Average cost of car insurance by state – States set car insurance regulations and minimum insurance requirements. Generally states that are more urban or have large populations tend to have higher average.
The average cost of car insurance in the united states is 1 758 per year for example which works out to about 146 50 per month.
Average cost of car insurance by state – One of the most significant determinants of car insurance prices is your home state. 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. Average cost of car insurance by state
Michigan is the most expensive with an average yearly premium of 3 466 while maine is the cheapest at 1 062. The average cost of full coverage car insurance in the u s. Is 1 555 which breaks down to. Average cost of car insurance by state
Breaking it down the. A car insurance policy in alaska on the other hand will cost you much less on average at just 77 88 per month. In florida the average monthly cost is 29 higher than the national average. Average cost of car insurance by state
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. Vehicle registration fees insurance and other costs by state for 2021. The average cost of a car insurance policy is 876 per year or 73 per month for a policy. Average cost of car insurance by state
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. 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. Winslow arizona car insurance writer. Average cost of car insurance by state