It is not just age, gender or driving track record that will affect auto insurance rates. In fact the states where you live in also have a massive impact on whether your auto insurance is expensive or cheap. The premiums could go over the roof due to traffic laws, condition of roads in the state and even the laws for medical coverage. According to a recent survey, Louisiana turned out to be the state with the most expensive insurance rates for cards where the average premium is as high as 2510 dollars. This high premium is partly because of the state laws where only cases about 50,000 dollars receive a trial jury and a low of traffic accident related lawsuits end up being settled around 49,000 dollar mark.
The premiums in Michigan average around 2098 dollars. In this state lifetime medical coverage is granted to accident victims irrespective of whether they purchase a full coverage policy or choose the minimum coverage. This law mandates the insurance coverage to take care of the first 460,000 dollar expense. Another body that affects the rates for all drivers in Michigan is the Michigan Catastrophic Association which is a state wide pool.
Maine and Vermont are two states where the insurance rates are at their lowest. The rates stand at 902 and 968 dollars respectively which trail the most expensive rates by more than 1000 dollars. The low rates are once again a result of many factors. The populations are quite low in both of these states. This means the number of people on the state highways is less thereby reducing the probability of accidents. Fewer commuting people also means less miles driven in the state every year making the roads and the vehicles far safer than busy highways and populous states.
Another reason why rates are lower in these states according to insurance providers is that the chances of people suing in these 2 states are far less than that of other states. Lawsuits, whatever is the reason, are far lesser than the other states in the country. So you don’t need to consider any strategies for lowering your car insurance rates. However, others can reduce the prices by actually comparing various rates before going for the cheapest insurance. Instant car insurance quote can help in this regards as it will help customers to find various types of coverage to save them money.
