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MAP MONDAY: The Most Expensive States for Auto Insurance

More than 61 million Americans have reduced the amount of automobile insurance coverage they carry due to the ongoing COVID-19 pandemic while 105 million Americans say they just aren’t getting their money’s worth. Even still, states vary greatly in terms of auto insurance rates and depending on where you live, you could be paying substantially more.

So which states charge drivers the most?

Personal financial website ‘WalletHub‘ recently examined varying characteristics of insurance providers in each state. Here’s what they found:

Wyoming offered the cheapest insurance premiums in the nation, followed by South Dakota, Iowa, Vermont, and North Dakota, respectively. Michigan auto insuance rates were the highest in the nation, followed by New York. Georgia ranked #44 in the nation for cheapest car insurance rates in 2021.

Cheapest States for Car Insurance

RankStateAverage Yearly Premium
1Wyoming$274
2South Dakota$326
3Iowa$326
4Vermont$341
5North Dakota$370
6Idaho$394
7Ohio$414
8Wisconsin$418
9Nebraska$427
10New Hampshire$438
11Montana$446
12Maine$456
13North Carolina$477
14Indiana$481
15Tennessee$498
16Hawaii$501
17Pennsylvania$501
18Alaska$543
19New Mexico$555
20Kansas$558
21Massachusetts$565
22West Virginia$568
23Mississippi$578
24Missouri$587
25Arkansas$631
26Oklahoma$643
27Arizona$661
28Illinois$662
29Alabama$697
30Washington$714
31Colorado$725
32Utah$750
33Minnesota$758
34Texas$780
35Oregon$789
36Florida$814
37South Carolina$817
38California$844
39Rhode Island$887
40Kentucky$931
40Virginia$931
42Connecticut$1,027
43Maryland$1,069
44Georgia$1,095
45Nevada$1,108
46Delaware$1,133
47Louisiana$1,263
48New Jersey$1,287
49New York$1,828
50Michigan$1,908

Other findings from the report include:

  • 126% – that’s how much more full coverage costs than the minimum standard of insurance in the state of Georgia
  • 373% – that’s the difference between a 16-year-old’s premium as compared to the the insurance premium of a 55-year-old in Georgia
  • 8% – that’s how much less married drivers pay compared to single drivers in Georgia
  • 95% – that’s how much more a driver with a DUI conviction pays compared to a person with a clean DUI-free record in Georgia

You can read the full report here.

“One common car insurance mistake that drivers should avoid is failing to even consider switching insurers. More than 4 in 10 people think that switching car insurance companies will be hard, according to WalletHub’s new survey, but it can actually be pretty straightforward and produce significant savings. The difference between the cheapest and most expensive car insurance companies in Georgia is about $6,153 per year,” said Jill Gonzalez, WalletHub analyst.

Cheap Car Insurance in Georgia

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