The latest data from the Kaiser Family Foundation shows that Westfield, a leading insurance company, is the most expensive in the country to insure, costing more than $1,000 a year to insure an average family of four.
The company had a cost of $1.09 for an average household.
In addition, the insurance company is also the most cost prohibitive state for small businesses to insure.
In the last year, the company has cost taxpayers more than two million dollars, according to the Kaiser.
The average cost to insure a single household is $1 and the average cost of a family of five is $2,700.
Westfield also costs taxpayers more in administrative expenses, according the Kaiser report.
Westfield’s cost of doing business has dropped since the Great Recession and it is expected to return to a lower level in the next two years, according a March 31 report from the consulting firm, Kelley Blue Book.
The firm’s survey of about 6,600 U.S. insurers showed that insurers have lower costs than they did a year ago.