Average Cost Of Car Insurance Per Month

Average Cost Of Car Insurance Per Month

Average Cost Of Car Insurance Per Month

Health insurance is an important investment to make in oneself, family members, and loved ones. According to the Department of Health and Human Services’ 2017 Annual Insurance Survey, the average monthly premium for individuals in the United States was $476 (or $5,712 per year).

But for what it’s worth, the average amount spent to insure a car in the U.S. was $815 a year in 2012, according to the National Association of Insurance Commissioners. However, as anyone who pays much less — or more — than $815 a year can tell you, there are a lot of variables that affect your car insurance rates.

Americans spend an average of $125 a month on car insurance … annual car insurance premiums have been on the rise in a majority of states. Those premiums can put a major dent in your monthly budget, especially if you have factors that raise your car insurance costs above average.

Canstar reveals the average annual premium for car insurance in … over 50 year old in New South Wales, this comes to only $54.40 per month.