Florida may still be one of the most expensive markets in the country for property insurance, but it's cruising comfortably as a competitive market for auto insurance.
Florida's average annual premium for auto coverage — $1,476 — is $85 cheaper than the national average, according to a survey released Monday by Insure.com.
Compared to other states and Washington, D.C., Florida is in the cheaper half, ranking 29th overall.
The most expensive states are Michigan and Louisiana at $2,541 and $2,453, respectively. The best bargains: Vermont and South Carolina at $995 and $1,095, respectively.
Insure.com found that a consumer's driving record is not always the biggest factor in determining rates. Other factors looming large are the percentage of uninsured motorists in a given state, weather and various state insurance laws.
Michigan drivers, for instance, pay the price for living in the only state that guarantees unlimited personal injury protection payments by law. Vermont drivers, in contrast, benefit from a low level of traffic congestion and a large number of competing insurers.