Incurred losses for auto insurance for physical damage in the US. In the past year car insurance rates have risen across 41 states including Washington DC and fallen in just ten states.
Catastrophes 1992-2018 by property loss Share of.
Most expensive auto insurance in america. 2011-2019 Most expensive US. In 2017 Michigans average ranked 82 percent higher than the national average of 1318. While it is normal to expect changes from year to year the more likely cause of differences between the 247 Wall St.
Your average Detroiter pays 5414 annually in car insurance premiums or about 451 monthly. Michigan was also named the most expensive state in 2011 but came up in second place in 2010 and 2013. However for the fifth year in a row Michigan has ranked as the most expensive state for car insurance.
Oct 25 2014 945 AM EDT. Claiming the number one spot for cities with the most expensive auto insurance is Motown the home of the American auto industry. Colorado has seen the highest year-over-year rate increase at 19 and Montana saw the greatest decrease of 21.
Most expensive states for car insurance. Michigan 2611 Louisiana 2298 Florida 2219. Its lowest ranking was in 2010.
On the average a car owner in Detroit foots a 5414 annual bill for car insurance. But why are residents of one of Americas most cash-strapped cities on the hook for such massive bills. It is ironic that the home of the countrys auto industry is also the most expensive city in terms of car insurance premiums.
Based on 247 Wall Sts study the median annual cost of car insurance for the 25 most expensive cars to insure is 1365. Detroit has the distinction of having the highest automobile insurance rates in the country according to a recent study. Louisiana has the highest average cost of full coverage auto insurance at 2724 annually or 227 per month.