LEXINGTON, Ky. (LEX18) — Kentucky drivers are paying some of the highest prices for car insurance.
According to a study done by Bankrate.com, drivers in Kentucky are spending 3.49% of their income on car insurance. That averages out to an annual price of $1,954 for full coverage.
This number also fluctuates depending on your driving habits. Drivers who have gotten a speeding ticket can spend around $2,407 annually. Those who insure a teen driver can pay up upwards of $4,000 annually.
The state lower than Kentucky are Nevada, Michigan, New York, Florida, and Louisana with 5.26% of annual income spent on car insurance.
As for neighboring states, Tennessee ranks 24th at 2.34 percent, Ohio is 14th at 1.94 percent, Indiana at 15th with 1.98%, and West Virginia at 38th with 3.03%.
The best state? That goes to Hawaii with 1.41% or a $1,206 premium annually. Second is Maine at 1.44%.