Hamm: North Dakotans paying among the lowest auto insurance premiums in the nation
Posted on 1/8/2010
BISMARCK, N.D.-Insurance Commissioner Adam Hamm announced today that North Dakotans are still paying among the lowest auto insurance premiums in the nation. This is according to the "Auto Insurance Database Report 2006/2007" recently issued by the National Association of Insurance Commissioners.
"This is very good news for North Dakotans," Hamm said. "This ranking is consistent with previous reports and shows that the auto insurance market in North Dakota continues to be healthy and competitive."
North Dakota's 2007 average combined annual auto insurance expenditure of $657.63 is 28 percent lower than the national average of $911.84. According to the report, the District of Columbia, Louisiana and New Jersey rank as the most expensive states for auto insurance. Iowa is the least expensive state, followed by Wisconsin and North Dakota. Combined coverage is the total cost of liability, collision and comprehensive coverage for a vehicle.
Average combined auto insurance expenditures-2007
Most expensive 1. District of Columbia ($1,288.52) 2. Louisiana ($1,262.13) 3. New Jersey ($1,227.62)
Least expensive 51. Iowa ($620.08) 50. Wisconsin ($642.47) 49. North Dakota ($657.63)
Neighboring states 26. Montana ($830.59) 33. Minnesota ($803.14) 48. South Dakota ($668.98)