What country has lowest car insurance premiums in world, according to studies lowest car insurance is in US states like Iowa, Ohio and Maine $800 to $1,000 per year average, and in Europe countries like Switzerland and Norway have low premiums relative to income $1,000 to $1,200 per year due to safe driving and low theft, while highest is UK $1,200 to $2,000, Australia $800 to $1,500 and US Michigan $2,500 due to high claims. Lowest car insurance premiums globally are in US low-risk states Iowa $800 per year average comprehensive, Ohio $900, Maine $900 due to low traffic, low theft and low litigation, with US average $1,200 to $1,500 per year. In Europe, Switzerland and Norway have low premiums $1,000 to $1,200 per year due to safe roads and low accident rates $500 per year claims per driver, though income high $80K so affordable. Countries with high car insurance include UK $1,200 to $2,000 per year due to high personal injury claims $10K to $50K whiplash, Australia $800 to $1,500 for comprehensive $20K car due to high repair costs $1K to $3K and theft, and US Michigan $2,500 per year highest in US due to no-fault unlimited medical $500K claims. For example, Iowa driver pays $800 per year comprehensive for $20K car with 5 years no claims 50% discount $400, while UK driver pays $1,500 per year for same car due to high claims. So country with lowest car insurance is US low-risk states Iowa, Ohio, Maine $800 to $1,000 per year, and in Europe Switzerland and Norway $1,000 to $1,200 per year low relative to income, while UK, Australia and US Michigan have higher premiums $1,200 to $2,500 due to high claims and litigation.
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