The Average Cost of Auto Insurance in the United States

The average cost of auto insurance in the United States can vary wildly. Drivers in their twenties are more likely to experience sky-high premiums, but prices have been trending down as they gain experience. The best way to save money on car insurance is to shop around for cheap car insurance quotes. auto insurance quotes colorado

Insurers base premiums on factors like the type of car you drive, your age and driving history. Premiums may also vary by location. Moreover, insurance companies may charge higher premiums in neighborhoods with higher rates of vehicle theft and vandalism. In addition, younger drivers and male drivers are more likely to suffer from higher insurance premiums.

According to Bankrate’s research, the average cost of auto insurance varies based on the age and driving experience of the driver. The average cost for an 18-year-old driver is three times more than for a 25-year-old driver. But the average increase for young drivers varies wildly between states. The lowest increase occurs in Iowa, which is $1,254 for each driver added to the policy. In contrast, the highest increase occurs in Miami, with an average increase of $2,647 per year.

Drivers with a history of driving violations should shop around for affordable auto insurance. Since your accident history and credit score affect auto insurance rates, it can save you hundreds of dollars per year by switching providers. Drivers with a DUI record are also subject to higher rates from insurers, reflecting their increased risk of accidents. The average premium for a driver with a DUI is $88% higher than the national average.

While age and driving experience are two other factors that affect the average car insurance cost, the type of car you drive also plays an important role. Obviously, a high-end car costs more to insure than a cheap car. However, if you’re worried about the cost of car insurance, it’s always a good idea to get several quotes before making a final decision.

Liability car insurance covers the costs of accidents involving another driver. It also covers the costs of injuries and deaths. Experts recommend carrying more than the minimum liability coverage required by your state. For example, the minimum coverage for property damage in California is just $5,000 – but the damage to the other driver’s car could easily exceed this amount. The driver would have to pay the difference out of pocket.

While car insurance rates differ widely from state to state, the average cost of car insurance is $1,682 per year, or about $100 per month. The price you pay per month is highly dependent on your age, gender, driving history and location. If you live in a state with high auto insurance premiums, your monthly premium will be higher than the national average.

Auto insurance rates vary wildly by location and vehicle type. A comparison site can help you find the best rates and get the best coverage. The average cost of car insurance for an individual varies widely based on many factors, including the type of car, driving history, and credit score.