Average Cost Full Coverage Car Insurance

What is the Average Cost of Full Coverage Car Insurance?

There’s no single answer to the question of what the average cost of full coverage car insurance is. That’s because insurance premiums vary from one person to the next, depending on a range of factors such as your age, the type of vehicle you drive, and your driving record. Generally speaking, however, the average cost of full coverage car insurance is higher than the cost of a policy with just liability coverage.

Factors That Affect the Cost of Full Coverage Car Insurance

The cost of full coverage car insurance will depend on a range of factors, including:

Your age, gender, and marital status: Generally, younger drivers and single drivers will pay higher premiums.
The type of car you drive: Cars with more safety features, a higher safety rating, and a lower likelihood of theft will generally have lower premiums.
The amount of coverage you choose: Higher coverage limits will usually result in higher premiums.
Your driving record: A clean record may result in lower premiums, while a record with many speeding tickets or accidents may result in higher premiums.
Your credit score: A higher credit score may result in lower premiums.
Your location: Insurance premiums vary from one state to the next.

Average Cost of Full Coverage Car Insurance

According to the Insurance Information Institute (III), the average cost of full coverage car insurance in the United States is $1,548 per year. This figure includes both collision and comprehensive coverage, as well as liability coverage required in most states. However, this figure is just an average, and your own costs could be lower or higher, depending on the factors mentioned above.

How to Find the Best Full Coverage Car Insurance

To find the best full coverage car insurance, it’s important to shop around and compare quotes from a variety of insurers. Different insurers have different rates and discounts, so it pays to compare. Additionally, make sure to ask your insurer about any discounts you might qualify for, such as discounts for good drivers or multi-car discounts.

Conclusion

The average cost of full coverage car insurance in the United States is $1,548 per year, but the actual cost will vary from one person to the next depending on a range of factors. To find the best full coverage car insurance, it’s important to shop around and compare quotes from a variety of insurers. Additionally, make sure to ask your insurer about any discounts you might qualify for.