Where does your state rank? Insure.com recently ranked all 50 states based on average annual car insurance premium in 2012. Way at the bottom of the list, the lowest average premium was $934; meanwhile the most expensive state averages at almost triple that amount with an average annual premium of $2,699.

To figure out the average annual premium for each state, Insure.com commissioned Quadrant Information Services to provide auto insurance rates for more than 750 car models from Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm in 10 ZIP codes per state. Rates were then averaged for all vehicles in each state to create the rankings.

A number of factors go into pricing car insurance, and those factors vary even more from state to state. According to Barbara Marquand, some of those factors include the number of insurers competing for business, driving conditions, the portion of drivers who are uninsured, and the way state insurance systems are set up.

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