Average Cost For Car Insurance

The average car insurance premium in the uk for comprehensive cover costs 471 a year according to association of british insurers abi data for the third quarter of 2018 that is the equivalent of 39 25 a month.

Average cost for car insurance. In the united states the average cost of full coverage car insurance is 1 555 per year. Average car insurance costs by age and state the car insurance premiums you pay can depend on a range of factors such as your age location and even gender. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. Car insurance isn t cheap but most states do require drivers to carry a minimum amount of coverage.

Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry. For example some states require drivers to purchase 100 000 worth of liability coverage per accident while others require just 20 000 or 30 000 of liability coverage. Your premiums may differ however as prices vary dramatically by factors like car make and model. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance.

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. That works out to an average car insurance rate of about 119 per month for 40 year. 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. 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.

But the price of your policy will be unique to your situation. For example the average annual cost of comprehensive car insurance premiums in nsw for a male driver under the age of 25 was 2 471 according to canstar s 2020 car insurance star ratings data. The average cost of car insurance was 484 per year at the end of 2019 but prices had dropped to 460 by the middle of 2020 as a result of the covid 19 lockdown.