There are a variety of factors that can make an individual's car insurance rates more expensive. Car insurance for new drivers and high risk drivers will usually be more expensive. Another factor that can make car insurance more expensive is which state you happen to live in. Car insurance rates vary from state to state because every state has their own laws regarding car insurance and insurance companies weigh certain factors differently from state to state. These are the three states with the highest car insurance rates and some explanation as to why.
1. Louisiana- $2,536 average per year
The insurance companies credit the high car insurance rates in Louisiana to how the state regulates car insurance claims. In Louisiana a claim does not go to court unless the total amount of damages being sought is greater than $50,000. Some analysts say that this has resulted in a higher amount of money being paid in claims per person in the state.
2. Oklahoma- $2,047 average per year
The high car insurance rates in Oklahoma are mostly linked to two factors. The first would be that the state has one of the highest rates of uninsured drivers, so basically the insured are paying for the mistakes of the uninsured. The second reason is the fact that Oklahoma has a high rate of claims related to storm damage.
3. Michigan- $2,013 average per year
The main reason cited for the high cost of insurance in Michigan is the state laws that regulate personal injury claims. Michigan is the only state where people injured in car accidents are guaranteed unlimited lifetime medical coverage for their injuries.
Decrease the cost of your car insurance
If you live in one of these states, getting insurance is going to be more expensive no matter what. This doesn't mean you should not do whatever you can to lower your rates. The individual does have some degree of control over their insurance rates. Tips for getting the best car insurance rate include driving the cheapest car to insure, limiting the number of miles you drive and maintaining a clean driving record. Try to use every factor that you can to your benefit and it can work to significantly reduce the cost of your car insurance.
Car insurance for young drivers can be even more expensive, so if you are a young person living in one of these states, that is two factors that you can't control that are working against you. There are some options to lower your car insurance premiums that are specifically aimed at young drivers. Young drivers can lower their car insurance cost by performing well in school and by taking a driver safety class. Taking advantage of these options can go a long way toward reducing a young driver's car insurance costs. A combination of playing as many variables as you can in your favor and shopping around should help any driver, no matter where they live, get a good rate on car insurance.
1. Louisiana- $2,536 average per year
The insurance companies credit the high car insurance rates in Louisiana to how the state regulates car insurance claims. In Louisiana a claim does not go to court unless the total amount of damages being sought is greater than $50,000. Some analysts say that this has resulted in a higher amount of money being paid in claims per person in the state.
2. Oklahoma- $2,047 average per year
The high car insurance rates in Oklahoma are mostly linked to two factors. The first would be that the state has one of the highest rates of uninsured drivers, so basically the insured are paying for the mistakes of the uninsured. The second reason is the fact that Oklahoma has a high rate of claims related to storm damage.
3. Michigan- $2,013 average per year
The main reason cited for the high cost of insurance in Michigan is the state laws that regulate personal injury claims. Michigan is the only state where people injured in car accidents are guaranteed unlimited lifetime medical coverage for their injuries.
Decrease the cost of your car insurance
If you live in one of these states, getting insurance is going to be more expensive no matter what. This doesn't mean you should not do whatever you can to lower your rates. The individual does have some degree of control over their insurance rates. Tips for getting the best car insurance rate include driving the cheapest car to insure, limiting the number of miles you drive and maintaining a clean driving record. Try to use every factor that you can to your benefit and it can work to significantly reduce the cost of your car insurance.
Car insurance for young drivers can be even more expensive, so if you are a young person living in one of these states, that is two factors that you can't control that are working against you. There are some options to lower your car insurance premiums that are specifically aimed at young drivers. Young drivers can lower their car insurance cost by performing well in school and by taking a driver safety class. Taking advantage of these options can go a long way toward reducing a young driver's car insurance costs. A combination of playing as many variables as you can in your favor and shopping around should help any driver, no matter where they live, get a good rate on car insurance.
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