5 States Where Car Insurance Costs The Least

In this article, we are going to look at the 5 states where car insurance costs the least. If you want to read more about the lowest car insurance rates by state and check out our detailed analysis of the motor insurance market in the US, you can go to 20 States Where Car Insurance Costs The Least.

5. Idaho

Average Full Coverage Insurance Cost: $114

Average Liability Insurance Cost: $51

Idaho is a northwestern US state that is known for its mountainous landscapes. It ranks among the top 5 on our list of states where car insurance costs the least. As of 2023, the state’s average monthly rate for full coverage insurance is $114. The average monthly rate for liability insurance in Idaho is $51.

4. North Carolina

Average Full Coverage Insurance Cost: $114

Average Liability Insurance Cost: $49

North Carolina is a southeastern US state that ranks among the top 10 most populated states, despite being the 28th largest in terms of size. In North Carolina, the monthly average full coverage insurance cost is $114, while the average liability insurance cost is $49 per month.

3. New Hampshire

Average Full Coverage Insurance Cost: $109

Average Liability Insurance Cost: $47

New Hampshire, defined by its quaint towns, is one of the smallest states in the US in terms of size. It ranks among the top 3 on our list of states where car insurance costs the least. As of 2023, the average monthly rate for full coverage insurance is $109 in New Hampshire. The average monthly rate for liability insurance in the state is $47.

2. Vermont

Average Full Coverage Insurance Cost: $95

Average Liability Insurance Cost: $35

Vermont, in the northeastern US, is the second least populated state in America. While Vermont ranks second on our list of states where car insurance costs the least, it has the lowest average monthly rates for liability coverage, at $35 per month. The average monthly rate for full coverage insurance is $95 in the state of Vermont.

1. Maine

Average Full Coverage Insurance Cost: $93

Average Liability Insurance Cost: $41

Maine tops our list as the state where car insurance costs the least. According to the most recently reported data, the average monthly rate for full coverage insurance in the state is $93. Maine also has a low average monthly rate for liability coverage, at $41 per month.

You can also take a look at 15 Worst States to Retire on Social Security and 20 Countries With The Highest Inflation in 2023.