According to a newly published report about the new data on car insurance rates in 2019, the average cost of car insurance in the country is only $1,502 per year. However, since it is the average figure, it may vary greatly from individual to individual.
Plus, we must also mention that the rate depends on a number of factors including your geographical area, driving history, and type of coverage.
The truth is that car insurance can be expensive. However, if you maintain a neat record, you will be able to get it at a cheaper rate. It may also be a good idea to shop around since some providers are known to offer special rates.
Here are the nine most expensive car insurance companies:
The price greatly fluctuates from state to state and even city to city in some cases. This is because factors such as the average traffic and crimes also affect the insurance rate. Here are the five most expensive stats in the country:
|State||Average Cost Per Year|
Minnesota is the most expensive state at $2,693. Georgia comes third at $2,095.
Maryland is the cheapest state with the average cost being just $896 per year. This is about one-third of the average cost in Minnesota, the most expensive state in the country.
Expensive or cheap, insurance can never be enough if you’re involved in a road accident. A lawsuit may be your best bet as it will ensure you get compensated for everything, from physical pain to monetary loss.
If you or someone close to you has been involved in an accident then get in touch with our lawyers and talk about your rights.