The male’s insurance coverage consists of:
- $50,000 bodily injury liability per person
- $100,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $500 deductible for comprehensive and collision
U.S. drivers paid an average of $1,529 last year for car insurance, according to the report.
Among 38 states that saw increased premiums last year, the report says Louisiana experienced the largest increase (42%). Let’s take a look at the states with the most expensive car insurance, then we’ll cover the least expensive.
These States Have the Most Expensive Car Insurance Rates
|States||Annual Insurance Rate
|4. Rhode Island||$2,106
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Although Maryland saw the largest decrease in insurance premiums (9%), New Hampshire has the cheapest insurance, according to the report.
These States Have the Least Expensive Car Insurance Rates
|State||Annual Insurance Rate
|1. New Hampshire||$999
|4. North Carolina||$1,067
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No matter where you live, there are some ways you can lower your car insurance.
How To Lower Your Car Insurance
Pay a Higher Deductible
Money expert Clark Howard is a big fan of raising your deductible as a strategy to lower your car insurance payments.
He says you should always opt for a $1,000 deductible for the best savings on your policy. At that level, you’ll pay a lower premium and won’t be tempted to file any claims for small things like a cracked windshield.
Consider Buying a Cheap-To-Insure Vehicle
As you know, some vehicles are more expensive to insure than others. Consider getting a vehicle that is cheaper to insure.
TheZebra’s report also covered this topic and found that the Mazda CX-3 Sport was the least expensive car to insure.
Raise Your Credit Score
Another way to lower your car insurance bill is to increase your credit score. Car insurance companies routinely use your creditworthiness, among other factors, to determine your rate.
A good credit score can help lower your car insurance premium.
Here’s how to raise your credit score.
More Car Insurance Resources From Clark.com:
The post Report: The Most and Least Expensive Car Insurance Rates by State appeared first on Clark Howard.