The finance website WalletHub released its list of 2015’s “most and least risky states for drivers’ wallets,” a ranking that basically calculated where you’re less likely to absorb a lot of financial damage in a car crash.
In essence, if you have to get in a car accident somewhere, WalletHub is telling you the best and worst places to do it.
And you know if we’re bothering to write about it here, Maine must either be the best or the worst. In this case, Maine is the best.
Here’s what WalletHub had to say about Maine in its announcement of the ranking:
“Maine … ranks as the least risky state. In addition to mandating $50,000/$100,000/$25,000 liability insurance, Maine requires drivers to carry medical payments and uninsured motorist protection. Only an estimated 4.7 percent of drivers are uninsured.”
Those dollar figures referenced above, as best as I can tell, refer to — in order — bodily injury liability insurance per person, bodily injury liability insurance per accident, and property damage liability coverage.
Here are the top 10 (with a handful of ties) and the bottom 10 in terms of car insurance criteria, like percentage of uninsured drivers and coverage amounts:
Interestingly, the best insured drivers can largely be found in the northern part of the country, with only South Carolina in the top 10 “least risky” states a real southern representative. The “riskiest states” list is the opposite, with only Washington and Michigan popping up as traditionally cold weather states.
Some tidbits of note: Massachusetts has the lowest percentage of uninsured drivers, at 3.9 percent, while around one out of every four drivers in each Florida and Oklahoma is uninsured.