Connecticut Car Insurance Costs 23rd Lowest In Nation

by Categorized: Auto Date:

Connecticut ranks a middle-of-the-pack 23rd in insurance costs, with a median of $1,984 per year, according to a data released Monday by Bankrate’s

The average Connecticut household pays 2.44 percent of its annual income for car insurance, according to the study. Michigan, at 8 percent of annual median household income, pays the most for car insurance. Louisiana (5 percent) is next, followed by  Kentucky (4.548 percent), West Virginia (4.239 percent) and  Mississippi (4.045 percent).

Some of the lowest percentages of annual income devoted to car insurance were in New England, with Massachusetts (1.434) at No. 51, New Hampshire (1.988) at No. 45 and Maine (1.993) at No. 42.

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