NJ has 9th most costly car insurance in nation, report says

In 2011, a single report stated New Jersey had the highest automobile insurance coverage costs in the nation.

According to a examine by a diverse organization, the Backyard State now areas ninth.

The common yearly New Jersey insurance premium is $ one,905, in accordance to Insure.com, which bills itself as the most cited independent buyer insurance coverage site.

Michigan ($ 2,551) and West Virginia ($ 2,518) are by far the most costly areas to insure a automobile, the report mentioned. The nationwide regular, Insure.com, stated is $ one,503.

Pennsylvania was 25th at $ one,400, although New York landed in the 42nd spot at $ 1,173. The 2 cheapest states to to receive coverage are Ohio at $ 926 and Maine at $ 964.

Insurance coverage is specially expensive in Michigan because drivers are necessary to buy personalized injury safety that ensures lifetime positive aspects if someone is injured in a collision. Other states that mandate personalized damage protection set price limits, the report explained.

The review that said New Jersey drivers paid the most in 2011 was carried out by the National Association of Insurance coverage Commissioners. That year New Jersey drivers paid an average of $ 1,301.52 to get policies, 43 percent above the nationwide regular.

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