the best rate. Comparing auto insurance quotes from different companies can help you find the best deal.
Conclusion
When it comes to auto insurance, the cost can vary greatly from state to state. Ohio and Idaho are two of the cheapest states for auto insurance, while Michigan and Louisiana are two of the most expensive. There are a few tips that can help you get the cheapest auto insurance, such as raising your deductible and shopping around for the best rate.