What is a typical price for auto insurance? That is a hard question to answer. It is based for the most part on where you reside, instead of on the type of auto you own, as many believe. City dwellers or people in urban areas need to spend more than those who reside in the country. With the increase in the number of cars now traveling, there is a greater risk for accidents. Insurers use many factors to determine premiums including how old the driver is, but their main concern is the probability of actually having to pay a claim. Based on studies gathered by the National Association of Insurance Commissioners, the median cost of car insurance fell, as a whole, by 1.It was 7% in the year 2006. They made a list of the 10 most and least expensive states to reside in when considering auto insurance costs. There is definitely a considerable difference between the low and high. In DC, the typical expense is $1,164 each year. The average is $530, less than half,in North Dakota. States with the lowest insurance rates are Iowa, South Dakota, Idaho, Kansas, Nebraska, Wisconsin, and North Dakota - so keep that in mind when you're moving. You can obtain a comprehensive car insurance policy at an average annual rate of less than $600 a year in all of these states.nnThe average cost of homeowner's is higher in North Carolina, because of frequent hurricane damage along the coast,but, just as a point of interest. There are many factors to think about when you are picking a new place to live. Among the states that have the most elevated rates are Nevada, Delaware, Florida, New York and New Jersey. Costs in these states run more than $1000 annually. Different cities also have different rates. The higher rated cities raise the average for that particular state. Just two years ago, people residing in Detroit could expect to pay over five thousand dollars a year for auto insurance. The median for the entire state was under $1000. Michigan is a state of extensive size, with much of its regions rural. If you live out in the countryside your premiums will be lower than in a populated area such as Detroit. Which businesses sell the majority of auto insurances? You may be interested in knowing which companies are the top auto insurers in the United States. The big trio of these are State Farm, Allstate and Progressive companies. Go online to compare quotes from these three as well as many others.
