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How Much is Car Insurance a Month on Average - The Insurance Stops

How Much is Car Insurance a Month on Average?

“Help! I need better car insurance, but I’m not sure what a ‘good’ policy looks like. How much is car insurance a month on average?”

KEY TAKEAWAYS:

  • How much is car insurance a month on average? The national average is $99 per month. But several factors can affect your monthly car insurance rates, including:
    • Your age
    • Your gender
    • Your driving record
    • Your credit score
    • The type of car you drive
  • If you need to lower your car insurance premiums, you can consider:
    • Bundling your policies
    • Improving your credit score
    • Raising your deductible
    • Comparing car insurance policies with a professional
How Much Is Car Insurance A Month On Average - The Insurance Stops
How Much Is Car Insurance A Month On Average – The Insurance Stops

If you own a vehicle, then car insurance is a must-have. But for most people, it feels more like a hassle than a source of protection. As car insurance rates climb, people start to get less and less excited about finding good car insurance.

So, what should you expect when you’re shopping for a new policy? How much is car insurance a month on average? And if you don’t like your rate, is there anything you can do to lower it? Let’s talk about it!  

 

First, what are some factors that can affect your car insurance rates?

Your car insurance premium is calculated based on a variety of factors, including your age, gender, driving record, credit score, and the type of car you drive. Let’s take a closer look at each of these factors:

  1. Age: Younger drivers typically pay more for car insurance than older drivers. This is because younger drivers are statistically more likely to get into accidents.
  1. Gender: Men generally pay more for car insurance than women, as they are also statistically more likely to get into accidents.
  1. Driving Record: If you have a clean driving record with no accidents or violations, you can expect to pay less for car insurance than someone with a history of accidents or violations.
  1. Credit Score: Your credit score can also affect your car insurance premium. Those with a good credit score can typically expect to pay less for car insurance than those with a poor credit score.
  1. Type of Car: The make and model of your car can also affect your car insurance premium. Cars that are more expensive to repair or replace will typically cost more to insure.

So, how much is car insurance a month on average?

Because car insurance is partially dependent upon the factors listed above, it’s difficult to say how much you can expect to be paying. However, we can tell you what the national average for car insurance is!  

So, how much is car insurance a month on average? According to the National Association of Insurance Commissioners, the average cost of car insurance in the United States is around $1,190 per year, or approximately $99 per month.

Of course, this is just an average, and your actual car insurance premium may be higher or lower depending on your individual circumstances. For example, if you’re a young male driver with a poor driving record and a sports car, you can expect to pay much more than the average driver.

 

Want to lower your car insurance premium? Here are some ways you can make that happen:

Not happy with your car insurance rates? Don’t worry! There are steps you can take to lower your monthly premiums! Here’s how:

  • Raise Your Deductible: A higher deductible can lower your monthly premium, but keep in mind that you’ll have to pay more out of pocket in the event of an accident.
  • Bundle Your Policies: If you have multiple insurance policies (such as car insurance and homeowners’ insurance) with the same company, you may be eligible for a discount.
  • Improve Your Credit Score: Improving your credit score can also lead to lower car insurance premiums.

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