New Jersey the Most Expensive State for Auto Insurance

The National Association of Insurance Commissioners (NAIC) has released its 2011/2012 Auto Insurance Database Report, including calculations for average annual auto insurance premiums for all 50 U.S. states and the District of Columbia. The NAIC Property and Casualty Insurance Committee directed the Casualty Actuarial and Statistical Task Force to develop the report, which is intended to help states assess their insurance markets. The national average auto insurance premium is $927.58, and all of the most expensive states for auto insurance have average premiums that are higher than that.

#1 – Ventnor City NJ…. combined average premium costs in 2012 = $1,334.54
#2 – Washington DC… combined average premium costs in 2012 = $1,289.49
#3 – New Orleans LA… combined average premium costs in 2012 = $1,275.10
#4 – New York City, NY…. combined average premium cost in 2012 = $1,273.27
#5 – Orlando, FL… combined average premium costs in 2012 = $1,196.02
#6 – Providence, RI… combined average premium costs in 2012 = $1,176.01
#7 – Detroit, Mich…. combined average premium costs in 2012 = $1,171.94
#8 – Wilmington Del…. combined aveage premium cost in 2012 = $1,153.59
#9 – Hartford, Conn. ….. combinde average premium cost in 2012 = $1,082.05
#10 – Towson, Maryland…. combined average premium cost in 2012 = $1,056.71

We were surprised that no California cities made this list. How different do you think this list will be in the years to come?