The average cost of car insurance varies widely from state to state. According to Forbes magazine, Maine is the cheapest state for auto insurance, with an average rate of 889 dollars per year. On the other hand, Louisiana is the state with the highest average insurance rate at 2,536 dollars per year. Overall, Americans can expect to pay between 1,100 and 1,500 dollars each year to insure their automobiles.
Although nobody likes to fork over their money for something that they hope they will never need, in the event that they end up in an auto accident, they will be grateful that they will not be ones to wind up paying thousands of dollars in damages. Still, we all want to find the best rates on the most comprehensive insurance we can afford, which means that we need to shop around.