- If you own a car, purchasing car insurance is inevitable.
- On average, Americans spend $US125 a month, or $US1,503 for an annual rate, on car insurance.
- Various factors can go into the pricing of car insurance including geographical location – making every state’s average cost sightly different.
- Drivers in Michigan spend the most on car insurance, while those in its neighbouring state Ohio pay the least.
If you own and operate a vehicle, car insurance is a necessary purchase. On average, Americans spend $US125 a month, or $US1,503 for an annual rate, on car insurance, according to a study done by ValuePenguin.
Car insurance it not a one-size-fits all purchase. The price of car insurance can vary greatly depending on a number of factors including age, gender, marital status, driving record, years of driving experience, credit history, the type of car you drive, your claims history, and more.
ValuePenguin noted that annual car insurance premiums have been on the rise in a majority of states. In 2014, it was reported that the average annual cost of car insurance was $US907.38.
ValuePenguin found out the latest average car insurance rates in each state for both monthly and annual payments.
Below, we’ve broken down the list and ranked the states from lowest to highest in terms of the average amount spent on car insurance. The ranking is based on each state’s monthly average, and annual rates for each state are also listed.
51. Ohio: $US77 a month
Average monthly rate: $US77
Average annual rate: $US926
50. Maine: $US80 a month
Average monthly rate: $US80
Average annual rate: $US964
49. New Hampshire: $US82 a month
Average monthly rate: $US82
Average annual rate: $US983
46. (TIE) Idaho: $US88 a month
Average monthly rate: $US88
Average annual rate: $US1,053
46. (TIE) Iowa: $US88 a month
Average monthly rate: $US88
Average annual rate: $US1,058
46. (TIE) North Carolina: $US88 a month
Average monthly rate: $US88
Average annual rate: $US1,060
45. Wisconsin: $US91 a month
Average monthly rate: $US91
Average annual rate: $US1,087
44. Virginia: $US93 a month
Average monthly rate: $US93
Average annual rate: $US1,114
43. Vermont: $US96 a month
Average monthly rate: $US96
Average annual rate: $US1,149
42. New York: $US98 a month
Average monthly rate: $US98
Average annual rate: $US1,173
41. Utah: $US99 a month
Average monthly rate: $US99
Average annual rate: $US1,192
40. Indiana: $US100 a month
Average monthly rate: $US100
Average annual rate: $US1,202
39. Missouri: $US101 a month
Average monthly rate: $US101
Average annual rate: $US1,207
38. Arizona: $US102 a month
Average monthly rate: $US102
Average annual rate: $US1,222
36. (TIE) Nebraska: $US110 a month
Average monthly rate: $US110
Average annual rate: $US1,317
36. (TIE) South Carolina: $US110 a month
Average monthly rate: $US110
Average annual rate: $US1,316
35. Oregon: $US111 a month
Average monthly rate: $US111
Average annual rate: $US1,333
33. (TIE) Kansas: $US113 a month
Average monthly rate: $US113
Average annual rate: $US1,358
33. (TIE) Minnesota: $US113 a month
Average monthly rate: $US113
Average annual rate: $US1,360
31. (TIE) Illinois: $US114 a month
Average monthly rate: $US114
Average annual rate: $US1,370
31. (TIE) New Mexico: $US114 a month
Average monthly rate: $US114
Average annual rate: $US1,371
30. Mississippi: $US115 a month
Average monthly rate: $US115
Average annual rate: $US1,385
28. (TIE) Nevada: $US116 a month
Average monthly rate: $US116
Average annual rate: $US1,388
28. (TIE) Tennessee: $US116 a month
Average monthly rate: $US116
Average annual rate: $US1,397
26. (TIE) Arkansas: $US117 a month
Average monthly rate: $US117
Average annual rate: $US1,399
26. (TIE) Hawaii: $US117 a month
Average monthly rate: $US117
Average annual rate: $US1,400
25. Pennsylvania: $US120 a month
Average monthly rate: $US120
Average annual rate: $US1,440
23. (TIE) Kentucky: $US125 a month
Average monthly rate: $US125
Average annual rate: $US1,503
23. (TIE) Washington: $US125 a month
Average monthly rate: $US125
Average annual rate: $US1,499
22. Alabama: $US127 a month
Average monthly rate: $US127
Average annual rate: $US1,529
21. Wyoming: $US128 a month
Average monthly rate: $US128
Average annual rate: $US1,541
19. (TIE) Colorado: $US130 a month
Average monthly rate: $US130
Average annual rate: $US1,558
19. (TIE) South Dakota: $US130 a month
Average monthly rate: $US130
Average annual rate: $US1,557
18. Oklahoma: $US131 a month
Average monthly rate: $US131
Average annual rate: $US1,568
17. Delaware: $US132 a month
Average monthly rate: $US132
Average annual rate: $US1,580
15. (TIE) Alaska: $US134 a month
Average monthly rate: $US134
Average annual rate: $US1,605
15. (TIE) Massachusetts: $US134 a month
Average monthly rate: $US134
Average annual rate: $US1,604
14. Texas: $US135 a month
Average monthly rate: $US135
Average annual rate: $US1,620
13. Connecticut: $US137 a month
Average monthly rate: $US137
Average annual rate: $US1,638
12. North Dakota: $US143 a month
Average monthly rate: $US143
Average annual rate: $US1,710
11. Maryland: $US151 a month
Average monthly rate: $US151
Average annual rate: $US1,810
10. Florida: $US153 a month
Average monthly rate: $US153
Average annual rate: $US1,830
9. New Jersey: $US159 a month
Average monthly rate: $US159
Average annual rate: $US1,905
7. (TIE) California: $US164 a month
Average monthly rate: $US164
Average annual rate: $US1,962
7. (TIE) Louisiana: $US164 a month
Average monthly rate: $US164
Average annual rate: $US1,971
5. (TIE) Montana: $US168 a month
Average monthly rate: $US168
Average annual rate: $US2,013
5. (TIE) Rhode Island: $US168 a month
Average monthly rate: $US168
Average annual rate: $US2,020
4. Washington DC: $US177 a month
Average monthly rate: $US177
Average annual rate: $US2,127
3. Georgia: $US183 a month
Average monthly rate: $US183
Average annual rate: $US2,201
2. West Virginia: $US210 a month
Average monthly rate: $US210
Average annual rate: $US2,518
1. Michigan: $US213 a month
Average monthly rate: $US213
Average annual rate: $US2,551