RI “One of the The Top 10 most profitable states for Auto Insurers”
CrashNetwork.com: Overall profit margins for personal auto physical damage insurers improved to 5 percent in 2013, an increase of 1.6 percent over 2012, and right in line with the average profit margin enjoyed over the past 10 years.
The data, the most recent that has been released by the National Association of Insurance Commissioners and analyzed by Auto Insurance Report, shows that the most profitable states for physical damage insurers have a 10-year average profit margin more than three times the national average. The Top 10 most profitable states include: Alaska (16 percent average profit margin over 10 years), Washington, D.C. (15.3 percent), New Jersey (13.9 percent), Maine (13.4 percent), Hawaii (13.1 percent), Vermont (12.8 percent), Idaho (12.1 percent), Washington (11.8 percent), New Hampshire (11.5 percent) and Rhode Island (11.5 percent).
