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Poolman Announces North Dakotans Spend the Least on Auto Insurance in the Nation
 
FOR IMMEDIATE RELEASE Contact: Jim Poolman
December 1, 2006 701-328-2440


Bismarck, ND - Insurance Commissioner Jim Poolman announced today that according to a recent report, North Dakota ranked the lowest in the country for combined average auto insurance expenditures. The report, which is issued by the National Association of Insurance Commissioners (NAIC), is titled "State Average Expenditures & Premiums for Personal Automobile Insurance in 2004".

Poolman said, "This is great news for auto insurance consumers in North Dakota and is consistent with previous years' reports. Our low rates show that the auto insurance marketplace in North Dakota is competitive and healthy."

According to the report, the combined average policy in North Dakota costs $562.45 per year, while the nationwide average is $837.86. Combined coverage is the total cost of liability, collision, and comprehensive coverage for a vehicle. 

Average Auto Insurance Expenditures ~ 2004

Most Expensive
New Jersey ~ $1,221.08 ~ (1)
District of Columbia ~ $1,184.63 ~ (2)
New York ~ $1,171.62 ~ (3)

Neighboring States 
Minnesota ~ $829.33 ~ (21)
Montana ~ $683.18 ~ (37)
South Dakota ~ $586.96 ~ (49)

Least Expensive 
North Dakota ~ $562.45 ~ (51)
Iowa ~ $579.95 ~ (50)
South Dakota ~ $586.96 ~ (49)

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North Dakota Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
Phone 701.328.2440
Toll free 800.247.0560
Fax 701.328.4880

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