Average Car Insurance Cost Per Month By Age And State

The average cost of car insurance for a 25 year old is approximately 3 200 per year or about 270 per month.

Average car insurance cost per month by age and state. What s the average cost of car insurance in the us. The average cost of car insurance is 147 a month or 1 758 per year for a full coverage policy. The amount you pay for car insurance per month depends on several factors. 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.

At age 53 the average premium is more than double the base rate and by 55 the average premium is 446. Car insurance rates vary so much by age group because some groups are statistically more risky to insure than others due to a higher likelihood of accidents and expensive claims. Call us toll free. As you ll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70.

Your cost may be higher lower or somewhere right around that average. For example some states require drivers to purchase 100 000 worth of liability coverage per accident while others require just 20 000 or 30 000 of liability coverage. 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. State car insurance rates change dramatically by state and between cities.

This is almost 4 000 per year cheaper than the average 18 year old. At age 60 the average premium is 543. Young drivers pay disproportionately more for car insurance on average than older age groups but each year they age can result in big savings. Compare rates to find savings and learn how much car insurance costs for you.

If a person is 64 years old the average health. For a middle of the road full coverage policy you ll pay around 420 per month if you re a teen and 170 if you re in your 20s according to the. Average car insurance rates range from 1 424 per year for drivers who are 65 years old to a high of 7 001 per year for drivers who are 16 years old. Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry.

But the price of your policy will be unique to your situation.