InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index — a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb ranked all 50 states and Washington D.C. according to affordability factor. A state’s affordability factor is determined by dividing its median household car insurance rate by its median household income. The lower the factor, the less a typical family in that state tends to spend on car insurance relative to its budget.
10 MOST affordable states:
- Massachusetts
- New Hampshire
- Vermont
- Minnesota
- Utah
- Nebraska
- Hawaii
- Indiana
- North Carolina
- Virginia
10 LEAST affordable states:
- Louisiana
- Oklahoma
- Missouri
- Washington D.C.
- New York
- West Virginia
- New Mexico
- Kentucky
- Arizona
- Florida
Topics Auto
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