Analysis: Wyoming motorists pay lowest auto insurance premiums

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Published Saturday, February 13, 2021
by The Center Square

(The Center Square) - With an average annual premium of $274, Wyoming motorists pay the lowest car insurance rates in the country.

That's according to a new analysis by Wallethub, which compared premiums across the U.S. based on certain criteria.

"WalletHub compared full coverage rates for policies that include collision and comprehensive coverage with a $500 deductible, $100,000 in bodily injury liability coverage per person (up to $300,000 per accident), $50,000 of property damage liability coverage per accident, $100,000 in uninsured motorist bodily injury coverage per person (up to $300,000 per accident), and $50,000 in uninsured motorist property damage coverage per accident," the consumer finance website said of its analysis. "We used a 45-year-old, single man with a clean driving record and good credit as the policyholder for these sample quotes."

Wyoming's average premium bettered the next closest state by more than $50 annually. South Dakota and Iowa drivers fitting Wallethub's criteria pay an annual premium of $326 annually, good for a tie for second.

At the other end of the spectrum, Michigan drivers pay the highest average premium, at $1,908 annually. New York drivers pay the second most at $1,828 annually.

Wallethub notes that insurance companies use a number of factors to determine premium costs, including age of the driver, driving record, credit, and the number of miles driven annually. may earn an affiliate commission if you purchase products or services through links in an article. Prices, when displayed, are accurate at the time of publication but may change over time. Commissions do not influence editorial independence.

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