Wisconsin Auto Insurance Cost is Low
Posted by PKSD Law Firm on Dec 23, 2008 in Car Accidents
The percentage of family income spent on auto insurance by Wisconsin residents is the third lowest in the country. According to Auto Insurance Report, a family with a median income of $72,495 has an average auto insurance expenditure of $590.
Only North Dakota and Iowa had a lower ratio of auto insurance premium to family income than Wisconsin. Wisconsin had a premium to income ratio of .81 percent. The highest ratio was in Louisiana.
Motorists in Wisconsin enjoy the benefits of a highly competitive insurance marketplace, said Andrew Franken, president of the Wisconsin Insurance Alliance.