Average Auto Insurance Cost Per Month Michigan

The severity and frequency of claims in your neighborhood your driving record the type of car you drive your credit and other variables are used by insurance companies to figure out the cost of your policy.

Average auto insurance cost per month michigan. With age comes wisdom and lower car insurance rates up to a point. The main culprits for high prices in any state are the presence of a no fault insurance system a high population density and frequent car accidents. That s the short answer. This bears out when you look at average car insurance rates by age.

The average annual cost of car insurance in the united states is 1 416 according to the data in our study. The average car insurance rate in michigan is 3 141 a year for a full coverage policy with a 500 deductible or about 262 a month. 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. We provide up to date information regarding the average car insurance cost in the u s.

The long answer is that the average cost depends on a variety of key factors many of which we ve outlined in the sections below. The state with highest average insurance rate is louisiana at 206 per month followed by michigan at 204 per month georgia at 166 per month then oklahoma at 160 per month. Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062. In 2020 as per our research and answer different common and less common questions issues and concerns regarding the average auto insurance cost per month and per year across the united states of america.

Car insurance for people under 25 years of age is typically quite high. The amount you pay for car insurance per month depends on several factors. 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 car insurance is 147 a month or 1 758 per year for a full coverage policy.

Your cost may be higher lower or somewhere right around that average. One of the most significant determinants of car insurance prices is your home state. Meanwhile the state with the cheapest camaro insurance rate is maine at 76 per month followed by iowa at 84 per month north carolina at 86 per month then idaho at 88 per month. Companies charge between 100 to 200 usd per month for this service.