2022 is proving to be an expensive year for many, with those with private cars being hit hard by inflation. Through 2022, operating costs are steadily increasing. According to a recent report from AAA, in 2022 the annual price to own and operate a vehicle will exceed $10,000 for the first time. That’s an increase of about $90 per month starting in 2021.
Soaring gas prices, soaring car repair costs, and soaring car insurance premiums are causing many drivers to panic and try to keep driving.
Of course, car insurance costs vary from person to person, but one of the biggest determinants of insurance premiums is where the insured lives. According to Insurify’s 2022 Auto Insurance Trends Report, drivers living in densely populated urban areas are at higher risk of living in densely populated areas, with more traffic and crime. They tend to pay about 15% more for car insurance than rural drivers. price.
Cities where drivers paid the most for auto insurance on average in 2022 were Detroit, Michigan ($4,593 annually), New York City ($3,657), Warren, Michigan ($3,098), New Orleans, Louisiana ($3,098), and Georgia. It was the state of Lithonia ($3,098). ).
Factors such as declining vehicle theft and vandalism rates, warmer weather, and less traffic can make the region a favorable place to lower auto insurance premiums. Insurify reports that the US cities with the most affordable average annual rates are Honolulu, Hawaii ($768), Winston-Salem, North Carolina ($820), Raleigh, North Carolina ($929), and Greensboro, North Carolina. ($950), Durham, NC. Carolina ($972).
In the slideshow above, we look at the 10 states where drivers spent the most on auto insurance through 2022.