How Much Is Car Insurance Per Month?

If you’ve ever wondered how much car insurance per month really costs, you’re not alone. Most states require some type of auto insurance coverage. What can you do to lower the monthly premium? Some states have different minimum requirements for car insurance. Below is a list of factors that will influence your insurance costs. Read on to find out how to get the best price on car insurance. You’ll be amazed at the difference. new york auto insurance quotes

Your credit score plays a big role in determining auto insurance rates, and a higher score means lower rates. For example, drivers with bad credit may have to pay an average of $2,524 per year. For people with a poor credit score, the cheapest monthly rates are $700 less than the national average. Other companies offering low rates include Geico, USAA, and American Family Insurance. Check with your state’s insurance department to determine if you’re eligible for discounts.

There are some car models that cost more than others to insure, but most will change your rates by only a few hundred dollars a year. Top selling car models cost $1,266 to $1,414 monthly. Sports cars and electric vehicles cost more, while a Honda CR-V is the least expensive. Whether you’re driving a sports car, an electric vehicle, or something in between, you should shop around for the best rate.

While the cost of car insurance for younger drivers is the highest for young people, it’s still worth considering. Drivers under 25 tend to be less experienced on the road than people in their 50s or 60s. Their insurance costs may increase after they turn 25. For those who are older, however, auto insurance costs go down after a certain age. In other words, if you’re a woman, you may want to consider adding a teen driver to your policy.

A driver’s driving record will play a big role in how much they pay for car insurance. Insurance providers look at this when determining your monthly payments. A clean driving record and no major accidents will lower your rates. If you have been in an accident or have a DUI in the past, you may need to seek out another policy. A clean driving record will reduce your insurance rates and help you save money. If you have a DUI on your record, your monthly premium may increase significantly.