Hamm: North Dakotans ranked third least expensive auto insurance premium nationwide
Posted on 1/3/2011
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 2007/2008" recently issued by the National Association of Insurance Commissioners.
"North Dakota's auto insurance market continues to be very competitive and healthy, and that is a benefit to our state's consumers in the form of lower insurance premiums," Hamm said.
North Dakota's 2008 combined average auto insurance premium of $644 is significantly lower than the national average of $903. According to the report, Iowa is the least expensive state, followed by Wisconsin and North Dakota. Louisiana, the District of Columbia and New Jersey rank as the most expensive locations for auto insurance. Combined coverage is the total cost of liability, collision and comprehensive coverage for a vehicle.
Average combined auto insurance expenditures-2008
Least expensive 51. Iowa ($616) 50. Wisconsin ($641) 49. North Dakota ($644)
Most expensive 1. Louisiana ($1,275) 2. District of Columbia ($1,262) 3. New Jersey ($1,198)
Neighboring states 26. Montana ($829) 35. Minnesota ($780) 48. South Dakota ($651)