You should expect to pay less for car insurance once you move. Michigan, Florida, Rhode Island, Delaware and Nevada have the most expensive car insurance rates. Drivers in these states have some of the highest auto insurance premiums in the country, although the reasons for these rates vary by state. Although these laws were initially intended to help reduce insurance costs, states with no-fault insurance laws have seen their rates soar over the years.
Many states have conditions that could account for higher auto insurance premiums, making drivers in these areas more risky to insure. An increase of 36.8% means that Montana has seen the steepest increase in insurance costs for fully covered drivers. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as approval of coverage, premiums, commissions and charges) and policy obligations are the sole responsibility of the insurer. In addition to a high percentage of uninsured drivers, Florida's frequent exposure to natural disasters causes insurers to charge more than they charge in states with more stable weather.
They are: buying coverage and rates with at least 3 insurers, increasing the deductible, using usage-based coverage and applying all available discounts. MoneyGeek offers a wide range of resources that can help low-income drivers in Florida and low-income drivers in Michigan find ways to save when buying auto insurance policies. However, even if you live in one of the states with the cheapest car insurance, you should compare the quotes to find the cheapest coverage in your state. Not only does Florida have the dubious distinction of having one of the highest percentages of uninsured motorists in the country, but it is also one of the most expensive states to insure a car.
While Alabama experiences a good deal of volatile weather and crime, its low costs of living help moderate auto insurance costs. New Mexico has the fifth lowest cost of living and a low population density, which could contribute to lower than the average cost of auto insurance in the state. Illinois residents can save on their auto insurance because the state ranks 10th for best public transportation. When it came to low-priced states, the top two stayed the same, with Maine being the cheapest state in the country for auto insurance and New Hampshire ranking second.
This apple-to-apple comparison is different from other research, such as the rate comparison conducted by the National Association of Insurance Commissioners (NAIC). The three most expensive states stayed the same for the third consecutive year, with Michigan and Louisiana shifting places and Florida finishing third. Although insurance rates vary from state to state, there are several ways you can save money on car insurance rates in any state.