According to the latest data from Insurance.com’s RateWatch, 5 states had monthly rate discounts greater than 5% during February 2010. Average premiums for those states are shown below.
- New Hampshire … US$1,280 (down 13.8% from January 2010)
- Wyoming … $1,563 (down 9.5%)
- Montana … $1,622 (down 6.3%)
- North Dakota … $1,346 (down 5.2%)
- Indiana … $1,428 (down 5%).
The U.S. car insurance industry is so competitive that rates can fluctuate dramatically from one month to the next. Therefore, this analysis focuses on the top 10 states with the greatest automobile insurance discounts compared to:
- Average rates for a specific state in January 2009
- US national average premium of $1,836 for February 2010.
States with Greatest Premium Discounts
Listed below are states with the largest percentage discounts compared to average quotes in January 2009.
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