For insurers and agents it’s good to know stuff like this;
Alper Law’s index found that Mississippi is the riskiest state in which to drive without adequate insurance coverage. The analysis highlighted how Mississippi has the highest levels (29%) of uninsured drivers – over twice the national average (13%) – and how ‘The Magnolia State’ has the highest rates of motor vehicle incidents per 1,000 drivers (14.2).
Florida was identified as the second riskiest state for drivers. Data showed that the average tort claim for motor vehicle incidents was $137,007, which, with over 10 car crashes per 1k drivers, and over one in five (20.4%) of drivers being uninsured, gave ‘The Sunsune State’ a financial vulnerability score of 76.2.
The third riskiest state for drivers was New Mexico, where its below-average tort figure ($66,395) offset the high levels of uninsured drivers (21.8%) and crashes per 1k drivers (12.5).
Five “Riskiest” States To Drive In:
|
State |
Crashes/1k Drivers |
Uninsured % |
Tort Cost/Crash |
Financial Risk |
Vulnerability |
Final Score |
|
Mississippi |
14.2 |
29.40% |
$58,733 |
20.1 |
85 |
100 |
|
Florida |
10.1 |
20.40% |
$137,007 |
50.2 |
76.2 |
97.3 |
|
New Mexico |
12.5 |
21.80% |
$66,395 |
31.4 |
69.1 |
92.4 |
|
Louisiana |
11.3 |
11.70% |
$111,241 |
42.4 |
58 |
88.9 |
|
Georgia |
10.3 |
12.40% |
$130,136 |
50.2 |
49.4 |
85.5 |
At the other end of the scale, Maine has the lowest financial risk and is considered the safest state for driving, based on the metrics analyzed.
Maine has some of the lowest uninsured rates (4.9%), the fewest crashes per 1k drivers (4.9), and a below-average tort claim figure ($41,620).
Five “Safest” States To Drive In:
|
State |
Crashes/1k Drivers |
Uninsured % |
Tort Cost/Crash |
Financial Risk |
Vulnerability |
Final Score |
|
Maine |
4.9 |
4.90% |
$41,620 |
15.3 |
8.8 |
31.7 |
|
Vermont |
5.3 |
8.80% |
$43,486 |
15.7 |
38.8 |
38.8 |
|
Minnesota |
4.6 |
10.80% |
$43,483 |
16.2 |
14.2 |
40.5 |
|
South Dakota |
7.2 |
7.40% |
$41,180 |
14.8 |
41.7 |
41.7 |
|
Hawaii |
5.8 |
9.30% |
$46,809 |
17.4 |
41.9 |
41.9 |
States With The Highest Rates Of Crashes
Alper Law’s research and analysis showed that Mississippi has the highest injury-causing crash rate per 1,000 drivers at 14.2, followed by New Mexico (12.5), Wyoming (12.3), Oklahoma (11.4), and Louisiana (11.3).
In comparison, there are 1.8 million injury-causing accidents annually, and roughly 235 million registered drivers. This means that at a national level, there are an average of 7.8 injury-causing crashes per 1,000 drivers each year – far below the levels seen in the likes of Mississippi and New Mexico.
Rhode Island had the lowest injury-causing incident rate (3 per 1k drivers), followed by Massachusetts (3.8), New York (4.2), New Jersey (4.4), and Minnesota (4.6).
States With The Highest Rates Of Uninsurance
Almost every state requires drivers to purchase car insurance, though the required level of coverage varies widely. Despite this, research shows that approximately 13% of people on the road in the USA are uninsured, with some states reporting rates more than double the national average.
In Mississippi, analysis found that 29.4% of drivers are uninsured, more than twice the national average, and almost a third higher than the state with the second-highest rate of uninsured drivers, New Mexico (21.8%).
Rounding off the states with the highest uninsured driver rates are: Florida (20.4%), Tennessee (20.1%), and Michigan (19.6%).
In comparison, just 3.1% of drivers in New Jersey are uninsured, with Massachusetts (3.5%) and New York (4.1%) as the second and third-most insured states.
To view the full study and methodology, please visit: https://www.alperlaw.com/blog/under-insurance-risk-index/
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