Average Auto Insurance Cost In US Per Month

Introduction

When it comes to auto insurance, many people are looking for an affordable option. The cost of car insurance can vary greatly depending on the type of coverage you select and the state you live in. But what is the average auto insurance cost in the US per month? It’s not as simple as a single number, as the cost of car insurance can vary significantly depending on the type of coverage, the age of the driver, the make and model of the car, and other factors. In this article we’ll look at the average cost of car insurance in the US per month and offer some tips for finding the best rate for you.

Average Cost of Car Insurance

The average cost of car insurance in the US is around $134 per month, according to the Insurance Information Institute (III). That’s an average of all states, so the cost in your state may be higher or lower. The type of coverage you select, the age of the driver, the make and model of the car, and other factors all play a role in determining the cost of car insurance. Here’s a quick look at how the average cost of car insurance breaks down by type of coverage and state.

Liability Coverage

Liability coverage is the most basic type of auto insurance and is required in most states. It pays for bodily injury and property damage that you, the insured driver, cause to another driver or vehicle. The average cost of liability coverage in the US is around $57 per month.

Collision Coverage

Collision coverage pays for damage to your car if you are involved in an accident. It is usually optional, but if you have an outstanding loan on your car it may be required by the lender. The average cost of collision coverage in the US is around $76 per month.

Comprehensive Coverage

Comprehensive coverage pays for damage to your vehicle caused by something other than a collision, such as theft, fire, or vandalism. It is usually optional, but can be required by a lender if you have an outstanding loan on your car. The average cost of comprehensive coverage in the US is around $36 per month.

State-by-State Cost of Car Insurance

The cost of car insurance can vary significantly from state to state. For example, the average cost of car insurance in California is around $200 per month, while the average cost in Maine is around $84 per month. To get a better sense of the cost of car insurance in your state, you can use the III’s online car insurance calculator.

Tips for Finding the Best Rate

If you’re looking for an affordable rate on car insurance, here are a few tips to keep in mind:

Shop Around: Don’t just accept the first quote you get. Shop around and compare rates from different companies to make sure you’re getting the best deal.

Raise Your Deductible: Raising your deductible can lower your monthly rate. Just make sure you have enough saved in an emergency fund in case you need to make a claim.

Bundle Your Policies: If you have other types of insurance, such as homeowner’s or renter’s insurance, consider bundling them together with your auto insurance for a lower rate.

Take Advantage of Discounts: Many insurance companies offer discounts for things like having a good driving record, being a safe driver, or taking a defensive driving course. Ask your insurer about available discounts.

In conclusion, the average cost of car insurance in the US is around $134 per month. The cost can vary significantly depending on the type of coverage, the age of the driver, the make and model of the car, and other factors. To get the best rate, shop around, raise your deductible, bundle your policies, and take advantage of discounts.