Top 10 Most Expensive States for Auto Insurance

The cost of insuring your car can really bang up your budget, depending on where you live. CarInsuranceQuotes.com, a Bankrate company, measured the “financial dent” to your budget. Auto insurance premiums are literally all over the map because of different state laws. CarInsuranceQuotes.com says the most expensive state got to No. 1 partly because it alone guarantees unlimited personal injury protection. Here are the top 10 most costly states for auto insurance:

Michigan Median annual cost of auto insurance: $4,490
Median household income: $56,101
Household dent: 8.00 percent

Louisiana Median annual cost of auto insurance: $2,912
Median household income: $52,456
Household dent: 5.55 percent

Kentucky Median annual cost of auto insurance: $2,292
Median household income: $50,392
Household dent: 4.55 percent

West Virginia Median annual cost of auto insurance: $2,074
Median household income: $48,927
Household dent: 4.24 percent

Mississippi Median annual cost of auto insurance: $1,840
Median household income: $45,484
Household dent: 4.05 percent

Arkansas Median annual cost of auto insurance: $1,722
Median household income: $47,049
Household dent: 3.66 percent

Delaware Median annual cost of auto insurance: $2,456
Median household income: $68,746
Household dent: 3.57 percent

New York Median annual cost of auto insurance: $2,334
Median household income: $65,897
Household dent: 3.54 percent

Nevada Median annual cost of auto insurance: $2,070
Median household income: $60,192
Household dent: 3.44 percent

Florida Median annual cost of auto insurance: $1,784
Median household income: $53,093
Household dent: 3.36 percent

Source:
https://finance.yahoo.com/news/10-most-expensive-states-auto-070047510.html

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