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The (NAIC) reported that the country's car insurance average rate declined for about 3% in 2007 compared to the average of the previous year.
Its study is to track all the 50 states and Columbia District's average insurance premiums for automobile insurance policies. The latter had the highest nationwide rating in 2007 which it constantly held through for many years since the data tracking conducted by NAIC began.
The state of Washington, D.C. decreased its rate by 2% in 2007 which brought good impact to its area drivers. Columbia District's average rate pegged at $ 1139.82. The following are the top five countries that have the highest average car insurance rates by state: New Jersey is ranked as the most expensive average of auto insurance rate followed by Washington D.C. at 1103.53 which dropped 4% percent from the last year. Louisiana made it to the third spot followed by Florida and New York took the last top spot as the fifth. There were two other states which also had an average car insurance rates by state of more than a $1000 per annum for their in-state car premiums of insurance.
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