It is amazing to see the difference in prices for auto insurance. This study by Runzheimer shows that rates can vary by more than $5,000 between cities for an average car and driver. Runzheimer International is a Wisconsin-based vehicle costing and management consulting firm.
At $5,162 per year for insurance coverage for a mid-size sedan driven within a 50-mile radius of the city, Detroit-areas drivers pay approximately $4,400 more a year than similar drivers in Roanoke, Virginia who pay only $758 for the same coverage. These rates are based on both male and female drivers over a minimum age with clean driving records and include comprehensive, collision, bodily injury, property damage, and uninsured motorist coverage.
Philadelphia and Newark also represent expensive locations for insurance coverage at $4,142 and $3,482, respectively. Los Angeles at $3,225 and New York City at $3,127, round out the Five Most Expensive Cities list (See attached table).
Other areas, in addition to Roanoke, are insurance bargains. The same driver, driving the same vehicle in Wapakoneta, Ohio pays only $871 for this all-inclusive coverage. In Chattanooga, Tennessee, vehicle owners pay $911; in Green Bay, Wisconsin, $948; and in Raleigh, North Carolina, $949.
Makes me real glad to live in rural Washington state! I don’t have the numbers for here but would guess them to be in the the under $1,000 range.