It may seem like Auto Insurance rates, like gas prices, seem destined to climb higher each year. You might be surprised to know, however, that of the 47 states surveyed by Insurance.com for the Insurance.com 2005 Auto Insurance Pricing Report, over 30 states actually saw their auto insurance rates fall and the national average actually fell slightly. According to the report, the average U.S. household is paying $2,076 for auto insurance each year, which is a 5.6% decrease or nearly $116 savings from 2004. This information was collected from nearly nine million auto insurance quotes provided by Insurance.com to its consumers in 2004 and 2005.
New York, Louisiana and Washington DC came out as the most expensive states for auto insurance, although New York reported a 14.2% decrease in the average premium quoted from 2004. Maine, Iowa and Ohio led the charge for least expensive states for auto insurance, though Maine experienced an increase.
10 Most Expensive States
|
|
2005 Premium |
% Change from 2004 |
|
LA |
$3,016 |
- 9,5% |
|
DC |
$2,717 |
+12.6% |
|
NY |
$2,673 |
-14.2% |
|
MD |
$2,529 |
-3.9% |
|
KY |
$2,448 |
-1.0% |
|
WV |
$2,408 |
-9.8% |
|
RI |
$2,401 |
-4.9% |
|
DE |
$2,331 |
+10.4% |
|
PA |
$2,218 |
-10.3% |
|
NC |
$2,199 |
40.3% |
10 Least Expensive States
|
|
2005 Premium |
% Change from 2004 |
|
ME |
$1,474 |
+7.2% |
|
OH |
$1,485 |
-6.9% |
|
IA |
$1,555 |
-1.7% |
|
MO |
$1,588 |
-11.1% |
|
WI |
$1,605 |
-4.9% |
|
VT |
$1,611 |
+4.3% |
|
ID |
$1,631 |
-8.8% |
|
IL |
$1,645 |
-8.5% |
|
TN |
$1,672 |
-8.3% |
|
VA |
$1,675 |
-4.2% |
As with previous years, the report highlights significant pricing variability across the country. Geography, along with credit score, gender, age, driving history and other factors may influence the price you pay for auto insurance. The list does not include MA, HI, AK who are not serviced by Insurance.com or New Jersey who joined our platform in 2005. States are ranked in order from most expensive to least expensive:
State-by-State Breakdown
|
Rank |
State |
2005 Premium |
% Change from 2004 |
|
1 |
LA |
$3,016 |
-9.5% |
|
2 |
DC |
$2,717 |
+12.6% |
|
3 |
NY |
$2,673 |
-14.2% |
|
4 |
MD |
$2,529 |
-3.9% |
|
5 |
KY |
$2,448 |
-1.0% |
|
6 |
WV |
$2,408 |
-9.8% |
|
7 |
RI |
$2,401 |
-4.9% |
|
8 |
DE |
$2,331 |
+10.4% |
|
9 |
PA |
$2,218 |
-10.3% |
|
10 |
NC |
$2,199 |
40.3% |
|
11 |
MS |
$2,174 |
-2.3% |
|
12 |
WY |
$2,166 |
-2.1% |
|
13 |
FL |
$2,134 |
-5.9% |
|
14 |
MI |
$2,111 |
-5.7% |
|
15 |
CA |
$2,076 |
-10.5% |
|
16 |
AR |
$2,068 |
-6.3% |
|
17 |
CT |
$2,053 |
-19.2% |
|
18 |
AZ |
$2,051 |
-2.8% |
|
19 |
NM |
$2,047 |
-4.6% |
|
20 |
MN |
$2,043 |
-9.4% |
|
21 |
OK |
$2,013 |
-5.7% |
|
22 |
ND |
$2,004 |
+6.3% |
|
23 |
NE |
$1,963 |
+6.2% |
|
24 |
NV |
$1,959 |
-22.8% |
|
25 |
TX |
$1,950 |
-17.5% |
|
26 |
WA |
$1,940 |
-7.2% |
|
27 |
SC |
$1,936 |
4.6% |
|
28 |
MT |
$1,897 |
5.3% |
|
29 |
AL |
$1,897 |
0.0% |
|
30 |
GA |
$1,886 |
-5.2% |
|
31 |
SD |
$1,858 |
+2.2% |
|
32 |
NH |
$1,843 |
-11.4% |
|
33 |
KS |
$1,837 |
-4.4% |
|
34 |
CO |
$1,828 |
-14.6% |
|
35 |
UT |
$1,789 |
-1.6% |
|
36 |
OR |
$1,720 |
-0.7% |
|
37 |
IN |
$1,708 |
-5.1% |
|
38 |
VA |
$1,675 |
-4.2% |
|
39 |
TN |
$1,672 |
-8.3% |
|
40 |
IL |
$1,645 |
-8.5% |
|
41 |
ID |
$1,631 |
-8.8% |
|
42 |
VT |
$1,611 |
4.3% |
|
43 |
WI |
$1,605 |
-4.9% |
|
44 |
MO |
$1,588 |
-11.1% |
|
45 |
IA |
$1,555 |
-1.7% |
|
46 |
OH |
$1,485 |
-6.9% |
|
47 |
ME |
$1,474 |
|
About 2005 Auto Insurance Pricing Report
Insurance.com`s 2005 Auto Insurance Pricing Report highlights the average change in auto insurance premium quotes. The report compares the average auto insurance premium in 2005 against the average premium for the full year in every state*. The information comes from actual auto insurance quotes consumers received from over a dozen of the nation`s leading auto insurance companies who participate on Insurance.com`s comparative auto insurance platform. The quote information was collected from more than two million auto insurance quotes provided by Insurance.com to its customers in 2004 and over seven million insurance quotes collected in 2005.
*Note: While the "2005 Auto Insurance Pricing Report" is a broad indicator of pricing activity in the personal auto insurance marketplace it reflects only the pricing activity of carriers that have participated in the ComparisonMarket auto insurance marketplace in the states where it quotes (all states except Alaska, Hawaii, Massachusetts, New Jersey) and the aggregate profile of consumers who shop using the ComparisonMarket platform. .