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Nevada ranked the country’s second highest car insurance interest rates.
Car insurance fees have been soaring for years and 2024 is no different.
Made a opponent report This week, car insurance costs rose 15% last year, and US drivers have now dropped an average of $ 2,313 a year to complete coverage.
Car insurance fees continue to soar in the United States (Sunny Tsai / Fox News)
Here, where drivers paid for the full collateral for full cover in 2024:
Maryland – $ 4,060 with 53%
Traffic on Interstate 95 (I-95), Baltimore, Maryland, Thursday, April 4, 2024. (Photographer: Nathan Howard / Bloomberg with the help of Getty Images / Getty Images)
“Maryland’s car insurance fees are usually influenced by large population centers such as Baltimore and its proximity to Washington DC“Betsy Stella, Vice-President of Carriers’ Management and Operations, told Fox Business.” As urban areas often experience higher demand frequencies due to congestion and traffic -related events, state insurers adjust according to the increased risk. “
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New York – $ 3,804, 53% higher
New York drivers jumped 53% to their car insurance last year. (Gary Hershorn / Getty Images / Getty Images)
“New York He saw slower regulatory approval for interest rates, which was a greater challenge for insurers to keep up with increasing loss costs. “Stella explained.” As a result, the state’s interest rate adjustments are more influenced by inflationary pressures that influenced the insurance that influenced the insurance that influenced the insurance. Industry has been in recent years, not immediate changes in the frequency of claims. “
Columbia district – 3,399 USD, 24% higher
Traffic on Washington DC, North Capitol Street. (Photo: Bill O’Leary / The Washington Post on the Getty Images / Getty Images page)
“Like Maryland Washington, the DC city environment contributes to higher car insurance fees, as the frequency of claims in densely populated areas is incomprehensible,” Stella said. “Insurers must take into account the increased risk of traffic accidents in this region, which will lead to adjustment of local drivers’ fees.”
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South Karolina -$ 393, 29%
Myrtle Beach, South Karolina (Photo: Sean Rayford / Getty Images / Getty Images)
Stella said that South CarolinaThe most significant factors that cause car insurance fees are inflationary pressure and increasing repair costs.
“As components and labor costs continue to increase, insurers need to change interest rates to maintain profitability while providing proper cover for bond owners,” he said.
Florida – $ 3,166 with 9%
Miami, Florida (Joe Raedle / Getty Images) / Getty Images)
“The Florida car insurance market is influenced by a number of factors, including the growing population and the higher frequency of severe claims,” Stella said, adding that the increasing costs of inflationary pressure and repairs have further increased the proportions in the state.
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“In addition,” the woman said, the state’s vulnerability against weather events –such as hurricanes—The also plays a role in the increasing cost of car insurance. “
