What City Pays Most For Auto Insurance?
Average annual insurance premiums vary from nearly $5,200 in Detroit, Michigan to under $760 in Roanoke, Virginia, according to the latest analysis by Runzheimer International. Runzheimer, a Wisconsin-based vehicle costing and management consulting firm, found that the average driver in Detroit pays almost $5,200 a year for auto insurance, compared to the least-expensive city, Roanoke, Va., where premiums average $758 a year.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.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.Most Expensive Cities1. Detroit, $5,162 annual average2. Philadelphia, $4,1423. Newark, N.J., $3,4824. Los Angeles, $3,2255. New York City, $3,127 Least Expensive Cities1. Roanoke, Va., $7582. Wapakoneta, Ohio, $8713. Chattanooga, Tenn., $9114. Green Bay, Wis., $9485. Raleigh, N.C., $949