Massachusetts Car Insurance Rates Top 20 Most Expensive in US
Tuesday, April 09, 2013
Feel like you're paying a lot for car insurance? If you live in Massachusetts, you are.
The Bay State ranked #15 overall, with an average annual premium of $1,625. If it sounds like a lot, it might help to compare it to Louisiana, the #1 most expensive state in the US, with a $2,699 annual premium.
Louisana was followed by Michigan (#2) at $2,520, Georgia (#3) at $2,155, Oklahoma (#4) at $2,074, and Washington, DC (#5) at $2,006.
New England's most and least expensive car insurance rates
Among New England states, Massachusetts was among the most affordable when it came to car insurance. The most expensive state in the region was Rhode Island, which ranked #9 in the nation at $1,735, followed by Connecticut (#11) at $1,723. All three states were well above the national average of $1,510 per year.
Ranking less expensive than Massachusetts in New England was Vermont (#45) at $1,176 and New Hampshire (#47) at $1,112. The region's best deal for car insurance? Maine, which was also the cheapest in the US, at $934 a year.
How they got the rates
To get at the average rates, Insure.com commissioned Quadrant Information Services to provide auto insurance rates for more than 750 car models from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 ZIP codes per state. Rates were compiled in December 2012.
From there, the rates were averaged for all vehicles in each state to create the rankings. Rates are for comparative purposes within the same model year.
The hypothetical driver
To arrive at the rates, Insure.com used a hypothetical driver: a single, 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Actual rates will depend on individual driver factors.
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