Thursday, December 21, 2006

N.C. auto insurance rates among lowest

Auto insurance rates in North Carolina are the fifth-lowest in the country, according to a report by the National Association of Insurance Commissioners.

The report compares the costs of personal automobile insurance in all 50 states and the District of Columbia, based on 2004 data.

North Carolina is one of only two states east of the Mississippi River to rank among the 10 with the lowest rates.

The four states with lower auto insurance rates than North Carolina's are North Dakota, Iowa, South Dakota and Idaho, respectively. Kansas, Wyoming, Wisconsin, Nebraska and Maine rounded out the top 10, in that order.

The NAIC estimates the average annual auto insurance premium for North Carolina drivers is $597.

North Carolina's neighboring states ranked as follows: Tennessee, No. 11; Virginia, No. 18; South Carolina, No. 27; and Georgia, No. 28.


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