FOSTER CITY, Calif.,
Sept. 15, 2020 /PRNewswire/ --
CarInsurance.com just updated its analysis of auto liability
costs in all U.S. states and published rankings of the top 10
highest-cost states and top 10 lowest-cost states for this
essential coverage.
The complete study is available here: Liability car insurance:
what it covers, what it costs by state
Most states require drivers to purchase auto liability insurance
to cover bodily injury and property damage. CarInsurance regularly
analyzes auto insurance costs and informs consumers of both
national average and local coverage insurance rates.
This year, research shows that the average rates for auto
liability insurance are:
- $547 per year
- $48 per month
Lowest 5 states for liability coverage/year
- South Dakota, $323
- Iowa, $326
- Wyoming, $328
- Maine, $355
- Idaho, $377
Highest 5 states for liability coverage/year
- Michigan, $1,855
- Connecticut, $891
- New York, $867
- Maryland, $853
- New Jersey, $846
Auto liability rates vary by state for reasons including:
- State laws governing how much liability insurance is required
to drive legally
- Prevalence of uninsured drivers
- Proportion of urban vs. rural areas
- Volume of claims
"Our research shows that state minimum auto liability
requirements are rarely high enough to adequately protect drivers
who cause an accident," notes Michelle
Megna, CarInsurance's editorial director. "The good news is
that it costs less than $100 per year
to increase your liability coverage above mandated minimums in most
states, and amounts to less than $50
annually in many states."
Penny Gusner, CarInsurance senior
consumer analyst, advises that motorists have bodily injury
liability limits of $100,000 per
person and $300,000 per accident,
with $100,000 of property damage
liability.
Michelle Megna is available to
comment on this research as well as analysis of average car
insurance rates by age, liability requirements for financed cars
and more.
About CarInsurance.com
CarInsurance is owned and operated by QuinStreet, Inc. (Nasdaq:
QNST), a pioneer in delivering online marketplace solutions to
match searchers with brands in digital media. QuinStreet is
committed to providing consumers with the information and tools
they need to research, find and select the products and brands that
meet their needs. CarInsurance is a member of the company's expert
research and publishing division.
CarInsurance is a one-stop online destination for car insurance
information, providing unbiased, expert advice on how to shop for
insurance plans, what consumers should pay and what coverage they
can get from a policy. Since 2003, CarInsurance has been educating
consumers through its breadth of expert content, tools, and
in-depth studies to help site visitors make informed decisions
about their car insurance.
Twitter: @carinsurance
Facebook: https://www.facebook.com/carinsurance
Media contact
Jacqueline Leppla
Senior Director of Public Relations
QuinStreet, Inc.
Direct +1 775 321 3608
jleppla@quinstreet.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/carinsurancecom-finds-states-with-highest-and-lowest-auto-liability-coverage-costs-301131190.html
SOURCE CarInsurance.com