10 Most, Least Affordable States for Car Insurance

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:

1. Massachusetts
2. New Hampshire
3. Vermont
4. Minnesota
5. Utah
6. Nebraska
7. Hawaii
8. Indiana
9. North Carolina
10. Virginia

10 LEAST affordable states:

1. Louisiana
2. Oklahoma
3. Missouri
4. Washington D.C.
5. New York
6. West Virginia
7. New Mexico
8. Kentucky
9. Arizona
10. Florida

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