Average Auto Insurance Cost Per Month For One Person
Thursday, March 9, 2023
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Average Auto Insurance Cost Per Month For One Person
Introduction
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Factors That Impact Average Auto Insurance Cost Per Month
When it comes to auto insurance, there are a variety of factors that can impact the cost. The age, gender, and driving record of the driver are all taken into consideration when calculating the premium. Additionally, the make and model of the vehicle, the type of coverage, the amount of coverage, the deductible, and the location of the vehicle can all influence the premium.
Average Auto Insurance Cost By Age
Average Auto Insurance Cost By Gender
The gender of the driver can also have an effect on the average auto insurance cost per month. Generally, male drivers are considered to be more expensive to insure than female drivers. This is due to the fact that, statistically, males are more likely to be involved in an accident. According to the National Association of Insurance Commissioners, the average auto insurance cost for a male driver is around $1,200 per year, or $100 per month. For a female driver, the cost is around $1,100 per year, or $92 per month.
Average Auto Insurance Cost By Make and Model
The make and model of the vehicle can also have an effect on the average auto insurance cost per month. Generally, vehicles that are considered to be more expensive to repair or replace, such as luxury cars, will be more expensive to insure. Additionally, vehicles that are more likely to be involved in an accident, such as sports cars, will be more expensive to insure. According to the National Association of Insurance Commissioners, the average auto insurance cost for a luxury car is around $2,400 per year, or $200 per month. For a sports car, the cost is around $2,600 per year, or $217 per month.
Conclusion
In conclusion, the average auto insurance cost per month for one person is around $100. However, this cost can be impacted by a variety of factors, including the age, gender, and driving record of the driver, as well as the make and model of the vehicle. Additionally, the type of coverage, the amount of coverage, the deductible, and the location of the vehicle can all influence the premium. It is important to shop around and compare rates to ensure that you are getting the best possible rate for your auto insurance coverage.
