Top Ten Most Expensive States for Auto Insurance

When it comes to auto insurance, each state has its own laws regarding how much auto insurance you should carry and the penalties for driving without auto insurance. State limits, along with the number of drivers on the roads, accident rates, and number of claims all help to determine how affordable or expensive it will be to operate a vehicle in any given state.

While minimum auto liability limits might be high in some states, their average yearly premiums could be among the lowest in the country. For example, at 50/100/25, Alaska and Maine currently have the highest minimum auto liability limits. But at $634, Maine currently has the 10th lowest average yearly premium in the country and at $955 per year, Alaska ranks as the 11th most expensive.

So what are the 10 most expensive places for auto insurance? Keep reading. The answer might surprise you!

Top Ten Most Expensive States for Auto Insurance

1. District of Columbia (D.C.): $1,164
2. New Jersey: $1,152
3. Louisiana: $1,094
4. New York: $1,083
5. Florida: $1,069
6. Massachusetts: $1,042
7. Rhode Island: $1,038
8. Delaware: $1,024
9. Nevada: $1,006
10. Connecticut: $981

It is important to note that the National Association of Insurance Commissioners (NAIC) reports that, "urban population, traffic density and per capita income have a significant impact on premiums. The latest report shows that high premium states tend also to be highly urban, with higher wage and price levels and greater traffic density. Tort liability and other auto laws, labor costs, liability coverage requirements, theft rates and other factors can also affect auto insurance prices."

For more information about auto insurance liability limits and insurance laws in your state, contact your state insurance department. Click here to visit the National Association of Insurance Commissioners (NAIC) for a directory of state insurance websites.