Full Coverage Car Insurance Cost
No insurance policy can cover you and your car in every circumstance.
Full coverage car insurance cost - However how much a full coverage policy will cost you will most likely vary quite a bit above or below the average depending on many factors. 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. These are the average annual rates paid for minimum and full coverage auto insurance by drivers in each state.
We used two coverage levels liability only coverage 50 100 50 coverage limits and full coverage 50 100 50 liability limits with 500 deductibles. The average cost of minimum car insurance is 53 per month in the u s according to a quotewizard study of all 50 states. We saw average auto insurance premiums as low as 24 per month for minimum coverage in iowa and as high as 131 per month in michigan.
We wish we could tell you here s your flat rate for this coverage however variables like your age driving record car and coverages selected make that a little tricky since your rate is based on the likelihood of a claim. By michelle megna posted. Car insurance isn t cheap but most states do require drivers to carry a minimum amount of coverage.
The national average cost of full coverage auto insurance in 2020 is 1 427 per year for a 40 year old good driver with good credit according to a nerdwallet analysis of rates. According to the national association of insurance commissioners the usa average for a full coverage policy is 74 03 per month. Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry.
Full coverage car insurance rates by state average cost. But a full coverage policy covers you in most of them. Average full coverage car insurance cost.
Your full coverage policy must include liability coverage and typically includes comprehensive and collision coverage as well though it may include more depending on your additional coverage needs. 522 minimum coverage 1468 full coverage alaska. Unfortunately there s no one size fits all coverage option.
Full coverage auto insurance is a term used to describe a combination of coverages that protect both you and other people or property involved in an accident. Average cost for full coverage car insurance. In the united states the average cost of full coverage car insurance is 1 758 per year.
