Average Car Insurance Cost

Auto insurance quotes vary widely based on individual rating factors.

Average car insurance cost. The main culprits for high prices in any state are the presence of a no fault insurance system a high population density and frequent car accidents. One of the most significant determinants of car insurance prices is your home state. But every person s quote will be different. That s 774 per six month policy or 129 per month.

What is the average car insurance cost by state. But the price of your policy will be unique to your situation. Average car insurance rates explained. Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062.

That works out to an average car insurance rate of about 119 per month for 40 year. Average cost of car insurance is 1 758 per year but every driver will pay a different rate places with a higher population density lower incomes and a large percentage of uninsured drivers will have a higher average car insurance cost because the likelihood of filing a claim is higher. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600.

The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. That s the short answer. Enter your state in the search box to see what you can expect to pay. The zebra s team of licensed insurance experts crunched the numbers using a composite user profile and gathered rates from the top auto insurance companies to develop.

Our analysis based on. Refer to the chart below to see average car insurance costs by age and state for full coverage. According to premium information gathered by business insider the average cost for car insurance between 2017 and 2019 was 1 566 per year. Average cost of car insurance by age.

The long answer is that the average cost depends on a variety of key factors many of which we ve outlined in the sections below. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance. Average car insurance rates by age and state. The average annual cost of car insurance in the united states is 1 416 according to the data in our study.