Pages

Labels

Wednesday, October 12, 2005

Iowa leads nation in lowest auto insurance premiums

DES MOINES, Iowa Iowa tops the list when it comes to paying the least for auto insurance.



According to the National Association of Insurance Commissioners, the average annual premium in Iowa in 2003 was 679 dollars. That's nearly a-third less than the national average of 939-dollars and just half of what drivers pay in the costliest state -- New Jersey.



It's the fifth year that Iowa has been ranked lowest.



Officials at the Iowa Insurance Division cite low population density, traffic enforcement and good roads as some of the many reasons behind the state's best-of-show ranking.



Even with the lowest cost, Iowa drivers are paying more because premiums have increased 25 percent in five years. Nationally, rates rose about 20 percent during the same time.

0 comments:

Post a Comment