Low Cost Insurance State
California may have some of the worst traffic in the country, the highest living cost and sport one of the highest average per gallon gas cost, but when it comes to auto insurance, it is one of the lowest in the country per median income.
With the laws differing for insurance in each state, it is easy to see why there are such swings in household cost for insurance. Other factors that play into the cost of insurance are the fraud and accident rates of the specific area. In states like Florida, the fraud rate is so high that many insurance companies are weary to write insurance. To combat the fraud issue, the state will put together Insurance Department Fraud Teams whose one job is to be in the community working with consumers and insurance companies to find and shut down fraud rings.