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Mike Bryant
Mike Bryant
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Minnesota Is Way Down the List of National Insurance Rates

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The new numbers are out and Minnesota has dropped one and is now 27th nationally in cost of automobile insurance. Why is that important? Because I keep hearing from the insurance talking heads that Minnesota:

  • That rates are out of control.
  • That no fault is killing the consumer.
  • That fraud is all over the place.

They always say these things with no support. At best, they speak of broad conspiracy that would make the writers of the X Files blush.

Here are the facts from Insured.com

1. Louisiana – $2,699

2. Michigan – $2,520

3. Georgia – $2,155

4. Oklahoma – $2,074

5. Washington, D.C. – $2,006

6. Montana – $1,914

7. California – $1,819

8. West Virginia – $1,816

9. Rhode Island – $1,735

10. Kentucky – $1,725

11. Connecticut – $1,723

12. New Jersey – $1,697

13. Alabama – $1,667

14. Missouri – $1,638

15. Massachusetts – $1,625

16. Pennsylvania – $1,604

17. Delaware – $1,586

18. Hawaii – $1,583

19. Texas – $1,545

20. Arkansas – $1,545

21. Maryland – $1,528

National average – $1,510

22. North Dakota – $1,501

23. Wyoming – $1,496

24. Alaska – $1,455

25. Utah – $1,438

26. Kansas – $1,435

27. Minnesota – $1,432

28. New Mexico – $1,431

29. Tennessee – $1,408

30. South Dakota – $1,397

31. Oregon – $1,387

32. Nebraska – $1,384

33. New York – $1,369

34. Florida – $1,364

35. Mississippi – $1,345

36. Nevada – $1,341

37. Virginia – $1,322

38. Illinois – $1,322

39. South Carolina – $1,288

40. Colorado – $1,271

41. Wisconsin – $1,228

42. Arizona – $1,227

43. Washington – $1,226

44. Indiana – $1,183

45. Vermont – $1,176

46. Idaho – $1,133

47. New Hampshire – $1,112

48. Ohio – $1,106

48. North Carolina – $1,085

50. Iowa – $1,028

51. Maine – $934

As usual, their numbers don't add up. Even as one of the few No fault states they are doing really well.