Why such high insurance?
By Automotive News Oct 8, 2017
|Comments||High-mileage driver’s premium in most expensive city*|
Most comprehensive no-fault system; 21% of drivers uninsured; personal injury protection has unlimited lifetime medical benefits
No-fault state; mandatory $10,000 personal injury protection; 24% of drivers uninsured; highest car-insurance fraud rate in U.S.
High accident rates; rising fraud; population density
|Louisiana||Natural disasters, generous claim settlements; some of the worst-maintained roads in U.S.; ability to sue insurance companies directly; even Geico rates are double that in other states||$3,350, New Orleans|
|New York||No-fault state; traffic, population density||$3,174, New York|
*Assumes a traffic record of 1 speeding ticket, not-at-fault collision and business-use insurance
Source: CarData Consultants Inc.