Average Monthly Car Insurance

However your personal auto insurance rate depends on several factors including demographics.

Average monthly car insurance. Averages for customized rates are based on drivers ages and gender for the following coverage levels. For a middle of the road full coverage policy you ll pay around 420 per month if you re a teen. Average monthly car insurance rates by state are outlined in the chart below. However monthly averages can be a deceptive number because rates can vary significantly from city to city and from driver to driver.

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. This is the highest average car insurance rate among all provinces in canada. The average car insurance cost is 79 58 month in the us but auto insurance monthly costs vary based on your driving history crediting rating and other factors. The national average car insurance sample rate for driver profiles with medium coverage is 1 416 according to our survey data.

State minimum liability liability of 50 100 50 and 100 300 100 with 500 deductible on comprehensive and. Average car insurance rates by age can vary widely. It s worth mentioning that this annual study rate is just 75 higher than the rate for sample drivers with low coverage. Car insurance monthly cost.

But the price of your policy will be unique to your situation. The average monthly car insurance rates in ontario are between 125 to 158 depending on which part of the province you live in. How much should car insurance cost a month. Rates are based on buying just the state minimum required to drive legally assuming good credit and a clean driving record.

Once you turn 20 you should expect an average monthly drop in your insurance premium by about 253. You ll see that in all states except michigan car insurance is under 100 a month on average. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance. The average cost of car insurance per month is around 43 25 a month in the uk.

Teen drivers pay the most about 419 per month for drivers 16 19 years ago. This assumes you pay an 22 9 apr on a policy costing 460 per year which is the average annual cost of car insurance. Those aged 50 to 59 pay the least for car insurance with all other variables constant.