After slowing down or even getting lower in 2020, car insurance rates are on the rise again.
A new study from Insurify predicts the average rate will jump 5% in 2022 to $1,707 per vehicle annually. That compares with an average of $1,633 last year, which was a 12% jump from 2020.
Averages, of course, don’t often apply to individuals. Rates vary wildly by state, as people’s commutes, vehicle makes and models, and driving records compare differently. Michigan, for example, is the most expensive state for drivers when it comes to insurance, with annual costs of $2,858, according to Insurify. Hawaii is the cheapest, coming in at $824.
And urban drivers will pay an average of $194 per year more than those in rural areas.
Insurify says it looked at the premiums of 40 million accounts in its database. Based on that data, here are the most (and least) expensive states for drivers when it comes to insurance:
Most expensive states for auto insurance
Michigan – $2,858
New York – $2,321
Rhode Island – $2,321
Louisiana – $2,206
Georgia – $2,127
Nevada – $2,091
Delaware – $2,020
Florida – $2,020
South Carolina – $1,955
Maryland – $1,948
Least expensive states for auto insurance
Hawaii – $824
North Carolina – $924
Maine – $945
Vermont – $945
Idaho – $953
New Hampshire – $953
Indiana – $1,017
Ohio – $1,031
Wisconsin – $1,060
South Dakota – $1,074
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