Are You Paying Too Much for U.S. Car Insurance? Try Moving

Are You Paying Too Much for U.S. Car Insurance? Try Moving

If you’re searching for a place to lower your car insurance premium, consider Hawaii. Drivers in the Aloha State pay on average as little as 1.28% of their household income on full coverage auto insurance -- the lowest in the nation -- while Louisiana ranks last at 5.27%, according to a study from Bankrate.com. That compares with the national average of 2.44%, or $1,674 per year.

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.