CarLoansLouisana.com Reports LA is Most Expensive State for Auto insurance
Surprisingly, the Pelican State is the most expensive state when it comes to auto insurance with the average policy costing nearly $1300 per year.
(EMAILWIRE.COM, February 04, 2012 ) New Orleans, LA -- Louisiana, a state not known for the wealth of its citizens, is, according to the National Association of Insurance Commissioners, America’s most costly when it comes to insuring private vehicles. The NAIC recently released figures showing that the state was the most expensive for the last two years for which data is available, 2008 and 2009.
The average auto policy with collision, comprehensive and liability coverage was around $1,270 in the Pelican State in 2009.
The NAIC also provided data that provides insight into why Louisiana wears the most-expensive auto insurance crown. The primary cause of the high cost seems to be the sheer number of claims the state’s citizens make. While the national average is for one out of every 103 policyholders to file a claim a year, in Louisiana that average is one-in-46.
Also, the state has the highest rate of bodily-injury claims in the country. Moreover, it had the third, sixth and sixth highest rates of claims for collision coverage, comprehensive coverage and property damage liability respectively.
About CarLoansLouisiana.com:
At Car Loans Louisiana, users in need of auto loans in Baton Rouge and across LA can find a lender ready and willing to finance them, even if their credit has seen better days.
The average auto policy with collision, comprehensive and liability coverage was around $1,270 in the Pelican State in 2009.
The NAIC also provided data that provides insight into why Louisiana wears the most-expensive auto insurance crown. The primary cause of the high cost seems to be the sheer number of claims the state’s citizens make. While the national average is for one out of every 103 policyholders to file a claim a year, in Louisiana that average is one-in-46.
Also, the state has the highest rate of bodily-injury claims in the country. Moreover, it had the third, sixth and sixth highest rates of claims for collision coverage, comprehensive coverage and property damage liability respectively.
About CarLoansLouisiana.com:
At Car Loans Louisiana, users in need of auto loans in Baton Rouge and across LA can find a lender ready and willing to finance them, even if their credit has seen better days.
Contact Information:
Car Loans Louisiana
PR Dept
Tel: 9102086761
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Car Loans Louisiana
PR Dept
Tel: 9102086761
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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