What is the Average Monthly Auto Insurance Premium?

The average monthly car insurance premium depends on many factors, including your driving history, policy type, and deductible. When you are searching for a policy, consider these factors to get an accurate estimate of the monthly cost of car insurance. These factors can vary significantly, so keep an eye on what you’re paying each month. Make sure you’re getting the best deal possible. In addition, keep in mind that the cost of car insurance can be much higher in some cities than in others. auto insurance quotes online

The average monthly cost of car insurance varies widely by state, so it’s important to shop around to find the lowest premium. By comparing rates and policies with a few companies, you’ll be able to find the lowest car insurance payment. Also, consider the age and type of your vehicle.

Your credit score may affect your monthly rate. Some insurers use this information to determine if you’re a good risk or a poor risk. Drivers with better credit scores pay less than drivers with lower scores. This is because poor credit is related to higher risk. In fact, drivers with poor credit scores are more likely to make insurance claims.

Another factor that affects car insurance rates is gender. If you’re a male, average monthly car insurance premiums are higher than for females. For example, a 22-year-old male might pay $226 per month, while a 22-year-old woman might pay $206 a month.

While women’s driving history is less likely to lead to car accidents and DUIs than men, women are more likely to speed, drive under the influence of alcohol, and fail to wear a seat belt, which increases their overall risk. Older women are considered to be more of a risk than their male counterparts, and will pay about 40% more in premiums than a 50-year-old man. Married couples will pay lower car insurance rates than single people.

Many insurance companies offer discounts for being a long-term customer. By automating payments and emailing correspondence to the insurance company, you can receive discounts on your auto insurance. Insurers also offer a 5% discount for paying your insurance premiums in advance. Another way to reduce your insurance bill is to opt for an automatic bank deduction program.