Expensive auto insurance in Georgia
The rates of auto insurance start getting cheaper once people start moving to the states of Mexico, Oregon, Missouri and Illinois. The state of Georgia has the eighth highest rate of car insurance in entire United States. People who drive their own cars in the state of Georgia have to pay an amount of $1751.42 every year to get the required amount of auto insurance. On an average people living all over the United States will pay an annual amount of $1429.26 for their car insurance. The average auto insurance premium in Maine is $902.85 every year while in Louisiana it is $1751.42 in every year.
There are many different factors which will influence the rates of auto insurance in every state. Details of different insurance policies like health insurance, life insurance, disability insurance and auto insurance will affect the rates of car insurance apart from the rates which are being prescribed by the trading companies. But these statistics and numbers should not be compared with the numbers which have been stated by the National association of Insurance commissioners or NAIC. This is a body which has been assigned with the task of finding out the amounts which are being spent by people belonging to different states on different types of insurance. These figures are calculated irrespective of the kind of insurance which has been purchased.
John Oxendine who is the insurance commissioner in Georgia has stated that the NAIC has set the standards and benchmarks which should be followed. Such statistics which have been compiled by the NAIC have been used in the year 2007. According to them, the average cost of the auto insurance policy is $782. Georgia is the eighth most thickly populated state in the United States. The average cost of an auto insurance policy in the state of Illinois is $723 in a year. But the probability of the car being stolen or the person dying in a car accident is much higher in the state of Georgia. A lot of attorneys in the state of Georgia work on cases where a car crash is involved. But this is a very rare occurrence in the state of Illinois.
John Oxendine states the rates of auto insurance in one large state should only be compared with the auto insurance rates in some other large state. The rates of auto insurance in Georgia are much higher than those in the states of Mississippi, Wyoming as well as Wisconsin. Wyoming is not a very thickly populated area. The average rate of auto insurance has been calculated taking into account 2400 vehicles based on ten zip codes in every state. There are many other factors which influence the rates of auto insurance in every state.