In November and December, a lot of people will need to get car insurance. After two years of prices going up and the cost of living going up in the US, it’s important to find the best price.
You may be curious about where the cheapest price for minimum coverage is, since the most expensive one is $1,632 a year in New York and the least expensive is $1,111 a year in Florida. Based on Bankrate, these are the states where the average cost of minimum car insurance is the lowest.
Car insurance & States with the lowest average cost of minimum coverage
Wyoming is a great place to live if you are thinking about moving to a new state because of how cheap the car insurance is there. The average cost of minimum coverage each year is only $264.
There’s no doubt that it’s a great price, and the cost is very different in Florida than in New York. In fact, it is $1,368 cheaper than in the State of New York. For low-income families, this is a big plus.
Vermont comes in second. It’s still affordable to get car insurance, even if the average annual cost of minimum coverage is a little higher. It costs about $306, which is $42 more.
Top 5 of States with lowest car insurance average annual cost of minimum coverage
As a matter of fact, per Bankrate, they are:
- Wyoming
- Vermont
- Iowa
- Idaho
- South Dakota
It costs about $264 in Wyoming and $306 in Vermont. Then, in Iowa, the average cost of the bare minimum coverage each year is only $348. Most people in Idaho pay $352 a year for the same kind of car insurance.
Another state that has a great price for minimum coverage is South Dakota. In general, it costs around $362. Just so you know, these are just average prices. For some people, the price may go up depending on their situation. Like, young drivers might have to pay more for the same service.
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