It may seem like Auto Insurance rates, like gas prices, seem destined to climb higher each year. You might be surprised to know, however, that of the 47 states surveyed by Insurance.com for the Insurance.com 2005 Auto Insurance Pricing Report, 21 states actually saw their auto insurance rates fall and the national average actually fell slightly.
According to the report, the average U.S. household is paying $2,302 for auto insurance each year, which is a 2% decrease or nearly $60 savings from 2004. This information was collected from nearly nine million auto insurance quotes provided by Insurance.com to its consumers in 2004 and 2005.
New York, Louisiana and Rhode Island came out as the most expensive states for auto insurance, although New York reported a $111 decrease in the average premium quoted from 2004. Maine, Iowa and Vermont led the charge for least expensive states for auto insurance, though all three states experienced increases in 2005.
As with previous years, the report highlights significant pricing variability across the country. Geography, along with credit score, gender, age, driving history and other factors may influence the price you pay for auto insurance. The list does not include MA, HI, AK who are not serviced by Insurance.com or New Jersey who joined our platform in 2005. States are ranked in order from most expensive to least expensive:
