Almost all states require motorists to carry car insurance to be able to operate a vehicle legally. The only exception is New Hampshire. If you’re caught driving without insurance, you can be slapped with a hefty fine and have your future eligibility for obtaining coverage affected.
However, although there are certain similarities, the types of coverage required vary in each state. The table below details the most common types of policies drivers need to take out, according to the Insurance Information Institute (Triple-I).
Why is car insurance so expensive?
Whether your car insurance rates will be cheaper or more expensive depends on the risks you present as a driver. To determine how much a motorist should pay in premiums, car insurers look at a range of factors, including:
- A person’s age
- A person’s gender
- Where a person lives
- A person’s driving record
- Mileage
- Vehicle type
- A person’s credit rating
- Level of coverage
Here’s an estimate of how much the average annual premiums cost from the top 10 car insurance providers in the US. Your rates may be significantly higher or lower depending on a range of risk factors, including those listed above.
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