Posted by on November 25, 2022 10:45 am
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Categories: Breaking News Epoch Times News

Florida Ranked Highest in the Nation for Auto Insurance: Report Shows

A recent analysis ranks Florida as the most expensive state in the nation for automobile insurance.
The national average rate for full coverage car insurance is $1,682 a year in 2022. With an average premium of $2,560 per year, or $213 a month, a recent analysis from insure.com ranked Florida as the most expensive state in the nation for automobile insurance. That’s a 23 percent increase in rates from 2021, making the Sunshine State about 52 percent more expensive than the national average. Ohio’s average insurance premiums of $1,023 a year, ranking the Buckeye State with the cheapest car insurance rates.
Several factors—such as driving record, gender, age, location, credit score, and the type of vehicle—will also influence car insurance rates. However, drivers in no-fault states such as Florida and Michigan traditionally pay more for auto insurance than drivers in other states….

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