Not only is Michigan home to the Detroit Three automakers, it’s also state that sees drivers charged more for auto insurance than any other in the United States, according to a new study.
The average cost of car insurance in Michigan is $2,738 a year: more than double the national average of $1,325. It marked the third year in a row that the Wolverine state took top “honors,” and according Insure.com, which put together this year’s survey, it’s unlikely to change anytime soon.
“The factors that cause Michigan to be the most expensive aren’t likely to change any time soon,” said Penny Gusner, insurance analyst for Insure.com. Michigan has been in the top five for the last six years. (more…)