Average Cost for Car Insurance Per Month: $150

How much is car insurance per month?

The average cost of car insurance in the United States is $150 per month, or $1,800 per year, according to the National Association of Insurance Commissioners (NAIC). However, the cost of car insurance can vary significantly depending on a number of factors, including your age, gender, driving record, the type of car you drive, and where you live (state/city).

Monthly Car Insurance Cost by Age

The age of the driver is one of the most important factors that insurance companies consider when setting rates. Younger drivers are typically charged more for car insurance than older drivers, because they are statistically more likely to be involved in accidents.

The table below shows the average monthly car insurance cost for different age groups, according to the NAIC:

| Age Group | Average Monthly Cost |
|---|---|---|
| 20 and under | $299 |
| 21-25 | $212 |
| 26-30 | $174 |
| 31-35 | $153 |
| 36-40 | $142 |
| 41-45 | $133 |
| 46-50 | $126 |
| 51-55 | $120 |
| 56-60 | $116 |
| 61+ | $112 |

Monthly Car Insurance Cost by Gender

Gender is another factor that insurance companies consider when setting rates. Male drivers are typically charged more for car insurance than female drivers, because they are statistically more likely to be involved in accidents.

The table below shows the average monthly car insurance cost for male and female drivers, according to the NAIC:

| Gender | Average Monthly Cost |
|---|---|---|
| Male | $154 |
| Female | $146 |

Monthly Car Insurance Cost by Driving Record

Your driving record is a major factor that insurance companies consider when setting rates. Drivers with clean driving records are typically charged less for car insurance than drivers with poor driving records.

The table below shows the average monthly car insurance cost for drivers with different driving records, according to the NAIC:

| Driving Record | Average Monthly Cost |
|---|---|---|
| No accidents or violations in the past 3 years | $141 |
| One accident or violation in the past 3 years | $158 |
| Two or more accidents or violations in the past 3 years | $185 |

Monthly Car Insurance Cost by Car Type

The type of car you drive is another factor that insurance companies consider when setting rates. Sports cars and luxury cars are typically more expensive to insure than sedans and SUVs.

The table below shows the average monthly car insurance cost for different types of cars, according to the NAIC:

| Car Type | Average Monthly Cost |
|---|---|---|
| Sedan | $143 |
| SUV | $150 |
| Sports car | $182 |
| Luxury car | $214 |

Monthly Car Insurance Cost by State

The state (city) where you live is also a factor that insurance companies consider when setting rates. States with high rates of accidents and theft typically have higher car insurance rates than states with low rates of accidents and theft.

The table below shows the average monthly car insurance cost for the 10 most expensive states, according to the NAIC:

| State | Average Monthly Cost |
|---|---|---|
| Michigan | $273 |
| Louisiana | $254 |
| Florida | $245 |
| New York | $242 |
| New Jersey | $239 |
| Pennsylvania | $237 |
| Illinois | $236 |
| Ohio | $235 |
| Indiana | $234 |
| California | $233 |

Tips and Tricks for Saving Money on Car Insurance

There are a number of things you can do to save money on car insurance, including:

• Shop around for the best rates. There are a number of online insurance companies that make it easy to compare rates from different insurers.
• Increase your deductible. The deductible is the amount of money you pay out of pocket before your insurance coverage kicks in. Increasing your deductible can lower your monthly premium.
• Take advantage of discounts. Many insurance companies offer discounts for things like good driving records, being a safe driver, and insuring multiple cars.
• Bundle your insurance policies. If you have other insurance policies, such as homeowners insurance or renters insurance, you may be able to get a discount on your car insurance by bundling them with the same insurer.
• Improve your credit score. Your credit score is a factor that some insurance companies use to set rates. Improving your credit score can help you get a lower rate on car insurance.

Common Mistakes to Avoid When Buying Car Insurance

There are a number of common mistakes that people make when buying car insurance, including:

• Not shopping around for the best rates. This is one of the most important things you can do to save money on car insurance.
• Not increasing your deductible. Increasing your deductible can lower your monthly premium.
• Not taking advantage of discounts. Many insurance companies offer discounts for things like good driving records, being a safe driver, and insuring multiple cars.
• Not bundling your insurance policies. If you have other insurance policies, such as homeowners insurance or renters insurance, you may be able to get a discount on your car insurance by bundling them with the same insurer.
• Not improving your credit score. Your credit score is a factor that some insurance companies use to set rates. Improving your credit score can help you get a lower rate on car insurance.

By avoiding these common mistakes, you can save money on car insurance and get the coverage you need.