How much do most pay for car insurance?

Because car insurance costs are based on the driver's expected level of risk and the likelihood of filing claims, some drivers pay more than others. Along with that data, WalletHub used the features listed below to create a driver profile designed to identify average car insurance rates nationwide. To calculate average expenses, the National Association of Insurance Commissioners (NAIC) assumes that all insured vehicles have liability coverage, but not necessarily comprehensive or collision coverage. In addition, if you have been involved in an at-fault accident or have received a conviction for a traffic violation, this will cause an increase in your car insurance premium.

For more details on how they were determined, see WalletHub's methodology for determining the cheapest cars to insure. For drivers looking for the best auto insurance company, keep in mind that the coverage you choose also plays an important role. As a result, the average monthly cost of car insurance will depend on the driver, the car, the location, and the amount of coverage purchased. The vehicles mentioned above are the cheapest to insure overall, according to WalletHub's analysis.

In general, young drivers pay more for car insurance than older, more experienced drivers because younger drivers are more likely to take risks, making it more expensive to insure them. Full-coverage car insurance is more expensive than the minimum statutory auto insurance coverage because full coverage generally includes collision and comprehensive insurance, as well as the minimum coverage required by the state. When you buy car insurance online, be sure to compare the same amount of coverage and the same features for an easy comparison between companies. It's important to note that auto insurance companies also consider factors besides age when calculating rates, such as driving history, vehicle insurance scores, and car insurance scores.

On average, car insurance tends to be higher for new and young drivers, and then declines steadily in each consecutive age group. Louisiana and New York are also notoriously expensive, but none of them come close to the rates you'll pay in Michigan. Car insurance costs from state to state also vary depending on population density, crime rates, and the number of uninsured drivers.