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Which states have the most affordable auto insurance coverage?

Which states are the most affordable and most costly for full-coverage auto insurance coverage?

By way of full-coverage auto insurance coverage, the outcomes are barely completely different. The highest three US states for least expensive full-coverage auto insurance coverage prices are Vermont ($92 month-to-month), Maine ($93 month-to-month) and Idaho ($99 month-to-month). By comparability, the costliest states for full-coverage insurance coverage are Michigan ($399 month-to-month), Florida ($238 month-to-month), and Rhode Island ($229 month-to-month).

Which auto insurer has the most affordable/most costly insurance coverage?

ValuePenguin additionally discovered that among the many main insurers providing auto insurance coverage, the most affordable is Auto-Homeowners, with a mean fee of $36 month-to-month for minimal protection. On the opposite aspect of the spectrum, Farmers was recognized as having the costliest auto insurance coverage costs for each minimal and full protection.

Which drivers pay probably the most for auto insurance coverage?

Typically talking, younger drivers can pay extra for auto insurance coverage, ValuePenguin famous – it’s because inexperienced drivers are inclined to get into extra accidents behind the wheel. To place issues into perspective, the speed comparability web site famous that an 18-year-old driver pays over twice as a lot for auto insurance coverage as a 25-year-old driver. Drivers aged 16 would pay a mean of $584 yearly for full protection auto insurance coverage, whereas these aged 35 would pay solely $143.

Which gender pays extra for auto insurance coverage?

Whereas a driver’s gender does have an effect on their auto insurance coverage charges, ValuePenguin famous that its impact on drivers who’re 30 or older are minimal, having noticed that there was little variation in charges round that age bracket. However amongst youthful drivers, males will be charged 13% greater charges than ladies; ValuePenguin prompt that it’s because they drive extra typically, have extra dashing tickets, get into extra accidents, and obtain extra DUIs. In the meantime, nonbinary drivers pay barely greater than ladies drivers.

Utilizing a 20-year-old driver because the template, ValuePenguin discovered that girls pay a mean month-to-month fee of $126, adopted by nonbinary drivers with $129, after which males with a considerably greater $142.

Which automobiles are the most affordable to insure?

Based on ValuePenguin, the Honda CR-V is the most affordable car to insure, with a month-to-month fee of $156. Surprisingly, the Ford F-150 truck is the second least expensive car to insure, with a month-to-month fee of $164.


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