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A whopping 96.1% rise in insurance cost in Louisiana, second highest in the country

In recent years, Louisiana has been one of the most expensive states in the country in terms of auto insurance expenditure. While it was ranked 15th most expensive state to buy auto insurance in 1989, it was ranked 3rd most expensive by 2010. Insurance costs in Louisiana showed the second highest rate of growth in the country with a rise of 96.1 percent. Auto insurance costs almost doubled from $572.96 to $1,121.46 from 1989 to 2010. To put that in perspective, there was 43.3 percent rise in the countrywide average figure.

In 1989, average auto insurance costs in Louisiana hovered slightly above the countrywide average. By 2010, auto insurance costs were close to one and a half times the countrywide average. The rise of 96.1 percent is second only to Nebraska’s 108.1 percent, the highest growth rate in the country ...

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The best and worst states to buy and insure the Kia Rio

The subcompact Kia Rio has been on the block since 2000, and is now in its third generation. The Rio is also a very popular car in the used car market in the United States, well known for its affordability. The Rio is also one of the least expensive cars to insure.  

Maine has the lowest median price as well as insurance rates. The Rio can be purchased for a median price of $5950 in Maine, and you would have to pay only $879 every year to insure it in this state. To put these low rates into perspective, let us consider the states in which the insurance rates for the Rio are high –

State Annual Average Insurance Rate ($) Median Price ($) Percentage of median price spent on insurance (%)
Louisiana 2,571 14,997 17
Michigan 2,443 9,495 25
Montana 1,833 11,999 15
California 1,733 11 ...

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Insuring your Dodge Charger in five states

The Dodge Charger was launched in 1960s. Over the years, the car has received several makeovers – the engine has become more powerful, the exteriors as well as the interiors were worked on. The present Dodge Charger, which was introduced to the U.S. market in 2006, is a four-door sedan.

When you are buying a used Charger, you have to also consider the cost of the first year of insurance, which can be steep in certain areas. The cost of insuring the Charger depends on factors such as the auto insurance laws of the state, the density of population, and the number of accidents in the state.

The table below shows the median price of the Charger in five states, its annual insurance average and its insurance percentage, i.e., the percentage of the median price spent on insurance.

State Insurance Average ($) Median Price ($) Insurance Percentage (%) Estimated total cost of ...

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Collision coverage for large pickups good value for money

In assessing the collision coverage premiums insurers look at a number of factors which affect rates. Two of the main factors are claim frequency and losses per claim. The Highway Loss Data Institute released a study in September 2013 where they allocated relative claim frequency and relative claim loss scores to 2010-2012 models of vehicles of all size/weight classes. The study found that large pickups had better than average scores in all the criteria assessed.

Collision coverage rates are determined partly by the damage susceptibility of cars. Damage susceptibility is complicated to measure because if the insured vehicle is large or expensive it may do better in a crash. On the other hand, the damage sustained might be expensive to repair.

In the study, a score of 100 represented the average figure. Any score lower than 100 is better than average and any score higher is worse. Large pickups ...

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Which is the best state to insure an Audi A4?

The Audi A4 is arguably one of the most versatile Audi cars in the market. It is available as a sedan or wagon today, though it also went through a convertible phase before Audi A5 took over the convertible version of the A4.

The greater variations in the prices of Audi A4 (compared to the rates of A3) are in tune with the facelift given to the vehicle several times since its launch in 1994.

Although the A4 series has a larger percentage of insurance to be paid, the average prices are relatively lower. The most expensive price tag of vehicle can be found in the state of North Dakota where the median price is as high as $30,990 and an additional 4% of the amount is required to insure the vehicle.  The state of Oklahoma, on the other hand, has a median price as low as $11,517 ...

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Buying and insuring the Ford Focus in the tri-state area

The Ford Focus, one of America’s favorite compact cars, is also one of the best cars to buy in the used car market. Currently in its third generation (2011-present), the Focus is one of the most versatile cars. It went from being a 5-door hatchback to a 3-door hatchback, and is now available in electric and ST versions. The Focus has also been used for motorsport since 1999. More recently, Jari-Matti Latvala, the Finnish rally driver, drove a Ford Focus RS WRC 09 at the 2009 Rally Finland. In 2012, the Focus was named the world’s best-selling car.

In this feature, we will examine the cost of buying and insuring a used Focus in the tri-state area of New York, New Jersey, and Connecticut.

Let us first consider the cost of the vehicle. In New York, a used Focus costs around $14,890, while the median price of ...

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