Average Monthly Cost Of Car Insurance
Here we will explain how you can get the cheapest monthly car insurance for your particular situation, plus we show you monthly car insurance costs by state so you know what to expect to pay in your area. One example: average monthly car insurance for $39.
Those premiums can put a major dent in your monthly budget, especially if you have factors that raise your car insurance costs above average. See the average cost of car insurance for a six-month policy. Plus, see some of the main reasons why car insurance costs what it does in your state.
Understanding car insurance average rates can help guide you as you shop for the right auto insurance policy. On average, Americans spend $125 a month, or $1,503 for an annual rate, on car insurance, according to a study done by ValuePenguin.
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.