Evelyn PimplaskarEditor-in-Chief, Director of Content
10+ years in insurance and personal finance content
30+ years in media, PR, and content creation
Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
John leads Insurify’s copy desk, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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Across the country, car insurance rates rose by 15% in 2024, but some states saw much steeper increases. In all, five states experienced hikes of more than 30% last year, according to a new report from the insurance-comparison website Insurify.
Climate change, escalating accident and vehicle theft rates, and insurance legislation contributed to the sharp rises in car insurance costs in Minnesota, Maryland, California, Pennsylvania, and Virginia.
Where rates surged the most in 2024
States where rates climbed the most had one thing in common in 2024 — they all experienced circumstances that increased costs for insurance companies. Insurers typically pass higher costs on to drivers in the form of higher rates.
Minnesota drivers experienced the largest increase, with car insurance rates rising 58% since the end of 2023. Multiple severe storms, heavy rainfall, and record-breaking hailstones in Minnesota resulted in more claims.
Close behind Minnesota was Maryland — currently the most expensive state for full-coverage car insurance. Maryland’s rates ballooned by 53%, pushing the state average to $4,060 per year. Severe weather with golf- and tennis-ball-sized hailstones contributed to the increase. Maryland also began requiring drivers to carry a higher level of uninsured motorist coverage in July 2024.
Climate-related disasters and legislative changes spurred California’s 48% increase in the average annual cost of full coverage. At the end of 2024, the state’s average was $2,575 — 11% more than the U.S. average.
Pennsylvania and Virginia rounded out the five states with the biggest increases, at 38% and 33%, respectively. In both states, higher repair costs, traffic congestion, severe weather, and higher accident rates pushed the increase. Additionally, Virginia began requiring all drivers to carry car insurance in 2024.
State
▲▼
Average Annual Cost of Full Coverage (2024)
▲▼
Change in Full Coverage Costs (2023–2024)
▲▼
United States
$2,313
15%
Alabama
$1,701
10%
Arizona
$1,973
10%
Arkansas
$2,430
25%
California
$2,575
48%
Colorado
$2,815
26%
Connecticut
$2,443
18%
Delaware
$3,078
8%
Florida
$3,166
9%
Georgia
$2,815
21%
Hawaii
$1,494
9%
Idaho
$1,484
13%
Illinois
$1,963
18%
Indiana
$1,654
24%
Iowa
$1,582
-5%
Kansas
$1,940
10%
Kentucky
$2,171
10%
Louisiana
$2,820
1%
Maine
$1,213
1%
Maryland
$4,060
53%
Massachusetts
$1,803
30%
Michigan
$2,742
4%
Minnesota
$2,524
58%
Mississippi
$2,277
28%
Missouri
$2,204
29%
Montana
$1,868
15%
Nebraska
$1,663
14%
Nevada
$2,973
1%
New Hampshire
$997
-1%
New Jersey
$2,488
8%
New Mexico
$1,900
13%
New York
$3,804
14%
North Carolina
$1,269
14%
North Dakota
$1,260
-5%
Ohio
$1,455
15%
Oklahoma
$2,043
18%
Oregon
$1,811
23%
Pennsylvania
$2,114
38%
Rhode Island
$2,425
-1%
South Carolina
$3,393
29%
South Dakota
$1,759
0%
Tennessee
$1,665
6%
Texas
$2,712
15%
Utah
$2,033
15%
Vermont
$1,564
18%
Virginia
$2,276
33%
Washington
$2,001
5%
Washington, D.C.
$3,399
24%
West Virginia
$1,906
5%
Wisconsin
$1,681
22%
Wyoming
$1,474
-3%
Insurify excluded average Alaska rates due to low quoting volume.
Where rates will rise the fastest in 2025
Insurify’s data scientists predict at least two states are likely to see double-digit rate increases this year: New York and Florida. Both are no-fault states, meaning each driver’s insurance pays for their own injuries after an accident. No-fault states can be more vulnerable to insurance fraud.
Rates will likely rise by 10% in Florida and New York. Meanwhile, Georgia, Nevada, and Delaware will see premium increases between 7% and 8%, according to Insurify’s report. Nevada’s densely populated cities and comparatively high rate of drunk drivers will affect its car insurance rates. And Georgia and Delaware both have a high number of uninsured motorists, which increases rates for insured drivers.
What’s next: Market stabilization could be ahead
While car insurance rates increased significantly in some states, rates actually fell in a handful. North Dakota, Iowa, Wyoming, Rhode Island, and New Hampshire all saw the average cost of full-coverage car insurance decline by 1% to 5% in 2024. Rates were also stable in South Dakota.
Record losses in 2022 pushed many insurers to raise rates substantially in 2023, with that trend spilling into 2024. But as premium earnings increased and auto losses declined last year, rate increases tapered off in many states.
“The return to profitability will mean more stability in the [car insurance] market,” said Betsy Stella, Insurify’s vice president of carrier management. “As long as profitable trends hold, we can expect insurers to be looking for growth and taking a more moderate approach toward rate changes.”
Evelyn PimplaskarEditor-in-Chief, Director of Content
Evelyn Pimplaskar is Insurify’s director of content. With 30-plus years in content creation – including 10 years specializing in personal finance – Evelyn’s done everything from covering volatile local elections as a beat reporter to building fintech content libraries from the ground up.
Before joining Insurify, she was editor-in-chief at Credible, where she launched and developed the lending marketplace’s media partnership’s content initiative and managed the restructuring of the editorial team to enhance content production efficiency. Formerly, as tax editor for Credit Karma, Evelyn built a library of more than 300 educational articles on federal and state taxes, achieving triple-digit year-over-year growth in e-files from organic search.
Her early career included work as a content marketer, vice president and managing officer of a boutique public relations agency, chief copy editor for 14 weekly Forbes publications, reporting for large and mid-sized daily newspapers, and freelancing for the Associated Press.
Evelyn is passionate about creating personal finance content that distills complex topics into relatable, easy-to-understand stories. She believes great content helps empower readers with the information they need to make important personal finance decisions.
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
John leads Insurify’s copy desk, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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