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