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Tribune News Service
Tribune News Service
Business
Ron Hurtibise

Auto insurance costs Floridians more than nearly everywhere else in the US, study finds

Insurance Bankrate Mark Friedlander United States Florida bankratecom

Floridians on average pay the second-highest share of their incomes on auto insurance premiums, according to a tally of data from price comparison website Bankrate.com.

The tally, based on the website’s True Cost of Auto Insurance in 2022 annual report, compared what 40-year-old drivers with clean driving records and good credit pay across all 50 U.S. states and Washington D.C.

In Florida, the average driver spends 4.42% of their income on auto insurance. That’s behind only Louisiana, where drivers must spend 5.26% of their incomes.

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