Monthly Average Car Insurance Cost
But the price of your policy will be unique to your situation.
Monthly average car insurance cost - Our analysis based on. The national average cost of car insurance is 1 427 per year according to nerdwallet s 2020 rate analysis. The average car insurance premium in massachusetts is 1 201 per year 15 8 less than the us average.
According to premium information gathered by business insider the average cost for car insurance between 2017 and 2019 was 1 566 per year. The average monthly car insurance rates in ontario are between 125 to 158 depending on which part of the province you live in. That works out to an average car insurance rate of about 119 per month for 40 year.
The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600. But car insurance costs are affected by factors aside from your location. As you ll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70.
This is the highest average car insurance rate among all provinces in canada. What s the average cost of car insurance in the us. Car insurance monthly cost.
The average annual cost of car insurance in the united states is 1 416 according to the data in our study. Because quotes vary for every individual comparing rates is often the best way to find savings on car insurance. But every person s quote will be different.
The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. Car insurance rates price based on myriad details including your age gender marital status credit rating and driving history. Rates are based on buying just the state minimum required to drive legally assuming good credit and a clean driving record.
Average cost of car insurance by age. Average monthly car insurance rates by state are outlined in the chart below. 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.
You ll see that in all states except michigan car insurance is under 100 a month on average.