Average Auto Insurance Cost Per Month
That works out to an average car insurance rate of about 119 per month for 40 year.
Average auto insurance cost per month. The most expensive places for car insurance are new york washington d c and louisiana. The average annual cost of car insurance in the united states is 1 416 according to the data in our study. But the price of your policy will be unique to your situation. The average car insurance cost per month is 140 or 1 690 a year.
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. Average car insurance cost per month proudly powered by wordpress. Auto insurance quotes vary widely based on individual rating factors. What s the average cost of car insurance in the us.
The average cost of car insurance is 146 a month or 1 758 per year for a full coverage policy. The average cost of car insurance is 1 548 per year. We researched average auto insurance costs based on various driver profiles and rates fielded from up to six major car insurance companies in every state. 1 502 annually and 751 per six months that was the average price in the united states as of december 2019 up from 1 469 annually and 735 per six months during march of the same year based on this trend one could expect that the car insurance rate is set to increase further in 2020.
The average car insurance cost per month and annual rates among the largest insurers after a dui can range between 116 monthly or 1 397 annually at american family and 455 a month or 5 454 a year at the auto club group. But there are conflicting figures with statista which collates statistics and studies saying that the average cost is a larger 692 and confused saying that drivers are paying a whopping 827 on average and that premiums are likely to rise to. Everquote analyzed premiums reported by our users to calculate the average car insurance cost per month nationally and by state. That s 774 per six month policy or 129 per month.
That s the short answer. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. There s a difference of over 4 000 annually between the two carriers.