News from And Least — For Car Insurance – Forbes:

We’ve said it before and here we go again: Just as with real estate values, a driver’s car insurance rates can vary greatly according to location. What is already a major long-term auto ownership cost can become a true burden if a driver is living in a zip code insurance company actuaries deem as carrying a greater risk of accident, theft or vandalism, or is rated for higher premiums based on a range of circumstances.

For 2014, the major U.S. metropolitan area in which residents tend to suffer the highest car insurance rates is Detroit, MI, where policyholders tend to pay 165 percent higher premiums than the national average. While none approach the stiff toll Detroiters face, other budget-busting burgs include New York City (36 percent above average), Miami (+34 percent) and Los Angeles (+25 percent).

That’s according to a survey of the most populated metro areas in the U.S. conducted by Quadrant Information Services on behalf of the website insuran……….. continues on And Least — For Car Insurance – Forbes.

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