Average Yearly Cost For Car Insurance

Average car insurance rates by age and state.

Average yearly cost for car insurance.

Car insurance for young drivers is expensive as you ll see in the table below but you can still save by putting the teen on your policy rather than getting him or her their. Refer to the chart below to see average car insurance costs by age and state for full coverage. After collecting quotes from top insurers across the country we found the average auto insurance rate to be 2 390 per year or 200 per month. The average cost of car insurance in the united states is 1 348 per year or 112 per month according to data business insider obtained from s p global market intelligence.

Enter your state in the search box to see what you can expect to pay. We examined the average cost of car insurance by state to help drivers estimate how much they should be paying for coverage. Use the zebra to compare prices. That works out to an average car insurance rate of about 119 per month for 40 year.

The average annual cost of car insurance in the united states is 1 416 according to the data in our study. In 2020 the average cost of car insurance is 1 548 year which comes to 774 per six month policy or 129 month. That s the short answer. Texas our calculations are based on reported car insurance rates from 56 auto insurance companies for polices that cover texas minimum requirements include the following according to texas department of.

The average cost of car insurance is 146 a month or 1 758 per year for a full coverage policy. One of the most significant determinants of car insurance prices is your home state. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062.

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. Car insurance for a 19 year old. What is the average car insurance cost by state. State age average annual rate.