We’ve heard it a million times, the New England States have the highest insurance rates in the country. So we decided to do a little research to see if this was just a myth or really the truth. It turns out that even though the a couple of the New England states do have some of the highest insurance rates, not of of them are. The rates we found are based on an average monthly cost.
New Jersey holds the lead with having the highest insurance rates through the country at an average of $1,1157.30
Second to New Jersey is District of Columbia coming in at $1,133.87, with Louisiana coming in third at $1,121.46. Fourth leads us back to New York at $1,078.88. Now as you can see in the chart below only two of the New England states come in under the top 10 most expensive, with Rhode Island and Connecticut coming in at number seven and eight. Maine falling into the the number five slot of the least expensive. As you can see it turns out South Dakota has the least expensive auto insurance throughout the country at $525.16.
So when we look at the country overall, in comparison our insurance rates in New England maybe a bit higher but we definitely don’t have the highest insurance rates throughout the whole country. We can consider ourselves lucky that we don’t live in New Jersey or Louisiana. So the next time you hear someone say, New England is the most expensive for insurance rates, remind them what they would be if they lived in New Jersey, Florida or New York.
Don’t forget if you’re looking to get a quote for your auto insurance, give Penny Hanley & Howley Insurance a call. We will be happy to assist you. With over 30 carriers available we can get you the best rates possible.
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