Car Insurance Rates In New York Among Nation’s Highest: Survey

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New York has the most expensive car insurance rates of 47 states surveyed in a recent study by WalletHub, a consumer finance Web site.

“Car insurance rates are influenced by geography,” said Jill Gonzalez, a WalletHub analyst. “Typically, states with more people who live in concentrated urban areas … have higher insurance rates.”

She added that “insurance rates are also tied to median income levels, since they sometimes cover lost wages from injuries, among others. This is why many Northeastern states have more expensive car insurance.”

The average New York driver pays about $1,200 a year, with downstate higher and upstate lower.

Read more at NY POST.

{Matzav.com}

3 COMMENTS

  1. AOC doesn’t care.
    Now they want to give drivers license to all illegal immigrants. That will only drive the price even higher.

  2. Homeowner’s insurance is also highest in the nation. I pay under $700 per year for full coverage in Los Angeles on a nearly 2 million dollar house and I pay $3400 per year for the same coverage in New York on a $900,000 house. Why?

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