For some of us, business moves us from time to time. With risk being higher in some states than others you may see a lift or drop in your insurance rate depending on where a job relocation may be relocating you.
According to the Insurance Information Institute, in 2005 the top ten most expensive states to carry auto insurance coverage include, New Jersey, D.C., New York, Massachusetts, Louisiana, Florida, Rhode Island, Delaware, Connecticut and Nevada with New Jersey’s average expenditure siting the highest at $1,184 and Nevada being in position #10 with an average expenditure of $983. The least expensive states include Maine, Wyoming, Nebraska, Wisconsin, North Carolina, Kansas, Idaho, South Dakota Iowa and North Dakota being the state with the lowest average expenditure of $554. In addition to these state statistics its been determined 77% of insured drivers purchase comprehensive coverage in addition to liability insurance, and 72 percent buy collision coverage.