It’s not simply owners insurance coverage prices which might be excessive in Florida. A brand new report reveals that Floridians proceed to pay among the largest auto protection premiums within the nation.
The BankRate 2022 report reveals that the typical auto premium within the state is about $2,762. That’s second solely to Louisiana and $1,000 above the U.S. common.
The bottom-cost states have been Hawaii and Maine, in keeping with BankRate, which calls itself an impartial, advertiser-supported comparability service. The rankings are according to different experiences in recent times which have proven Floridians pay greater than residents of most different states for car insurance coverage.
The report famous that Florida and Louisiana residents might expertise excessive insurance coverage prices as a result of hurricanes and flooding, which might drive up insurance coverage charges. Due to the comparatively low median incomes in each states, residents on common pay a bigger share of their funds towards automotive insurance coverage.
Floridians paid a mean of 4.4% of their earnings for automotive insurance coverage and other people in Louisiana paid greater than 5%, the report discovered.
For cities, drivers in Tampa and Miami paid among the highest charges within the nation, whereas folks in Boston and Seattle noticed the bottom common premiums.
Listed below are extra articles it’s possible you’ll get pleasure from.
Fascinated with Auto?
Get computerized alerts for this subject.
