Wondering what the average auto insurance cost is in your state? Or questioning how your state compares to the rest of the country? Bankrate did a study recently, gathering the prices as well as some insights into the reasoning behind the price differences.
If you’re planning on moving in the near future, this information might help you decide on a location, or at least budget if it turns out your new home is in a more expensive state.
Factors That Can Impact Your Rates
Several variables go into calculating your auto insurance rate. Bankrate says location accounts for most of these factors. According to their report, “an insurer might consider road conditions, the number of licensed drivers, uninsured driver statistics, traffic density and the cost of living as it relates to repair and labor costs when calculating your rate.”
There are climate, historic, and legal factors as well. Bankrate says that “other considerations include factors like weather conditions, local claims history and state laws that specify the minimum insurance drivers are required to carry.” The company looked at the average rates for both full coverage and minimum coverage to give readers a clearer picture of the cost to insure a car in each state.
Cheapest Car Insurance
Bankrate lists out the full coverage averages by their annual costs, but breaks down the minimum coverage costs by month as well.
Full Coverage
The five cheapest states to insure your car with full coverage are:
- Idaho at $1476/year
- Vermont at $1610/year
- Maine at $1687/year
- New Hampshire at $1694/year
- Indiana at $1709/year
Minimum coverage
The five cheapest states to insure your car with the minimum coverage are:
- Wyoming at $22/month or $265/year
- Iowa at $28/month or $335/year
- Vermont at $29/month or $351/year
- South Dakota at $31/month or $374/year
- North Dakota at $33/month or $397/7ear
Most Expensive Car Insurance
Full coverage car insurance will cost you more than the minimum, but it may save you money should you end up in an accident. When looking at the average auto insurance costs in the most expensive states, that difference is usually around $3000/year.
Full Coverage
The five most expensive states to insure your car with full coverage are:
- Louisiana at $4135/year
- New York at $4090/year
- Florida at $3884/year
- Nevada at $3568/year
- New Jersey at $3254/year
Minimum coverage
The five most expensive states to insure your car with minimum coverage are:
- New York at $148/month or $1773/year
- New Jersey at $118/month or $1413/year
- Maryland at $92/month or $1101/year
- Louisiana at $91/month or $1087/year
- Connecticut at $91/month or $1089/year
Source
Car Insurance Rates by State for February 2026, Bankrate, 2026.
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