what is the average cost of car insurance

what is the average cost of car insurance

1 year ago 49
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According to multiple sources, the average cost of car insurance in the United States varies depending on several factors, including the type of coverage, location, and personal circumstances. Here are some key findings from the search results:

  • The average cost of car insurance for full coverage is $2,014 per year, while minimum coverage is $622 per year. On a monthly basis, full coverage averages $168, with minimum coverage averaging $52 per month.
  • The national average cost of car insurance is $2,148 per year, which works out to an average car insurance cost of about $179 per month for full coverage insurance, including liability, comprehensive, collision, and additional insurance a state requires drivers to carry.
  • The average annual cost of car insurance among insurers in the US is $1,553, but the cost varies depending on the auto insurance company and several factors, including where you live, your credit score, and your age.
  • The average cost for full coverage car insurance is $2,150 per year, while state minimum insurance is 79% cheaper at $467 per year but doesnt include optional coverage for theft and damage to your own vehicle.
  • On average, car insurance costs $74 per month or $884 per year across the US, but the cost varies based on the insurance company, coverage type, location, and personal circumstances.

Its important to note that these are just averages, and individual rates can vary significantly based on personal factors. Therefore, its recommended to shop around and compare quotes from multiple insurance companies to find the best coverage at the most affordable price.

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