Average Cost For Car Insurance
National Average Car Insurance Rates. Based on reported rates from several state-governing insurance departments, and information from organizations such as the National Association of Insurance Commissioners, the national car insurance average rate is just above $900 per year of coverage.
On average, Americans spend $125 a month, or $1,503 for an annual rate, on car insurance. Various factors can go into the pricing of car insurance including geographical location — making every state’s average cost sightly different.
We examined the average cost of car insurance by state to help you figure out how much you should be paying in premiums for a policy.
But for what it’s worth, the average amount spent to insure a car in the U.S. was $815 a year in 2012, according to the National Association of Insurance Commissioners. However, as anyone who pays much less — or more — than $815 a year can tell you, there are a lot of variables that affect your car insurance rates.