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Source: Insurify
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Average Annual Cost of Full-Coverage Insurance (2024) ▲▼ |
Percentage Increase in 2024 ▲▼ |
Projected Annual Cost of Full-Coverage Insurance by the End of 2025 ▲▼ |
Projected Percentage Increase by the End of 2025 ▲▼ |
|
|---|---|---|---|---|
| MD | $4,060 | 53% | $4,255 | 5% |
| NY | $3,804 | 14% | $4,183 | 10% |
| DC | $3,399 | 24% | N/A | N/A |
| SC | $3,393 | 29% | $3,603 | 6% |
| FL | $3,166 | 9% | $3,484 | 10% |
| DE | $3,078 | 8% | $3,308 | 7% |
| NV | $2,973 | 1% | $3,214 | 8% |
| LA | $2,820 | 1% | $2,944 | 4% |
| CO | $2,815 | 26% | $2,878 | 2% |
| GA | $2,815 | 21% | $3,052 | 8% |
| MI | $2,742 | 4% | $2,915 | 6% |
| TX | $2,712 | 15% | $2,886 | 6% |
| CA | $2,575 | 48% | $2,732 | 6% |
| MN | $2,524 | 58% | $2,639 | 5% |
| NJ | $2,488 | 8% | $2,637 | 6% |
| CT | $2,443 | 18% | $2,600 | 6% |
| AR | $2,430 | 25% | $2,557 | 5% |
| RI | $2,425 | -1% | $2,487 | 3% |
| MS | $2,277 | 28% | $2,390 | 5% |
| VA | $2,276 | 33% | $2,345 | 3% |
| MO | $2,204 | 29% | $2,310 | 5% |
| KY | $2,171 | 10% | $2,288 | 5% |
| PA | $2,114 | 38% | $2,209 | 4% |
| OK | $2,043 | 18% | $2,094 | 2% |
| UT | $2,033 | 15% | $2,105 | 4% |
| WA | $2,001 | 5% | $2,125 | 6% |
| AZ | $1,973 | 10% | $2,063 | 5% |
| IL | $1,963 | 18% | $2,050 | 4% |
| KS | $1,940 | 10% | $1,977 | 2% |
| WV | $1,906 | 5% | $1,918 | 1% |
| NM | $1,900 | 13% | $1,900 | 0% |
| MT | $1,868 | 15% | $1,901 | 2% |
| OR | $1,811 | 23% | $1,857 | 3% |
| MA | $1,803 | 30% | $1,816 | 1% |
| SD | $1,759 | 0% | $1,838 | 4% |
| AL | $1,701 | 10% | $1,743 | 2% |
| WI | $1,681 | 22% | $1,730 | 3% |
| TN | $1,665 | 6% | $1,740 | 4% |
| NE | $1,663 | 14% | $1,734 | 4% |
| IN | $1,654 | 24% | $1,691 | 2% |
| IA | $1,582 | -5% | $1,640 | 4% |
| VT | $1,564 | 18% | $1,530 | -2% |
| HI | $1,494 | 9% | $1,481 | -1% |
| ID | $1,484 | 13% | $1,485 | 4% |
| WY | $1,474 | -3% | $1,506 | 2% |
| OH | $1,455 | 15% | $1,481 | 2% |
| NC | $1,269 | 14% | $1,339 | 6% |
| ND | $1,260 | -5% | $1,283 | 2% |
| ME | $1,213 | 1% | $1,229 | 1% |
| NH | $997 | -1% | $981 | -2% |
Car insurance rates vary widely across the U.S., with New Hampshire drivers paying an average of $997 annually for full coverage and Maryland drivers paying more than $4,000. Legislative changes, surges in vehicle thefts, rising accident rates, and climate risks influenced the high cost of car insurance in these states.
Average annual cost of full coverage: $4,060
Average premium change in 2024: 53%
Projected annual cost of full coverage by the end of 2025: $4,255
Maryland drivers now have the highest car insurance costs in the U.S., with an average annual full-coverage premium of $4,060. Insurance costs in the state skyrocketed by 53% in 2024. A surge in stolen vehicle claims may have driven some rate increases. Maryland car thefts rose by 63% in 2023, according to the National Insurance Crime Bureau (NICB).
State legislative changes are also fueling rate hikes. Maryland began requiring auto insurers to provide enhanced underinsured motorist coverage (EUIM) on July 1, 2024. Insurers must also pay diminished value claims (or the difference between a car’s value before and after an accident), increasing insurers’ financial responsibility, which they now have to account for when setting rates.
Average annual cost of full coverage: $3,804
Average premium change in 2024: 14%
Projected annual cost of full coverage by the end of 2025: $4,183
New York has historically had higher-than-average car insurance rates because its high population density increases the risk of accidents and losses for insurers. New York enacted a policy requiring car insurance companies to provide supplemental spousal liability coverage for all policies on Aug. 1, 2023, adding to insurers’ financial responsibility.
The 2024 Auto Insurance Consumer Relief Act waives a prior vehicle photo-inspection requirement. Previously, insurers had to suspend coverage for policyholders who didn’t meet the 14-day inspection timeline. The new policy could reduce New York’s share of uninsured motorists, which could reduce rates in the state, as a high rate of uninsured drivers can put upward pressure on premiums.
