Iowa, South Dakota, Hawaii, Wyoming and Alaska are the states with the lowest rates for minimum car insurance. If living in a state with affordable auto insurance premiums is important to you, these states are some of the cheapest places to live for car insurance.

Why are Geico rates so low?

GEICO is cheap because it sells insurance directly to consumers and offers a lot of discounts. Most consumers qualify for more than one discount, which helps to lower the overall cost of their premiums. The fact that it sells insurance directly to consumers is another big reason why GEICO is so cheap.

Where are the lowest auto insurance rates in the US?

Thanks to a competitive market, Maine consumers are paying less for auto insurance than consumers in nearly every other state, according to statements made by Insurance Superintendent Eric Cioppa. Maine also has the lowest rate of uninsured drivers (4.5%) in the country.

Which is the cheapest car insurance company to get?

Of the larger providers shown, we found Erie and Auto-Owners offer the cheapest average premiums across various driver profiles for both liability-only and full coverage car insurance. However, USAA offers the lowest average annual rates for qualifying military members and their families.

Why are car insurance rates so low in New Hampshire?

New Hampshire also qualifies as a low-population, rural state, so that helps keep its rates low, on average. It also nurtures a competitive market in that state laws require insurance companies to accept all drivers with clean records who apply for coverage.

What’s the average cost of car insurance in Louisiana?

Louisiana drivers are paying $1,981 more on average than drivers in Maine. The national average this year came in at $1,428, which is a decrease of 6% from last year. In fact, rates dropped in almost every state (it rose or stayed the same in nine states), which illustrates how dramatically COVID-19 impacted car insurance rates.