Car insurance by state cost

Florida is the most expensive state for car insurance with average auto premiums of $2,560 per year – which is about 23% increase in rates from 2021, according to an Insure.com 2022 analysis. Notably, drivers in no-fault states such as Florida and Michigan pay more for auto insurance than drivers in other states.

State Farm and Geico are the cheapest major car insurance companies in the country. State Farm offers an average rate of $41 per month for a minimum liability policy, which is 29% cheaper than the national average.

Louisiana is among the top three most expensive states for auto insurance. Premiums can be costly because of the highway density, high urban population density, above-average vehicle theft rates and the high number of auto-related lawsuits.