Average Car Insurance Monthly

Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062.

Average car insurance monthly. The average cost of car insurance per month is around 43 25 a month in the uk. But the price of your policy will be unique to your situation. It s worth mentioning that this annual study rate is just 75 higher than the rate for sample drivers with low coverage. Average monthly car insurance rates by state are outlined in the chart below.

Car insurance monthly cost. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance. 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. Rates are based on buying just the state minimum required to drive legally assuming good credit and a clean driving record.

You ll see that in all states except michigan car insurance is under 100 a month on average. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. The average monthly car insurance rates by states can vary greatly depending on various factors. Currently louisiana has the highest car insurance cost in the united states with 209 24 per month.

The other states in the top five most expensive car insurance costs per month are. What is the average car insurance cost by state. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600. This assumes you pay an 22 9 apr on a policy costing 460 per year which is the average annual cost of car insurance.

The national average car insurance sample rate for driver profiles with medium coverage is 1 416 according to our survey data. That works out to an average car insurance rate of about 119 per month for 40 year.