Average annual cost of full coverage: $3,399
Average premium change in 2024: 24%
Projected annual cost of full coverage by the end of 2025: N/A
Full coverage rates in Washington, D.C., rose by 24% in 2024, bringing the average annual cost to $3,399. Washington, D.C.’s vehicle theft rate is three times higher than the national average, and thefts increased by 64% in 2023, according to NICB data. Insurers factor in this higher claim risk when setting rates.
Hectic traffic patterns also contribute to the district’s high insurance costs. D.C. has the highest population density in the nation, according to the U.S. Census Bureau, increasing the odds of an accident. Traffic fatalities in the district increased by 41% between 2022 and 2023, according to National Highway Traffic Safety Administration (NHTSA) data.
Average annual cost of full coverage: $3,393
Average premium change in 2024: 29%
Projected annual cost of full coverage by the end of 2025: $3,603
South Carolina full-coverage premiums increased by 29% to an annual average of $3,393. Drivers in the state pay 46% more than the U.S. average of $2,313. South Carolina has the highest number of traffic fatalities per vehicle mile traveled, at 1.85 per 100 million miles, compared to the U.S. average of 1.33 deaths. The state’s fatal accident rate factors into insurance costs.
Insurance companies increasingly consider climate risk in their rate setting as destructive weather events become more frequent and severe. South Carolina’s high hurricane and tropical storm risk — and resulting vehicle damage, covered by comprehensive car insurance — could cause major losses for insurers, so they set rates accordingly.
Average annual cost of full coverage: $3,166
Average premium change in 2024: 9%
Projected annual cost of full coverage by the end of 2025: $3,484
Florida drivers pay an average of $3,166 annually for full coverage, or 35% more than the national average. Record-breaking financial losses in 2022 sent Florida’s struggling insurance market into a tailspin. The Florida insurance crisis is primarily affecting home insurance, but losses are pushing some car insurance companies to lower their exposure in the state.
The state also has a no-fault insurance system, meaning insurers pay personal injury protection (PIP) claims regardless of who’s at fault for an accident.
Insurance fraud is common in no-fault systems, which raises claims costs for insurers that increase rates to cover losses. Auto glass fraud in Florida increased by nearly 4,000% between 2011 and 2021, prompting legislators to pass a bill to address it in 2023.
Average annual cost of full coverage: $3,078
Average premium change in 2024: 8%
Projected annual cost of full coverage by the end of 2025: $3,308
The cost of full coverage in Delaware is 33% higher than the national average, at an annual rate of $3,078. High population density increases the chance of a car accident in Delaware, and insurers factor this risk into their rates.
Delaware doesn’t cap pain and suffering damages, which means insurer payouts in the state may be higher for severe or fatal accidents. Insurers also consider these losses when setting rates.
Average annual cost of full coverage: $2,973
Average premium change in 2024: 1%
Projected annual cost of full coverage by the end of 2025: $3,214
Nevada residents pay an annual average of $2,973 for full coverage, or 29% more than the national average. On average, Nevada drivers with full coverage saw a modest premium increase of 1% in 2024, but Insurify projects rates will rise by 8% in 2025, bringing the average annual cost to more than $3,200.
Car theft in Nevada surged by 18% in 2023, according to the NICB. Nevada has the third-most vehicle thefts per capita. Insurers consider vehicle theft risk when determining insurance rates, pushing up full-coverage costs in the state.
Average annual cost of full coverage: $2,820
Average premium change in 2024: 1%
Projected annual cost of full coverage by the end of 2025: $2,944
Louisiana drivers pay 22% more than the U.S. average for full-coverage car insurance, with an average annual cost of $2,820. But Louisiana’s median household income of $58,229 is 28% lower than the national average of $80,610, according to U.S. Census Bureau data, increasing the burden of rising insurance costs.
Louisiana is grappling with a growing insurance crisis fueled by the state’s severe weather risks. The crisis has mostly affected home insurance, but climate risk also affects car insurance losses and premiums.
Louisiana’s legislature passed multiple insurer-friendly reforms in recent years aimed at lowering rates by reducing excessive medical billing and imposing time limits on property damage claims. Those policies may be effective, as rates have fallen by 12% since mid-2024, and Insurify projects Louisiana insurance costs will rise by 4% in 2025, compared to 5% nationwide.
Average annual cost of full coverage: $2,815
Average premium change in 2024: 26%
Projected annual cost of full coverage by the end of 2025: $2,878
The cost of full coverage in Colorado increased by 26% in 2024, pushing the average annual rate to $2,815. Insurify projects rate hikes will slow to 2% in 2025 as insurers in the state remain more profitable than average.
Still, Colorado is the second most vulnerable state to hail damage, and insurers factor potential damage into their rates. Hail claims cost nearly 22% more than the average comprehensive claim, and hail damage repair costs have increased by 15% in the past three years, according to CCC Intelligent Solutions.
Average annual cost of full coverage: $2,815
Average premium change in 2024: 21%
Projected annual cost of full coverage by the end of 2025: $3,052
Georgia’s full-coverage costs are 22% higher than the national average, at $2,815 annually. Average rates in Georgia increased by 21% in 2024, but rate hikes slowed in the second half of the year, according to Insurify data.
On July 1, 2023, Georgia ended its file-and-use provision that allowed insurers to implement rates immediately after filing. The new legislation gives Georgia’s insurance commissioner 60 days to review rate filings, which helps curb exorbitant rate hikes.
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