With the lowest gas prices in six years and favorable interest rates likely to drive auto sales up significantly in 2015, WalletHub, a personal finance website, offers a report on “2015's Most and Least Risky States for Drivers’ Wallets.”
What kind of financial risks do drivers take when they take to the road?
WalletHub ranked 50 states and the District of Columbia on several risk factors. It analyzed the minimum coverage requirements for the mandatory forms of auto insurance in each state, examined their percentages of uninsured drivers, and added the scores from each category to determine an overall “riskiness” ranking.
Least risky states for drivers’ wallets
2. North Dakota
3. New York
T-4. New Hampshire
9. South Carolina