California Ranks Among Top Ten Most Expensive States For Car Insurance
Living in California has its pros and its cons. While most of the country is suffering through extreme weather conditions most Californians, especially Southern Californians, are enjoying warm days at the beach. That right there might seem like a big pro to most people. The cons to this though can be many, including extreme traffic, high cost of living, and now a ranking among the top ten most expensive states for car insurance.
A recent publication by Insure.com has released its study which took a look at insurance premiums across the country and ranked each state from highest to lowest. California actually fell from its ranking at number six last year to number nine this year. One qualifier that might be part of the reason California dropped in ranking is that insurance premiums seem to have fallen from $1,991 last year to $1,709 this year. The report isn't specific about what the exact reasons are for each state's rankings but it does list the reasons insurance premiums might range in cost for each state. Reasons such as: the state's car insurance laws, severe weather that led to higher than average insurance claims in the last year, the amount of competition between insurance carriers, and how many uninsured drivers there are in that state.
The most expensive state to insure a driver goes to Louisiana, mostly due to its state laws that require auto insurance claims to reach $50,000 before they can go to a jury trial. Anything less is given to elected judges who, more often than not, empathize with their constituent instead of the insurance company therefore causing the insurance company to defray costs with higher premiums. Louisiana also falls in the extreme weather category. The least expensive state to insure a driver is Maine. The typical insurance premium is $889, compared to Louisiana's $2,536.
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