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Drivers, Beware: The 10 States Where Car Insurance Costs the Most
A recent survey by Insure.com found that U.S. drivers pay an average of $1,438 a year for auto coverage, but rates vary greatly from state to state. Everything from a string of bad storms to an increase in the number of uninsured drivers on the road can cause premiums to rise – and in these 10 states, drivers are shelling out more than the rest.

Freeway 405 Empty

When it comes to auto insurance rates, not all states are created equal.  Here’s a look at which states have the highest annual premiums, as ranked by Insure.com.

Photo Source: Reuters

Savannah Georgia Traffic

10. Georgia

Average premium for 2012: $1,694

It may be known as ‘The Peach State’, but auto insurance rates in Georgia aren’t so sweet – especially when compared to those of its neighbors.  Drivers in South Carolina pay an average of $1,108 and Alabama drivers pay $1,345.

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LAX Traffic

9. California

Average premium for 2012: $1,709

Cruising down the West coast doesn’t come cheap. California drivers currently pay an average of $1,709 to insure their vehicles, $271 more than the national average.

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Wyoming Bear Road

8. Wyoming

Average premium for 2012: $1,732

While Wyoming has the eighth highest auto insurance rate in the nation, neighbor state Idaho has the fourth lowest rate, boasting an average premium of $1,011. That’s a difference of $721 – no small potatoes.

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Pawtucket Rhode Island

7. Rhode Island

Average premium for 2012: $1,830

Rhode Island may be the smallest state in the U.S., but its residents pay big bucks for auto insurance. In nearby Maine, drivers pay an average premium of $889, the lowest in the country. Maine also has the smallest percentage of uninsured drivers in the country, at 4.5%.

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Montana Bridge

6. Montana

Average premium for 2012: $1,856

In the wild, wild West, car insurance premiums are wildly high. Montana residents pay an average of $1,856 for coverage, $418 more than the national average.

Photo Source: Reuters

Washington DC Traffic

5. Washington, D.C.

Average premium for 2012: $1,866

Whether you’re inside the Beltway or just driving it, auto insurance rates in D.C. are some of the highest in the nation. In nearby Maryland, rates are only $1,372 and in Virginia, they’re $1,297.

Photo Source: Reuters

West Virginia State Trooper

4. West Virginia

Average premium for 2012: $2,002

Insuring a car in West Virginia costs about $705 more than it does in Virginia, and $903 more than it does in neighboring Ohio.

Photo Source: Reuters

Michigan State Trooper

3. Michigan

Michigan’s car insurance rates are the third-highest in the nation, mostly as a result of costs associated with the state’s ‘no-fault’ insurance system. As Insure.com reports, people injured in car accidents in Michigan are guaranteed unlimited medical benefits for the treatment of their injuries; to support that policy, drivers are required to buy personal injury protection and pay a $145-per-vehicle assessment to the Michigan Catastrophic Claims Association.

Oklahoma Police Block

2. Oklahoma

Average premium for 2012: $2,047

Oklahoma consistently ranks as one of the most expensive states for car insurance, and for good reason:  an estimated 24% of Oklahoma’s drivers are uninsured, which Insure.com says means higher premiums for others on the road. The state also suffered storm losses over the last few years that have kept pressure on insurance costs.

Photo Source: Reuters

New Orleans Traffic

1. Louisiana

Average premium for 2012: $2,536

The most expensive state in which to buy car insurance is Louisiana, whose Lower Ninth Ward, Bywater and Holy Cross neighborhoods have the highest car insurance rates in the state. Insure.com reports that uninsured drivers and a controversial legal process involving auto insurance claims are partially to blame.

Photo Source: Reuters

Drivers, Beware: The 10 States Where Car Insurance Costs the Most

A recent survey by Insure.com found that U.S. drivers pay an average of $1,438 a year for auto coverage, but rates vary greatly from state to state. Everything from a string of bad storms to an increase in the number of uninsured drivers on the road can cause premiums to rise – and in these 10 states, drivers are shelling out more than the rest.

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