Minnesota Is Way Down the List of National Insurance Rates

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.