Perhaps you live in a state that requires all drivers to purchase auto insurance. If so, then you are aware that car insurance can be extremely expensive. There are a lot of different factors that can influence the price that your car insurance premiums will be. One of these factors happens to be the state that you reside in.
Most of us realize that the amount of money that an insurance company is going to charge a person on his or her premiums has to do with how big a risk the insurance company perceives that person to be. Ideally, the insurance company wants to find customers who will not cost them too much in claims. They seek customers who aren’t going to harm their profits.
Some of the things that will cause your car insurance premiums to go up are within your control. Drivers who have good driving records, who don’t get into accidents that require claims, and who have never had a DUI are going to be rewarded with a lower premiums. Drivers who cost the insurance company a lot of money will wind up paying higher premiums. The type of vehicle that you choose to drive also influences how high your premiums will be. People who drive mini-vans won’t have to pay as much in premiums as people who drive fast sports cars. Insurance companies like it when you drive save vehicles.
On the other hand, some things that affect the price of your premium are beyond your control. Younger drivers end up with higher premiums than older drivers will. It’s not unusual for men to be charged more than women of the same age. It turns out that the state that you live in has an effect on how much your car insurance premiums will be.
What state do you live in? If you live on Ohio you are in luck. According to the Ohio Insurance Institute trade group, Ohio has the eleventh lowest auto insurance premiums in the country. This was based on data from 2008, when the latest figures were available. Ohio also has very low rates on homeowners insurance. What states have the most expensive rates for auto insurance? The National Association of Insurance Commissioners (NAIC), the people who are paying the highest rates on their car insurance premiums live in District of Columbia, New Jersey, Louisiana, New York, Florida, and Massachusetts. Michigan just had a huge increase in car insurance premium rates in the past year, which makes them one of the most expensive states, as well.
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