New York, NY (PRWEB) October 17, 2012
The cost on auto insurance alone is not a sufficient factor to represent the affordability on auto insurance. Insurance Calculator Inc. releases a beautiful and detailed infographic explaining how the affordability on auto insurance is better presented when comparing the average household income and the average insurance premium per state. "The state of New Jersey has the highest cost on insurance premium - average of $2,502.00 a year. However, when we look at the average household income in New Jersey, the financial burden on auto insurance is not the highest throughout the United States," said Stephanie Vettaikam, VP of Marketing at Insurance Calculator Inc.
The Top 10 Most Expensive States on Auto Insurance
(from just looking at the cost on insurance premium)
1. New Jersey
2. District of Columbia
3. New York
4. Rhode Island
5. Delaware
6. Maryland
7. Louisiana
8. Connecticut
9. Michigan
10. Alaska
The Top 10 Most Expensive States on Auto Insurance
(based on the financial burden of auto insurance with respect to the average household income)
1. District of Columbia
2. New York
3. Rhode Island
4. Louisiana
5. New Jersey
6. West Virginia
7. Michigan
8. Oklahoma
9. Delaware
10. Connecticut
The Top 10 Most Affordable States on Auto Insurance
(based on the financial burden of auto insurance with respect to the average household income)
1. Iowa
2. Massachusetts
3. Virginia
4. Wisconsin
5. Illinois
6. Idaho
7. Utah
8. New Hampshire
9. North Dakota
10. Ohio
To see the infographic, visit: Infographic - Affordability on Auto Insurance in the United States