Compare-autoinsurance.org Presents The Most Expensive States For Auto Insurance in 2018

LOS ANGELES, March 24, 2019 /PRNewswire-PRWeb/ -- Insurance information website Insure.com has published its ranking of states with the highest and lowest annual insurance rates. The price difference between states is more abrupt than previously thought. According to Insure.com, the national average for annual premiums is $1,365.

The most expensive states for car insurance are:

    --  Michigan. For the fifth time in a row, Michigan is the most expensive
        state. The average premium is $2,239 (64 percent higher than the
        national average). However, there is a slight improvement, since the
        last year's average premiums were $155 more expensive. The unique
        no-fault auto insurance system is considered to be the reason for such
        high premiums. Michigan requires drivers to carry PIP. Most other
        no-fault states put a limit on the PIP amount but Michigan guarantees
        unlimited lifetime medical benefits to auto accident victims, which
        dramatically increases an insurers risk. The high medical costs and the
        unlimited nature of the no-fault systems are the ones who cause Michigan
        to occupy the first position in the top of the most expensive states.
    --  Lousiana. The Pelican State averaged an annual premium of $2,126, which
        is 56 percent higher than the national average. Louisiana is frequently
        on top 5 most expensive states. The main problem here is the high number
        of uninsured drivers. It is estimated that around 13% of Louisiana
        drivers do not have insurance. Also, there is a high number of
        underinsured drivers, who carry only the state's minimum.
    --  Florida. Last year, the Sunshine State was the fifth most expensive.
        This year, it occupied third place, with an average premium of $2,050,
        which is 50 percent higher than the national average. Uninsured drivers
        are also a problem here, with 26,7% of drivers beings uninsured.
        Florida's high population density is also a major factor that increases
        the costs. Plus, Florida is a favorite tourist attraction and the
        traffic is really dense. Traffic jams are common.
    --  Rhode Island. Rhode Island is the perfect example of how dense
        population influences rates. It is the smallest state in the country but
        it shelters around 1 million people. It is the second densest state in
        the country right behind New Jersey. So many drivers crammed in a small
        space will lead to more accidents and more claims. The average premium
        is $1,852 or 36 percent above the national average.
    --  Connecticut. The average premium is $1,831 putting it 34 percent more
        expensive than the national average. The main reasons for this expensive
        premium is the high density of cars. Plus, most of the drivers here
        drive really expensive cars.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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SOURCE Compare-Autoinsurance.org