Plenty of folks are struggling with budgets that are stretched thin these days, and many are examining their insurance expenses as they search for ways to cut costs. According to Bankrate, full coverage auto insurance in the United States costs an average of $2,458 per year, or $205 per month.
These costs fluctuate wildly depending on where someone lives, as different areas carry higher amounts of risk due to things like a higher cost of living, minimum coverage requirements or a higher rate of traffic incidents.
Bankrate reports that states where drivers pay the most for full coverage auto coverage are Florida ($4,088 per year), New York ($3,846), Louisiana ($3,744), Missouri ($3,236) and Nevada ($3,194).
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
