3. Georgia - $2,155 Average Annual Premium
With congested traffic in the major city areas of Georgia, like Atlanta, fender benders are fairly common helping raise the state’s average annual premium to $2,155 – good enough for third place on the top 10 list. According to Victor Hamby, president of the Professional Insurance Agents of Georgia, the insurance market in Atlanta was actually ultra competitive from 2003 to 2010. But then things changed when claims caught up with the insurance agencies after underpricing the market. Rates over the recent years have increased for the first time, anywhere from two to 12 percent.