Report: R.I. second most expensive for car insurance

RHODE ISLAND is the second most expensive state for car insurance, behind only Michigan, according to insurancequotes.com. / COURTESY INSURANCEQUOTES.COM
RHODE ISLAND is the second most expensive state for car insurance, behind only Michigan, according to insurancequotes.com. / COURTESY INSURANCEQUOTES.COM

PROVIDENCE – Rhode Island is the second most expensive state for car insurance, according to a new InsuranceQuotes.com report.

The report says that Rhode Island drivers pay 45 percent more than the national average, and that Providence County drivers pay 10 percent more than the Rhode Island average, while Newport County drivers pay up to 26 percent less.
The report said that Rhode Island is a distant second to Michigan, which held the top spot for having drivers pay the most for car insurance – 135.9 percent more than the national average.
Connecticut was the sixth most expensive, at a rate 26 percent higher than the national average.
The website cited the National Association of Insurance Commissioners, which reported that the average annual cost of car insurance nationwide was $815 in 2012 – the most recent data available.
Data was based on the following assumptions – that the driver is employed, drives a 2012 sedan, has a bachelor’s degree, a clean driving record, an excellent credit score and no lapse in coverage.
The mostly rural North Carolina has the least expensive car insurance in the country, at a rate that is 41 percent below the national average. Maine was among the five states with the least expensive car insurance rates, coming in at fourth lowest at a rate 33 percent below the national average.
Mike Barry, spokesman for the nonprofit Insurance Information Institute, said that population density, natural disasters and cost of living can influence geographical insurance pricing.
Michigan consistently ranks highest because it is the only state where car insurance includes unlimited lifetime personal injury protection; it also has a high number of uninsured drivers.

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