Florida has the country's 6th highest car insurance rates

Florida has some of the nation's most expensive car insurance.

Why it matters: Fast-rising insurance rates are contributing to a nationwide transportation affordability crisis , especially in many parts of the country where people have few alternatives to car ownership.

Driving the news: The nationwide average annual cost of full-coverage car insurance hit $2,329 in June, per Insurify, a digital insurance agent that helps users collect quotes from multiple insurers.

• That's up from $1,601 in January 2021.

Zoom in: Florida's average annual cost from June 2022-2024 was $3,201, making it the 6th most expensive state in the nation.

• Connecticut was the priciest at $3,598.

How it works: Insurify's monthly figures are two-year rolling medians to account for "extreme market volatilities" in recent years, the company says.

• And they're based on rates for drivers between ages 20-70 with clean driving records and at least average credit scores.

The big picture: Several factors play into the difference in rates between states, including road conditions, accident rates and whether a state requires no-fault coverage (meaning plans must cover medical expenses regardless of who's at fault in an accident).

• Quotes also take individual factors into account like a driver's age, gender and driving record.

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