Average Auto Insurance Cost Per Month Indiana

What s the average cost of car insurance in the us.

Average auto insurance cost per month indiana. Car insurance premiums take into account a number of components such as one s marital status driving history credit rating gender and age. Car insurance for people under 25 years of age is typically quite high. Is around 1 099 per year or about 92 per month according to a report from the national association of insurance commissioners. It s an increase of 150 annually compared to those with low coverage limits but just 75 more than.

This bears out when you look at average car insurance rates by age. Compare rates to find savings and learn how much car insurance costs for you. With age comes wisdom and lower car insurance rates up to a point. Companies charge between 100 to 200 usd per month for this service.

The average rate for sample drivers in our study with high auto insurance coverage is 1 491. The report from december 2017 comprises the naic s most recent data. 1 502 annually and 751 per six months that was the average price in the united states as of december 2019 up from 1 469 annually and 735 per six months during march of the same year based on this trend one could expect that the car insurance rate is set to increase further in 2020. Generally car insurance is issued for periods ranging from 6 months to a year and the most common payments are made monthly to make your purchase more bearable.

States that are more urban or have large populations tend to have higher average car insurance costs than rural states. The average auto insurance rate in indiana is 1 133 per year 20 6 less than the national average. The cost of insuring a car in indiana however can vary widely from company to company and city to city. Virginia with 1 191 per year.

We analyzed indiana auto insurance premiums by each of the primary. The average cost of auto insurance in the u s. The average cost of a car insurance policy is 937 per year or 78 per month for a policy that meets the minimum requirements of each state. The amount you pay for car insurance per month depends on several factors.

More drivers means more accident. New hampshire with 1 086 per year or 91 per month. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high. The average cost of a minimum coverage car insurance policy in indiana is 498 per year or 42 per month.

Your cost may be higher lower or somewhere right around that average. Updated september 4 2020 by mark fitzpatrick.