A report from the National Association of Insurance Commissioners finds that New Jersey remains the most expensive state for auto insurance, with Washington, D.C. edging out New York for the number two spot.
The report–the "2003/2004 Auto Insurance Database Report"–provides average costs for personal automobile insurance nationwide.
The 2004 average price for auto insurance coverage for New Jersey drivers was $1,221. With collision and comprehensive, the average price was $1,386.
In the District of Columbia, the average cost was $1,185. With collision, the price rose to $1,347.
For New York residents, the average cost was $1,172, and with collision and comprehensive the cost was $1,324.
Nationwide, the average cost of insurance was $838, and with collision and comprehensive it came to $960.
The least expensive average cost for insurance was in North Dakota at $562. With collision and comprehensive, Iowa was the least expensive at $686.
Covered in the report, the NAIC said, is a wide range of data including average premiums and expenditures, bodily injury liability, property damage liability, combined single limits liability, personal injury protection, medical payments, uninsured and underinsured motorists, crime, auto repair costs, state laws, and other data.
Both the voluntary and residual market for 2000 to 2004 are included in the report.
The Kansas City, Mo.-based association said variances in state laws can make comparison between states difficult.
The 254-page report is available for purchase through the NAIC's Web site at www.naic.org under INSPub on its NAIC Store link.
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