AP Photo/Carlos Osorio
News flash for all you soon-to-be first-time owners out there: Owning a car is not cheap.
Of all the costs associated with being a car owner, car insurance premiums are one of the most important things to consider before purchasing a vehicle, especially since they can vary so much state-to-state.
Finding an affordable car insurance quote can do wonders for your peace of mind. Fortunately, thanks to a study conducted by Insure, we have an idea of how much car insurance costs in each state.
Without further ado, here’s that handy list, with Washington D.C. thrown in for good measure.
1. Michigan — $2,878
2. Louisiana — $2,389
3. Florida — $2,239
4. Texas — $2,050
5. California — $1,968
6. Georgia — $1,936
7. Washington D.C. — $1,928
8. Rhode Island — $1,918
9. South Carolina — $1,759
10. Delaware — $1,757
11. Colorado — $1,741
12. Montana — $1,693
13. Connecticut — $1,688
14. Wyoming — $1,684
15. Kentucky — $1,621
16. Arkansas — $1,620
17. Mississippi — $1,580
18. Nevada — $1,570
19. New Jersey — $1,558
20. Arizona — $1,557
21. New Mexico — $1,479
22. Oklahoma — $1,468
23. Maryland — $1,467
24. Minnesota — $1,453
25. West Virginia — $1,451
26. Alabama — $1,449
27. Illinois — $1,434
28. Kansas — $1,432
29. Washington — $1,426
30. Missouri — $1,411
31. South Dakota — $1,394
32. Nebraska — $1,365
33. North Carolina — $1,359
34. Tennessee — $1,357
35. Alaska — $1,337
36. Oregon — $1,327
37. New York — $1,320
38. Utah — $1,300
39. Hawaii — $1,295
40. Vermont — $1,294
41. Massachusetts — $1,275
42. Pennsylvania — $1,270
43. Virginia — $1,270
44. North Dakota — $1,229
45. Indiana — $1,213
46. Iowa — $1,123
47. Idaho — $1,062
48. Wisconsin — $1,049
49. Ohio — $1,034
50. New Hampshire — $985
51. Maine — $912
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Now, if you were wondering how Insure exactly got these numbers, they provided some insight into their methodology.
Per Insure:
Insure.com commissioned Quadrant Information Services to calculate auto insurance rates from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state.
Rates are based on full coverage for a single, 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Actual rates will depend on individual driver factors.
AdvertisementWe averaged rates in each state for the cheapest-to-insure 2020 model-year versions of America’s 20 best-selling vehicles as of Jan. 2020 and ranked each state by that average. Rates are for comparative purposes only within the same model year.
This apples-to-apples comparison is different than other research, such as the rate comparison conducted by the National Association of Insurance Commissioners (NAIC). The NAIC’s numbers display the average amount that state residents spend for auto insurance, regardless of the type of car they insure or amount of coverage they purchase.
This post was originally published in November 19, 2018.
