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New York, NY (PRWEB) August 07, 2012
InsuranceQuotesUSA.com, part of the Insurance Quotes USA Finance network, is an all-in-one stop for news, money-saving tips, and quotes on car insurance. The company has conducted extensive research, public surveys, and data analysis on the average cost of car insurance and average annual household income in every state across the United States. "We believe the results from this research will change consumers' perspective on the cost and affordability on car insurance," said Eric, Senior Advisor of InsuranceQuotesUSA.com. "In addition, this research will be a good reference guide for consumers so they know what to expect in different states across the nation."
Study reveals the following states with the highest cost on car insurance: (State / Average annual car insurance premium)
1. New Jersey ($2,502.00)
2. District of Columbia ($2,329.00)
3. New York ($2,307.00)
4. Rhode Island ($2,298.00)
5. Delaware ($2,225.00)
6. Maryland ($2,169.00)
7. Louisiana ($2,102.00)
8. Connecticut ($2,053.00)
9. Michigan ($2,032.00)
10. Alaska ($1,925.00)
"When it comes to finding the affordability on car insurance, the cost alone is not a sufficient factor to justify it," said Eric. "We have to compare the average cost on car insurance with the average household income to determine the affordability on car insurance"
Study reveals the following states with the highest car insurance premium to household income ratios:
1. District of Columbia (5.50%)
2. New York (5.41%)
3. Rhode Island (5.23%)
4. Louisiana (4.76%)
5. New Jersey (4.70%)
6. West Virginia (4.70%)
7. Michigan (4.28%)
8. Oklahoma (4.01%)
9. Delaware (4.01%)
10. Connecticut (3.99%)
For more information on the report, please visit: Auto Insurance Premium to Household Income Ratio Per State
When looking for auto insurance, InsuranceQuotesUSA.com recommends consumers to be aware of the top-rated insurance companies in different regions within the United States and approach them first.
InsuranceQuotesUSA.com offers a fast, secure, and easy to use platform which allows consumers to compare quotes from multiple companies at the same time. "Consumers can compare and save more than $800 on car insurance with us," Eric continued. "We had one individual who managed to save over $828 on a new policy with similar coverage."
About the Insurance Quotes USA Network
The Insurance Quotes USA (IQUSA) network currently has 4 web properties within the network - InsuranceQuotesUSA.com, AffordableInsurancePlans.com, InsuranceCalculator.net, and PropertyInsuranceCoverage.com. Each website serves a unique purpose for consumers in the United States. With the company's I.Q.U.S.A. service model - Instant insurance quotes, Quotes from multiple companies, Unbeatable coverage types, Smooth user experience, and Affordable policy rates - the company aims to build a strong online presence in the insurance industry through new domain acquisitions and development. In addition to car insurance, the IQUSA network also provides home, health, life, business, and travel insurance quotes.
How does InsuranceQuotesUSA.com work? When a zip code is entered, the system automatically determines the location of the zip code, connects with insurance providers in the specific area, and then displays quotes from multiple companies on the screen. The entire process completes in a matter of seconds. Compare and save money on affordable insurance plans today.