North Dakota Has 3rd Lowest Auto Insurance Rates, Commissioner Says

North Dakota Insurance Commissioner Adam Hamm says drivers in his state are still paying among the lowest auto insurance premiums in the nation, according to the “Auto Insurance Database Report 2006/2007” recently issued by the National Association of Insurance Commissioners.

North Dakota’s 2007 average combined annual auto insurance expenditure of $657.63 is 28 percent lower than the national average of $911.84.

According to the report, the District of Columbia, Louisiana and New Jersey rank as the most expensive states for auto insurance. Iowa is the least expensive state, followed by Wisconsin and North Dakota. Combined coverage is the total cost of liability, collision and comprehensive coverage for a vehicle.

Average auto premiums in North Dakota’s neighboring states were as follows: Montana ($830.59); Minnesota ($803.14) and South Dakota ($668.98)0.

Topics Auto