The National Association of Insurance Commissioners (NAIC) recently released the latest data on auto insurance expenditures in the U.S. for 2009 through 2013. Expenditures increased on average 6.94% nationally between 2013 from 2009. The total expenditures reported are based on the total premiums written by insurers for liability, collision, and comprehensive coverage divided by the number of...
Beginning January 2016, West Virginia raised its minimum auto insurance requirements from 20/40/10 to 25/50/25. This impacts an estimated 16.5% of drivers in West Virginia, who are believed to have the basic minimum coverage. These drivers' insurance policies are still valid, however. Only newly issued and renewed policies for the minimum mandatory coverage will be immediately impacted.
Even when you are buying the same exact amount of car insurance coverage, companies can charge different rates depending on where you live in Nebraska. We obtained quotes for a sample Nebraskan driver to study the variation, and found that costs can range by 29% between the most expensive (South Sioux City, NE) and the most affordable place (Wahoo, NE). For our sample driver, that means a...Read more
The Golden State is one of the best places to ride a motorcycle. It’s the most populous state but also the third largest, and most of California has a mild, Mediterranean climate so riders can take their bike out year-round. To see what cities have the best motorcycle insurance rates in the California, we gathered motorcycle insurance quotes from five major carriers for a 45-year-old male rider...Read more
We looked at car insurance rates for a 30 year old single man across 99 cities in Kansas. We found that costs between the most expensive place (Minneola) and the most affordable area (Eudora) can have as much as a 52% difference. For our sample driver, this translates to an annual cost difference of $526. Least Expensive Places All of the least expensive cities in Kansas for auto insurance are...Read more
To find out just how much where you live can impact your auto insurance rates in Washington, we studied costs in over 50 cities in the state for a sample driver and coverage amounts. We found that car insurance costs can differ by 64% from the most expensive city (Seattle, WA) to the most affordable city (Walla Walla, WA). This means that our sample driver's costs could differ by as much as $670...Read more