What are the states with the most expensive car insurance in 2024?
According to the latest projections, car insurance rates will increase by nearly 22% in 2024. These are the states with the most expensive costs.
During the first quarter of 2024, auto insurance rates increased by 15%, putting the average price of full coverage premiums at $2,329 nationwide.
While the increase is considerable, the rise in car insurance prices is far from over. According to projections from insurance comparison shopping website Insurify, a total increase of 22% is projected by 2024, with states such as California, Missouri, and Minnesota seeing increases of more than 50%.
These differences exist because each state has its own insurance rules and laws, as well as various risk factors that influence premiums, so costs vary from state to state.
READ ALSO: The best time of the year to buy a home
The states with the most expensive car insurance in 2024
Taking into account legislative changes and risk factors in each state in the country, these are the 10 states in the country where the average car insurance is most expensive in 2024, according to data from Insurify:
- Maryland: $3,400
- South Carolina: $3,336
- New York: $3,325
- Nevada: $3,271
- Florida: $3,201
- Louisiana: $3,182
- Delaware: $2,982
- Washington, D.C: $2,977
- Michigan: $2,719
- Georgia: $2,688
The data corresponds to the average annual cost of full coverage*
READ ALSO: Oxxo convenience stores to launch in the US
The states with the cheapest car insurance in 2024
On the other end of the pricing scale, these are the states where the average car insurance is cheapest. Similarly, the figures correspond to the annual average of total coverage:
- New Hampshire: $1,000
- Maine: $1,209
- North Carolina:$1,404
- Vermont: $1,410
- North Dakota: $1,439
- Hawaii: $1,453
- Idaho: $1,467
- Ohio: $1,545
- Wyoming: $1,573
- Washington: $1,576