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.
