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 Cities
1. Detroit, $5,162 annual average
2. Philadelphia, $4,142
3. Newark, N.J., $3,482
4. Los Angeles, $3,225
5. New York City, $3,127
Least Expensive Cities
1. Roanoke, Va., $758
2. Wapakoneta, Ohio, $871
3. Chattanooga, Tenn., $911
4. Green Bay, Wis., $948
5. Raleigh, N.C., $949
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