Does Car Insurance Vary By State

Table of Contents

Is car insurance cheaper in Maryland or Texas?

Texas car insurance rates are an average of $289 per year cheaper than Maryland, in part because Texas is typically less risky for drivers due to lower rate of car accidents and weather-related vehicle damage.

Is Michigan a no-fault state?

Michigan law requires you to have no-fault automobile insurance on your car. If you have an accident, this required insurance pays for injuries to people and for damages your car does to other people's property and to properly parked cars. IT DOES NOT PAY FOR ANY OTHER DAMAGE TO CARS.

Are car insurance rates higher in Florida?

Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana.

Is car insurance less expensive in Texas?

Compared to drivers across the country, Texas drivers pay an estimated $149 more than the national average cost of car insurance. According to Bankrate's annual study of quoted premiums, drivers in Texas pay an average of $1,868 per year, or $156 per month, for full coverage car insurance.

What states have the most affordable car insurance?

The states with the most affordable car insurance rates are Ohio, New Hampshire and North Carolina. Each of these eastern states boasts average auto insurance rates at least 40% lower than the national average of $124 per month.

Is car insurance cheaper in Indiana or Kentucky?

Kentucky is much more expensive due to their insurance laws. Indiana only requires you carry liability insurance. KY has a law that requires you to carry Personal Injury Protection. This covers medical costs regardless of fault in an accident.

Is car insurance cheaper in Indiana?

Indiana boasts lower average rates for car insurance when compared to the rest of the nation. In Indiana, the average cost of full coverage is $1,242 per year, while minimum coverage costs an average of $329 per year. Nationally, full coverage costs $1,771 per year, on average, and minimum coverage costs $545.

Is car insurance high in Indiana?

Indiana drivers pay an average of $1,242 per year for full coverage car insurance, which is lower than the national average of $1,771 per year for the same coverage, based on Bankrate's 2022 study of quoted annual premiums.

Is Michigan a no-fault state 2022?

What does it mean when Michigan is a no-fault state?

Michigan law requires you to have no-fault automobile insurance on your car. If you have an accident, this required insurance pays for injuries to people and for damages your car does to other people's property and to properly parked cars. IT DOES NOT PAY FOR ANY OTHER DAMAGE TO CARS.

Who pays for car damage in an accident in Michigan?

If your car is properly parked and hit by another car, the other driver's no-fault coverage will pay for the damage to your car. Except for this one situation, the only kinds of auto insurance that will pay for repairs to your car are collision and comprehensive coverage.

Does Florida have high car insurance rates?

Why is insurance higher in Florida?

Florida's auto insurance rates are high for several reasons, including the state's no-fault auto insurance laws, risk exposure due to extreme weather conditions, average driver profile, and the number of uninsured drivers.

How much is average car insurance in Florida per month?

The cost of auto insurance in Florida is $2,962 per year for a full-coverage policy, or $247 per month.