Rob Hoyt

Insurance companies use a constellation of factors to determine the price consumers pay for auto insurance; and those differences tend to vary by state lines.

In a segment for American Public Media’s Marketplace, Robert Hoyt, head of the Department of Insurance, Legal Studies and Real Estate at Terry, explained: “Typically the most significant [determination of insurance cost] would be differences in legal environment,” he said. “The states that have the highest auto insurance costs do happen to be no-fault states.”

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