How Much Does Car Insurance Cost Per Month?

If you’re looking to buy a car, it’s important to consider the cost of car insurance. Insurance can vary drastically, depending on the make and model of the car, and the area you live in. It’s important to shop around and compare rates to make sure you’re getting the best deal. But what’s the typical cost of car insurance?

Factors That Affect Car Insurance Costs

The cost of car insurance can vary for each individual depending on a variety of factors. Your age, where you live, the type of car you drive, and your driving record all play a role in determining your car insurance rate. Your age is a major factor. Young drivers are typically more expensive to insure. If you live in an area with a high crime rate, your premiums may be higher due to the increased risk of theft or vandalism.

The type of car you drive also plays a role. Expensive cars tend to be more expensive to insure, while cheaper cars are typically cheaper to insure. The safety features of the car are also taken into account. Cars with features such as airbags, anti-lock brakes, and stability control can often get discounted rates. Finally, your driving record will be taken into account. If you have a history of accidents or traffic violations, you’ll likely pay higher premiums.

Average Cost of Car Insurance Per Month

The average cost of car insurance in the United States is around $135 per month. This figure can vary depending on the state you live in, as well as the factors mentioned above. The cheapest states for car insurance are typically Maine, Idaho, and Wisconsin, with average monthly premiums of around $100. The most expensive states for car insurance are typically Louisiana, Michigan, and Florida, with average monthly premiums of around $200.

How to Lower Your Car Insurance Costs

There are a few ways you can lower your car insurance costs. Shop around and compare rates from multiple providers to make sure you’re getting the best deal. Consider increasing your deductible, as this can often lead to lower premiums. Additionally, if you have a good driving record, you may be eligible for discounts. Consider taking a defensive driving course, which can also lead to lower premiums. Finally, if you’re a student, or if you’re over the age of 55, you may qualify for additional discounts.

Conclusion

The cost of car insurance can vary drastically, depending on the make and model of the car, the area you live in, and your driving record. The average cost of car insurance in the United States is around $135 per month. To save money on car insurance, shop around and compare rates from multiple providers, consider increasing your deductible, and look for discounts. With a little bit of research, you can save money on your car insurance.