Millions of people will need to purchase automobile insurance in November and December. Finding the greatest deal is critical following two years of rising costs and a greater cost of living in the United States.
While New York has the highest average yearly cost of minimal coverage at $1,632, followed by Florida at $1,111, you may be wondering where the most reasonable pricing is. According to Bankrate, the following states have the lowest average vehicle insurance cost for minimal coverage.
Car insurance & States with the lowest average cost of minimum coverage
If one of the reasons you are considering moving to a new state is the cost of auto insurance, Wyoming is a prime example. The average annual cost of minimal coverage is just $264.
Without a doubt, it is a terrific deal, and there is a significant difference between the costs in New York and Florida. In fact, it costs $1,368 less than in the state of New York. As a result, low-income households stand to benefit significantly.
Vermont is in second place. Even if the average yearly cost of minimal coverage is slightly higher, it remains affordable. It’s around $306, so 42 dollars more.
Top 5 of States with lowest car insurance average annual cost of minimum coverage
As a matter of fact, per Bankrate, they are:
- Wyoming
- Vermont
- Iowa
- Idaho
- South Dakota
Wyoming’s average cost is $264, while Vermont’s is $306. The average annual cost of minimal coverage in Iowa is $348. The average cost of the same sort of auto insurance in Idaho is $352.
South Dakota is another state that provides excellent value for minimal coverage. It is approximately $362 on average. For your knowledge, these are only average pricing; in some cases, the price may be higher for a specific person. For example, youthful drivers may be charged extra for the same service.